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    Staff, branches & agencies Sickness Cost Insurance Good to know

Mandatory Vehicle Insurance

Manda­tory Ve­hi­cle In­sur­ance com­pen­sates dam­age caused by your ve­hi­cle as well as ac­ci­dents and in­juries to the owner and the dri­ver.

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Sum­mary of this in­sur­ance

"I am very happy with how quickly and well Sjóvá responded when my car was damaged. They covered the cost of repairs immediately and without hesitation. WELL DONE"

Accident Insurance for driver and owner covers injury to the driver of the vehicle as well as to the policy holder if he suffers injury as a passenger in his own car.

Mandatory Vehicle Insurance must be purchased for all registered motor vehicles in Iceland.

The Insurance Policy Covers
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The Mandatory Vehicle Insurance covers damage that occurs when the policy holder is consider accountable according to Icelandic traffic laws. These include: 

  • Damage to drivers of the vehicles in the accident in question.
  • Damage to passengers of the vehicles in an accident.
  • Damage to walking and cycling passersby in a traffic accident.
  • Damage to property of people other than the driver and owner of the vehicle that caused the accident.

The list is not complete. Please refer to the Mandatory Vehicle Insurance policy itself for a full list of what is covered.

The Insurance Policy Does Not Cover
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  • Damage to the vehicle that causes the accident.
  • Damage to property owned by the insured, unless it is damage to another vehicle.

The list is not complete. Please refer to the Mandatory Vehicle Insurance policy itself for a full list of what is covered. 

What can affect the premium?
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  • Usage of the vehicle; the premiums are not the same for a personal vehicle and a vehicle for professional use such as a taxi.
  • Your place of residence; the premium differs in Reykjavík and ísafjörður, for instance.
  • Customers who are part of our Stofn loyalty program get a 10% discount of the premium and get a 10% if they have no claims at the end of the year.

Terms and forms

Mandatory vehicle insurance
Tilkynna eigendaskipti

More information

Transfer of ownership - what needs to be done?
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At a transfer of ownership of a vehicle:

  • Fill out a request for a change of ownership and send to the Icelandic Transport Authority.
  • Contact Sjóvá, and we will drop the policy on the old car and give out a new policy for your current car.
De-registering
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If the vehicle is sold or de-registered, the company will refund the proportion of the premium corresponding to the remaining part of the cover period, provided that a new policy has been acquired for the vehicle when it changed hands

Let us know when you have de-registered the vehicle and we will drop the policy cover. You do this by calling us at 440-2000 or sending an email to  sjova@sjova.is.

Vehicles that must be insured
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Vehicles that need vehicle insurance are:

  • Cars
  • Motorcycles
  • Off-road vehicles
  • Tractors
  • Trailers and mobile homes
Driving abroad
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The insurance applies to the use of the vehicle in Iceland and in other member states of the European Economic Area (EEA). The insurance also applies in Switzerland. The policyholder must acquire an international insurance card for motor vehicles (green card) for driving abroad in countries other than those already listed, provided that the country in question is party to agreements on the use of such insurance cards.

Driving without a license and under the influence of alcohol
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If the driver does not have a valid driver's license or drives while under the influence of drugs or alcohol and causes damage and/or injury, they will have done so in gross negligence.

In these cases, Sjóvá will pay the mandatory liability but may require the driver to repay the company any damages paid.

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  3. Motor Vehicle Insurance
  4. Manda­tory Ve­hi­cle In­sur­ance
Sjóvá
  • Sjóvá-Almennar tryggingar hf. Kt. 650909-1270
  • Sjóvá-Almennar líftryggingar hf. Kt. 680568-2789
  • Kringlan 5, 103 Reykjavik,
Hafðu samband
Þjónustusími
440 2000
Tjónavakt
800 7112
E-mail
sjova@sjova.is
Vegaaðstoð
440 2222
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440 2000
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Staff, branches & agencies Sickness Cost Insurance Good to know

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Contact information

Kringlan 5, 103 Reykjavik
Opening hours Mon - Thu 9:00 - 15:00

Customer service: 440 2000

Claims Service: 800 7112

Roadside assistance: 440 2222

E-mail: sjova@sjova.is
Fax: 440 2020

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