Third-Party Liability Insurance for vehicles covers damages you cause to others while using the vehicle. This includes both personal injuries and property damage.

Driver and Owner Accident Insurance compensates for personal injuries sustained by the driver responsible for the accident and injuries to the vehicle owner.

Windshield Insurance covers damage to all windows of the vehicle (excluding the sunroof). These are common types of damage that can be costly, which is why Windscreen Insurance is included with the Mandatory Vehicle Insurance.

If you do not wish to include Windscreen Insurance with your Mandatory Vehicle Insurance, please contact us at sjova@sjova.is or by phone at 440 2000.

If your windshield is damaged, we recommend that you immediately apply a windshield patch to the damage. This increases the chances that the windshield can be repaired, which means you won't have to pay any deductible or lose a refund, if you are a customer in Stofn.

Many factors influence the price. Vehicle use, residence, claims history, and the age of family members are all examples of factors that can have an impact.

If you purchase add-ons, such as using the vehicle for racing or renting it out part of the year, this will also affect the price.

Customers in Stofn receive a discount on the insurance premium, and claim-free and reliable customers also receive a Stofn refund on the premium for Mandatory Vehicle Insurance for private cars and motorcycles.

Mandatory registrable vehicles include cars, motorcycles, off-road vehicles, tractors, and trailers for cars or tractors with a gross weight exceeding 750 kg, such as caravans and camper trailers.

However, this does not apply to trailers for tracked vehicles or tractors used almost exclusively off public roads.

For more details, see the regulations on vehicle registration (in Icelandic).

Please note that trailers (e.g., caravans and tent trailers) do not require Mandatory Vehicle Insurance, even though they are registrable.

You start by reporting the transfer of vehicle ownership to the Icelandic Transport Authority (Samgöngustofa).

Then, you contact us, and we will cancel the insurance on your old car and issue insurance for your new car.

You need to obtain confirmation from the seller that the premium for the vehicle’s insurance has been paid. If the vehicle was insured with us, we can provide the buyer or car dealer with information on whether there is any outstanding premium on the vehicle.

If there is an unpaid premium left by the previous owner, the relevant insurance company can demand payment from the new owner and has a lien on the vehicle, despite the ownership transfer, in accordance with the Motor Vehicle Insurance Act. At Sjóvá, we will not exercise this legal provision against individuals as long as they cannot access confirmation that the vehicle’s insurance premium has been paid in a simpler manner than currently available. However, we encourage everyone purchasing used vehicles to request such confirmation from the seller.

When taking a vehicle abroad, it’s important to carefully consider insurance coverage.

Vehicle insurance is valid in Iceland and in other member states of the European Economic Area (EEA) and in Switzerland. You can apply for a so-called Green Card, which confirms that liability insurance (part of the mandatory vehicle insurance) is in effect for the vehicle.

More countries than just the EEA member states and Switzerland are part of the Green Card system. Here you can see a list of the countries that are part of the system.

To obtain the Green Card, contact us via live chat, by calling 440 2000, or by emailing sjova@sjova.is. There is no charge for the Green Card.

See more about driving abroad.