Company vehicle insurance (Casco and compulsory motor third-party liability insurance)

A single questionnaire for the entire company fleet—ranging from one vehicle to fifty. Compulsory motor third-party liability insurance covers damage to other road users, while Casco insurance covers your own vehicles.

Who is this insurance relevant for?

MTPL is mandatory for all vehicles registered in Lithuania, so the question is usually not “whether to ban”, but how to fix the entire fleet at once. Casco is optional — unless required by the leasing contract.

Relevant if your company

owns or leases cars
operates several vehicles of varying ages and values
wants to align contract renewal dates
buys or exchanges cars several times a year
owns semi-trucks, vans, or specialized machinery
provides cars for employees to use

When Casco insurance is practically mandatory

car purchased via leasing — Casco insurance is usually stipulated in the financing agreement
The car is pledged to the bank.
new or high-value car
The car is used by several different drivers.

In the case of leasing, the beneficiary in the policy is the leasing company. In the questionnaire, it can be selected from a list or entered manually.

What is the difference between compulsory motor third-party liability insurance (MTPL) and Casco insurance?

These are two different insurances, often purchased together. The MTPL pays for damages you cause to others. Casco pays for damage to your own car — including when you’re at fault.

.: /, a.,

	MTPL	Casco
Is it mandatory?	Yes, by law	No, but leasing companies often require it.
Whose property is covered?	Other road users’ property;	your own car.
Insurance amount	Statutory	Based on the car’s market value
If you are at fault	payout is made to the injured parties	for you
When another driver is at fault	the at-fault driver’s insurer pays;	payment can be made immediately.
Theft, fire, animals	Not covered	Covered

The MTPL amounts are established by law. Per traffic accident in Lithuania, regardless of the number of victims: €6,450,000 for personal injury (including non-pecuniary damage) and €1,300,000 for property damage.

This means that the scope of compulsory motor third-party liability insurance (TPVCA) coverage is identical across all insurers—offers differ in price and additional services, not in the coverage itself. Casco coverage limits are not set by law, which is precisely why offers differ significantly in this regard.

Find out more about compulsory insurance on the compulsory insurance page.

What must be declared for the protection to be effective?

Insurance coverage is based on the information you provided when concluding the contract. If the vehicle is used in a manner other than declared, the insurer may reduce the payout or refuse to pay it. This is particularly relevant for a fleet, as some vehicles may be used differently from the others.

Specific use - notification required

Paid passenger transport — taxis, ride-hailing platforms, buses
Freight transport for hire or reward
Rental — short-term or long-term
Driver training
Transport of dangerous goods

It is sufficient for at least one vehicle from the fleet to be used in this way. Standard terms do not cover such usage.

Other matters requiring notification

Territory where the vehicle will be used
Leasing or pledge and beneficiary
Installed security system and its level
Vehicle modifications and additional equipment
The actual user of the vehicle, if it is not the company itself

Territory — four options. The questionnaire offers the following choices: Lithuania only; EU and EEA countries; geographical Europe excluding the United Kingdom; geographical Europe including the United Kingdom.

The MTPL concluded in Lithuania is valid in all countries of the European Economic Area. A green card may be required for travel outside the EEA. The United Kingdom is singled out because some insurers require you to report travel to countries where traffic flows in the opposite direction.

What does this insurance not cover?

Coverage does not apply when damage is caused by a gross violation of traffic regulations or conditions of use. Also excluded are matters falling under risks other than traffic-related ones.

Not included in the coverage

Driving while intoxicated or under the influence of psychoactive substances
Driving a vehicle of the relevant category without the right to drive it
Leaving the scene of a traffic accident
Normal wear and tear and failures due to improper use
Intentional acts
Undeclared commercial use
Participation in races or training sessions

Covered by separate products

Cargo in transit → cargo insurance
Carrier’s liability for cargo → CMR insurance
Harm to the driver’s health during work → employer’s civil liability
Company premises and equipment → business property insurance

Regreso teisė. Even when the insurer compensates victims for damages under compulsory motor third-party liability insurance, it has the right to recover the amount from the at-fault party—for instance, if the driver was intoxicated or unlicensed. In such cases, the protection benefits the victims rather than you, and the cost falls on the company or the driver.

What determines the price of insurance?

For fleet insurance, the price is calculated separately for each vehicle, but the overall fleet profile—particularly the claims history—is also taken into account.

Number and types of vehicles. Cars, vans, tractors and special equipment are valued differently.
Age and market value. In the case of Casco insurance, value is the primary factor determining the price.
Security system. The questionnaire offers a choice of four levels: no security system, immobilizer, factory-installed alarm, or additional security system.
Nature of use. Special use significantly alters the assessment.
Territory. Broader protection costs more.
Claims history over the past three years. Casco and MTPL are evaluated separately—specifically, the number of incidents and the total amount of payouts.
Additional protections selected.
Number of payments. One annual payment is usually cheaper than four quarterly payments.

What to decide before taking out insurance

Decisions regarding the fleet are made for groups of vehicles rather than individual ones; therefore, it is worth considering in advance what applies to the entire fleet and what applies to only a portion of it.

Comprehensive insurance for the entire fleet or just a part of it. It is often essential for new and leased cars, but not always worthwhile for older or low-value vehicles.
Market value for each car. More on that below.
Security system. In the questionnaire, it can be assigned to all vehicles at once and then adjusted individually.
Three additional Casco coverages. Driver and passenger accident insurance, roadside assistance, and a replacement vehicle.
Territory.
Insurance period. A specific end date can also be specified so that the contracts align with existing ones.
Number of payments. One annual or four quarterly.

You do not specify the deductible in the questionnaire – it is agreed with insurers when preparing offers. This is one of the most important parameters when comparing offers, as a different deduction can explain the entire price difference.

What you will need to fill out the questionnaire

We will retrieve the company name, address, and NACE code from the Centre of Registers—you simply need to enter the company code. It is useful to have the following ready in advance:

List of vehicles — license plate number, make and model, year of manufacture
Market value and protection system for each vehicle if you choose Casco
Information about the lease and the leasing company
Is at least one vehicle used for special activities?
The desired insurance territory
Claims over the past three years — broken down by Casco and MTPL
Details of existing policies — insurer, expiration date, annual premium

Up to 50 vehicles can be listed in a single questionnaire. The security system can be assigned to all of them at once, so processing a fleet of ten cars takes little longer than processing just one.

Frequently Asked Questions

Is compulsory motor third-party liability insurance (TPVCA) mandatory for company vehicles?

Yes. All vehicles registered in Lithuania must be covered by compulsory motor third-party liability insurance, regardless of whether they belong to a natural or legal person.

How does compulsory motor third-party liability insurance (MTPL) differ from Casco insurance?

MTPL pays for damage you cause to other road users. Casco pays for damage to your own car — including cases where you are at fault, as well as theft, fire or collision with an animal.

Can I insure the entire fleet under a single policy?

Yes. You can list up to 50 vehicles in a single questionnaire and receive quotes for the entire fleet at once. This allows you to align contract renewal dates and make a single payment.

Is Casco insurance mandatory for a leased car?

Legally, no, but Casco insurance is almost always stipulated in the leasing agreement itself. In such cases, the leasing company is designated as the beneficiary in the policy. It is worth checking the financing agreement for this requirement.

Is the insurance valid when traveling abroad?

The MTPL concluded in Lithuania is valid in all countries of the European Economic Area. A green card may be required for travel outside the EEA. The territory of the hull is selected separately — from “Only Lithuania” to geographical Europe with the United Kingdom.

What should you do if the car is used for ride-hailing?

This must be specified when concluding the contract. Paid passenger transport, rental, driver training, carriage of goods for reward, and the transport of dangerous goods are not included in the standard terms. Failure to declare these may invalidate the coverage.

How do you determine a car's market value for Casco insurance?

It is best to base the value on the actual market prices of cars with similar age, mileage, and equipment levels, rather than the purchase price. In the event of damage, compensation is based on the actual value at the time of the incident, so specifying an inflated amount offers no benefit.

Is it possible to align the insurance dates for all cars?

Yes, and it is convenient for the park as well. The questionnaire allows you to specify the desired start date for the period, and—if necessary—a specific end date can also be indicated so that the contracts align with existing ones.

Related insurance products

Transport insurance covers the vehicles themselves. These products cover the goods being transported or the equipment operating in conjunction with the vehicles.

Carrier's liability (CMR)

Carrier’s liability for the cargo entrusted to it for carriage

Cargo insurance

The cargo itself — actual value compensated regardless of fault.

Employer's civil liability

Harm to the health of a driver or other employee during work

Insure your entire vehicle fleet.

Fill out one questionnaire — you will receive offers for the entire fleet from the main Lithuanian insurers and you will be able to harmonize the dates of the contracts.

We store and use your data solely for the purpose of preparing a proposal.