Vehicle insurance
Vehicle insurance consists of a liability insurance, accident insurance for driver and owner, and windshield insurance.
Our customers get discounts on various security products
We are here whenever you need insurance.
Vehicle insurance consists of a liability insurance, accident insurance for driver and owner, and windshield insurance.
Insurance can be complicated. To make things easier to understand, we have compiled all the key information about the insurance in an information document that can be viewed with the terms and conditions.
Most drivers are familiar with having a stone hit their car's windshield. If the windshield can be repaired, Vörður will pay for the repair in full, saving you the risk.
We offer fast, reliable service and competitive terms when you purchase a new or used car. You can finance up to 80% of the vehicle’s purchase price, with the loan term depending on the age of the car.
Knowing how to respond when an accident happens can make a real difference. Here's what to keep in mind."
Here you can find a list of our main repair shops and other service providers for car damage claims.
Our customers in Grunnur enjoy free roadside assistance across the country.
Loss or damage due to the use of the vehicle, whether a collision with another car or a building.
The vehicle is insured irrespective of who is driving. The driver needs to have a valid driver’s licence and permission from the owner of the car.
Injuries to people caused by the vehicle.
If the driver collides with another vehicle in their possession.
Covers driving abroad, within the EEA and Switzerland. The owner needs to pick up the green card (international insurance certificate) at Vörður before travelling abroad.
Loss or damage to an insured vehicle of the owner, items, or housing in their possession.
Valuables in possession of the driver of the car.
Loss or damage caused by racing, motor racing, nor during trainings for such driving.
Damage caused by force or extreme carelessness.
If the driver is unfit for driving due to intoxication or anesthetics, Vörður may have the right of recourse against the owner.
Loss or damage resulting from a traffic accident suffered by the driver when operating the vehicle.
Loss or damage due to a traffic accident suffered by the policyholder as a passenger in his own vehicle.
Loss or damage caused by racing, motor racing, nor during trainings for such driving.
Damage caused by force or extreme carelessness.
If the driver is unfit for driving due to intoxication or anesthetics, Vörður may have the right of recourse against the owner.
Cracks in the car window along with replacement cost.
The deductible for windshield insurance is 25% of each damage in the case of windshield replacement.
Loss or damage caused by racing, motor racing, nor during trainings for such driving.
Damage caused by force or extreme carelessness.
If the driver is unfit for driving due to intoxication or anesthetics, Vörður may have the right of recourse against the owner.
Vehicle insurance consists of liability insurance and accident insurance for the driver and the owner. Liability insurance compensates for personal injury and property damage caused by the vehicle. Accident insurance compensates for injuries suffered by the driver in an accident they cause, as well as injuries to the vehicle owner if they are injured as a passenger in their own vehicle.
A registration-required vehicle is a motor vehicle, motorcycle, off-road vehicle, tractor, trailer for a motor vehicle or tractor designed for a gross weight of more than 750 kg, a caravan, or a camping trailer. Vehicles must be registered before being put into use.
Comprehensive insurance covers damage to a vehicle if damage occurs for which the owner is personally responsible or if the vehicle suffers external damage. The policyholder chooses the deductible and pays it if the car is damaged, while the insurance company pays the remaining amount.
You notify us when a vehicle has been deregistered, and the insurance is then cancelled from the date of deregistration. This applies to mandatory vehicle insurance as well as voluntary insurance such as comprehensive insurance.
If license plates are surrendered without deregistration, comprehensive insurance is not automatically cancelled, as the insurance covers various types of losses that may occur even when plates are surrendered, such as vandalism, severe weather, and theft.
Windshield insurance covers breakage of a car window, including installation costs. The deductible for windshield insurance is 25% per claim, but if the windshield is repaired rather than replaced, there is no deductible.
Liability insurance does not apply unless a racing endorsement is purchased. However, this endorsement does not cover damage the vehicle causes to other participants in a driving competition, whether bodily injury or property damage.
Accident insurance for the driver and owner, windshield insurance, and comprehensive insurance never apply during driving competitions.
The insurance is valid in Iceland, other EEA member states, the United Kingdom, and Switzerland. A condition is that an international motor insurance card, known as the “Green Card,” is obtained.