BTA Kasko Comprehensive BTA Baltic Insurance Company
Price on request
- Coverage Type: Comprehensive (kasko)
- Annual Premium From: From €200/year
- No-Claims Discount: Up to 40% NCB
- Claims Service: 24/7 helpline
Compare Car Insurance in Latvia
Compare the top car insurance providers in Latvia — see cover, features and typical rates side by side.
Live offers
6 live offers compared from 4 providers. Updated daily.
BTA Liability Only (MTPL) BTA Baltic Insurance Company
Price on request
- Coverage Type: Third-party (MTPL)
- Annual Premium From: From €85/year
- No-Claims Discount: Up to 40% NCB
- Claims Service: 24/7 helpline
If Kasko Comprehensive If Latvia
Price on request
- Coverage Type: Comprehensive (kasko)
- Annual Premium From: From €195/year
- No-Claims Discount: Up to 40% NCB
- Claims Service: Online claims
If Liability Only (MTPL) If Latvia
Price on request
- Coverage Type: Third-party (MTPL)
- Annual Premium From: From €90/year
- No-Claims Discount: Up to 40% NCB
- Claims Service: Online claims
ERGO Kasko ERGO Latvia
Price on request
- Coverage Type: Comprehensive (kasko)
- Annual Premium From: From €190/year
- No-Claims Discount: Up to 35% NCB
- Claims Service: Phone + online
Balcia MTPL Balcia Insurance
Price on request
- Coverage Type: Third-party (MTPL)
- Annual Premium From: From €80/year
- No-Claims Discount: Up to 35% NCB
- Claims Service: Online claims
What is car insurance in Latvia?
Car insurance in Latvia has two main forms. OCTA (obligatorā civiltiesiskās atbildības apdrošināšana) is the compulsory motor third-party liability insurance every registered vehicle must carry, covering damage and injury you cause to others. KASKO is optional comprehensive cover that also pays for damage to your own vehicle from accidents, theft, fire and vandalism. OCTA is required by law to drive or keep a car on the road, while KASKO is usually taken on newer or financed vehicles.
How the Latvian market works
OCTA is a standardised compulsory product, so insurers compete mainly on price and service, and premiums are influenced by a bonus-malus system that rewards claim-free driving. You can buy OCTA online in minutes, and the policy is linked to the vehicle registration. KASKO is priced individually by the car's value, driver profile and cover chosen. Leasing and bank car finance almost always require KASKO for the term. The Motor Insurers' Bureau of Latvia (LTAB) coordinates the compulsory scheme.
Benefits
Legal compliance — OCTA satisfies the mandatory requirement to insure any registered vehicle.
Third-party protection — Covers injury and damage you cause to other people and their property.
Own-damage cover — KASKO pays to repair your own car after accidents, theft, fire or vandalism.
Bonus for safe driving — The bonus-malus system lowers OCTA premiums for claim-free years.
How to choose
OCTA is mandatory, so compare price, the bonus-malus discount you have earned and any added services. Decide whether to add KASKO based on your car's value and whether it is financed, since leasing requires it. For KASKO, compare the excess, whether cover is new-for-old, and inclusions like glass, roadside assistance and a courtesy car. Check territorial cover if you drive outside Latvia, and confirm the claims process and repair-network options.
Leading providers in Latvia
BTA Baltic Insurance Company — A leading Baltic motor insurer offering both OCTA and KASKO.
If Latvia — Part of the Nordic If group, with competitive comprehensive and liability cover.
ERGO Latvia — Part of the international ERGO group, providing OCTA and KASKO packages.
Balcia Insurance — A Latvian-rooted insurer active across the Baltic motor market.
What it costs
OCTA premiums in Latvia depend on the vehicle, its use and your bonus-malus class, so safe drivers with long claim-free records pay less. KASKO costs more and scales with the car's value, the driver's profile and the excess chosen. Because OCTA is standardised, shopping around mainly saves on price and service, while KASKO pricing varies more between insurers. Always compare the total of OCTA plus any KASKO you need, along with the excess.
Protections and regulation
Motor insurance in Latvia is regulated under compulsory-insurance law, supervised by Latvijas Banka, with the Motor Insurers' Bureau of Latvia (LTAB) administering the guarantee fund and cross-border Green Card arrangements. If an uninsured or unidentified driver causes damage, the guarantee fund can compensate victims. Insurers must handle OCTA claims within regulated timeframes, and disputes can be escalated to the regulator.
Common questions
Is OCTA mandatory? Yes, every registered vehicle must have OCTA third-party liability insurance to be driven or kept on the road.
Do I need KASKO too? Only if you want own-damage cover; leasing and bank car finance usually require it.
How does bonus-malus work? Claim-free years move you to a better class with lower OCTA premiums; at-fault claims raise the price.
Car Insurance in Latvia — FAQ
What is the cheapest car insurance in Latvia?
Giraffy tracks 5 car insurance products across BTA Baltic Insurance Company,If Latvia,ERGO Latvia insurers in Latvia. Your individual premium depends on your vehicle, driving history, and location — comparing quotes regularly is the most effective way to cut costs.
What is the difference between third-party and comprehensive car insurance?
Third-party cover is the minimum legal requirement in most markets — it pays for damage you cause to other vehicles and people but not your own car. Comprehensive cover includes damage to your own vehicle regardless of fault — and is often only marginally more expensive than third-party cover.
What factors affect my car insurance premium?
Key factors include: age and driving experience, claims history and no-claims bonus, vehicle make, model, and engine size, annual mileage, where you park overnight, postcode, and whether you add named drivers. Younger drivers typically pay more due to statistically higher accident rates.
What is an excess and how does it affect my premium?
The excess is the amount you contribute towards a claim before the insurer pays the rest. There's usually a compulsory excess (set by the insurer) and a voluntary excess (you choose). Raising your voluntary excess lowers your premium — but make sure you could comfortably pay it if you needed to claim.
What is a no-claims bonus (NCB) and how does it work?
An NCB (or no-claims discount) rewards claim-free years with lower premiums — typically 10–15% discount per year, up to around 60–70% after 5+ years. You can protect your NCB with an add-on that allows 1–2 at-fault claims without losing your discount. Check if your NCB is transferable when switching insurers.
Does adding named or additional drivers affect my car insurance premium?
Adding an experienced driver with a clean record can sometimes reduce premiums. However, adding a young or inexperienced driver almost always increases costs. 'Fronting' — where a parent is listed as the main driver to reduce a young driver's premium — is illegal and can void a policy.
Can I get car insurance as a temporary or short-term policy?
Yes — temporary car insurance is available from specialist providers for short periods. It's useful for driving a car you don't own, sharing driving on a long trip, or covering a car you're selling. These policies don't affect the main policy holder's no-claims bonus.