KASKO Insurance 2026: current prices and key terms to know

KASKO is voluntary insurance that protects your own car against damage (caused by traffic accidents, theft, fire, natural forces or vandalism), regardless of who is at fault. Unlike mandatory third-party liability insurance, KASKO covers repairs to your car rather than damage caused to someone else’s vehicle. The price depends on the value of your car and the level of coverage you choose. 

When choosing KASKO insurance in 2026, it’s important to know not only the estimated price but also the terms and conditions that can make a real difference to how much you receive in the event of a claim. 

What does KASKO cover? 

KASKO differs from mandatory third-party liability insurance (MTPL) because it covers damage to your own vehicle, rather than damage you cause to other road users. 

A typical KASKO policy covers: 

• damage caused in a traffic accident, even if you are at fault, 

• car theft or attempted theft, 

• damage caused by fire or explosion, 

• damage caused by natural forces, such as hail, flooding, lightning or trees blown down by strong winds, 

• vandalism, 

• broken glass, often as an additional coverage option. 

How much does KASKO insurance cost in 2026? 

The estimated KASKO insurance price in Lithuania in 2026 is around €350–€1,500 per year, or approximately €22–€70 per month when paid in monthly instalments, depending on the value and age of the car and your driver profile. The exact price is best calculated using an insurance calculator, as it depends on many individual factors. 

In 2026, KASKO prices are generally trending upwards. This is driven by rising car repair costs, more expensive spare parts and the increasing number of electric vehicles, which are typically more expensive to repair than cars with traditional internal combustion engines. If your policy is approaching its renewal date, it’s worth taking the time to choose your new KASKO policy carefully, compare offers from several insurers and avoid automatically renewing your existing policy. 

What determines the price of KASKO insurance? 

The price is influenced by several key factors: 

• The car’s value, make and age. The more expensive and newer the car, the higher the premium. 

• Your age and driving experience. KASKO is generally more expensive for younger and less experienced drivers. 

• Your claims history. The fewer claims you have made in the past, the lower your risk profile and the more favourable the price. 

• The amount of your deductible. A higher deductible reduces the annual premium. 

• The level of coverage you choose. Partial KASKO (covering only certain risks, such as theft and broken glass) costs less than comprehensive KASKO but provides more limited coverage. 

What should you check before signing a KASKO policy? 

Price is only one part of the decision. Before signing the policy, check: 

• The deductible (excess). This is the amount you have to cover yourself in the event of a claim. It’s worth checking whether it applies to all claims or whether there are exceptions (for example, a deductible may not apply to broken glass). 

• Whether depreciation is applied to the claim payout. Some insurers apply a depreciation coefficient when calculating payouts for older parts, which can significantly reduce the actual compensation you receive. 

• Territorial coverage. Check whether your insurance is valid only in Lithuania, throughout the EU or more widely. This is particularly important if you plan to travel abroad by car. 

• Storage requirements. Some policies require the car to be kept in a secure location at night, such as a garage or guarded parking area. 

• Additional driver conditions. If other family members also drive the car, check whether they are covered by the policy. 

• The specifics of leasing a car. If your car was purchased through leasing, the bank will usually set minimum KASKO requirements that must be met. 

When does KASKO insurance not cover the damage? 

KASKO may not cover a claim if the incident is related to circumstances considered a breach of the policyholder’s obligations, such as: 

• driving under the influence of alcohol or drugs, 

• leaving the keys in the car or in an easily accessible place before the theft, 

• breaching the terms of the policy (for example, using the car for a purpose it was not insured for), 

• reporting the claim to the insurer too late. 

What to remember before contacting your insurer 

To avoid having your payout reduced or your claim rejected, it’s important to inform your insurer as soon as possible after an incident, avoid starting repairs yourself before the damage has been assessed, and keep all relevant documents and photos. 

FAQ 

Are KASKO insurance prices going down in 2026? 

No. On the contrary, prices are increasing due to rising repair costs and more expensive spare parts. 

What is the difference between comprehensive and partial KASKO insurance? 

Comprehensive KASKO covers a wider range of risks and costs more than partial KASKO, which only covers specific risks. Partial KASKO can be a sensible choice for an older, lower-value car. 

What is the difference between KASKO and mandatory third-party liability insurance? 

The key difference is what the insurance covers. Mandatory third-party liability insurance (MTPL) covers damage you cause to other road users, while KASKO covers damage to your own car, regardless of who is at fault. MTPL is legally required for all drivers, while KASKO is voluntary.