Choosing an insurance company in Moldova is a balance between the price of the policy, the reliability of the insurer, and the convenience of claim settlement.
There are 9 licensed insurance companies operating in the country.
To make the right choice, follow these steps:
1. Check the license.
All legal insurers in Moldova must be licensed by the National Bank of Moldova. A policy purchased from a company without a valid license is invalid.
Where to check: The current list of licensed market participants is published on the official website of the National Bank.
2. Clarify their specialization.
Insurance companies are strong in various areas. Choose based on your needs:
- Car Insurance (RCA, Green Card, CASCO): The market leaders in terms of payout volume are traditionally Asterra Group, Donaris (part of Vienna Insurance Group), and Moldasig.
RCA (in European countries) and the CIS, often referred to as OSAGO, is mandatory civil liability insurance for motorists. This policy protects you from financial losses if you are the cause of an accident.
- What it covers: The insurance company reimburses damage you cause to other road users, including repairs to their car, damage to fences, road signs, and medical expenses for injured parties.
- What it does not cover: The policy does not cover repairs to your own car. For this, you need CASCO insurance.
- Medical insurance when traveling abroad: Consider companies like Grawe Carat or specialized assistance companies that have direct contracts with clinics.
- Property/Life Insurance: Here, it's important to look at the reinsurance share of large international syndicates (this is often the case with subsidiaries of European companies).
RCA Data information system
- Checking your insurance policy and Bonus Malus class online
- RCA insurance premium calculator (Compulsory domestic Auto Civil Liability insurance policy)
- Green Card insurance premium calculator (Compulsory insurance policy for external Auto Civil Liability)
3. Compare prices and terms
The cost of the same basic policy (for example, RCA) may vary slightly. However, chasing the lowest price is not recommended:
Use insurance aggregators in Moldova (for example, platforms like RCA.md) to compare offers from several companies at once.
Always read the insurance exclusions to see what the company is not responsible for.
4. Evaluate the convenience of the service
Claim process: Find out if you can report an accident or submit documents online without visiting the office (large companies have their own mobile apps).
Partner network: Make sure the company has a well-developed network of partner service stations (if you insure your car) or clinics (if you insure your health) throughout the country.
5. Study reviews and ratings
Look for reviews about how quickly the company pays compensation and whether it understates the amount of damage.
Ask for recommendations from friends or on specialized car forums in Moldova.
The main places where drivers in Moldova communicate:
- General Forum: Automotive Forum of Moldova - a resource for discussing brands (BMW, Mercedes, Toyota), technical issues, and repairs.
- Club Communities: BMW fans can communicate on the BMW Club Moldova portal or on the BMW Club Moldova Instagram page.
There are also highly specialized communities, such as Renault Club Moldova. - Facebook: Discussions about traffic rules, searching for spare parts, and road situations take place in large groups like Automotive Community of Moldova on Facebook or the auto-boor community Lista AutoHam Moldova.
- Buying and selling cars: 999.md classifieds - the country's largest platform for search for used and new cars.