Table of Contents
Mandatory Insurance
Car insurance mandatory. Without: €500-2,000 fine + license suspension. Much cheaper than Germany. Simple process – often same day.
Insurance Types
Third Party Only: €150-350/year (legal minimum). Fire & Theft: €200-450. Comprehensive: €350-800 (for new/expensive cars). 30-50% cheaper than Germany.
This was exactly our experience: Without: €500-2,000 fine + license suspension. Much cheaper than Germany.
– Newcomer from Hanover, in Nicosia since 2024
Providers
General Insurance, Trust, CNP, GAN Direct (online). Via insurance broker: 30 min, immediate cover. Need: passport, license, vehicle papers. CMC connects with English-speaking brokers.
Cyprus Specifics
Not valid in Northern Cyprus (buy separate at checkpoint). Left-hand drive cars: possible surcharge. Accident procedure: call police 199, fill accident report, photos, counterparty details. Repair only after insurer approval.
Car Insurance in Cyprus
Topics: Mandatory Insurance, Insurance Types, Providers
CMC Practical Tip
Without: €500-2,000 fine + license suspension.
Frequently Asked Questions
Liability: €150-350/year. Comprehensive: €350-800. Much cheaper than Germany.
Recommended – free comparison. CMC connects with English-speaking brokers. Alternative: GAN Direct online.
No for Cyprus-registered vehicles. German policy only for temporary visits with German-registered car.
Call police 199. Fill accident report. Photos. Counterparty details. Inform insurer within 48 hours. Repair only after approval.
How CMC Supports You
At CMC Certus Management Consultants, we are here for you – not only for tax and legal questions, but also for all practical topics of everyday life in Cyprus. Our team in Larnaca and Pafos knows the local conditions first-hand.
As your local contact, we handle: company formation and management, tax advisory and Non-Dom applications, ongoing bookkeeping and tax returns, support with authorities, and referrals to estate agents, lawyers, doctors and tradespeople.