"The Georgian government's short-term legislative agenda for the spring 2026 parliamentary session envisages that civil liability insurance might be made mandatory for vehicle owners. Consequently, every vehicle owner would be obligated to obtain an insurance policy and pay a premium."
On Commersant radio, Devi Khechinashvili, President of the Insurance Association, welcomed the news, calling it a crucial step in developing the nation's insurance culture.
“We have been struggling with this issue for 20 years. Over the past two years, the process has become much more organized, and I believe that the fact it is already included in the discussions of the spring parliamentary session gives hope. Last year, the government developed a bill that now must be presented to parliament. It was not introduced by someone, nor was it lobbied for adoption. This bill aims at
creating a new system; it is not a mandatory requirement for everyone to buy insurance. It is a system that should guarantee compensation for all damages resulting from road traffic accidents. Thus, numerous agreements are required between organizations and the Ministry of Internal Affairs. This is a law of very high social protection,” notes Devi Khechinashvili.
At this stage, Devi Khechinashvili can't really specify how much the mandatory insurance will cost, but he thinks the monthly fee will be roughly 20-25 GEL.
“It is very difficult to talk about the price right now because we do not know the specific obligations included in the draft law. We also do not know what the legislator will agree to. "But I have a formula I've used for years: '4 canisters of gasoline per year,' probably 250 GEL annually. We'll see. that's likely 20-25 GEL a month," - says Devi Khechinashvili.
