KASKO insurance is a decision many car owners keep putting off. The policy is not cheap, but a single serious accident or theft can easily cost more than several years of premiums. To decide whether KASKO makes sense for you, it helps to understand exactly what it covers and how its price is calculated.

What KASKO car insurance covers

KASKO is voluntary comprehensive car insurance that protects your own vehicle. Unlike the compulsory OCTA liability insurance, KASKO applies regardless of who caused the damage.

A standard KASKO policy typically covers:

  • Accident damage, including cases where you are at fault
  • Theft of the entire vehicle or individual parts
  • Vandalism, such as scratched paint or a slashed convertible roof
  • Natural events including hail, storms, fallen trees, or flooding
  • Collision with an animal on the road
  • Vehicle fire

Keep in mind that insurance companies structure their policies differently. With one insurer, glass damage may be included in the base cover; with another, it is sold as an add-on. When comparing KASKO insurance options, always check the scope of coverage, not just the price.

Every KASKO policy includes a deductible, which is the portion of each claim you pay yourself. A higher deductible reduces your annual premium. This trade-off is worth thinking through based on your vehicle's value and your personal financial situation.

If you purchased your car through a leasing agreement, the leasing company will almost always require KASKO as a mandatory condition. For expensive or business-use vehicles, KASKO is a practical safeguard against costs that OCTA simply does not cover.

What affects KASKO cost and how to compare quotes

KASKO is priced individually. Insurers calculate your premium based on several factors:

  • Vehicle value and age. Newer and more expensive cars attract higher premiums. For older cars with low market value, KASKO may not be financially worthwhile.
  • Driver age and experience. Young drivers with limited driving history pay more. Experienced drivers without claims history typically receive lower rates.
  • Deductible. A higher deductible means a lower annual premium. A lower deductible offers more security but costs more.
  • Where the car is kept. A vehicle stored in a locked garage carries lower theft risk, which can positively influence the price.
  • Optional add-ons. Roadside assistance, a replacement vehicle during repairs, or glass protection all increase the premium but extend your coverage.

The most effective way to find a competitive offer is to compare multiple insurers at the same time. Prices vary significantly between companies, and coverage terms are not always identical. Comparing ensures you choose a policy that fits your needs rather than just the first quote you encounter.

If you use your car seasonally or plan to sell it soon, consider short-term KASKO insurance, which lets you insure your vehicle for a specific period without paying for a full year.

If you would like to receive several KASKO quotes at once or are unsure which policy suits your situation, Agento's advisors can help you compare your options and find the right solution. The consultation is free and comes with no commitment.

Frequently Asked Questions

Is KASKO mandatory in Latvia? No, KASKO is voluntary insurance. Only OCTA is compulsory. However, if you purchased your car through a leasing agreement, the leasing company will typically require KASKO as an additional condition.
Does KASKO cover theft? Yes, in most cases KASKO covers both full vehicle theft and theft of individual parts. Exact terms depend on the insurer and the policy you choose.
How much does KASKO cost in Latvia? KASKO pricing depends on the vehicles value, age, the drivers experience, and the chosen deductible. Prices vary considerably between insurers, so comparing multiple quotes at the same time is highly recommended.
What is the difference between KASKO and OCTA? OCTA is compulsory third-party liability insurance that covers damage you cause to others in a road accident. KASKO is voluntary insurance that covers damage to or loss of your own vehicle, regardless of who is at fault.
Does KASKO cover damage if the accident was my fault? Yes, this is one of the key advantages of KASKO. Unlike OCTA, KASKO covers damage to your own vehicle even when you are responsible for the accident.