Cost of Car Insurance in Cyprus
Annual premiums for third-party and comprehensive cover.
Updated April 2026
Car insurance in Cyprus is mandatory and remarkably cheap compared to the UK or US.
Insurance Prices
Third-party only€150 – €300/yr
Third-party, fire & theft€250 – €450/yr
Comprehensive (small car)€400 – €700/yr
Comprehensive (mid-range)€600 – €1,000/yr
Comprehensive (premium/SUV)€800 – €1,500/yr
From a local: I pay about €200/year for third-party. For a car that’s not brand new, third-party is pragmatic — repair costs here are low enough that comprehensive doesn’t always make sense unless your car is worth €15,000+.
UK comparison: Average UK insurance is £500-700+ (€590-825). Cyprus comprehensive cover is often 40-60% less.