Liability vs CASCO

Car value × risk → what's economically justified

Parameters

Car value, UAH

Liability/yr, UAH

CASCO/yr, UAH

Serious damage risk/yr, %

Liability covers YOUR responsibility to others (limits ~160k property/320k health in Ukraine) — it does NOT repair your car. CASCO covers your car (theft, accidents, natural events). Economically CASCO is justified when car value × annual risk > premium — for cars >300k and daily driving almost always. Partial CASCO (theft+total only) is a compromise at ~2–3% of value.

Comparison

Expected loss/yr: 24 000 грн
CASCO, % of value: 4.5%
Expected CASCO benefit: +6 000 грн