The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published consumer guidance explaining voluntary motor insurance (KASKO), including what it covers and how it differs from mandatory civil liability insurance for damage caused to third parties. KASKO is described as covering losses from damage to or loss of the insured’s own vehicle due to risks such as theft, road traffic accidents (including where the owner is at fault), natural disasters, fire and other events. The note highlights key factors affecting the KASKO premium, including the scope of insured risks (limited packages versus expanded coverage), add-on options such as towing services and the ability to receive a payout without providing certificates from competent authorities, vehicle characteristics (make, model and year, plus theft and repair cost profiles), and policyholder information such as age and driving experience. It also indicates that insuring hybrid and electric vehicles may cost 10–35% more due to higher parts costs, particularly batteries, and that commercial use (for example as a taxi) can increase premiums. To reduce cost without losing protection quality, it points to policies with deductibles (franchises), limiting the list of authorised drivers, and choosing partial KASKO that covers only the most important risks such as theft or total loss, alongside a reminder to review the contract carefully before signing.

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