Payment methods and fees
You can choose to pay your insurance either by receiving a payment request at your bank or by paying with a credit card according to an installment agreement. Choose a payment method.
Payment distribution
Companies and individuals in the VÍS loyalty program (bronze, silver, gold, and diamond) receive a 40% discount on the cost of payment distribution.
With a 40% discount, the annual interest rate is 6.9%; only the copper loyalty tier is based on an 11.5% annual interest rate. The cost of payment distribution is calculated as a percentage of the total price.
You can check your status in the loyalty program in the VÍS app.
The price list is valid from November 1, 2022.
Payment fee
No payment fee applies for automatic credit card debits.
The payment fee for claims issued through online banking is 190 ISK.
The payment fee for payment slips sent by mail is 390 ISK.
Collection costs
Penalty interest is charged in accordance with penalty interest rates published by the Central Bank of Iceland.
Collection process begins when an invoice is five days overdue.
Motus and Lögheimtan collect overdue premiums for VIS. The cost of collection letters is in accordance with the price schedule of Motus and Lögheimtan.
Payment distribution
Companies and individuals in the VÍS loyalty program (bronze, silver, gold, and diamond) receive a 40% discount on the cost of payment distribution.
With a 40% discount, the annual interest rate is 6.9%; only the copper loyalty tier is based on an 11.5% annual interest rate. The cost of payment distribution is calculated as a percentage of the total price.
You can check your status in the loyalty program in the VÍS app.
The price list is valid from November 1, 2022.
Payment fee
No payment fee applies for automatic credit card debits.
The payment fee for claims issued through online banking is 190 ISK.
The payment fee for payment slips sent by mail is 390 ISK.
Collection costs
Penalty interest is charged in accordance with penalty interest rates published by the Central Bank of Iceland.
Collection process begins when an invoice is five days overdue.
Motus and Lögheimtan collect overdue premiums for VIS. The cost of collection letters is in accordance with the price schedule of Motus and Lögheimtan.