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.