For car drivers, it’s a prerequisite: car insurance. A distinction is made between motor vehicle liability insurance and comprehensive insurance. The amount of your car insurance premium depends, among other things, on your vehicle model, your place of residence and your driving habits. To find the cheapest tariff, it pays to make a comparison.
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What is car insurance?
There is no such thing as car insurance per se. the term is used colloquially to describe the various car insurance policies that serve to protect against excessive costs in the event of an accident or breakdown. The two most important insurances are the motor vehicle liability insurance and the comprehensive insurance.
What is motor liability insurance??
Motor liability insurance protects you against claims for damages from third parties. If you have an accident and injure a person and/or damage another vehicle, you do not have to pay for the damage yourself. Instead, your insurance will cover you. In many cases, this protection is absolutely necessary, because if a person is injured, high claims for damages can be made against the person who caused the accident – for example, if an accident victim suffers permanent damage. The motor vehicle liability insurance also insures you against such costs.
What is comprehensive insurance??
Motor vehicle liability insurance only pays for damage that you cause to other people with your vehicle. If, on the other hand, your car is damaged in an accident for which you are responsible, you will normally have to pay for the repairs yourself – unless you have comprehensive insurance as protection. This car insurance pays if your car is damaged, destroyed or stolen. There are two types of comprehensive insurance: partially comprehensive and fully comprehensive.
What is the difference between fully comprehensive and partially comprehensive??
Partially comprehensive insurance pays out if your car is damaged due to one of the following causes:
- Fire and explosion
- Theft and robbery
- Glass breakage
- Scorching damage to the wiring after a short circuit
- Damage caused by martens and wild animals
- Storm damage; for example, if a tree falls on your car or hail causes damage
Fully comprehensive insurance includes all the benefits of partial comprehensive insurance. In addition, it also covers you against damage caused by vandalism and against damage caused by yourself or another person. So if you cause an accident and have to take your car to the garage, the fully comprehensive insurance pays for it, but the other car insurances don’t.
Who needs car insurance?
If you have a car and want to take it for a spin, you need insurance. Every car owner who wants to use his car needs car insurance. Motor third party liability insurance is the compulsory insurance among car insurances. Without this policy you can not register your car. You have to prove that you are insured with an insurance confirmation, the so-called EVB number.
Comprehensive insurance, on the other hand, is a voluntary form of protection. Whether you should take out this insurance depends, for example, on how old your car is. For a new or relatively young car, it is usually worthwhile to have fully comprehensive insurance. After all, you would otherwise have to replace it out of your own pocket in the event of total loss or theft. However, if you have an old car that is only worth a small amount, fully comprehensive insurance is often more expensive. This does not always have to be the case. It is worthwhile to make a comparison between the costs of the partially comprehensive and fully comprehensive insurance.
you are unsure which car insurance makes sense for your car? The CLARK experts will be happy to advise you and help you compare car insurance policies.
What is the price of car insurance??
Various criteria are used to calculate premiums for car insurance:
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the insurers assign each vehicle model to a type class. This refers to how many claims there have been for this model in a given period of time. A higher type class automatically means a higher premium.
- Regional class: your place of residence also influences the cost of car insurance. In certain regions, for example, accidents can occur more frequently or more vehicles are stolen. Accordingly, you will be assigned to a regional class. : it is about you as a driver. If you drive accident-free for a longer time, the insurance rewards you with a lower premium. The following applies: a high no-claims class, also known as SF class, usually means a higher discount. The classes range from 0 (novice driver) to 35 (35 years without a claim). Every claim-free year means a higher no-claims class. If you have an accident or damage, it can also happen that you are downgraded one or more classes. No-claims classes only exist in motor vehicle liability and fully comprehensive insurance.
Other factors include the number and age of drivers, how much you drive per year, and the age of the vehicle. The parking space of your car can also influence the premium amount. A garage is usually rated positively by insurers. Parking on the street, on the other hand, represents a higher risk of damage and can therefore lead to higher premiums for car insurance.
With a deductible, you can additionally reduce your premium in the comprehensive insurance. In this case, you will always have to pay a certain portion of the damage yourself. You should compare different car insurance offers and pay attention to how high the deductible is.
How to find a cheap car insurance?
It is not only the type class, regional class and your driving behavior that influence the premiums. There are also significant differences between the providers. You can find numerous comparison portals for car insurance on the internet. To take advantage of this, you enter your place of residence online, as well as the vehicle model and information on vehicle use. You will also need to provide some information about yourself – for example, when and where you obtained your driver’s license and what your profession is. Information on previous insurance policies and whether you have already reported damage in the past is also necessary.
Often very detailed information is requested, so that the answer may take some time. You may also find it difficult to provide information in some places because you are unsure. A personal consultation can then help you find the cheapest car insurance that meets your needs. The CLARK experts will be happy to assist you. But no matter whether you want to change your insurance or take out one for the first time: the comparison of car insurance should always be free of charge for you – whether online or in person.
It pays to compare the prices of car insurance regularly?
Insurers adjust their rates every year. That’s why it makes sense to check once a year whether the tariff you have chosen is still the cheapest for you. A comparison of car insurance shows which provider best suits your needs. The comparison is also possible online, but since there are a lot of providers, the comparison quickly becomes confusing. The CLARK experts will be happy to help you find the right provider.
Can I cancel my car insurance at any time, for example, if I find a cheaper offer??
There are fixed cancellation periods for car insurance, which you can find in your contract. In many cases you can cancel your contract at the end of the year, usually with a notice period of one month until the end of the contract period, in this case 30. November of the year. You should therefore make sure that you start looking for a new provider in good time. You can, for example, inform yourself online before you decide on and conclude a contract.
If you want to cancel your contract outside the cancellation period, you can exercise a special cancellation right in some cases. This is possible in the following cases, for example:
- If the premium is increased without improving the insurance cover at the same time
- If the insurance coverage is reduced but the premium does not decrease
- If you have a claim
In the event of special termination due to a premium increase or reduction in benefits, you have one month to give notice after you have been informed of this. If you want to cancel because of a claim, you also have one month to do so. The cut-off date is the day on which the insurance company either pays or rejects the claim.
What do I have to keep in mind when giving notice?
Cancellation of car insurance is straightforward. Did you sign your contract after the 1. You can even do this by e-mail if you have completed the contract by October 2016. Make sure, however, that your provider can assign you. Use the e-mail address you used when you signed the contract, and include your contract number and postal address in the e-mail.
Older rates can be cancelled by letter, possibly with a registered letter, or by fax. Make sure that your notice reaches your insurer in time, preferably a few days before the notice period.
Expert advice
You should plan a little more time for the hull insurance. cancel your old contract only after you have signed a new one. While the vehicle liability insurance company is not usually allowed to refuse you, the comprehensive insurance company may well refuse your request for a contract. If you cancel your old provider first, you may be left without insurance coverage.
How much does car insurance cost?
It’s hard to say how much car insurance costs. The price depends on several factors. These include:
- The type class of your car
- Your place of residence in the form of the regional class
- No-claims class
- Number of drivers
- Age of the drivers
Providers weigh these factors differently – a comparison of providers is therefore highly recommended before taking out insurance or when changing provider. You can calculate a rough price online.
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