CAR INSURANCE: HOW IT WORKS?

More than an obligation, auto insurance is a guarantee of safety in case of accident or vehicle theft.

The car insurance is mandatory for all owners or drivers of a vehicle, in liability insurance aspect. In case of accident, auto insurance will protect the interests of injured in the accident.

WHAT COVERS CAR INSURANCE?

The motor insurance cover depends on the policyholder order, you can choose between different types of coverage, in addition to basic coverage. 

The compulsory insurance guarantees payment of compensation for damage caused to third parties and transported persons, except the driver of the vehicle. 

The additional cover may consist of protection against theft or robbery, legal protection, own damage coverage, glass breakage, natural disasters, fires, explosions, etc.

WHAT VARIES THE PRICE OF CAR INSURANCE?

Each insurer may present their own prices. Some factors that may vary the premium car insurance are:

• the vehicle characteristics (light passenger or goods, displacement, fuel) and its commercial value,
• the age of the driver (with penalties for drivers under 25 years and letter less than two)
• the residence zone (higher rates in big cities)
• the parking place (parking on the street is more expensive than own garage)

WHAT TO TAKE INTO ACCOUNT BEFORE CHOOSING THE CAR INSURANCE?

To find out what the best car insurance for you must do simulations auto insurance and request all relevant information to insurance to the insurance, the risks actually covered and their cover prices, the franchise, the penalties and bonuses of the prize, countries where the insurance is valid, etc.

WHAT IS THE DEDUCTIBLE?

The deductible is the amount for which the policyholder is responsible in case of accident. The lower the deductible, the more expensive the insurance. Conversely, the larger the excess, the lower will be the cost of insurance. If the value of the car that crashed into by the insured's fault for eg € 15,000, the deductible of 2% (300 €), and the value of the repair of € 200, the repair will be borne by the insured. If the repair cost 400 €, the insurer already has to pay 100 €.Learn more about the franchise car insurance .

CAR INSURANCE AGAINST ALL RISKS

There is no auto insurance to cover all risks. Yes there is, the insurance that covers own damage that can be hired in addition to the liability insurance, which is mandatory.

CAR INSURANCE ON BEHALF OF ANOTHER PERSON. IT'S POSSIBLE?

Yes, it is. You can have your car insurance on behalf of another person , according to the law (paragraph 1 of article 6 of Decree Law 291/2007 on the Insurance Scheme Liability Compulsory Automobile).

AND A MONTHLY CAR INSURANCE?

There are car insurance short term or temporary . With regard to traditional insurance, there are insurance companies that also offer the possibility to make the payment of your insurance monthly .