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 vehicle liability insurance?
Motor liability insurance protects you against claims for damages from third parties. If you have an accident and injure someone and/or damage another vehicle, you don’t 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. Motor vehicle liability also insures you against such costs.
What is comprehensive insurance?
Motor 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 usually 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: partial and fully comprehensive.
What is the difference between fully comprehensive and partially comprehensive?
The partial cover insurance pays if your car is damaged due to one of the following causes:
- Fire and explosion
- Theft and robbery
- Glass breakage
- Brazier damage to the wiring after a short circuit
- Marten damage and damage caused by game accidents
- Storm damage; for example, if a tree falls on your car or hail causes damage.
Comprehensive insurance includes all the benefits of partial coverage. In addition, it also covers you against damage caused by vandalism and damage caused by yourself or another person. So if you cause an accident and have to take your car to the garage, the comprehensive insurance pays for it, but the other car insurances do not.
Who needs car insurance?
If you have a car and want to take it for a spin, you need insurance. Thus, every car owner who wants to use his vehicle needs a car insurance. Third party car insurance is the compulsory insurance among car insurances. Without this policy you cannot register your car. You have to prove that you are covered with an insurance certificate, the so-called EVB number.
Comprehensive insurance, on the other hand, is voluntary. Whether you should take out this insurance depends, for example, on how old your car is. For a new or relatively young car, comprehensive insurance is usually worthwhile. After all, you would otherwise have to replace it out of your own pocket in the event of a total loss or theft. However, for an old car that is only worth a small amount, comprehensive insurance is often more expensive. However, this does not always have to be the case. It is worthwhile here to make a comparison between the costs of partial and fully comprehensive insurance.
How do I find a cheap car insurance?
Not only type class, regional class and your driving behavior influence the premiums. There are also significant differences between the providers. You can find numerous comparison portals for car insurance on the Internet. To use them, you enter your place of residence online, as well as the vehicle model and information on vehicle use. You 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 about previous insurance policies and whether you have reported damage in the past is also required.
Very detailed information is often required, so it may take some time to answer. You may also find it difficult to provide information at some points 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.
Is it worthwhile to regularly compare car insurance prices?
Insurance companies adjust their rates every year. Therefore, it makes sense to check once a year whether the chosen rate is still the cheapest for you. A comparison of car insurance shows which provider best suits one’s 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 have found 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 term, in this case November 30 of the year. So you should make sure that you take care of finding a new provider in time. For example, you can find out more online before you decide on and sign a contract.
- If you want to terminate your contract outside the notice period, you can exercise a special right of termination in some cases. This is possible, for example, in the following cases:
- if the premium is increased without improving the insurance coverage at the same time
- if the insurance coverage is reduced, but the premium does not decrease
- if you have had a claim
In case of a special cancellation due to a premium increase or a reduction of benefits, you have one month to cancel after you have been informed about it. If you want to cancel because of a claim, you also have one month to do so. The effective date is the day on which the insurance company has either paid or rejected the claim.
What do I have to consider when terminating my insurance?
Cancelling your car insurance is uncomplicated. If you took out your tariff after October 1, 2016, you can even do so by e-mail. However, make sure that your provider can identify you. Use the e-mail address you used when you signed the contract, and also include your contract number and postal address in the e-mail.
Older rates can be cancelled by letter, possibly by registered mail, or by fax. Make sure that your cancellation reaches your insurer in good time, i.e. preferably a few days before the cancellation deadline.