European car insurance | Everything you need to know about this insurance
The main purpose of car insurance is to cover property damage and/or bodily injury that your vehicle may cause to others. Depending on the coverage taken out, it can also cover :
the material damage suffered by your Cars, but also on all your damaged goods.
your own bodily injuries resulting from a traffic accident (hospitalization, work stoppage, etc.).
Note: not all insurance contracts offer equivalent coverage. To be effectively protected, it is essential to choose your coverage carefully.
What are the different types of car insurance?
Today, there are three main types of car insurance contracts:
1-third party insurance, which is the minimum level of protection required in France, allows you to compensate for all the damage your vehicle may cause to others. However, the driver of the vehicle, who is responsible for the accident, as well as the vehicle itself, will not be covered for the damage suffered.
2-The enriched third party insurance includes the guarantees of the third party insurance completed with some specific clauses. These clauses will be determined at the time of signing the contract. They will offer wider protection to face a certain number of risks, such as theft, fire, glass breakage, and natural disasters.
3-all risks insurance is the most complete insurance. It guarantees the owner the best possible coverage against the risks incurred by his vehicle, including in the event of an at-fault accident. It can also take into account, for example, damage caused by vandalism. It also allows you to choose the type of compensation in case of total destruction of the vehicle, such as replacement at purchase value.
Can I insure my car in another country?
Cars must be registered in the country of residence of the policyholder and/or the owner of the car. And, as long as the registration is valid, they can be insured by an insurance company established in the country of registration or in any other country of the Union.
How to ensure a French car in Spain?
It is possible to ensure a Car is registered in France for a period of 3 months if you take the necessary steps to change the plates at the “Jefatura Provincial del trafico “(equivalent to your prefecture). A document attesting to this procedure will be given to you and will be requested by your insurer.
How to ensure a French car in Italy?
If you stay in Italy for more than 12 months, you will have to register your car in order to ensure it and drive it legally. You will receive an Italian license plate and this will allow you to ensure the Cars with an Italian insurance company.
How to ensure an English car in France?
Between the two, to ensure an English car in France, you can very well opt for an intermediate third-party contract. This is a normal third-party contract in which you can add the guarantees you want. Everything depends on the proposals of the insurer in question.
Why are insurance policies increasing in 2022?
The main reason for the increase is the price of spare parts. There are several explanations for the increase in the price of car parts, including the increase in SUVs, which are composed of increasingly sophisticated parts.
When does car insurance go down?
In simple terms, your car insurance premium goes down by 5% every year if you don’t have an at-fault accident. There is a ceiling after 13 years of bonus, the reduction coefficient is frozen at 0.5. This means that you only pay half of your initial premium.