Car insurance in Germany is one of the mandatory laws required by the state on those in its territory. Vehicles must be insured because this is according to the law in Germany,The best car insurance company in Germany for the year 2023 so that it is not possible to drive on public roads without vehicle liability insurance, because car insurance is responsible for paying the price of damage caused to others, in addition to that comprehensive insurance covers all self-damage and the consequences of vandalism.
Germany is also considered one of the European countries that give a lot of guarantees to drivers because they are obligated to insure their cars. Of course, there are more than one type of these insurances that differ according to the age and type of the car, and the insurance conditions also differ from one company to another.
Types of car insurance in Germany
Car insurance 64%, home contents insurance 59%, legal protection 41% and accident insurance 39% are among the most frequently obtained insurance policies in Germany.
There are three main types of German car insurance:
Compulsory or third party insurance (“Kfz-Haftpflichtversicherung”).
Partial insurance “Teilkaskoversicherung”.
Comprehensive insurance (Vollkaskoversicherung).
Compulsory insurance “Kfz-Haftpflichtversicherung”
This type of compulsory insurance for every person who drives a car in Germany. In the event of an accident, this insurance covers all damages to the other party, as well as covering the medical costs of the other affected party, but does not guarantee special damages.
Partial insurance “Teilkaskoversicherung”
This type of car insurance in Germany covers everything that happens to the affected party, in addition to some costs related to damage to the vehicle of the same person, such as theft in addition to fire and storm damage. Also, if a car was exposed to natural damage and not accidents such as: theft or broken glass, however, it does not cover vandalism or any costs related to accidents that are the fault of the person.
Comprehensive insurance (“Vollkaskoversicherung”).
The best car insurance company in Germany for the year 2023 This type of car insurance in Germany guarantees coverage of all costs for the injured party, as well as all expenses incurred by the driver himself, and also covers additional costs such as disability and death resulting from the accident.
Types of car insurance in Germany
Types of car insurance in Germany
Additional forms of car insurance in Germany
You can get additional, optional forms of car insurance in Germany. Most insurance companies will offer several add-ons including:
The best car insurance company in Germany for the year 2023 Breakdown Insurance: Covers the costs of towing a car in the event of a roadside breakdown. Sometimes it also includes vehicle replacement costs and transportation costs for sick or injured people.
Legal Insurance: Covers legal expenses in the event of an accident and going to court.
Additional Equipment Coverage: If a person carries expensive equipment in their vehicle, you can cover the costs of damage or theft if they pay a higher premium.
Extended Primary Damage: If a person lives or travels near mountainous areas, they may need protection against damage risks from avalanches or heavy snowfalls.
Car insurance costs in Germany
The best car insurance company in Germany for the year 2023 Car insurance costs in Germany depend on a number of different factors including:
- driver age.
- Driver experience and registration.
- car value.
- The number of insured drivers.
- Location, the larger cities the cost of damage is greater.
- car use
- Vehicle type and size.
- The quality of service in the company, its size and reputation.
- Engine size and power.
- The number of kilometers traveled annually and there is a minimum number of kilometers driven.
- Lifetime driver’s license.
- The age and place of residence of the insured person.
- Model and year of manufacture.
- The percentage of accidents for the insured person.
- The type of fuel used.
- The best car insurance company in Germany for the year 2023 The cost of insurance increases as the
- horsepower of the car increases, because cars with strong horsepower have a higher value, but this is not
- always the case and this rule cannot be generalized.
- Car insurance costs in Germany
- Car insurance costs in Germany
- Discounts from car insurance companies in Germany
The best car insurance company in Germany for the year 2023 Car insurance in Germany varies from one company to another. As the percentage of non-claims increases the longer the period of driving the car without accidents, as a percentage is allocated for each category. This percentage ranges from 20 to 245 percent. It is also preferable to get acquainted with all the advantages before signing insurance contracts with a specific company.
Choosing car insurance in Germany
Regardless of the cost of the premiums that are paid to the insurance company, there are many different factors that we must pay attention to when obtaining car insurance, which are:
No Claims Bonus: What discounts are offered and what is the policy for transferring rewards from elsewhere?
Standard coverage: What does standard coverage not cover, can it be added on if needed, and what is the cost?
Deductible Excess Options: What is the mandatory excess and what are the options for increasing it?
Company reputation: How does the company perform in reviews and what do customer reviews and ratings look like?
Claims process: How straightforward is it, what does it involve and what does the feedback say about how it works in practice?
Roadside assistance: Does the company have a good breakdown assistance policy?
Obtaining car insurance in Germany
To obtain car insurance in Germany, you must provide the following:
The person’s German driver’s license number.
Passport or personal ID.
Your other personal information related to your driving history.
German bank account details if paying by direct debit.
Documents related to the purchase of the car that some insurance companies may require.
