Car insurance - what misunderstandings are there?

Partly because of misunderstandings about car insurance, many car owners are afraid to switch. A shame, because they miss out on a lot of money. We would like to clarify a number of misunderstandings. We hope this will remove obstacles to switching.

Third-party comprehensive car insurance is the best choice?

The All Risk is the car insurance with the broadest coverage. Damage caused by a traffic accident for which you are liable, your insurer will pay out. Not only the damage to the other party, but also your own damage will be paid out. If your car has a limited daily value , the WA-casco car insurance will not pay out. This is because the premium is based on the new value. In case of damage, on the other hand, the daily value is taken into account.

Other insurers take over your claim-free years

There are often misunderstandings about this. Do you have a high discount with your current insurance policy? This is due to accrued claim-free years. When switching to another car insurance, you also take the accrued claim-free years with you. So the claim-free years are not lost.

Will I be accepted by another insurer?

You compare car insurance online and take out a policy online. Within a few minutes after applying for the insurance you will receive a confirmation in your mailbox. Possibly this is first a provisional coverage. Within a few days you will receive the final policy from the new insurer. If necessary, you can ask the current insurer to cancel the car insurance as of the first of the following month. The new car insurance will take effect on this date. This way you have time to arrange the cancellation with the current insurer.

Misunderstandings about canceling car insurance

Cancellation is done by sending a letter to the current insurer. Officially you have to send a registered letter, but nowadays it can be simpler. You can simply scan a signed termination letter and send it digitally to the insurer. To make sure that the cancellation is in order, you can call the insurer a few days later to ask whether the cancellation has gone through.

Claim-free driving is not the same as claim-free years

This is one of the most persistent misconceptions. Someone who has had a driver's license for 30 years and has never caused a claim does not necessarily have 30 claim-free years. You accrue claim-free years by having car insurance in your name. When not claiming damages, you build up claim-free years. One claim can cause you to lose five years right away.

Don't let these misunderstandings keep you from switching. It's a shame that you're wasting money because of these misunderstandings.