What does car insurance cost?

Are there different costs per coverage?

The cost of your car insurance depends on the coverage you choose.

There are three standard forms of insurance. When taking out a car insurance policy, you can choose between the following coverages:

• Third Party Insurance
• WA Limited Casco
• All-risk insurance

The different types of insurance are briefly explained below.

A third-party insurance only offers coverage against liability damage. The insurer will therefore compensate damage caused to others. Damage to your own car is not covered by this insurance. For cars of 10 years or older, often only the obligatory third-party insurance is chosen. However, it can also be wise to choose a more extensive coverage for these cars.

The limited hull insurance is an addition to the compulsory third-party car insurance. A good alternative with a broader coverage is the WA limited casco. Not only the damage done to others is covered, but also damage caused by:

• Collision with stray animals
• Hail and storm
• Lightning
• Fire and explosion
• Window breakage
• Theft
• Theft attempt

The damages that are claimed on the limited casco part of the insurance do not affect the claim-free years. For cars from 6 to 10 years old, the WA limited case is often chosen. The most logical choice for new cars is the WA-casco(all risk) insurance.

The biggest difference in coverage with the WA limited casco is that with an all-risk insurance your own collision damage is also compensated by your own insurer. Vandalism damage is also insured with an all-risk insurance.

Get car insurance? Calculate your premium!

Determining factors

Important premium determining factors are:

• The selected coverage
• The number of claim-free years you have accumulated
• Your age
• Your postal code

Has car insurance become more expensive for the young and old?

The fact that the cost of car insurance is higher for young people has to do with, among other things, the claim-free years that they have not yet accumulated. Insurers can also substantiate with figures that both young and old people cause more damage. Research by an insurer shows that motorists aged 81 or older are seven times more likely to have an accident than motorists between 61 and 65. Therefore, people in their sixties usually pay a favourable premium for the insurance. On average, older drivers pay €5 to €10 more per month compared to younger drivers. With certain insurers, people over 75 can no longer take out a car insurance policy. They can stay insured, but they are not eligible for a new car insurance.

Can I compare car insurance costs?

When choosing car insurance, it is important that you compare different insurers. After all, you have dozens of insurers to choose from. If one insurer is too expensive, choose another cheaper insurer. Comparing car insurance is important. You will thus ensure that the cost of your car insurance is not too high.