Insuring a New Car: What's Involved?

Why is it important to insure a new car?

Insurance for your new car is extremely important. Before you pick up your new car, you must make sure it is insured. As soon as the car is registered in your name, it must be insured. Driving without insurance can not only result in a fine, but can also lead to much greater financial problems. If you cause an accident with an uninsured car, the financial consequences can be incalculable.

It’s nice to have good car insurance, especially when you’ve just bought a new car. A solid car insurance policy for a new car not only offers many benefits—it’s also important. We’ve listed a few points for you that highlight the importance of getting good insurance.

• New cars are often expensive. This means it’s a good idea to have the best possible coverage in case of damage (such as limited comprehensive or even all-risk coverage).
• You’ve just bought a brand-new car. You’re probably driving extra carefully right now. That’s completely understandable. The great thing about good car insurance is that it gives you peace of mind. If you get into an accident, you’re covered in most cases.
• You must comply with legal insurance requirements. Without auto insurance, you are not allowed to drive your new car on public roads. In fact, the car is not allowed to be on the road without insurance. This refers to liability insurance.
• With good auto insurance, you can count on the best support. You’ve bought a new car. With the right insurer, you can count on smooth communication and support.

Limited Comprehensive Auto Insurance

This insurance policy is a supplemental plan to the mandatory liability insurance. It now also covers certain instances of damage to your own vehicle. This is definitely recommended when insuring a new car. Learn more about limited comprehensive coverage.

Comprehensive Auto Insurance

Do you want to hit the road with your new car and feel completely safe? With comprehensive insurance, your car is covered as fully as possible. This type of insurance is also known as “full coverage ” (as opposed to “limited coverage” insurance). Want to learn more? Click here.

How much is your premium? Assessing Risks When Insuring a New Car

First of all, the top three insurance options listed above affect your premium. For example, the premium for comprehensive insurance is higher than that for liability insurance. In addition, the following factors, among others, are taken into account when calculating the premium:

• Your age. The premium for insuring a new car is higher if you are (significantly) younger. An 18-year-old who has just obtained a Class B driver’s license will have to pay a higher premium.
• The insurer must assess risks when insuring your new car. How likely are you to file a claim? If you have a history of claims, your premium will be higher. This is because the risk of insuring you is greater.
• The type of vehicle. In most cases, a brand-new car is more expensive than a used car. Are you also insuring the car against theft? If so, expect to pay a higher premium when insuring a new car, since the risk of theft is greater.

Ultimately, the insurer always considers the circumstances of each case when calculating a premium. How much is your premium? Calculate your premium with Alpina.

How does accumulating claim-free years affect your auto insurance premium?

Did you know that it’s possible to pay a lower premium over the years? When you insure your new car, it works to your advantage if you drive accident-free. By accumulating accident-free years, the insurer gains “more confidence” in you, and the risk of insuring your car will be assessed as lower.

Would you like to insure a new car? Do you have any questions? Alpina is here to help.

Hopefully, this article has given you a better idea of what to expect when insuring a new car. Do you still have questions after reading this article? Please don’t hesitate to contact us. Fill out our contact form or call us directly at 088 – 688 3710. Our specialists are here to help you get started. Of course, you can also calculate your car insurance premium right away. That way, you’ll know exactly where you stand!