What does group discount on car insurance mean?

On a car insurance you can get a discount if your employer or organization has made collective agreements with an insurance company. This is also called group discount mentioned. What exactly does it entail and in what situations can you get it?

Collectivity discount on company cars

The premium for group car insurance is usually lower than the premium for regular car insurance. This makes it attractive to purchase group car insurance, especially for companies. However, this form of insurance is not offered by every insurance company. There are many companies that own multiple cars. When they choose to take out group car insurance, the premium is generally lower. Furthermore, agreements are made about the premium, deductible, terms and conditions and coverage. This is recorded in a so-called group insurance policy.

The coverages for group car insurance are basically the standard coverages for car insurance, namely: third-party, third-party limited collision and all-risk.

Private car with group discount

Companies can choose to collectively insure not only company cars, but also private cars of employees, for example. Here it is sometimes even possible to include the car of other family members in the insurance. When companies insure both company and private cars collectively, this is called mixed collectivity. Employees (and any family members) pay the premium directly to the insurer. Claims also go through the insurer, without the intervention of the employer.

Premium determinants

When you purchase group car insurance, a number of things play an important role in determining the premium. These include the number of cars to be insured, the types of vehicles and any items being transported.

Collective car insurance

Collective auto insurance doesn't just save you money. It also saves an insurance company time and money because they can easily review multiple contracts at once.
Because insurance companies incur fewer costs with group car insurance, they are generally in favor of purchasing group car insurance.

Want more information about group car insurance and whether it's a good option for you? Then get in touch with us. We are happy to help! Even if you have other questions regarding car insurance, we are happy to help you. You can reach us from Monday to Friday between 08:00 and 18:00 on telephone number 088-6883700.