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What is the price of liability insurance?

Are you considering taking out liability insurance? Then you are probably wondering what the price of liability insurance is.

With a liability you are insured for damage you cause to another person. An accident is sometimes in a small corner. For example, you might drop a glass of red wine on your friend's carpet. Or you might accidentally knock an expensive cheese off a neighbour's table. Personal injury is also more common than you might think. The costs for personal injury can be substantial. Without insurance, you may run into financial difficulties. With a liability insurance you do not have to worry about this. Here we will discuss the price of liability insurance in more detail.

How is the price of liability insurance determined?

The price of liability insurance depends on a number of factors. When calculating the premium, an insurer takes the following factors into account:

  • Family composition
    The premium for a single person is lower than the premium for a family because the insurer has less risk.
  • The amount of the deductible
    The higher the deductible, the more premium discount you get. With a higher deductible, you do pay a higher amount yourself in case of damage.
  • The amount of the insured amount
    You can choose the amount of the insured amount. You often have a choice of insured amounts.

Does something change in your personal situation? Are you getting married, divorced or getting a child, for example? Or do you want to change the deductible or the insured amount. In that case, the premium may also change. You should therefore always inform the insurer of any changes.

liability insurance price

What is the average price of liability insurance?

The average price of liability insurance is different for everyone. It depends on the above mentioned factors. A single person without children will pay less than a family with children. The insurer looks at the risk of damage. Children are a risk factor, because they are often impetuous and unpredictable.

Take out liability insurance? Calculate the premium directly!

To give you a better idea of the price of legal expenses insurance, we have calculated the premium for four different situations:

 

Family composition Own risk Sum insured Premium per month
Single without children €500 €1.000.000 €4,22
Family with children €500 €1.000.000 €5,95
Single without children €0 €2.500.000 €4,80
Family with children €0 €2.500.000 €7,00

Compare prices of liability insurances with our handy comparison tool

The best way to calculate the price of your liability insurance is to use our online comparison tool. You enter a number of personal details, such as your postcode, date of birth and family composition. Then you choose the excess and the insured amount. You will then receive an overview of all the providers that meet your requirements.

Do you want to save on the price of your liability insurance? Then you may be able to make use of package discounts. Package discount means that you get a discount when you take out multiple insurances from the same insurer. For instance, home insurance, building insurance or legal assistance insurance.

Calculate the premium for liability insurance online!

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