How much does liability insurance cost?
Liability insurance is not required, but it is a good idea to get it. The cost of liability insurance depends on a number of factors. For example, your household composition, any deductible, and the maximum amount you are insured for per incident are all factors that determine the premium.
Costs of Liability Insurance
With personal liability insurance (AVP), you’re covered for damage you cause to others. This includes damage caused, for example, by knocking over your neighbor’s antique vase or causing bodily injury. The costs associated with personal injury, for instance, can quickly add up. If you are not insured for this, it can have serious consequences. The cost of liability insurance is nothing compared to these potential expenses.
What is the average cost of liability insurance?
This question isn’t that easy to answer, since the cost of liability insurance depends on various factors. For example, a single person without children will pay less than a family with children. The insurer, of course, assesses the risk of damage. Children are a risk factor in this regard, as they are often boisterous and unpredictable. The average cost of liability insurance ranges from €6 to €8* per month. A single person without children pays an average of €3 to €5* per month.
*This is an estimate. To calculate the exact cost, please use the calculation tool on our website.
Liability Insurance Costs: How They Are Calculated
There are a number of factorsthat determine the premium for liability insurance. These include the factors that the insurer takes into account when calculating the premium:
– the amount of the deductible (the higher the deductible, the greater the “discount” you receive on the premium)
– household composition (the premium for a single person is lower than for a family, because the insurer assumes less risk)
– the amount of coverage (you often have the choice between two different coverage amounts)
If you want to change any of the above details, your insurance premium will change. It may go up, but it may also go down.
Package discount
At Alpina, we work with several providers when it comes to liability insurance. This means you can compare different providers with us as well. Most insurers offer you a discount if you also purchase other types of insurance from them—such as contents, home, and legal expense insurance. This is called a package discount. This, too, could influence your decision.
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