Car insurance comparison

Why is the insurance comparison useful?

Every insurance company rates you, ie your vehicle, the years without damage and you as a driver differently. Accordingly, more or less large price differences are part of everyday life when comparing car insurance. In addition, there are in many cases different levels of deductibles that can be selected and reduce the premium.

Last but not least novice drivers should use the comparison in order to rummage through the tariff details of the individual companies. Some insurance offers discounts on driving safety training, many a discount saver from the age of 23 or 25 years.

Does the liability insurance have to be completed in any case?

Yes, because according to § 1 compulsory insurance law (PflVG) you have to prove the admission insurance coverage with a certain minimum amount. You will also be spoiled for choice here, because thanks to the obligation to contract, every insurance company must accept your claim for liability insurance.

There are exceptions only at termination by the insurance itself, after a damage has occurred. Or if it was pronounced after a continuous premium delay.

What should be considered when changing insurance?

The general termination date for the motor insurance is 31.12. one year. The termination must be done with one month’s notice, ie until 30.11. one year at the insurer. More about this can be found in our tips for termination.

Can I benefit from special rates?

The fact is that retirees and novice drivers in particular are an increased risk for insurance companies. You will therefore have to expect to have to pay a premium premium to the premium. Of course, things look different with many insurance years without damage – that is, when a high non-pecuniary discount applies.

There are special rates in the form for employees in the public sector: Depending on insurance, ten to 30 percent discount is granted. In addition, farmers are among the privileged. If you are driving alone, there may be a single driver discount. The same applies to certain groups of users, that is, if they only carry certain people by car. In addition, a low annual mileage impact on the tariff.

When do I have insurance coverage?

By sending the electronic insurance confirmation (eVB) you have a provisional insurance commitment from your insurer. The insurance cover then begins with the submission of the electronic insurance confirmation (or the eVB Code) at the vehicle registration office and the registration of the vehicle.

What’s up with the eVB number?

The abbreviation stands for “electronic confirmation of insurance” and is valid as proof of a minimum cover in the motor vehicle liability insurance. You must present them whenever you first bring a vehicle or make changes to the vehicle itself.

Without the eVB number no approval can be given. It consists of seven characters, which can consist of numbers or letters. If you use the car insurance comparison, you will receive a provisional confirmation of insurance. It is only valid for six months, because only then does the final conclusion lead to a permanent eVB number. In the case of comprehensive insurance, there is no electronic confirmation of insurance in the form.

How do I get my eVB number?

If you apply for your car insurance via FinanceScout24 after the comparison, you will receive your eVB number from the selected insurer either by e-mail or by post.

Do already registered vehicles have to be re-registered when changing insurance with a new eVB number?

No, this is not necessary. Your data will be sent to the new insurer after you have submitted your application and you will receive an insurance certificate from the latter. The new insurer automatically sends a new eVB number to the Admission Board.

What exactly is the no-claims discount?

The principle here is that the longer you were insured without any damage, the higher your non-pecuniary discount would be. It is given in the form of the SF class. It has a meaning in liability and comprehensive insurance, but not in the partial coverage.

There is a certain contribution rate behind each SF class, and it varies from one society to another. How exactly it turns out, you can learn about the insurance conditions. In the meantime, SF classes up to SF 35 are calculated, as long-term statistical values ​​are assumed. KL 0 means that the license is less than three years old. SF ½ is accordingly the first real SF class, after that SF 1 is valid for a non-damaging year, etc.

Do I have insurance cover abroad?

Car insurance gives you insurance coverage in Europe and in the non-European areas mentioned on the green card for travel abroad.

What is the Green Card?

The Green Insurance Card helps with claims settlement in all countries and is also very helpful within the European Union.

You should always take the green insurance card with you when traveling in other European countries. The Green Card is required to be taken in Bosnia and Herzegovina, Latvia, Malta, Iceland, Albania, Bulgaria, Estonia, Macedonia, Poland, Romania and Ukraine. For Turkey, the green card is required. If you forget the map or the country code is not correctly listed, you have to take out a border insurance (this can be purchased in the competent Land border customs office).

Is the conclusion of an occupational accident insurance useful?

The conclusion of an occupational accident insurance is not necessarily recommended. In the event of an accident, all persons injured will be compensated by the liability insurance of the accident causer. In a self-inflicted accident, this also applies to the occupants of their own vehicle. Only the driver does not enjoy insurance coverage for a self-inflicted accident.

The only problem is therefore accidents where the question of guilt can not be clarified. However, private accident insurance with 24-hour coverage and a slightly higher premium offer the better benefits for this risk.

Is it correct that one should exclude full insurance after three years?

In general, this rule of thumb is correct, as comprehensive insurance is relatively expensive and the car has already lost considerable value after three years. However, with a high damage waiver discount in comprehensive insurance, a continuation over three years is still recommended.

What coverage is there in motor liability insurance?

The statutory minimum cover in motor vehicle liability insurance includes:

  • 7.5 million euros for personal injury
  • 1 million euros for property damage
  • 50,000 euros for financial losses

In practice, insurers usually offer cover of a flat rate of € 50 or € 100 million, with personal injury benefits usually limited to € 8 million per injured person. In the event of a loss event, insurances do not pay more than the insured sum agreed in your insurance contract. If higher claims are made against you, your private assets will be used. Particularly in the case of personal injury, which, for example, not only results in expensive medical treatment but also in life-long disability, can result in very high demands. For this reason, most motorists opt for higher coverage.

Is the car insurance tax deductible?

Yes, you can deduct the insurance tax – but only the statutory motor insurance. Unless they are business expenses or income-related expenses, the contributions actually paid are classified as special expenses. For trips to the workplace and other individual cases special regulations apply. Your tax adviser can tell you more about that.

What do you have to pay attention to when settling claims?

On the one hand it is about the driving readiness of the car. Whether the vehicle is ready to drive or not, can only judge an expert or the workshop. Unless it is roadworthy, there is usually the highest compensation. From the opinion of a car expert also results of the time (the purchase price of the car before the accident plus the VAT) and residual value (the selling price of the damaged car after the accident) of the car. The second value is deducted from the first and so the compensation amount is determined. The time value of older cars should be calculated without deduction of VAT (19 percent) because they are no longer available to buy in the car market.

When settling claims, the date of the first registration and the mileage of the vehicle also play an important role: If the car is not older than 5 years and its mileage is less than 100,000 km, the owner is entitled to compensation for the reduced value.