Those traveling to Europe are well advised to be armed with appropriate car insurance, as it has empirically been observed that countries like Germany and France are especially notorious in terms of having very steep and high claims due to road mishaps. This has been not only observed, but also documented clearly, which indicates that people should be wary of these claims.
Aviva has conducted studies which reveal the fact that in France, the average claims due to personal injury are as high as ? 10,000, whereas if someone crashed in Germany, the cist on an average comes to ?2,940. This is about 50% more than what a crash in any other part of Germany would entail.
When it comes to the British, they have to be wary of car claims all over Europe in fact as third party claims have gone up by 10 percent and by 20 percent for personal injury claims. Thus, there has been some inflation in car insurance rates recently.
Is British car insurance adequate for Europe?
It is quite wrong for British drivers to assume that their UL car insurance will cover them adequately in Europe as well. Such an assumption is erroneous as in most cases comprehensive car insurance in Britain is at best enough for very basic cover in Europe only.
Those who wish to avail car insurance cover valid for the whole of Europe would have to make sure that they have the cover. This is possible by checking with the insurer and in most cases one can upgrade their insurance in order to be valid in the continent, just as well as it is applicable for the UK. An upgrade amount has to be paid, which could typically be in the range of ?20.
One you have taken the car insurance that you need, you may have to also check the time period for which the insurance is valid in the continent of Europe. In some of the cases, this insurance may be valid for a period of ninety days, whereas in the majority of cases, it may turn out that it is valid for just a short period of time.
How to afford European Car Insurance Economically?
Car insurance for Europe costs extra money. If you want to circumvent this, it may be prudent to cut down on you current insurance expenses smartly. You can get discounts if you tell your car insurer of the security devices that you have installed as well as the fact that you park your car in a garage, at night.
08.07.10
Such was my assumption when, on a recent family vacation to Spain, we declined the optional insurance.
But driving on the unfamiliar, twisting and narrow streets of Europe is a very different challenge, carrying a higher level of risk than a leisurely jaunt to the Hamptons.
On the first full day of our trip, my meticulous husband dented the side of the new Renault while trying to maneuver out of a ridiculously tight parking garage space. I said, "Well, thank goodness we've got insurance."
But something told me to double check. So I called our car insurance company and, sure enough, our existing policy covered domestic travel (including Mexico and Canada), but not international.
As I hung on the phone considering my options, the insurance representative noticed we also had a MasterCard with them. After some quick research, he found to our immense relief that our credit card indeed would cover damage to the rental car, though not any injuries or damage to other property.
Source: MarketWatch
Cheap Car Insurance
|
|