What Insurance?

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Originally Posted by Evoking

??? Of course age and record comes into play. A 50 yr old with a flawless driving record won't get same rate as an 18 year old with 7 tickets!

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Here the insurance has two components: Mandatory and optional. Mandatory represents around 20% of total. If you hit someone with your car he will take it and use it to repare his car, this doesn't insure you nothing on your car and yes, this is related to your age and record. Since i have the 500 papers in front of me i can tell you that this mandatory insurance is $210 per year in todays currency. You could drive your car with just this insurance but this doesn't cover anything on your own car.
80% is represented by optional insurance, only this insures your car. Here you can opt for various levels of protection and risks that are insured. Full is what you call when you select all risks. Back to our example, i paid today $800 per year for the 500 for full optional insurance. So in total, $210 mandatory plus $800 full optional is $1010 per year.
I hope this will clear some of your questions.


Sent from my 3rd iPhone 6 this year using Tapatalk

also what neighborhood do you live in and how many miles do you plan to drive a year

Ya,just got back from Germany,rented a S Class Benz,what a pain to drive around and especially to park...Talk about expensive ,car and Ins was like 300.00 a day...But big fun an Autobahn...

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Originally Posted by Rubuntu

So what happens if the guy who hits you has no insurance at all? :rolleyes:

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It would fall under my $300K uninsured / underinsured

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Originally Posted by 0-60 freak

It would fall under my $300K uninsured / underinsured

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Is this policy you have:
• Actual Cash Value (ACV) ?
• Stated Value ?
• Agreed Value ?

As far as I know, the only ironclad policy is one that is written as Agreed Value. The others are junk, and leave wiggle room for an insurance company to weasel out of full payment of the loss.

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Originally Posted by Rubuntu

Is this policy you have:
• Actual Cash Value (ACV) ?
• Stated Value ?
• Agreed Value ?

As far as I know, the only ironclad policy is one that is written as Agreed Value. The others are junk, and leave wiggle room for an insurance company to weasel out of full payment of the loss.

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I will definitely check! thank you!

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Originally Posted by 15HURACAN1

Ya,just got back from Germany,rented a S Class Benz,what a pain to drive around and especially to park...Talk about expensive ,car and Ins was like 300.00 a day...But big fun an Autobahn...

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Germany is ok, go to older cities like Geneva or Vienna to see narrow streets, or even better in Italy or France.
300 per day for an S is a lot, i think they charged so much because you are from US and they had to do an extra Ins.


Sent from my 3rd iPhone 6 this year using Tapatalk

Hi all,
For me in france with Allianz company i pay 1700€ for 12month for full recovery and no limit of mileage also covered on track day with out race competition event.
If i just drove less than 6000miles/year it costed me 1300€ for 12mont.
Iam 29 years old and never accident before.

Cheers

finger crossed,
gonna get quote.

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Originally Posted by Jay-K

finger crossed,
gonna get quote.

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Keep us posted and good luck!


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