When is it no longer fully comprehensive?

instagram viewer

The question of when you no longer need fully comprehensive insurance for your car cannot be answered across the board. It also depends on your own wallet.

Fully comprehensive insurance can also make sense in the long term.
Fully comprehensive insurance can also make sense in the long term. © Barbara Eckholdt / Pixelio

When no more fully comprehensive insurance? - A good question

  • Fully comprehensive insurance replaces the current value of the vehicle if the owner broke the car himself. The term fair value is relative, as there are companies that reimburse the new price within the first 24 months.
  • Basically, once that New car should have fully comprehensive insurance for the first three years. From when fully comprehensive insurance is no longer necessary, also depends, for example, on the value of the vehicle.
  • Except for insurance fraud, no one will intentionally break their car. You take out fully comprehensive insurance because you have one accident can not rule out.
  • The question of when fully comprehensive insurance is no longer necessary also depends on the current value of the vehicle. A fully comprehensive insurance is of course nonsensical if the premium exceeds the current value of the vehicle.

Match insurance coverage to the budget

  • For example, if your car has a current value of 5,000 euros and it doesn't hurt if the car is scrapped tomorrow, you can save the fully comprehensive premium.
    • Weighing up between fully comprehensive and partially comprehensive insurance - this is how it works

    When you buy a car, you have to choose between a partially comprehensive insurance and a ...

  • Does your car still have a current value of 3,000 euros and it would not be tomorrow due to an accident you caused yourself more roadworthy, but you don't have 3,000 euros, the fully comprehensive premium is cheaper than the interest on a new loan Automobile.
  • When fully comprehensive insurance is no longer necessary depends primarily on your own wallet. However, since there are large differences in premiums in car insurance, you may still be able to afford the luxury of fully comprehensive insurance with a little comparison of the premiums. Switching insurers can save a few hundred euros a year.
  • The question of when fully comprehensive insurance is no longer necessary can definitely not be assessed across the board, but depends on the individual circumstances of your vehicle and your budget.

How helpful do you find this article?

click fraud protection