European Auto Insurance
Tips & Advice to help you make your decision on European Auto Insurance
When living or working in Europe, there is often need for personal transportation, for work or personal enjoyment. Much like the traffic laws stateside, it is necessary to possess insurance for liability and asset security when you're a motorist in Europe. In order to insure autos while abroad, it helps to rely on a European auto insurance provider.
Auto insurance is not only something that is necessary to repair your car if in an accident—a quality policy will offer financial relief for any damage or bodily injury that an accident may cause, regardless of fault. For business owners possessing offices in European nations, it is necessary to possess auto insurance, and often recommended to invest in excellent policies in order to protect business assets.
European auto insurance is available through many carriers, and in each country you can find insurance providers that present customers with a variety of policies. Many insurance companies in the United States provide coverage that is effective across international borders. Some may also work with partners in European nations, potentially offering coverage extensions and discounts.
If interested in an auto insurance policy that covers transportation needs within European nations, consider the number of resources available through Business.com.
European Auto Insurance Key Terms
Know what to expect before you get car coverage in EuropeBy Autumn Rivers, Lead Copywriter Webflo Studios If you are in Europe for a long period of time, your insurance might not cover you and you will need to get different coverage. Most car insurance terms are different in European countries than they are in the US, so take care to understand them before purchasing any plans.
Collision damage waiver (CDW)
The collision damage waiver (CDW) ensures that you will not have to pay a high deductible if you get into an accident while in Europe. A CDW is about $20 to $30 more per day when renting a car.
Try:
Europe Through the Back Door thoroughly explains collision damage waiver.
Insurance excess
The excess fee is what the customer owes after an insurance company pays for the damages in a European car accident. If you pay a small daily fee for excess insurance, you will not be forced to pay the excess after an accident. This can save you hundreds or thousands of dollars.
Try:
Insurance4carhire explains what insurance excess is.
Breakdown cover
Breakdown cover can save you money in the event that your car breaks down in Europe. Repairs can be costly and no one wants to be stuck paying for them while on a vacation or a business trip.
Try:
European Car Breakdown Cover offers an explanation of this type of insurance coverage.
Third party
Third party insurance is the minimum coverage required in Europe. It is similar to liability coverage required in the United States, though many people opt to get more coverage when traveling abroad.
Try:
Go to Just Landed for a definition of third party insurance in Europe.
Young driver
Anyone under the age of 25 is considered a young driver in Europe. Most companies in Europe and the US charge extra fees for young drivers to rent cars or obtain insurance.
Try:
Visit Swiftcover.com to learn everything you can about the limitations imposed on young drivers in both the US and Europe.
All risk coverage
All risk insurance covers more than basic third party coverage. It is the equivalent of comprehensive insurance in the US, so it also covers injuries and property damage in the event of a car accident in Europe.
Try:
Properties Casa Blanca provides a definition of all risk coverage.
Discover What MetLife Offers That Other Companies Don't. Learn More
Free Car Insurance Price Quote. See If You Could Save Hundreds.
Discounts up to 65%! Super Low Rates from $19
