Kfz-Versicherung, which translates to “car insurance” in English, is a mandatory requirement for all vehicle owners in Germany. This insurance ensures that all vehicles on the road are covered in case of accidents, protecting drivers, passengers, and pedestrians alike.
What is “Kfz-Versicherung”?
In Germany, Kfz-Versicherung is a legal requirement for every vehicle owner. This insurance covers damages or injuries caused by vehicular accidents. There are different types of Kfz-Versicherung, including HaftpflichtversicherungHaftpflichtversicherung, or liability insurance in English, is a type of insurance that provides coverage for individuals against claims resulting from... More (liability insurance), which is mandatory for all drivers, and optional coverages like TeilkaskoTeilkasko, literally translated as "partial cover" in English, is a type of car insurance in Germany that provides coverage for... More (partial coverage) and Vollkasko (comprehensive coverage). The liability insurance covers damages inflicted on others by the insured vehicle, while the optional coverages provide additional protection for one’s own vehicle against theft, fire, vandalism, and accidents.
More information about “Kfz-Versicherung”
The cost of Kfz-Versicherung in Germany is influenced by several factors, including the driver’s age, driving experience, vehicle type, and engine size. New drivers or those with high-performance vehicles typically face higher insurance premiums. Insurance companies also consider the driver’s history of claims when determining the premium. Drivers can reduce their insurance costs by maintaining a no-claims record, choosing a higher deductible, or bundling their insurance with the same provider.
Related to “Kfz-Versicherung”
Here are some additional terms that are related to Kfz-Versicherung:
- HaftpflichtversicherungHaftpflichtversicherung, or liability insurance in English, is a type of insurance that provides coverage for individuals against claims resulting from... More: The basic liability insurance required by law for all vehicle owners in Germany. It covers damages to third parties involved in an accident.
- TeilkaskoTeilkasko, literally translated as "partial cover" in English, is a type of car insurance in Germany that provides coverage for... More: Optional insurance that covers damage to the insured vehicle from theft, fire, storms, and collisions with animals, among other risks.
- Vollkasko: Comprehensive insurance that includes the coverage of TeilkaskoTeilkasko, literally translated as "partial cover" in English, is a type of car insurance in Germany that provides coverage for... More and also covers damages to the insured vehicle caused by the driver or vandalism.
- SchadenfreiheitsklasseThe Schadenfreiheitsklasse, literally translated as "no-claims category," is a system used by German car insurance companies to determine the insurance... More (SF-Klasse): A no-claims bonus system that rewards drivers with lower premiums for not making insurance claims.
- eVB-NummerThe eVB-Nummer, which stands for "elektronische Versicherungsbestätigung" in German, translates to "electronic insurance confirmation" in English. This number is a... More: An electronic confirmation number required to register a vehicle in Germany, proving that the vehicle has the mandatory liability insurance.
In conclusion, Kfz-Versicherung plays a crucial role in ensuring the safety and financial protection of drivers in Germany. By understanding the different types of coverage available and how premiums are calculated, vehicle owners can make informed decisions about their car insurance needs.