Types of car insurance

Traveling by car is not only fun. It's comfortable, efficient, but also risky. Even if you are a law-abiding driver, not a hack, there is always the possibility of meeting an inexperienced or hurrying car enthusiast. The condition of roads, weather conditions also increase the probability of getting into emergencies.

The dream of any vehicle owner is that in case of an unforeseen situation, regardless of the degree of guilt, the insurance company took all the costs. Can the existing car insurance cover the damage caused during the operation of the car or an accident? Alas, not always. But regardless of this, all car owners become clients of insurance companies.

The most common type of insurance is OSAGO, where the first letter of the abbreviation indicates mandatory. It was made not only by the decree of 2003, but also by the fact that without it, as they say, you will not go far. When changing the car, passing a vehicle inspection, when meeting with the traffic police - this insurance policy is required everywhere. Tariffs are set by the government and depend on the brand and class of the car, engine power, driving experience and other factors. Affects the amount of insurance and the number of persons who will use the car. Compulsory car insurance implies that the insured driver who violated the rules and is the culprit of the accident, assumes responsibility for covering losses that the insurance company pays. The maximum amount of payments is 400 thousand rubles. But very often in larger accidents or in collision of several cars this is not enough. The culprit must pay the missing sums and restore their own car on their own. To avoid such a situation, you can resort to another type of car insurance - DSAGO, which allows on a voluntary basis to expand the limited scope of the main, and also to repair your car.

More recently, types of auto insurance have replenished with one more option - CASCO. This species is most closely approximated to the motorist's dream - to buy a policy and sleep peacefully. The sum of insurance is the market value of the car. Such policies are often purchased voluntarily by owners of new and expensive foreign cars, and those who take out a loan to buy a car in the bank must purchase it without fail. This option allows you to insure the vehicle against such risks as hijacking and damage. The acquisition of such a policy is not cheap, but it must be taken into account that cars older than 10 years can not be insured.

Therefore, owners of worn-out vehicles have to use DSAGO or only OSAGO car insurance.

The insurance market is still quite young and is in the development stage. Therefore, the number of proposed options is small. In addition to the main ones already listed, there are other types of auto insurance - Green Cards, insurance of passenger and freight transport, motorcycles.

Whichever type of policy is chosen, it is necessary to understand that insurance is a business. The more customers are paid in the form of a money insurance premium , the less payments are made on insured events, the greater the company's profit. From the right choice the latter depends on whether you cover your costs if necessary. I would like to note that whatever types of auto insurance are used, their rules in different companies are different. All the conditions are described in the contract, which is often not carefully read, and after all, there you can find many questions that should be discussed in advance, so that later there are no surprises. Calms only one thing, and insurance companies and their customers are interested in that on the roads were as few accidents.