Passenger vehicle insurance is one of the most important and necessary coverages, as it protects both the driver and passengers as well as third parties from possible accidents or damages. According to the law, basic civil liability is mandatory for every vehicle in circulation, at least in third-party liability, i.e. coverage for damages that you may cause to other vehicles, property or bodily injury. However, there are also many optional coverages that enhance protection and offer greater confidence to the driver.
What does passenger vehicle insurance cover?
Basic coverages (mandatory):
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Third-party liability for bodily injury.
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Third-party liability for material damage.
Optional coverages (enhanced):
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Roadside assistance and towing.
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Legal protection.
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Glass breakage.
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Coverage of fire and natural phenomena (hail, flood, earthquake).
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Total or partial theft of a vehicle.
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Own damage (combined insurance).
Specialized coverages (for increased protection):
- Insurance of personal belongings inside the vehicle.
- Coverage for terrorist acts or malicious damage.
- Provision of vehicle replacement in the event of an accident.
Factors affecting the cost
The cost of passenger vehicle insurance depends on various factors, such as:
- The type and commercial value of the vehicle.
- The engine displacement and horsepower.
- The age and driving experience of the owner.
- The area of residence and circulation of the vehicle.
- The driver's damage/accident history.
- Coverages and exemptions selected.
What is needed for insurance
In order to proceed with the insurance process, the following are usually required:
- Vehicle registration license.
- Driver's license of the owner/driver.
- Police ID or passport.
- Vehicle tax number of the owner.
- Recent photos of the vehicle (in some cases).
Useful remarks
- It is important to carefully compare the available insurance packages, as prices differ and the benefits are not the same.
- The option of roadside assistance is particularly useful, as it offers immediate service in the event of a breakdown or accident.
- Mixed coverage insurance (own damage) is recommended for vehicles of greater value or new cars.
- Consistency in payments and avoiding accidents contributes to future discounts on premiums (bonus-malus).
We cooperate with the most reliable insurance companies in the Greek and international markets and after examining the needs of our customers, we provide advantageous solutions and proposals that satisfy them.
