The law is clear and straight forwards. It requires that any motor vehicles used on Greek and European highways and byways have a plan in place. You have to go for the an absolute smallest fee and get an adequate third-party insurance cover plan.
Car Insurance In Greece
Top-tier insurance companies in the US offer discounts to those who commit to driving without an accident, speeding, or using their phones. In Greece, car insurance can be extremely expensive for inexperienced drivers. There is a lack of affordable coverage for young people who want to buy cars or join the rental market.
A new study found that the average monthly premium for a 15-year-old male driver in Greece was €2,816 ($3,130), compared with €732 ($828) in Italy and €1,292 ($1,457) in France. The study also found that a 25-year-old Greek female driver pays an average of €2,926 ($3,249), compared with €4,000 ($4251) in France
Car insurance in Greece is less expensive than in many other countries, but it can still be a hefty expense for young or inexperienced drivers. In order to insure your car, you’ll need to pay a year-long membership fee of €500 and then €7 per day. That’s about $9,000 and $1,400 for a year-long coverage.
For young drivers or those who are new to driving in general, this is definitely an expense that they may not be able to afford. The good news is that there are some car insurance companies that offer cheap rates for first-time motorists or inexperienced drivers who are under the age of 25.
According to the European Commission, the average annual cost of insurance for a private car in Greece is $220. This is nearly twice as much as the global average of $110 according to a study by Eurostat, an organisation that provides statistical information on Europe.
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The amount of money you need to pay for car insurance is dependent on your age, your driving experience and if you are living in Athens or not. In order to keep costs down for young drivers and those who are inexperienced with driving in Greece, some organizations offer limited coverage plans which are less expensive than other plans but still cover all necessary requirements.
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So how exactly does a new buyer realise that the actual car insurance policy he’s purchased provides him sufficient security? What the law says: There are certain legal provisions in place for making sure that you get what you pay for when buying any product or service. These provisions are called warranties and guarantees and they also apply to insurance policies as well.
It’s not uncommon to hear people complain that they shouldn’t be required by law to have insurance and that they are a careful driver. But this is not the case. In fact, without insurance, you are more likely to get into an accident than someone who is insured.
If You Agree With These Sentiments, Then Think About It This Way
Would you be happy to foot the bill to repair your car if someone crashed into it because they don’t have insurance? Even if they were sure it was unnecessary and they thought they were a careful driver?
The law is in place to ensure protection for every motorist on the roads. While some may disagree, it does actually make sense for it to be this way.
When people think about car insurance, they tend to focus on the protection it offers to others. Think of the policy paying out for the damages cause to other people’s property.
It Actually Provides Much More Than This
If it wasn’t for third-party cover, the victims of the damage could pursue the driver. They also could seek financial compensation. That would have to be paid out of the driver’s own pocket.
For most people, their car is a valuable asset to them. The legal least amount paid for a third-party does not provide the cover that they are after.
This is why insurance companies offer a range of options. They aim to cater for the requirements of a range of people and vehicles.
Deciding on what level of cover you need is usually pretty simple. It will depend on the value of your vehicle, your financial situation. Some times your attitude towards risk plays a huge role.
Do you have a car that you see as utilitarian and is only worth a small amount of money? Then the comprehensive cover would actually be overkill. The increase in premiums wouldn’t be worth it to cover a repair to a car that would likely be cheaper to replace.
Choosing between third-party and third-party fire and theft (TPFT) isn’t quite as straightforward:
- If you are risk adverse then opting for the extra cover may make you feel better.
- If you think more like saving money on the insurance is worth risking to drive a few days without coverage.
- If you have stolen the car, then the third party is the way to go.
The amount that car insurance will cost you depends on many things. If you want a cheap car insurance then you may have to shop around a bit.
Bear In Mind That ‘Cheap’ Is Relative
A 17-year-old trying to buy insurance for a hot hatch may feel anything under a grand is cheap. To a middle-aged person insuring the same car, such an amount would seem astronomical. Generally speaking, insurance is not a good option for an enthusiast car buyer. But there might be rare cases in which you feel the need to buy insurance.
I’m not an insurance agent, but I’ve heard that it’s generally not a good idea to buy insurance for your vehicle if you are an enthusiast car buyer. It makes sense – enthusiasts tend to drive faster and take more risks. Insurance companies base how much money they’ll pay on what the risk is for the vehicle, so the average premium would be much higher than what you’re paying now.
But this doesn’t mean that enthusiasts can never get insurance – there are some exceptions. If you’re going to be driving your car in competitions or rallies, then getting a specialized policy is usually a good idea.
If You’re Traveling In Europe, Avoid Tolls When Driving By Using These Tips!
Europe is a beautiful place to travel, and navigating this vast continent can be overwhelming. Of course, you know that it’s best to drive in Greece, Italy and France by not using toll roads. But did you know that right across the pond, there are also toll-free highways?
If you’re traveling in Europe for the first time or if your family’s budget won’t allow for some of those luxury items like a car or an apartment, then driving on these discount highways might be the way to go!
To avoid paying those fees, always keep an eye out for the signs posted on the highway -they’ll tell you exactly where you can and can’t drive. And remember: Europeans are human too! So even if someone looks like they’re just passing through, don’t hesitate.
When Driving A Car, Do You Care To Park It On A Field Or The Street?
The answer will tell you which parking spot is the best for your vehicle. Proponents of cars on the street state that they are more convenient, and people can get used to it quickly. Those who want to park their cars in a field say that it’s safer due to less traffic and empty streets, and it’s easier for them because they don’t have to worry about damaging their car.
Saving time and money is a key factor for driving on the road. You get to parking your car in the field because you want to save time and money. There are many benefits of parking in the fields, but there is also some downside of doing so.
If you park your car on the street, then you might be faced with possible danger from cars, people, or weather conditions. You might also get tickets for parking in the wrong location. Parking in the field means that you have to walk a lot more distance to reach places like parks or libraries.
You can find out what is best for you by considering certain factors such as how close it is to places that you want to go and whether or not there are any restrictions on where you can park your car.
Do You Need a Cheap Car Insurance?
We assume you do as you are reading this. There are certain steps you can take.
- The first is to prepare your shelf to shop around – We are here to help on this front by providing listings of the best insurers in the Greece or in the whole Europe. All you have to do is to check our links.
- Second, you can make the car as secure as possible – Fitting Thatcham or Sold Secure approved anti-theft devices can help lower premiums. If you have a garage then clear out the junk and make room for the car, as this can have a large effect on the insurance cost.
Cheap car insurance is not an absolute term. What is cheap for some is costly for others and vice versa. There are different factors that go into deciding what qualifies as a ‘cheap’ policy: premiums, cost of damages or repairs over time, amount of time policy covers the vehicle, etc.