Every vehicle owner should take out mandatory third party liability insurance. Importantly, third party liability insurance is also required if for any reason we do not use the vehicle or use it only occasionally. Lack of insurance can expose you to serious financial consequences.

Scope of third party liability insurance

When you conclude a civil liability insurance contract, you are relieved of financial responsibility towards the person you caused the damage during a road collision or accident. This means that it is not you, but the insurer who will cover the costs of repairing the victim's car.

Remember, however, that as the perpetrator of your own car will have to repair it with your own financial resources. Especially if you do not have AC (Auto Casco) insurance.

Interestingly, although the scope of civil liability insurance is the same for all insurance companies (it results from the provisions of the Act on Mandatory Insurance), policy prices may differ significantly from each other depending on the insurer.

Same range, different prices

There are many factors that influence the amount of the premium. It is on this basis that the insurer determines the individual premium amount for a given customer. It often happens that we can calculate the insurance amount ourselves.

How to calculate the insurance amount yourself?

On the websites of individual insurers there are often calculators of civil liability insurance, which enable us to calculate an approximate amount of premium. In order for the calculations to be as precise as possible, the calculator of third party liability insurance should contain the following fields:

* car data such as make, year of manufacture and model, capacity and engine power.

* How and where to use a car - company cars have a much higher mileage than private cars. In such a situation, the risk of a traffic collision increases. Similarly, in the case of a car that has been registered and will be used in a large city. A large city means a higher probability of a bump or accident. In such cases, the contribution rate will usually be higher.

* Driver's data - age, marital status and length of driving license. The highest contributions are usually paid by young drivers (up to 26 years old) and persons who have a driving licence for less than 5 years. However, this is not the rule and depends on the approach of the specific insurance company.

Interestingly, many insurers assume that a married man with children will ride safer than a single. This is why married couples can often expect lower premiums.

* The number of years of insurance and possible discounts for harmless driving. The better our story is, the better the insurance offer we'll get. Normally, for each year of harmless driving, the driver may receive a 10 % discount. The maximum allowance to which he is entitled is as much as 60 %.

* Payment method. You can often get attractive discounts for buying an insurance policy and paying online. So it's worth checking this possibility.