Car Insurance: Types of Policies and Their Cost
Reading time: 5 minutes
Key points:
- Three main types of car insurance in Israel
- Factors affecting policy cost
- Ways to save on insurance
- Application process and actions in case of an accident
Article content:
- Main types of car insurance
- Factors affecting policy cost
- How to save on car insurance
- Application process and actions in case of an accident
Main types of car insurance
In Israel, there are three main types of insurance policies for cars. The first and mandatory for all is third party (“Bituach Hova”). This policy covers damage caused to other people or their property as a result of an accident that was your fault. The second type is partial comprehensive (“Bituach Hofesh”). It covers damage to your car from fire, theft, and partially from road accidents. The third and most comprehensive type is full comprehensive (“Bituach Makhsim”), which covers almost any damage to your car, including your fault in an accident and even damage from falling objects.
Factors affecting policy cost
The cost of insurance is not fixed and is calculated individually for each driver. The age and experience of the driver directly affect the price: young and inexperienced drivers pay significantly more. The type and engine power of the car also play a key role – the higher it is, the more expensive the policy will be. Insurance companies also consider driving history: the number of previous insurance claims and fines. Place of residence and car storage, as well as the deductible percentage (the non-refundable part of the damage that you pay yourself) are two more important factors that determine the final amount.
How to save on car insurance
There are several proven ways to reduce annual insurance costs. The most obvious is to compare offers from different insurance companies. You should not automatically renew your policy with the same provider year after year. Installing a GPS tracker or anti-theft system often qualifies for a discount. If you have the opportunity, you should increase the deductible amount – this will reduce the cost of the policy. In addition, some companies offer discounts for accident-free driving. After purchasing a policy, you can post an advertisement for your services, for example as an auto mechanic, in the Services section to offset some of the costs.
Application process and actions in case of an accident
Applying for a policy today is a quick online process. You will need to provide information about yourself and the car (technical passport – “rishayon”). After signing the contract, it is important to always carry your insurance card (“kart bituach”) with you. In case of a road accident, first ensure the safety of all participants, turn on hazard lights, and call the police if there are injuries. Be sure to photograph the accident scene from different angles, record the details of the other driver and their insurance company. Report the insurance claim to your company as soon as possible, following their instructions.
Choosing the right car insurance policy is a considered decision that protects your finances and provides peace of mind on Israel’s roads. Understanding the differences between “Bituach Hova,” partial and full comprehensive, as well as pricing factors allows you to avoid overpaying and get the necessary level of coverage. Remember to save wisely by comparing offers and using available discounts. And when it’s time to sell your car, take advantage of modern technologies. By placing an ad on our platform, you get instant translation of the text into Hebrew, English, Russian, and Arabic, making your offer accessible to a huge multilingual audience throughout the country without any hassle.
Frequently asked questions
1. Which policy should I choose?
The choice depends on your needs and financial capabilities. If you drive frequently, full comprehensive may be the best option. For minimal protection, third party insurance is necessary.
2. How to save on insurance?
Comparing offers, installing an anti-theft system, and increasing the deductible can help reduce the cost.
3. What to do in case of an accident?
Photograph the accident scene, collect information from other participants, and report to the insurance company.