All the things you need to know about car insurance in Luxembourg

In terms ofcar insurance, each country has its own specificities, and this is particularly the case for Luxembourg. It is therefore important to know all the important information on this subject in order to be able to ride legally. So here's everything you need to know about car insurance in Luxembourg.

Be insured before being registered

The first specificity of car insurance in Luxembourg is that your vehicle must be insured before being registered. In fact, the administration will give you a plate number which will allow you to quickly subscribe to your car insurance. In fact, if you do not have your insurance certificate, it will not be possible for you to register your vehicle and thus obtain authorization to travel. If you want to know more about car insurance and benefit from the best advantages, go to axa insurance. Also read: Why take out school insurance for your children?

“Casco” insurance

If you go to a mechanic in Luxembourg for the first time, you may be surprised by the term “Casco insurance”. Indeed, it is very likely that he will ask you if you are in “Casco” which in reality means, if you benefit from all-risk insurance, as we call it in France. This is therefore the highest level of insurance you can choose to protect your car. However, it would be wise to contact your insurer in order to find out in detail your coverage. This may be different from one country to another and this could create unpleasant surprises for you if you are not aware. Also related: Tips for finding the best online bank loan at the best rate

Virtually no deductible to pay

This is a big advantage of car insurance in Luxembourg, because you will have practically no franchise to pay. Indeed, in France, in the event of damage to your vehicle, insurance often requires you to pay part of the repairs for which you are responsible. This is absolutely not the case in Luxembourg. However, you will be able to request it from your insurer in order to reduce the amount of your premium. Otherwise, you will be reimbursed in full and your claim will be fully covered. Which can represent a real boon in the event of significant damage. Also read: Everything you need to know about digital signage

Better coverage in the event of broken glass

Unlike France, if you break your rearview mirror or one of your rear lights, this is considered a broken glass in Luxembourg. The repairs that must be carried out will therefore be directly covered by your insurance. Of course, respecting the terms of your contract and above all, without generating the slightest penalty.

Optional breakdown insurance

Be careful if you take out car insurance in Luxembourg because it is important to know thatinsurance in case of breakdown is not automatically included in your contract. Alone assistance in the event of an accident will be included and offered when you take out car insurance in Luxembourg. To benefit from it, you will therefore have to make an explicit request to your insurer, even in the case of Casco insurance. This will of course represent a cost since it is an option. On average, at Axa Insurance, this insurance costs around 65 euros per year.

A different calculation for the bonus/malus

The calculation of bonus/penalty is also different in Luxembourg. This is generally calculated on two bases: that of the Civil Liability and concerning accidents that can cause to a third party and that relating to the Material Damage guarantee. This therefore means that if you take a penalty, it will not automatically increase your entire premium. It will only increase the relevant premium to prevent you from having to spend too much. Which represents a big advantage compared to car insurance in France. Also read: Financing new and used cars

Higher prices but more attractive services

The prices for car insurance in Luxembourg are certainly higher than in France but, in return, the services are more attractive. In fact, you will benefit from much more advantageous coverage but also from total reimbursement of your material damage (with Casco insurance). You will thus be sure to insure your vehicle as best as possible by trusting real experts like Axa Assurance.