Germany Auto insurance

In Germany it is mandatory for a person to have proof of third party liability coverage for all damage or injury to another person, car or object before a person can register .Premiums are much more expensive at this country as compared to other states mainly because the accident risk is higher. There are more cars in motion per mile of road here. Premiums have been reduced by up to 50 percent for smaller cars driven shorter distances.

The willingness among companies to reduce the costing for customer for safe driving records compiled in the U.S. varies considerably.Firms at Germany are not obliged to reduce premiums for safe driving histories compiled outside country.But you might get so reduction.
Note: Every accident occurred must be reported, without any exception, immediately to the insurance company.
Around 130 providers of automobile assurance companies are operating in Germany. While applying for car insurance at this country, the U.S. Embassy encourages their consumers to comparison-shop among a variety of insurers.:
There are numerous factors in addition to coverage that influence the premium charges at this place.The things are same as other countries as we have a look on them in following lines
1)Starters or new drivers will have to pay more than experienced drivers
2)Driving big, powerful cars pay more than those with more modest vehicles
3)People living at urban areas pay more than those in rural areas, and those who have been found liable in accidents pay more than those who haven't. On the positive side, these premiums are tax-deductible.
4)Your good past record of driving at home country you can get credit for it here. Get a letter from your insurance agent back home.
5)Other types of auto insurance coverage besides the third party coverage are :
Full comprehensive policy which covers all damages or injuries done to your own car, another car or a person or object.Partial coverage insurance policy for protection against fire, theft and other sorts of damage (from break-ins, shattered glass, animals, etc.),

Policies covering the death or disability of a passenger. Such policies often have deductibles, meaning you must swallow the cost up to a certain upper limit. These make the insurance less costly.
Some terms of insurance at This country
LIABILITY INSURANCE TERMS
Abschätzung des Schadensloss assessmentappraisal of damageestimate of damages
Beitragpremium
Kraftfahrzeugmotor vehicle
Kraftfahrzeugversicherungautomobile insurance
Pflichtversichrungcompulsory insurance
Reparaturkostencost of repair
Sachschadenproperty damage
Schadendamage
Totalverlusttotal loss
Unfallentschädigungaccident indemnity
Versicherungszertifikatcertificate of insurance
Vollkaskopolicecomprehensive policy
Some more important FAQ
If you have lost the vehicle documents then, initial German documents are issued free of charge, replacement documents are subject to the following fees:• Title (Fahrzeugbrief) - EUR 23.60• Registration (Fahrzeugschein) - EUR 10.70• International Vehicle Reg. - EUR 10.20 (only issued with export plates)• German Drivers License - EUR 35.00• International Drivers License - EUR 13.00
Learn more here
http://germany.usembassy.gov/germany/services/driving_in_germany.html

Cutting insurance premiums on cars

What are the basis of charging premiums on insurance policy

Insurance premiums depends on the government rules and jurisdiction if it is set by government or in case determined by the insurance company in accordance to a framework of regulations set by the government.

If government had not mandated the premiums then it is calculated on the basis of statistical data and predefined measures.The premium can vary depending on many factors that are believed to have an impact on the expected cost of future claims.

Those factors can include :

Car characteristics
Coverage selected (deductible, limit, covered perils),
Profile of the driver (age, gender, driving history)
Usage of the car (commute to work or not, predicted annual distance driven)

Lets take car characteristics first

Old car V/s New car

New car premiums are quite high as compared to the old cars, but that doesn't mean that you get old car premiums so low that you take out the old cars instead of new cars.See this way when a car is brand new then its value is quite high and the owner of the car will never want to bear the monetary risk of accidents and other mishappenings so the insurance company can also charge more premium because they also have to bear the big risks rather than a old car due to its value.

But old cars premiums might be more in some cases like vintage cars premiums as they are a part of antique and are to be handled very safely their value is very high for the owner and so their is more risk involved in it which results to more premiums.