How to Choose Car Insurance in Luxembourg?
Evaluate Your Needs
Determine the level of coverage you need. In Luxembourg, third-party liability insurance is mandatory. It covers damage caused to others. You can also opt for more comprehensive coverage like all-risks insurance.
Compare Offers
It is advisable to compare offers from different insurance companies. You can use online comparison tools or consult the insurers' websites directly.
Consider the Value for Money
Do not base your decision solely on price. Also, evaluate the quality of coverage, exclusions, deductible, and additional services offered.
Read the Contract Carefully
Before subscribing, read the general and specific conditions of the contract carefully. This will help you understand your coverage and obligations.
Consider Reviews and Experiences
Current customer reviews can be useful in evaluating the quality of a insurance company's customer service.
Check for Discounts and Benefits
Some companies offer discounts for safe drivers, eco-friendly vehicles, or if you have multiple policies with them.
Seek Advice
If in doubt, do not hesitate to ask for advice from an insurance agent or broker. They can help you understand the different options and choose the best one for your situation.
What is the Cost of Car Insurance in Luxembourg?
On average, basic insurance costs about €45 per month, offering guarantees such as third-party liability and basic legal protection. These rates, generally higher than elsewhere in Europe, are explained by more advantageous reimbursements and lower deductibles. Additionally, it is possible to deduct the third-party liability premium from your taxes, offering a significant tax advantage.
Auto Insurance Options
Insurance companies in Luxembourg offer various options to enrich your contract:
Joker Service
This service allows you to benefit from a taxi ride home at no additional cost if you are unable to drive.
Material Damage Coverage
This option covers damage to your vehicle even in the event of an at-fault accident.
Anti-Malus
Option Available with some premium policies, it allows you to avoid a malus after an at-fault accident.
New or Used Value Compensation
In the event of a total loss, this option ensures reimbursement based on the current value of the vehicle.
