Car Insurance In Israel
This Article was written in English in order to help more people to understand the car insurance in Israel. There is 3 different policies’:
The Major Types Of Car Insurance Explained
1. HOVA
This is the 'must' insurance because it’s illegal to drive in Israel without this important insurance. This one, covers only buddy damages for the driver, passengers or pedestrians. In most cases, this is a cheap insurance, starting 700 Nis. The price difference is depending at the car, driver’s age, Driving years experience or Claims experience at "HOVA" insurance or license revoking experience.
For new cars, the price should be low because new cars are safer to drive. Also the size of the car is influencing at the "HOVA" insurance price, big cars with big engine of 4 wheels drive (4X4) are more expensive then smaller cars.
Young drivers will pay more than the older ones and if the driver has more than 16 years driving license so he'll get a big discount.
If the car owner that is the insurance subject had a Revocation of driver's license (1 or more) at the past 3 years, he's probably going to pay more (but not always) . Also if he had a claim (one or more) against the "HOVA" insurance at the past 3 years.
2. Third party insurance
This insurance is defending us in a case our car caused damages to other car or property. This is an important insurance because the damages can be very high for the simple reason that today, more than before, there are many expensive cars on the road. Also in a case we caused damage to a cheap but new cars, the damage can be surprisingly high
This insurance price is usually cheep and starting at 700 nis in some cases
In a case you have a proof of no claim letter for the past 3 years, You can get a nice discount. Also if the driver age is more than 24 the price will be low, and lower if the drivers age is more than 30 years old. New drivers (less the 1 year driving license experience) will pay more, and you can get another discount in some cases if you'll have more than 2 years driving license experience
3. Comprehensive Insurance
This Insurance covers almost every damage for your car and also other cars or property. also it is usually more expensive then the third party insurance, but today there are many options to get a big discount for this one, for example, paying for miles (kilometers) – If you didn't drive you won’t pay.
This no driving – no paying insurance is a great solution for people that works at home or the elder population that usually not driving every day or only in the city
Also here the claims expensive, drivers age and driving license experience is reflecting the insurance price
It covers car theft or damage that caused at attempting to steal, collision, accident, third party damages, fire damage, storm of weather damages like flood and many more
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