Car Insurance
The mandatory third party insurance is only one of a range of insurance policies available. Cars can also be insured against damage caused to the car itself even if it was the fault of the insured driver. These insurance policies are called "Teilkaskoversicherung", which gives coverage above a certain set monetary limit, and "Vollkaskoversicherung", which covers the entire damage caused. If the damage is caused by the insured and the damage is claimed from the insurer then the premiums will often rise. It is therefore often wiser to pay damages to a certain limit out of your own pocket rather than asking the insurer to cover the costs. The limit depends on the difference between the premiums before and after the damage is paid and the amount the insured person has to pay as part of the insurance contract (called "Eigenbeteiligung" in German). It is advisable to contact your insurer to work out the difference in premiums. Premiums only fall when the insured is accident-free or does not claim any damage costs from the insurer.
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