If you have treated yourself to a new car, the next thing you need to take care of is the set of documents for it.
Holding a motor third-party liability policy (RCA) is mandatory for all vehicle owners. Driving without an RCA policy will get you fined between 150 and 300 lei. In Spain, however, this fine would amount to over 2000 US dollars.
In our country, the policy price ranges from 600 to 1600 lei. But what should you do if you bought the car abroad, where the insurance cost is much higher? For example, in Romania the price ranges from 155 to 425 euros, while in Germany, Spain or Italy it can reach even a few thousand euros.
Things are simple if, in that country, you have a positive claims history confirmed by insurance contracts. But if you don't, here are a few simple tips to help lower your "Bonus-Malus" coefficient (CBM) in other countries.
In Romania, Russia, Ukraine and Belarus, a low CBM is obtained for having no road accidents. So, if you previously held an insurance policy in the Republic of Moldova, we advise you to obtain the document confirming your accident-free record here, to save money when buying a new policy.
In France, a low "Bonus-Malus" coefficient applies when the car is driven by a married couple.
In Sweden, the vehicle's annual mileage has the greatest influence on rates, so choose the car with the lowest mileage. In addition, in case of 3 road accidents per year, or a serious breach of traffic rules and contract terms, the insurer has the right to increase the insurance price by 100% or to terminate the contract.
In Germany, different types of vehicles have different CBM.
Try not to choose a car with a large engine capacity, as it will increase the policy price. Also, if you want to lower the cost of the RCA policy, do not list people under 22 years of age or with less than 3 years of driving experience on it. If you are registered in a large city, register the car under the name of a relative from a smaller locality. This way you will considerably reduce the cost of purchasing insurance.