Everything You Need to Know About Car Insurance in Israel

Key Points to Know Before Taking Out Car Insurance in Israel Compulsory Insurance In Israel, the law requires you to take out "compulsory" insurance. The state sets the rates for this insurance based on the date of the vehicle's first registration, the age of the youngest driver and the number of possible licence suspensions of the owner. This insurance covers bodily injuries only. It is compulsory in order to compensate accident victims in the event of injuries.

Third-Party Insurance After

taking out compulsory insurance, it is recommended to take out either third-party insurance or comprehensive insurance. Third-party insurance covers material damage caused to a third-party vehicle, subject to an excess. It does not cover damage to your own vehicle if you are at fault, nor theft. It is essential to check whether towing/breakdown cover, windscreen, and possibly headlights and wing mirrors, are included in the policy.

Comprehensive Insurance Comprehensive

insurance covers all material damage, whether to the third-party vehicle or your own if you are at fault, as well as theft. It is also important to check that towing/breakdown cover, windscreen, headlights and wing mirrors, as well as the clause for a replacement vehicle in the event of an accident or theft, are included. In the event of theft, vehicle replacement is generally covered for 30 days.

Justification and Pricing To benefit from competitive rates, the vehicle owner must prove that they have not been at fault in an accident during the past three years. Depending on the insurance companies, this period may vary. Otherwise, they will be penalised with a significant surcharge, or even refused by most companies. It is essential not to systematically report minor material damage to your comprehensive insurer. Any repair exceeding 5,000 shekels will appear on your insurance record, thereby increasing the cost of your compulsory and comprehensive policies for at least two years.

Pricing for Young Drivers Rates for new drivers who obtained their licence less than a year ago, or young drivers under 21, are particularly high. These rates become more accessible from the age of 24.

Insurance Validity It

is very important to carry out the annual technical inspection of your vehicle. Without this inspection, your insurance will not be valid.

In the Event of an Accident If you are not at fault in an accident, it is imperative to ask the responsible driver for the details of their insurance policy.

For any further information, do not hesitate to contact me at 054-3070916.

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