10 tips to save money on third-party liability insurance

Saving money on third-party liability insurance (WA) is easier than you might think. By taking a few points into consideration, you can make a saving. Drivers can save money not only when taking out third-party liability insurance, but also during the term of the policy. That is why we have written down ten tips to save money on third-party liability insurance. You are of course wondering what these 10 tips are. They are set out below. This page describes the situation in the Netherlands.

Tips to pay less for third-party liability insurance

If you are looking for ways to save money on your third-party liability insurance, you have come to the right place. We have put together ten handy tips that will help you save money not only when taking out third-party liability insurance, but also during the term of this compulsory insurance. From choosing the right cover to regularly comparing insurers: find out now how to save money on your third-party liability insurance in a smart way! In any case, do make sure you have third-party liability insurance, because without third-party liability insurance you can get a fine.

1. Check your third-party liability insurance

It is important to check your third-party liability insurance or car insurance regularly. It may not be an interesting job, but it is necessary. By comparing third-party liability insurance policies from time to time and keeping track of what changes, you gain more insight into the insurance world. In the end, that saves you money.

Comparing insurance policies is a particularly good idea when your contract is about to expire. Is your current policy really the best value? By best value we mean: do the premium and the policy conditions match each other well? Don't look only at the price of the insurance.

2. Choose the right insurance

The cover of the insurance is at least as important as the premium. This is certainly something to think about when taking out a new car insurance policy. Many Dutch people insure their car all-risk as standard. That makes sense for an expensive car, a young car or a car that still has a loan running on it. But for many other cars, third-party liability insurance or limited casco insurance (also "third party, fire and theft plus") is enough.

A new car is best insured all-risk. A second-hand car that is 10 years old or more is usually only insured third-party. All cars in between can often be insured with limited casco cover.

By looking at the cover of the insurance, you can make a nice saving. Of course, your personal wishes and situation are also important when choosing suitable insurance.

3. Lower your premium

So by looking at the cover of the insurance, you can save money. That is not the only way to make a saving on your car insurance. The (monthly) premium can often be lowered too. You can do this, for example, by paying the premium annually, or by choosing a higher excess.

4. Pay the premium annually

Paying annually is always cheaper than paying monthly. Anyone who has enough money set aside to pay for the insurance for the whole year in one go should take a look at this option. It saves on administration costs, for example. The third-party liability insurer rewards the policyholder with a discount on the premium.

5. Higher excess

By choosing a higher excess, the policyholder pays a lower premium for the car insurance. This excess mainly applies to limited casco insurance or all-risk insurance. This is a simple solution that can save you a fair amount.

Tip: put some money aside. With unexpected damage, the costs can quickly add up because of the excess. The policyholder can then cover the costs of damage themselves. By repairing or paying for damage yourself, the policyholder does not drop back in no-claims years with the insurer.

6. Watch out for double cover

Dutch people have a habit of insuring themselves for all kinds of things. We like to be sure of things. As a result, many motorists are insured twice. For example, they have car insurance with legal assistance, while they also have legal expenses insurance. There is a good chance that the legal expenses insurance already offers cover for legal disputes in traffic. Then you are insured twice. A waste of money.

The same applies to breakdown assistance. The brand dealer often offers this option. An add-on to the car insurance for breakdown assistance is then unnecessary. Breakdown assistance through your insurance is also usually cheaper than breakdown assistance from a roadside assistance service.

7. Get more out of your insurance

Finally, a few more small tips to get more out of your insurance. You can save money not only when taking out a policy, but all year round.

It is better not to claim for small damage. Pay for it yourself, so you do not drop down the no-claims ladder (bonus-malus ladder). If you do claim for the damage, it is also a good idea to choose affiliated repairers. There is often an affiliated repairer nearby. That way, the policyholder often has to pay a lower excess or even no excess at all. It is handy to arrange insurance matters online. This does not save money, but it does save time. On WA.nl you can find all kinds of information to help you make a good choice.

8. Choose pay-per-kilometre insurance

Some insurers offer what is known as pay-per-kilometre insurance. This type of insurance is based on the number of kilometres you drive per year. If you drive few kilometres, pay-per-kilometre insurance is more attractive than regular third-party liability insurance. You can then also save money by using your bike or public transport more often. After all, the fewer kilometres you drive, the lower the premium you pay. Think carefully about the number of kilometres you expect to drive per year before you decide to switch to pay-per-kilometre insurance.

9. Compare every year

An important tip to save on the costs of third-party liability insurance is to compare again every year and switch to a different insurer if that is cheaper. Car insurance premiums can change every year. So an insurer that was the cheapest last year may have become more expensive than other insurers this year. By comparing again every year, you can save quite a lot of money. In addition, there may be changes in your situation that affect the premium, such as moving house or buying a different car. In that case too, it is advisable to make a good comparison.

10. Switch to less extensive cover

If the car is more than ten years old, it is no longer necessary to have casco insurance. The current value of the car is then no longer very high, and expensive casco insurance is no longer in proportion to it. Instead, it is better to choose cheaper third-party liability insurance. For a new car, casco insurance is worthwhile, but after four to six years you can switch to limited casco insurance. This type of insurance covers damage you cause to others, theft and damage caused by, for example, fire or storms. After ten years you can switch to third-party liability insurance. It is important to think carefully about which cover suits your car, so that you are not underinsured. So discuss things with your insurer for tailored advice.

Read also: Well prepared on the road: essentials for every driver, Costs of third-party liability insurance and Switching to a different third-party liability insurance policy.