History of car insurance

Nowadays, when you are a car owner, it is obligatory to purchase a car insurance. If you go onto the road without a valid insurance, you are breaking the law. However, there have been times when car insurances didn’t even exist.

It was after the First World War that the use of cars started to become widespread in the cities. At this point, cars were already relatively fast, and therefore potentially dangerous, but yet there was no compulsory car insurance anywhere in the world. This meant that, if you got injured during a car accident, you would often not have a claim to any compensation. The drivers would be left with considerable costs for the damage to their vehicle.

To prevent this undesirable aftermath of car accidents, a compulsory car insurance scheme was first introduced in the United Kingdom in the 1930’s. From that moment onwards, any car owner needed to have a car insurance in order to go onto the road. All drivers were now insured for their liability for injuries, or worse, to third parties. It was only at the end of the 1930’s that Germany introduced a similar car insurance scheme.

The amount of contribution you have to pay to the insurance each month, usually depends on a few variables. First of all, the type of car you are driving plays a mayor roll. The more expensive the car, the more expensive it will be to get it insured. Also, the region you are living plays a roll (more accidents happen in areas with bad roads), as well as your personal way of driving. If you can prove that you haven’t caused any damage over a certain period of time, you usually pay a lower contribution.

For more information on costs of car insurances, go to insurance comparison sites to find out what it would cost to get your car insured.

Paul Montagne
 

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