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Car Insurance

Car Insurance

Owning a car provides you with mobility, convenience and independence. Along with that flexibility and autonomy, however, comes a higher chance of a road accident, and with it, the potential perils of physical and financial losses.

Car liability insurance is there to protect you from potential loss if such an event arises. Have a free, no-obligation consultation with someone from our team who can help guide you to the best car insurance plan for your needs.

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There are three categories of car insurance in Israel:

 

Bituach Chova (Compulsory Insurance)

Bituach Chova is a legal requirement for car ownership. The cost is determined by the type of vehicle, age of drivers, accident history, car safety features and usage. Bituach Chova offers unlimited liability coverage for bodily injury to the driver, passengers and pedestrians that may be involved in an accident. Each car covers its own passengers irrespective of who is at fault.

 

Bituach Makif (Comprehensive Insurance)

Bituach Makif covers any damage to your vehicle and any 3rd party vehicle up to the sums specified in your car insurance policy. It also covers any depreciation on the market value of your car as a result of damage caused by an accident.

 

Tzad Gimmel (3rd Party Insurance)

Tzad Gimmel only covers damage to a 3rd party. It does not cover damage to your own vehicle.

Roadside assistance and towing services, replacement car coverage and windscreen cover may or may not be included with Bituach Makif and Tzad Gimmel policies.

 

Car insurance premiums

Car insurance premiums can be reduced based on the following:

 

  1. Age
  2. Whether or not the car is driven on Shabbat
  3. The number of people insured to drive the car (fewer drivers reduces the premium)
  4. Number of claim-free years of driving

An Oleh Chadash, Toshav Chozer or tourist who has had car insurance in another country should obtain a letter from their insurer overseas stating their claims history, which may qualify the driver for a reduced premium in Israel. Without the letter, the Oleh Chadash will likely be insured as a new driver with a higher premium.

 

It’s critical to choose the right type and level of insurance for your car and driving plans so that you can minimize liability without paying for unnecessary insurance policies. Get a free, no-obligation consultation with someone from our team who can help guide you to the best car insurance plan for your needs.

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