Moving abroad?

Are you moving to a different country inside the European Union but you don’t wanna lose your vehicle insurance bonus? Here’s a few tips on how to transfer your vehicle insurance bonus.

If you are moving to live from one EU country to another you don’t need to lose your insurance policy bonus. Don’t let the insurance companies get more money from you then you really need to pay and transfer your vehicle insurance policy to get a discount.

In some EU countries, your claims history can affect your insurance premiums. Often this is called a no-claims discount or a no-claims bonus. If you make no claims during the year, your insurer may give you a discount when you renew your contract. But if you made a claim, you may be asked to pay more.

You can ask your insurer at any time for a record of any claims you have made over the last 5 years. They must provide this within 15 days. You might be able to use this in the country you are moving to. Keep in mind that the new insurance IS NOT obligated to take your accident-free history into consideration when calculating the price.

Since those companies are privately owned you can easily send emails to a lot of them and see which companies will give you the best offer. If one company doesn’t want to lower their price although you have provided them with proof of being accident-free for the past 2,3 or 5 years that doesn’t mean that all the insurance companies in that country will have the same policy.

After all, they are in this business to make money and they will try to get as much as possible from you. You can always ask them to take your history into consideration or you will move to another company. That way you are putting them in a bit of a bad place since they will lose a client.

Your current (and previous ones) are obligated to give you all the papers within 15 days. Most likely, you can simply ask for them over email but some companies might have a policy that you need to personally get the papers so make sure to get them before moving to another country. They are NOT ALLOWED to charge you anything so if they try to do so, you can report them to authorities.

You can find additional useful links below. I hope this information will help a lot of people inside the European Union to not overpay for their insurance.

https://europa.eu/youreurope/citizens/vehicles/insurance/validity/index_en.htm

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