What is Car Insurance?
What is Car Insurance?
Personal car insurance is a contract between an individual and the insurance company that protects car drivers against financial loss if an accident happens or the car is stolen, damaged or vandalized.
The minimum legal requirement for car insurance in the Republic of Cyprus is a third-party liability. This means that all car owners in the country must have car insurance against bodily injury, death and material damage caused by their vehicle to a third party.
Read morePersonal car insurance is a contract between an individual and the insurance company that protects car drivers against financial loss if an accident happens or the car is stolen, damaged or vandalized.
The minimum legal requirement for car insurance in the Republic of Cyprus is a third-party liability. This means that all car owners in the country must have car insurance against bodily injury, death and material damage caused by their vehicle to a third party.
The minimum limits of third party liability set by the Cyprus law are:
- €33.540.000 per case for bodily injury or death
- €1.120.000 per case for property damage
- €35 per case for medical emergency expenses
In addition to protecting the car owner, auto insurance may cover family members included in the policy as well as other people driving the car with the owner’s permission.
Auto insurance premiums are calculated individually (a la carte) to let people customize coverage costs to suit their budget and needs. For example, the mandatory third-party liability can be enlarged to include insurance against theft, fire, natural disasters, collision, special assistance and more. This is the so-called “comprehensive” car insurance that covers the driver’s damages and compensation – whether they are responsible or not.
Comprehensive insurance offers additional coverage to the insured for driving other cars, and also passenger liability, loss of vehicle use, etc.
Most insurance companies offer renewable policies that last up to five years.
Why insure your Car with Outrisk Insurance?
Why insure your Car with Outrisk
Insurance?
Outrisk Insurance helps car drivers take the safest route by collaborating with the top insurance providers in Cyprus. We offer a comprehensive product range with competitive premiums, immediate contract delivery, accident care, open drive cover and more.
Our friendly team of insurance brokers (fluent in English and Greek) is always on call to offer you their skilled services and expert knowledge of Cyprus’ insurance market.
We strive to handle all claims within 24 hours, offer fast payments, and support you through any legal obligations!
Outrisk Insurance helps car drivers take the safest route by collaborating with the top insurance providers in Cyprus. We offer a comprehensive product range with competitive premiums, immediate contract delivery, accident care, open drive cover and more.
Our friendly team of insurance brokers (fluent in English and Greek) is always on call to offer you their skilled services and expert knowledge of Cyprus’ insurance market.
We strive to handle all claims within 24 hours, offer fast payments, and support you through any legal obligations!
Special Prices
We offer the most competitive car insurance premiums in Cyprus for both Cypriots and expats.
24/7 Assistance
Our team is readily available 24 hours, 7 days per week to help with unexpected events, accidents, and other emergencies.
Flexible multi drivers coverage
We help you protect your vehicle when it breaks down or is involved in an unfortunate event - no matter who is driving it.
Tailored Packages
Outrisk provides bespoke auto insurance packages to fit your unique needs and budget.
Reliable Insurance Broker
Serving Cyprus since 1989, we have an undeniable track record with successful car insurance deals and 100% satisfied customers.
Expert Assistance
Our reliable and expert insurance agents are here to help you choose the best insurance policy and allow you to enjoy the open road without stress.
Who is this for?
Suitable for all car drivers and car owners in Cyprus.
Call Us +357 97770067
Email us info@outrisk.com
Why do I need Car Insurance?
Why do I need Car Insurance?
Car insurance is a legal requirement for all drivers in Cyprus. Apart from that, investing a small amount every month to protect yourself and your passengers from bigger expenses if an accident happens is a wise and responsible decision.
Falling out from a car accident is not only costly but also time-consuming. It involves negotiations with other drivers and property owners involved in the accident and also managing on your own the costs of repairing or replacing your vehicle.
A car insurance broker will help you handle these tedious tasks by preparing and submitting claims to your insurance provider for car towing, repairs, replacement or covering costs of damages to third parties.
In addition, car insurance protects you when you get involved in a crash with an uninsured or underinsured driver, and helps you pay for medical expenses resulting from an auto accident.
Therefore, the key benefits of having active & comprehensive car insurance include:
- Helps pay covered losses
- Helps pay legal fees
- Supports with medical bills
- Pays for damages to other vehicles and properties
- Protects your passengers
- Allows you to lease a car
- Maintains an extensive network of repair services
Car insurance is a legal requirement for all drivers in Cyprus. Apart from that, investing a small amount every month to protect yourself and your passengers from bigger expenses if an accident happens is a wise and responsible decision.
Falling out from a car accident is not only costly but also time-consuming. It involves negotiations with other drivers and property owners involved in the accident and also managing on your own the costs of repairing or replacing your vehicle.
A car insurance broker will help you handle these tedious tasks by preparing and submitting claims to your insurance provider for car towing, repairs, replacement or covering costs of damages to third parties.
In addition, car insurance protects you when you get involved in a crash with an uninsured or underinsured driver, and helps you pay for medical expenses resulting from an auto accident.
Therefore, the key benefits of having active & comprehensive car insurance include:
- Helps pay covered losses
- Helps pay legal fees
- Supports with medical bills
- Pays for damages to other vehicles and properties
- Protects your passengers
- Allows you to lease a car
- Maintains an extensive network of repair services
What do the Car Insurance
packages cover?
What do the Car Insurance
packages cover?
- Bodily injury to third-parties
- Death to third-parties
- Medical expenses for authorized drivers
- Legal protection
- Damage to properties
- Off-road use
- Driving other vehicles
- Personal accident for driver
- Passengers’ liability
- Windscreen & window cover
- Roadside assistance & Accident Care
- Malicious damage to vehicle
- Unforeseen loss of car
- Loss or damage to personal belongings of the insured
- Cover against natural perils
- Fire
- Bodily injury to third-parties
- Death to third-parties
- Medical expenses for authorized drivers
- Legal protection
- Damage to properties
- Off-road use
- Driving other vehicles
- Personal accident for driver
- Passengers’ liability
- Windscreen & window cover
- Roadside assistance & Accident Care
- Malicious damage to vehicle
- Unforeseen loss of car
- Loss or damage to personal belongings of the insured
- Cover against natural perils
- Fire
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insurance quote
We have the experience and the competitive prices.
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Frequently asked questions
Outrisk Insurance examines each client’s case independently to find a car insurance policy matching their budget and needs. Generally, though, insurance providers take into consideration the following aspects when calculating the cost of car insurance:
- Diver’s age
- Type of vehicle
- Car value
- Driving history
- Driving experience
- City of residency
- Type of coverage
Yes, Outrisk Insurance helps all drivers who possess a valid international driving license to protect themselves and their passengers when driving in Cyprus.
Car insurance excludes drivers under the influence of alcohol, drugs and other intoxicating substances. It also excludes drivers without a valid driving license.
Other exclusions pertain to mechanical or electrical breakdowns or damage caused by terror attacks, war, rebellion, radiation and hostilities.
