Autokindlustus

Autokindlustus, or car insurance, is a contract that provides financial protection against losses arising from the ownership and use of a motor vehicle. In Estonian usage, autokindlustus refers specifically to the coverage purchased to cover vehicle-related risks, including damage, theft, and liability.

Most auto insurance policies include a mandatory element of third-party liability coverage, which pays for injuries or property damage caused to others in an accident for which the driver is responsible. Optional coverages vary by jurisdiction and insurer, and commonly include collision coverage (damages to the insured’s own vehicle from crashes), comprehensive coverage (non-collision risks such as theft, fire, or weather), personal injury protection or medical payments, uninsured/underinsured motorist protection, and road assistance or rental car reimbursements.

Premiums are determined by risk factors such as the driver’s age and driving history, the vehicle type and its value, usage patterns, location, and chosen deductibles. Higher risk typically leads to higher premiums, while safety features, anti-theft devices, and multi-policy discounts can reduce costs. Deductibles are the amount the insured pays out of pocket before coverage applies.

In most places, liability insurance is legally required to operate a motor vehicle, though the exact minimums vary. When a loss occurs, the policyholder files a claim, the insurer assesses the damages, and compensation is provided according to policy terms, subject to deductibles and limits. Auto insurance is subject to regulation to ensure solvency and consumer protection, and consumers are encouraged to compare quotes, coverage limits, exclusions, and insurer reliability before purchasing.