WA, WA Plus or All Risk: which car insurance should you choose if your car is older than 5 years?
Taking out car insurance remains important, even if your car is a bit older. Damage to your car or someone else’s can happen sooner than you think. And it’s reassuring if these costs don’t all have to come from your own pocket. Car insurance is mandatory in the Netherlands. Driving without insurance? Then you risk a hefty fine and you’re not insured for any damage. In this blog you’ll discover more about an OHRA car insurance. We also share useful tips and explain when a WA-insurance is the smartest choice.
Car older than 5 years? Time to review your cover
Many people stick with the same cover for years. Understandable – why change if everything’s going well? Still, your situation changes as your car ages. Insuring a new car with All-Risk is logical: the replacement value is high and you want maximum cover. But after five years, that value drops considerably.
Isn’t it then a waste to keep paying a lot each month for All-Risk cover, when your car may only be worth a few thousand euros? Exactly! It’s time to take another look at your cover.
What exactly is a WA-insurance?
A WA-insurance is the minimum cover required by law. This insurance covers all damage you cause to others. Damage to your own car? You pay for that yourself.
For cars older than 5 years – especially with a market value under €5,000, this is often a good option. Especially if you prefer to save on costly cover and accept the risk.
Advantages of a WA-insurance with OHRA:
- Low premium, ideal for cars with a lower market value
- Damage to others well covered
- Freedom to choose your own repair shop
- Quick and easy to arrange online
Want to know more about the advantages of an OHRA WA-car insurance? Here you can read more about the WA-insurance from OHRA.
When should you opt for WA Plus or All-Risk?
Not quite sure if only WA is enough? That depends on your car’s condition and value.
- WA Plus also covers damage caused by theft, fire, storm or hitting an animal. Not a luxury package, but just that bit more peace of mind. Definitely worth considering if your car is still in good shape and you want to avoid unexpected expenses.
- All Risk also covers damage you cause yourself. For cars between five and seven years old, this can still be relevant. Especially if your car is still relatively valuable or you simply want to avoid taking any chances.
Easily calculate your premium
Still unsure which cover to choose? No worries. You don’t have to decide on instinct. With the handy tool on OHRA’s website you can quickly calculate your premium, based on your car, age, no-claims years and preferred cover.
Work out your own premium and immediately see what you would pay for WA, WA Plus or All-Risk. That way, you can confidently choose the insurance that suits you and your car.
Find out what your car is worth and insure accordingly
After five years, your car is no longer as new and shiny as before. Its value will likely have dropped considerably. Comprehensive cover like All Risk often doesn’t make sense anymore. A WA-insurance then does the trick: you comply with the law, have a low premium and are well covered for any damage you cause to others.
Take the time to review your current cover. Use the online tool, compare and make an informed choice!
