Have you already purchased your car? If so, the next logical step is choosing the right car insurance. While it’s widely understood that car insurance is essential, what does that really mean in practice? Why might one policy cost 100 GEL while another costs 500 GEL? Most importantly, how can you avoid unnecessary expenses while still securing the protection you truly need?

These are the questions every car owner encounters sooner or later. In this blog, we will explain everything in a clear and practical manner—without complex terminology or hidden clauses—so you will know exactly what you are paying for and how to make the best decision.

Car Insurance — The First Step Toward Safety

Before choosing the best car insurance policy or determining its cost, it’s essential to understand what factors are most important. The primary component is third-party liability insurance, which protects you if you damage someone else’s car or property in an accident for which you are at fault.

But what happens if your own car is damaged or, even worse, stolen? This is where CASCO insurance comes into play. Many people often consider it “too expensive” until they find themselves in need of it. In reality, the annual CASCO premium is usually much lower than the financial loss you might face from an accident or theft.

What Is CASCO Insurance?

In simple terms, third-party liability insurance covers damages to someone else’s vehicle, while CASCO insurance covers damages to your own vehicle. However, CASCO offers more comprehensive protection, covering a wide range of risks such as accidents, theft, and natural disasters.

The main difference is as follows: third-party liability insurance only applies when you are at fault for harming another person’s car, property, or health. In contrast, CASCO insurance protects you regardless of who caused the damage or how it occurred. This means that whether a tree falls on your car, your vehicle is stolen, or you are involved in an accident caused by another driver, CASCO has you covered.

The price of CASCO insurance depends on several factors:

• The car’s value, make, and model
• Its age and engine size
• The driver’s age, experience, and place of residence
• The selected coverage limits

For example, a new or luxury car falls into a higher-risk category and will typically have a more expensive policy, while older or lower-value cars tend to cost less to insure. 

Additionally, the broader your coverage — such as including theft, natural disasters, and minor damages — the higher the premium. Therefore, CASCO should not be viewed as an unnecessary expense, but rather as a smart investment in your financial security.

How Much Does Car Insurance Cost?

Making the Right Choice with Minimal Expense

One of the most common mistakes car owners make is assuming that the cheapest insurance policy is the most economical choice. In reality, the lowest-priced insurance often ends up being the most expensive—especially when you actually need it. The key is to find a balance: the best protection at the best price.

Begin by assessing your car’s true market value and how easily you could replace it. If your car is worth around 5,000 GEL and losing it wouldn’t significantly impact your budget, a third-party liability policy with a higher limit may be sufficient. For example, a 50,000 GEL limit provides much greater protection than a 20,000 GEL limit, especially since repair costs are continually rising.

If your car’s value exceeds 5,000 GEL, opting for CASCO insurance becomes a smarter and safer decision. This type of insurance offers both financial security and peace of mind, knowing that you are fully protected against unexpected events.

How to Handle Emergencies and Use Your Policy Effectively

A good insurance company is evaluated by how quickly and efficiently it responds during a crisis. To benefit from this support, it’s essential to know how to act from the moment an incident occurs until you receive compensation.

1. Report the Accident Immediately: Notify your insurance company from the scene before moving your vehicle. Your safety comes first, so contact the police or emergency services if necessary. Once you’ve ensured everyone’s safety, reach out to your insurer right away.
2. Document Everything: Record the location, time, and the people involved in the incident. Take photos of the damage, vehicle positions, license plates, and any relevant documents.
3. Follow the Company’s Instructions: Each insurance company has specific procedures for reporting incidents, assessing damage, and requesting compensation. For example, if you are with Irao, ensure you follow these steps carefully and avoid taking actions independently.
4. Understand the Compensation Process: After submitting all required documentation, familiarize yourself with how the reimbursement amount is calculated and when you can expect payment.

Car Insurance — Real Expectations, Real Results

According to clients of Irao, the true value of car insurance becomes evident only when an incident occurs. Many drivers initially think that minor accidents will not be costly and that basic liability coverage will suffice. However, the reality is quite different: repairing modern cars, especially premium models, often incurs expenses much higher than anticipated. Even a minor collision can result in thousands of GEL in damages due to advanced technology and limited repair options.

CASCO policyholders frequently highlight the speed and efficiency of Irao’s service, whether in cases of theft, accidents, or natural disasters. Clients consistently emphasize how smoothly the process runs, from reporting incidents to receiving compensation.

Positive Customer Feedback

Irao customers consistently praise the company for its excellent communication and support. They note that from the moment they report an incident until they receive payment, they are kept informed at every stage of the process. The 24/7 hotline is especially appreciated; clients can send photos from the accident scene and receive step-by-step guidance, which is invaluable in stressful situations.

Customers also value Irao’s personalized assistance. Consultants clearly explain which car insurance options are best for each case, help with documentation, and provide legal guidance when needed. This level of comprehensive support builds trust and ensures that car insurance functions effectively—not just on paper, but in real life, when it matters most.