Before a person can register a car in Austria he or she must have proof of third party liability coverage for all damage or injury to another person, car or object. While collision or comprehensive insurance is not required by law, most institutions financing the purchase of a vehicle do require it.
There are numerous factors in addition to coverage that influence the insurance price. Beginning drivers pay more than experienced drivers; those driving big, powerful cars pay more than those with more modest vehicles; those living in urban areas pay more than those in rural areas, and those who have been found liable in accidents pay more than those who have not.
If you have a good driving record in your home country, you can get credit for it in Austria. Get a letter from your insurance agent back home and present it to us.
Expats moving to Austria will find the cost of living a small price to pay for high quality of life in this beautiful country. According to the 2010 Mercer Cost of Living Survey, which evaluated 214 cities across five continents, Vienna, Austria’s capital was ranked first in terms of quality of life and 28th in terms of cost of living.
Cost of living in Austria naturally varies according to location: urban centers are more expensive than rural villages. Austria is generally in the middle European Nations; making it cheaper than the UK and France, but more expensive than the Netherlands and Spain.
Accommodation costs in Austria
Since Austria has some of the highest property prices anywhere in the EU, most expats will opt to rent property in Austria. Renting is a much more common due to the government’s efforts to construct state-owned apartment buildings with subsidized rates. Affordable housing options can be found even in [...]