new to Germany

What insurances am I expected to have in Germany?

There are only a few mandatory insurances in Germany.

  • Health-insurance 
  • Social-insurances (in most cases only mandatory as an employee, most people who are selfemployed 
    are free to join the social security system if they wish or manage it on a private basis)
  • Car insurance

Since most people in Germany have a high coverage rate in terms of insurances it's also more common that you are held financially responsible for any damages you have caused. That's why some insurances are very important and also not very expensive in general.

  • private liability insurance (Privathaftpflichtversicherung)
  • home contents insurance (Hausratversicherung) 
  • legal costs insurance (Private Rechtsschutzversicherung)