Auto insurance must be purchased if you own a car. Insurance companies determine the cost of auto insurance based upon several factors, including your driver profile, vehicle use, and your driving record. It is possible to reduce the cost of your car coverage by comparing different market offers. We’ll tell you more.
How do I get an estimate for car insurance?
The average price for auto insurance varies from one driver to the next. It depends on your driver profile (age of license seniority, existence and claims), the type and use of your car (kilometers, parking mode, use of it), as well on the guarantees you need (breakers ice, natural disasters etc.).
We have created a pricing grid for auto coverage with different insurers to give you an idea of the order in which it should be ordered. This comparison was made by an insured who has had a driving license for at least 3 years without any claims and who also owns a Renault Clio IV Essence.. Our tool allows you to get a free online estimate for your car insurance.
What is the cost of auto insurance for young drivers?
Insurance companies see the driver as a risk because they lack driving experience. As a result, their auto contract is on average more expensive than that of “normal” drivers. Here is a table that compares the prices of different insurers to give you an idea of the prices.
There is no coverage for young drivers. You must therefore subscribe to conventional insurance (to the third party, intermediary or any risk), which will have been increased to compensate for your “at risk” driver status and its guarantees will be limited. To better protect yourself and keep your budget in check, you can subscribe to certain optional warranties.
How is the price of auto insurance calculated?
The price of your automobile insurance will be determined using a variety of criteria. Details are provided below.
- Your contribution to the vehicle’s value is dependent on its power. The annual premium you pay will be higher if your vehicle’s value is higher.
- Your geographic area of traffic: Whether you drive in Marseille or Versailles, your car insurance price will be different. The greater the risk in your area (road accident, theft and damage, etc.) the higher your insurance will be.The more you pay, the higher your risk.
- The use of your vehicle for private travel, commute to work, professional trips, etc. Your insurance costs will rise the more you use your car.
- Your parking mode: closed box or closed collective parking, public highway or open parking The price of your car premium will be affected if your parking option is less secure.
- Your vehicle’s mileage: The premium will be lower if your vehicle has less mileage than the previous year.
- Your age: Statistics show that young people are more at fault for accidents. They pay more for auto insurance.
- The age of your license: novice drivers may be subject to an additional premium that can be reduced if they learn by accompanied driving.
- You can choose to drive the vehicle only occasionally or exclusively. This will result in a lower premium. In the event that another driver causes an accident, he will have to pay a deductible
- Your bonus-malus – Some actors are specialized for the sick. But be aware, the insurance premiums can be extremely high.
These 4 tips will help you lower the cost for auto insurance
Insurers have created solutions that allow you lower your membership fee in recent years. Here are some examples of how your auto insurance estimate will drop.
- Mileage: You can reduce your contribution if you agree to not exceed a certain mileage in an insurance year (for instance, 8,000 km or 10,000km package). Some insurers will reduce your motorcycle insurance if you are only able to drive during the year (no driving at night, for instance).
- With your vehicle: some insurers will offer you targeted offers depending on your vehicle (4 × 4, minivan, old cars, used cars, etc.). These offers can be quite interesting in certain cases. These offers may be more interesting than standard offers, which may be cheaper if you remove certain options.
- The driver profile: New drivers (less than three years of insurance) will see their contributions increase by a premium. Some insurers reduce the contribution after one year of no claims, reduce or eliminate it if you have accompanied driving or your children (or grandchildren!) are insured with the same company.
- Your type of driving: the “Pay as you drive” is still little present on the French market. It works by placing a small box connected to a GPS in your vehicle. This records information such as speed, route, driving hours, and so on. Direct Assurance offers this type contract under its Youdrive offer.
In certain cases, your employer may also cover your mileage costs. Double your savings by reducing your mileage.
You can also hire the services a broker such as Reassure me who will compare auto policies to you in order to get the best auto insurance value.
What impact does the bonus-malus have upon the cost of your auto insurance?
Drivers who don’t cause accidents see their contributions decrease. This is the bonus. Drivers responsible for more than one accident see their contributions decrease. This is the penalty. The bonus-malus calculation is based on the number of accidents the insured has been involved in each year.
Insurance companies often offer discounts that go beyond the normal 5% reduction coefficient to encourage good drivers. Some offer the bonus 50 for the life, while others continue to lower your contributions to 20%. Still others offer you the bonus of 0.You will see a 50% increase in your productivity. These benefits are intended to build your confidence. Your contribution will be calculated based on the legal bonus-malus, if you change insurers.
What are the payment deadlines in auto insurance?
These are the terms and conditions for auto insurance payment. Once the due date has passed in your contract (monthly, quarterly or semi-annual), you must pay your insurance within 10 working days. This deadline must be adhered to 12 times if you choose to pay by monthly contributions.
Sanctions may be used in the case of non-payment. The insurer will send you a notice to instruct you to pay the premium after 10 days. The insurer will give you a notice giving you 30 days to settle the amount. Otherwise, your contract may be suspended. Your insurer can also terminate your contract if your payment is not received within 10 days.
After that, the insurance company could initiate legal proceedings to claim the amount due under the contract and get payment. It is important that you know that any unpaid settlements are still due after the termination or cancellation of auto insurance.