Which car insurance to choose?

Published on : 18 March 20203 min reading time

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Every vehicle has its own quote!

Depending on the use of the vehicle, the insurer can set the amount of the insurance premium. For example, a car that only runs on weekends or only during holidays requires cheaper insurance than a car used daily.  The insurance must also take into account the power or value of the car. For example, a new car with a higher value is more likely to be covered by comprehensive insurance. This type of car insurance coverage is very useful. Compared to other forms of car insurance, all-risk insurance has top-of-the-range coverage, but it is much more expensive. On the other hand, for a car with a lot of kilometres on the odometer and with a lower value, the formula will be the most adequate. Do you need a new car to get to work or drive the kids to school? Your vehicle has just broken down and you absolutely must replace it? Take advantage of a participating auto credit offer to borrow at the best rate.

Every profile has its own car insurance premium!

The insurer has to always to determine the amount of the annual premium, must also look at the driver’s profile: the age of the driver, the place of residence, the age of the building permit… Yes, all these details have an immediate impact on the amount of the annual insurance premium. For example, for risk profiles such as the case of young drivers who have very little experience on the road, they automatically incur an increase in their car insurance premium for the first 3 years of their driving licence, i.e. 100% for the first year, 50% for the second and 25% for the third. A surcharge may also apply to drivers who have not taken out car insurance for 3 years, or even never. Badly injured and cancelled drivers are also part of the risk profile, so a higher insurance premium is charged. For young drivers who want to reduce their insurance premium, they must either turn to the minimum coverage, in particular the third-party formula, or choose to be a secondary driver on the contract of one of their parents.

What cover to choose?

In general, there are three types of car insurance cover: third party or liability insurance, which is the compulsory legal minimum, intermediary insurance, which is improved or modular third-party insurance, and comprehensive insurance, which includes a whole range of guarantees for both the driver and his car.

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