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Insurance Car: How Does it Work?

Despite its often high cost, especially for young drivers, insurance car is still essential before you can drive a car. In fact, the law provides that the owner does not have the authorization to register his vehicle until it is insured. Explanations.

What is the principle of insurance car ?
To claim compensation from your insurer in the event of a claim, you must pay a sum of money on a monthly or annual basis. 

Insurance Car: How does it work?

In return, you benefit from protection under your car insurance which will intervene to compensate for bodily injury and material damage suffered in the event of an accident.

What criteria for evaluating insurance car premiums?
Like all insurance, auto insurance premiums depend on several factors concerning the insured and his vehicle, such as:

  • The age of the insured (young driver insurance car is specific),
  • The way he uses his vehicle (frequency of use, distances traveled, etc.),
  • His background as a motorist,
  • The age of the car,
  • The value of the vehicle (sports car, luxury car, etc.),
  • His power,
  • The geographical area where the vehicle will travel,
  • The new or used nature of the vehicle,
  • The extent of its coverage,
  • Optional guarantees.

In addition, the deductible is another element that is important in calculating auto insurance. The higher the amount of the deductible, the lower the amount of insurance.

"If you travel a lot far from home, assistance is certainly important" advises us, among others, Stanislas di Vittorio.

Rather full risk or third party insurance?
In insurance car, there are two main formulas: third party insurance or all risks.

Third party insurance also called civil liability is the minimum compulsory formula. It covers the driver in the event of an accident if there is material or physical damage suffered by others.

"The liability cover taken out with your automobile insurance covers in particular damage to third parties: caused by your fault, recklessness or negligence, committed by your children, if they live under your roof (adult children living under your roof are principle also covered), caused by your vehicle. "

If you prefer to increase your level of coverage, you can opt for fully comprehensive insurance car that offers more guarantees. The same coverages seen above are applied while adding here the coverage of the insured himself (the insurance also covers damage caused to your car). Obviously, in the case of comprehensive insurance, the cost of monthly payments will be higher than third-party insurance.

The basic auto formula
Depending on the contract taken out, you can benefit from legal assistance against possible legal action in the event of a responsible accident resulting in injury to a third party.

Some auto insurance plans can cover lost wages, medical bills and funeral expenses. This protection is valid for the driver as well as for the passengers. Note that the choice of the franchise is important insofar as it has a direct impact on the amount of the premium. This is because a higher deductible results in a lower premium and, conversely, a lower deductible results in a higher premium.

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