Why take out car insurance and what are the available formulas?
In France, everyone who owns a vehicle must take out insurance. It is therefore above all a legal obligation which aims to protect other motorists and users of the public highway in the event of an accident. Failure to comply with this obligation may expose the owner of an uninsured vehicle to heavy penalties, in particular a fine of €3,750, the cancellation of the driving license or even the immobilization of the vehicle.
In addition, taking car insurance allows you to take advantage of several advantages. For example, depending on the level of cover, your insurance may cover the cost of repairing or replacing your car in the event of a claim, as well as possible bodily injury and medical treatment costs. In addition, it can also compensate you in the event of theft or fire of your vehicle.
The different car insurance formulas
When it comes to car insurance, there are three main categories offering different levels of cover. Knowing them is essential to choose well:
– Third-party car insurance.
– Comprehensive car insurance.
– Personalized car insurance.
Third-party car insurance is the most affordable formula. Covering only the civil liability of the insured in the event of a claim, it compensates for any damage caused by the insured vehicle to other road users (motorists, pedestrians, passengers, etc.). That said, in the event of a responsible accident, this cheap car insurance does not cover the damage of the insured.
More extensive, all-risk car insurance offers you better coverage. Particularly suitable for new and premium vehicles, this formula offers you coverage for all damage, even in the event of an at-fault accident.
As for the personalized vehicle insurance, it comes in the form of a tailor-made contract covering additional guarantees in addition to civil liability. Depending on your needs and your budget, you can choose between several guarantees: collision damage, glass breakage, natural disasters, theft and fire, legal protection, etc. Also note that personalized insurance comes in several formulas: insurance per kilometer, connected car insurance or even temporary car insurance.
What is an auto insurance deductible?
An auto insurance deductible corresponds to the amount that remains the responsibility of the insured after compensation for a claim by the insurance company. There are generally two types of deductibles: the relative deductible and the absolute deductible.
In the case of a relative deductible, the insured will not be compensated if the amount of the deductible is greater than that of the claim. On the other hand, if the amount of the deductible is lower than that of the claim, the insured will be fully compensated.
As for the absolute deductible, it corresponds to the amount that the insurance company systematically deducts from any compensation. For example, if the deductible is 200 euros and the amount of the loss is 100 euros, the insurer receives no compensation. On the other hand, if the amount of the loss is 500 euros, the insured will receive the difference, that is to say 300 euros.
What documents are needed to purchase auto insurance?
In general, you must present 3 documents to take out car insurance:
– Your registration certificate (gray card).
– Your driver’s license.
– And possibly, the information statement indicating your bonus-malus coefficient. Of course, if you wish to take out young driver insurance and you have never been insured, you do not have to present this document.
Note that your insurer may possibly request other documents that it deems necessary for the validation of your insurance contract.
How to choose the right car insurance?
The choice of one such insurance formula or another depends mainly on your budget and your needs. Here are some tips to help you choose the best car insurance:
1- Evaluate your needs and select coverages adapted to your vehicle and your driving style.
2- Ask for several auto insurance quotes to compare the prices and services of several insurance companies.
3- Check the guarantees offered by each insurer.
4- Pay particular attention to deductibles and exclusions of guarantees, that is to say damage not covered by the insurance contract.
5- Choose an insurer offering additional services such as 24/7 assistance, replacement vehicle or protection of personal items transported in the event of an accident.
Online car insurance: discover the good plans of Leocare
To take out car insurance online, nothing could be simpler! Go to the Leocare website and select the offer that best suits your needs. The insurance company Leocare offers formulas adapted to all needs. These formulas are customizable and therefore allow you to select guarantees that best suit your budget and your needs.
In addition, the company provides additional services and responsive customer support. In addition to the reductions regularly offered to motorists, you can save a few tens of euros by using a Leocare promo code when subscribing to an insurance contract.
