With the Covid-19, cars have often been in the garage lately. Pascal Frasnetti produced a dossier for the monthly The particular to know how to go about it in these times of crisis, in terms of auo insurance. Contracts, guarantees, and possible change of insurer.
franceinfo: have insurers provided reimbursement for this period?
Pascal Frasnetti: Some have. MAIF or GMF have decided to reimburse a few tens of euros on the 2020 subscription. But this is not the case for all insurers, far from it. So, redistribution is not compulsory, the French Insurance Federation reminded it in late April. It recognizes a 75% drop in the number of accidents over a 2-month period, but rather invites insurers to make their accounts at the end of the year to possibly pass on a fall in 2021 rates, if the premiums collected in 2020 are greater than the claims paid to the insured.
And if we don’t want to wait until 2021, can we change insurers today and how do we do it?
If your contract is more than one year old, you can cancel it at any time, without waiting for the annual deadline. Make competition work: today the car insurance market is very present on the Internet, especially on comparators, we can cite Assurland, Hyperassur, Les Furets or Le Lynx: on these sites, you can find in a few minutes a insurance contract adapted to his needs. And you can then compare the price obtained, with equivalent guarantees, with your current contract.
So what are the ways to pay less for insurance?
The most classic solution is to abandon the all-risk formula to move to the third party. This solution can be considered when the vehicle has lost much of its value, for example when it reaches 6,000 to 7,000 euros. In general, from 8 years for most city dwellers and 10 years for a sedan.
Why go to a third party in this case: because even if your all-risk contract covers you, you will only be compensated up to the limit of the value of the vehicle. You can also switch to a third party depending on usage, especially if the aging vehicle is used less or if it has become a second vehicle.
To save money, you can also track down unnecessary benefits by checking whether you are not insured for the same risk in another contract, for example if your home insurance contract already includes full legal protection. Likewise, there is no need to take out a mechanical breakdown warranty if you have bought your new vehicle and if the manufacturer includes it during the vehicle’s warranty period.
We often talk about franchises too: should we reduce them at all costs?
Yes, if we can afford it. But if you are looking to save on your annual premium, you can accept a balance payable on certain types of damage, which makes it easy to lower your premium by 50 euros per year.
It all depends of course on your profile. If you are an excellent driver or a short wheeler, it is probably pointless to look for a deductible reduced to 0 euros. We are thinking of the zero kilometer assistance option, which allows intervention without taking into account the distance from your home in the event of a breakdown. This option is not a priority if you do not use your vehicle every day, especially for professional purposes.
Conversely, what are the essential guarantees?
The essential element, we can never say it enough, is the driver warranty. If your contract does not integrate it, you will not be compensated in the event of a responsible accident or in the absence of a responsible third party, in the event of a hit and run offense for example… However, on the one hand this guarantee does not is not always present in third party or extended third party contracts. And on the other hand, to be effective, the driver’s guarantee must be able to activate regardless of your degree of post-accident disability.
There is, in fact, a threshold for permanent impairment of physical and mental integrity (AIPP), from which the insurer pays for permanent incapacity following the accident. If your disability rate is below the threshold provided for in your contract, you will not be compensated. The average threshold for triggering compensation is 10%. But it can climb up to 16%.
Conversely, the best contracts offer thresholds of 5%, which are much more protective. Finally, check the compensation cap. It must be at least
400,000 euros, to cope with the consequences of serious consequences, for example, to a severely disabled person.