What is the best car insurance?
The best car insurance isn’t necessarily the one with the most customers or the most revenue. Rather, it’s the one that offers the most coverage at the best price. Prices vary greatly depending on the driver’s profile, mileage, and vehicle value. That’s why it’s important to check if you can find more competitive car insurance that’s suited to your situation.
What is car insurance for?
Insuring your car: an obligation
First of all, let’s remember that having car insurance is a legal requirement in France, and has been since 1958. Driving without insurance is therefore an offense suspension. In some cases, the vehicle that is the subject of the offense may also be impounded.
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Cover costs in the event of a road accident
Car insurance is therefore primarily used to comply with the law. However, the reason it was made mandatory is to cover the cost of repairing damage that can be caused by road accidents. Thus, when a driver causes an accident, their insurance company covers compensation for the victims, whether in terms of material costs (repairs to vehicles and other property) or human costs (hospitalization, rehabilitation, etc.).
In the event of a serious accident, these costs can represent colossal sums that an individual could not afford. Car insurance therefore protects all road users, whether they are victims or responsible for the accident.
How to buy car insurance?
Request quotes from insurers
To purchase car insurance , simply contact an insurance company and request quotes. You may receive several quotes from each insurer because there is no single, one-size-fits-all car insurance plan.
Choosing between third-party or comprehensive car insurance
The former corresponds to the minimum required by law and only covers damages that the vehicle may cause. If you are at fault in an accident, the repair costs of your own vehicle and your own medical expenses will not be covered by your car insurance. With comprehensive insurance, you will be covered for all possible damages, unless specifically excluded.
Whether or not to opt for additional car warranties
For a long time, it was only possible to cancel your car insurance on the contract’s anniversary date. However, several laws have relaxed this principle. The Chatel Law of 2005 urges insurers to remind their policyholders that they can cancel their contract before the expiration date. If you do not receive this type of letter or if you receive it too late to exercise your rights, you can legally cancel this contract within 20 days of the tacit renewal.
Conditions for terminating the car insurance contract
The 2015 Hamon Law opens up a new possibility of cancellation without having to provide a reason for the decision. Indeed, after one year of contract, the insured can cancel their car insurance free of charge at any time. If this is the first year of subscription, certain scenarios can be put forward to terminate the contract. These may include:
In all cases, you will simply need to send a registered letter to your insurer to inform them of your decision to terminate the contract, explaining either the use of
How to change car insurance?
The new car insurer takes care of the procedures
While canceling your car insurance has become much easier, you can also let a new insurance company take care of the procedures when changing your car insurance .
Request your car insurance information statement
You will, however, need to ask your insurer for your information statement before signing a new contract. This document will show your bonus, which is essential for your new insurer to provide you with a quote. You will also need to provide them with a copy of your vehicle registration document and your driver’s license. Also, the new contract must replace the old one without any waiting period.
In 2020, the French spent an average of €650 on their car insurance (all plans combined). But this budget doesn’t have to be a given! Simply answer a few questions about:
In less than ten minutes, you’ll be offered a wide range of rates from car insurance companies (Macif auto insurance, MAAF, Groupama, Matmut, Axa, Assur auto, Direct auto insurance, etc.).
Taking out a new policy can reduce your bill for the same coverage and allow you to get additional coverage at the same price. This also allows you to find the offer best suited to your needs. Such as young driver car insurance , third-party insurance, comprehensive eco insurance, etc.