Ensure Car at Lowest Cost Insurance
1. Start your new contract earlier this month
Some insurance companies are aligning their contracts with the calendar. No matter when you start a new contract from the 29th of the month, you pay the current month in its entirety, culminating with a one-year contract which will have had an effective duration than 11 months and 2 days.
2. Pay your insurance premium once a year
Most companies offer settlement facilities. It is the ability to pay monthly instead of annually, it may be tempting for those with tight budgets, but it is a miscalculation because the airlines charge fees monthly payment (and sometimes without telling their customers). Sometimes, if monthly payments, is a third party company who pays the premium to the insurer in advance, and who then monthly recovery from the customer.
3. Find the insurer who seeks
An insurance company is a company that has a trade policy that may at some point choose to focus on profitability, and be reluctant to accept new clients at risk (young drivers, drivers with a bonus), or instead the company may have a policy of expansion. In this case, even drivers with a bad profile will be accepted. But beware, a company can be very aggressive on its rates for small cars (Clio, 206) to form a broad portfolio of clients, with the idea to apply priced significantly less competitive when they move to a self larger print. Conversely, some companies do not want to have that large customers, and flatly refuse to provide a driver who has only one small car.
4. Living in the countryside
Because life is more beautiful, but also because the auto insurance are cheaper! That makes sense, since to determine the risk and calculate the amount of premiums, insurance companies are based on numerical data. This is essentially the number of vehicles registered in a given area (county, state or province), the number of inhabitants of this territory, the number of holders of driving licenses in this area, and the number of accidents, thefts and vandalism recorded in that territory. From these elements (and others), the algorithms that are insurance companies where insurance premiums are highest, are the towns of the Riviera (population density and average car, but heavy traffic, and correspondingly many accidents with tourists, making a very bad report accidents / number of inhabitants) and the Paris region (very high population density). Conversely, the cheapest places in France are not depopulated tourism. According to the companies, the amount of the premium may vary almost a factor of two depending on geography.
5. Go into the mold
Each driver is a special case, but in their race for profitability, insurance companies seek to offer the most benefits possible standard. So if you are young, riding in a car that requires only a small budget if you have a big German car, you must also have a garage, if you install a lock, choose a lock approved by your insurer.
6. Play competition
Internet is misleading, because you can find several comparative insurance services that give the illusion of a tour of the market in a few clicks. While there are hundreds of insurance companies in France, a highly regulated market. Insurance companies whose services can be purchased through “comparators” have agreed to be placed well in competition with each other on the basis of price alone, that under certain conditions … To really turn the market, it must make several comparators, not to mention the companies that have refused to participate in a different comparison services available. And why an insurance company refuses to participate compare? Either because it is not competitive, either because it does not wish to commission a comparator (in fact, a broker), or because the companies that benefit from the comparator to find new customers have rejected such or such company are being compared with them …
7. Needless to accumulate Insurance
If you have an international credit card, you probably already have a security assistance. And you can also have legal protection guaranteed by this means, or with life insurance. So check what you have before signing up for new safeguards.
8. Read and understand what you sign
In France there are two main types of auto insurance. First there is the liability insurance, it is mandatory (commonly called “third”), and then the “all risks”. These two types of insurance are not identical from one company to another. Some companies, for example, automatically associate a guarantee of assistance to their contracts to third parties. As for insurance coverage, it includes a package of guarantees, it generally: personal injury sustained by the driver, all damage accident, collision damage, theft, glass breakage, fire, natural disaster, storm, strength of nature, and some companies will add a guarantee legal protection and assistance. To receive the best price, do not have insurance to individual with a particular company, but when choosing, compare the warranties offered by each, and take the package that best fits your needs.
9. Prefer direct relationship
You can check with an agent representing an insurance company (an individual employee), or with a broker (a person who offers the services of several insurance companies), or directly with an insurance company, by phone or Internet. For most common cases, it is generally more advantageous to ensure live. But beware, these companies have simplified maximum customer relationship, they know how to manage complex situations, such as a car insurance of a type not common, or insurance of drivers with a penalty, or even simply the assurance of a young driver.
10. For young people: ask your parents’ insurer
Some companies have a policy favoring family, and offer better conditions for young drivers whose parents are their customers. This is particularly interesting for young people whose parents are good customers with 50% bonus for several years.
11. A include: all drivers are in the same car
Everyone knows it? Auto insurance is a mutual service. According to the French Federation of Insurance Companies, the premium paid by the insured, 25% used to pay the overhead of the insurance company, and 75% goes to settling claims. That is to say that if the number of road accidents increases, the premiums will also increase. But if the number of accidents decrease, as is currently the case in France (2002-2004), the amount of the premiums does not necessarily decrease, because the cost of claims has increased. The reason for this is that more and more victims are demanding compensation for moral damages, or that require students indeminité that following an accident their academic year is lost.
Each driver has individual interest that the number of accidents (accidents, thefts, etc …) is the lowest, and that their bill is the least expensive.
