Car insurance: 3 tips that can reduce the bill – News

Car insurance: these 3 tips that can reduce the bill

€437 excluding taxes: this is the average budget allocated each year by a motorist for insure your car. A price that has been climbing for several years. By way of comparison, the average premium excluding tax was €418 in 2012 according to data from France Assureurs. Even though purchasing power is restricted, how is it possible to make savings on this item of expenditure? here are the 3 tips to achieve this.

Tip 1: change insurance company

For 10 years, the price ofCar Insurance keeps increasing. And the year 2022 was no exception: on average, contract prices increased by +2%. In question ? increasingly expensive cars, complex equipment to repair, higher medical costs and an ever-increasing number of accidents. As a result, motorists find themselves with an increasingly salty bill for the insurance of their vehicle. But there is a simple way to lower the bill: bring the competition into play.

According to the consumer association UFC-Que Choisir, being loyal to your insurer is not the best way to get a good price for your car insurance. On the contrary, the best offers are usually reserved for new customers. Regularly touring insurance to compare its current formula with that of competitors is therefore a very good idea. Simpler: it is possible to use an online comparator. At the house of BestAssurancethe average customer saving was €340, with comparable guarantees.

Tip 2: choose the right vehicle

The very characteristics of each vehicle influence the price of a Car Insurance. It is therefore preferable to study them before embarking on thebuying a new car.

First data to take into account: the power of the vehicle. Statistically, the higher it is, the greater the risk of accident, and therefore the greater the premium forinsurance is expensive. Also, a new over-equipped car will be more expensive to insure, due to the costs associated with repairing it in the event of an accident.

Finally, some models are particularly wanted and stolen, and therefore more expensive in insurance. In 2021, the 3 most stolen cars were thus the Toyota Priusthe DS 7 Crossback and the Renault Megane RS. To limit the bill with one of these vehicles, it is best to equip it with an anti-theft system and report it to your insurance company. Similarly, constantly parking it in a locked garage can allow you to obtain a price reduction.

Tip 3: reduce the risk of accidents

By strictly applying the Highway Code and limiting speed, it is possible to greatly limit the risk of at-fault accident. Because it is these accidents, as well as those semi-responsible, which are at the origin of the malus.

And that can be very expensive: for a car insurance premium at €600, a driver with the maximum malus, i.e. 3.5, will pay no less than €2,100. At the same time, a good driver who has acquired the best bonus, ie 0.50, will only pay €300 a year.

The mechanism of bonus Malus is as follows: each at-fault accident multiplies the coefficient by 1.25 (at-fault accident) or 1.125 (partially at-fault accident). Without a responsible accident, you have to wait 13 years before reaching the maximum bonus of 0.50. In the event of a small collision alone, it may therefore be worthwhile not to declare it to your insurance and to pay yourself the costs incurred so as not to increase your penalty.

To save money, compare offers online.

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