The cheapest car insurance: what criteria?

Insurance is good, paying the right price is better! In France, insuring your vehicle is a compulsory act. Unfortunately depending on the year, the mileage and especially the insurance company, prices can vary greatly. Fortunately, there are some tips for saving money.

Taking advantage of low-cost car insurance is the dream of many motorists. It must be admitted, finding an auto insurance policy at the best price is not always an easy task. However, saving money on your contributions is possible!

How can you save money on your car insurance?

Young driver, impaired driver, owner of a family car… Regardless of status, everyone’s objective is obviously to find an insurance contract at the best price. Of course, the prices vary according to different criteria such as the type of vehicle or its brand. Obviously, you will not pay the same premium for a small city car as for a luxury 4×4. Still, there are a few tricks to make great savings.

Use an online insurance comparator

The best way to compete with vehicle insurance offers online is to go through a comparator. This type of tool allows you to compare quotes from multiple insurers in minutes. This type of platform generally works with many auto insurers. A good way to find insurance at the best price.

Even better, according to an Ipsos study, going through an online comparator saves an average of €360 per year on the amount of your contributions with the same guarantees. All you have to do is fill out a form to determine what your needs are. The comparator then offers you the car insurance offer adapted to your profile and your vehicle.

After that, all you have to do is compare the price, the deductibles and the guarantees offered by the different insurance companies. Once you have found an interesting offer, you can contact the chosen insurer.

Choose third-party insurance

There are, traditionally, three types of formulas for insuring your vehicle: third-party insurance, third-party insurance Plus and all-risk insurance. Obviously, you will not be covered in the same way depending on the formula chosen. If the third-party formula is the one that covers you the least, it remains, by definition, the cheapest one. You should know that the latter covers all bodily injury and material damage that you may cause to a third party in an at-fault accident.

It also includes civil liability cover and, in most cases, includes legal protection. However, this formula does not cover damage caused to your vehicle in the event of vandalism, theft, fire, disaster or glass breakage. This insurance is therefore to be preferred if you have an older vehicle (or already damaged), if you are a young driver or if you are a “little wheeler”.

Consider per-mile insurance

Another way to save money is with kilometer insurance. Indeed, if you are a “little rider”, there is no need to spend a fortune for kilometers that will never be reached. If you choose car insurance per kilometer, you will be able to lower the price of your contributions. There are two types of formulas for this insurance.

On one side there is kilometer insurance. With this you will, monthly, pay your car insurance premium according to the number of kilometers travelled. This formula is very interesting for those who are really small riders. If you drive more frequently, you will not be able to take advantage of this offer. The second type of kilometer insurance is the mileage package. Very widespread, this offer is based on a flat rate of between 4,000 and 20,000 kilometers per year.

Opt for insurance with no administrative fees

When taking out a new insurance contract, some companies take the opportunity to charge administration fees to their new customers. It is therefore always important to make sure, when signing your contract, that it does not include these administration fees your contributions or perhaps negotiate a discount with your insurer.

This can sometimes be scary, but yet their service is just as impeccable. Online insurance companies will often allow you to save money on your contract. The reason ? Since these are 100% digital, everything is dematerialized. Thus, you will not be charged for costs related to the management of the premises as for a traditional agency.

Moreover, there is no intermediary, you will not have to pay the commission fees on your contracts. Rest assured, online insurers guarantee you the same formulas as a traditional company. In addition to the financial aspect, choosing insurance online saves you time since everything is done by phone or online.

Car insurance: add and remove guarantees and additional options

Additional guarantees are not mandatory when taking out an insurance contract. You can therefore decide, whenever you want, to add or remove them. If they can be useful, they are not essential and therefore, help you to achieve additional savings. With these you will be able to cover your equipment, your passengers and yourself!

As you will have understood, there are different ways to save money on your auto insurance contract. It is therefore important to define your needs and then let the comparator do its thing to help you find the best offer. Note that to carry out a simulation on the comparator site, you will need to enter your driver history (bonus-malus, seniority, etc.), the characteristics of your vehicle, your habits (frequency of use). You will also need your driver’s license, registration certificate and your auto insurance information statement.

In partnership with lesfurets

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