Auto insurance, which formula to choose?

Auto insurance, which formula to choose?
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By car or motorbike, the basic "third party insurance" formula is the mandatory minimum. At the other end of the insurance offer is "all risk" insurance. Between a contract that only covers the others and one that covers everything and everyone, the options are varied, depending on the needs.

Here are tables presenting the main features of the optional guarantees offered to drivers in the course of their professional activity.
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What are the optional guarantees in auto insurance?
Bodily injury
Guarantee What is covered Type of compensation
Injury

    Coverage for bodily injury to the insured if he is responsible or if the person responsible is not identified



    Additional coverage according to the contracts: medical expenses, sick leave, death



    Lump sum: capital fixed in the contract, paid in the event of death or permanent disability



    Compensation: payment of a global compensation for all damages suffered by the insured

Material damage
Warranty What is covered Points of attention
All risks Cover for all damage to the vehicle Exclusion: driving while intoxicated, unless proof that there is no relation to its condition
Collision damage Coverage for all damage to pedestrians, another vehicle or an animal whose owner is identified Exclusion: driving while intoxicated, unless proof that there is no relation to his condition
Theft Reimbursement of the value of the vehicle at the time of the theft The insurer may require preventive measures.
Glass breakage Cover for damage to the windshield Depending on the contract, other glass accessories may be included
Fire Coverage for damage to your vehicle caused by fire (compensation equal to the value of the vehicle or amount fixed in the contract) Often excludes damage resulting from burns caused by smokers.
Storm Wind damage coverage
Natural disaster Cover for damage caused by a natural disaster (must appear in the Official Journal) Guarantee linked to the fire guarantee
Technological disaster Cover for damage linked to a disaster caused by technological equipment Automatic guarantees if a comprehensive "vehicle material damage" cover is taken out
Car contents Reimbursement of items left in the vehicle and accessories
Forces of nature Cover for damages as due to an unrecognized natural disaster
Comprehensive damage Coverage for damage caused to third parties, passengers and vehicles involved in the accident Some contracts provide for numerous exclusions
Protection and assistance
Warranty What is covered Points of attention
Legal protection The guarantee covers the costs:

    Criminal protection and remedies
    Legal protection

Some contracts provide for many exclusions
Assistance In the event of breakdown or accident, coverage of towing, breakdown and repatriation costs Contracts often contain a kilometer deductible for breakdown assistance

The contracts offer many additional options of assistance such as accommodation of the family, payment of a deposit abroad, etc.

Once you've identified the coverage you need, get quotes from different insurance companies or mutuals. Their websites usually offer to make an online request.

Then mainly compare the following three parameters:

    The amount of insurance premiums;
    Deductibles, amounts that remain the responsibility of the insured under all circumstances;
    Warranty limitations and exclusions.

Always choose a blanket that perfectly matches your needs. Your goal should be to pay for what you need, no more and no less. And if the chosen coverage does not cover 100% of the damage you want, you can turn to a supplemental auto insurance contract.
Auto insurance clauses and exclusions

Like any insurance contract, auto or motorcycle insurance is no exception to the rule: it has limitations and exclusions that the insured must absolutely read before purchasing. Here are some examples :

    No assistance in the event of a breakdown within 50 km from home (or even no breakdown service);
    Only third party insurance if the vehicle is driven by someone other than the insured;
    No compensation for property damage if the vehicle is stolen (or a high deductible).

To help you make the best choice for your auto insurance, according to your needs and your criteria, call an auto insurance broker like Coover: you quickly get the best quotes for your car.