Cancel your auto insurance to pay less
Did you know that there is a law that allows you to easily terminate your current vehicle insurance contract? The Hamon law, which came into force in 2015, allows you to terminate your auto insurance contract after one year of the contract and this at any time without proof. Note that no fees or penalties can be applied by insurers under this law.
Likewise, be aware that your auto insurer is required to send you a notice of expiry mentioning your possibility of terminating your contract. If he does not or if he sends you the documents less than 15 days before the end of the cancellation period, then you have the option of canceling your auto insurance contract. This was made possible thanks to the Chatel law which entered into force in 2005.
These different devices allowing you to terminate your auto insurance contract give you the opportunity to find a new one at a more competitive price.
Which driver profiles are at risk of paying more expensive auto insurance?
Several driver profiles can be badly perceived by auto insurers. This misperception will lead to an increase in contribution amounts. 4 profiles are concerned:
Young Drivers: Inexperienced, young drivers have to pay higher vehicle insurance premiums than the majority of other auto driver profiles.
Malussés drivers: if you make a claim, you risk seeing yourself malussed. Thus, the price of your auto insurance will increase dramatically.
The terminated drivers: several reasons can push an auto insurer to terminate you: after a loss, aggravation of risk voluntarily hidden by the insured, etc. If you are a terminated driver, you will need to find car insurance that is much more expensive than normal.
Drivers with a powerful car: Insurers consider powerful cars to be susceptible to theft or degradation. Thus, policyholders with this type of vehicle risk paying higher contribution amounts.
Choose the right car insurance plan to save money
Obviously, the choice of guarantees influences the cost of your auto insurance. It is therefore imperative that you take your needs into account before considering taking out an auto insurance contract. The goal is to purchase auto insurance at the fairest price according to the coverage chosen.
To take out cheap car insurance, you have the option of opting for a basic plan. This third party formula, which only includes Third Party Liability, corresponds to the cheapest auto insurance formula. However, be careful, the idea is not to sacrifice your guarantees which may prove useful. The driver's warranty, in particular, allows you to cover yourself in the event of damage. The theft guarantee or the glass breakage guarantee, meanwhile, can supplement your coverage.
One question remains unanswered: how to choose your level of guarantee? To answer it, you must take into account your entire profile (young driver, Malussé, living in a large city, etc.) and you must analyze the characteristics of your vehicle (age, general condition, etc. .).
Before you think about getting the best cheap auto insurance, you need to take your profile and your needs into account. Using an online auto insurance comparator will give you the ability to find a completely personalized offer.
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