Exclusive driving and car loan: is it compatible with my insurance?
Before lending your car, check the terms and conditions of your contract carefully: the consequences of a steering wheel loan in the presence of an exclusive driving clause differ from one insurer to another and from one formula to another. other (third party, intermediary, or all risks). Exclusive driving does not prohibit driving by users other than those designated in the contract, but the consequences in the event of an accident can be severe, as we saw in the previous point.
Informing your insurer that you lend your car on time to your neighbor, for example, can be beneficial to you: many insurers take honesty into account and thus increase the deductible that you should pay in the event of an accident more modestly.
You can opt for the “steering wheel loan” guarantee. Be careful, your loan must remain fairly punctual! In the event of an accident, the steering wheel loan guarantee covers material damage to your vehicle and bodily injury to the driver. However, a deductible may apply.
If you want to share your car more often (without terminating your contract), there is a solution for you: you can request the addition of secondary drivers. This can be interesting, for example, if a loved one asks you to lend them your car every Saturday to go to their golf course! He will be guaranteed the same guarantees as you. However, your premium will be reassessed accordingly.
Finally, exclusive driving does not allow you to rent your car to individuals. If you want to rent your car, that is to say lend it in exchange for financial compensation, contact your insurer who will tell you your rights and obligations. Most insurance companies do not cover rental damage, so you will need to refer to the insurance underwritten by the matchmaking platform you used.
Exclusive driving may no longer suit you: we advise you to review your contract, or even to terminate it for another more suited to your needs. In this case, compare the offers!
Does the secondary driver also accumulate bonus-malus?
The secondary driver is registered in the auto insurance contract, he benefits from the same guarantees as the subscriber of the contract, in other words the main driver. He is also affected by the bonus-malus, also called the reduction-increase coefficient, because this is linked to the contract of the vehicle on which it is declared.
Thus, in the event of a claim caused by the secondary driver, the penalty will apply to both the main driver and the secondary driver. The main driver is penalized by the damage committed by the secondary. All the drivers designated in the contract therefore accumulate bonus-malus. This coefficient helps determine the insurance premium for your auto contract.
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