Car insurance allows you to avoid spending on unplanned car repairs and avoid liability for damage caused to other car owners through negligence. How to insure a car? Which company should you choose? How to insure a car with a benefit for yourself? This article offers answers to these questions in the form of step-by-step instructions for car insurance.
1. Select an insurance company. When choosing an insurer to properly insure civil liability, you should pay attention to the published company ratings. The main points are financial stability and the ratio of insurance payments to insurance premiums, which on average should be between 30 and 80%. If it is less than the specified limits, the insurer practically does not make insurance payments, but the level of payments over 80% indicates that the company is unprofitable.
2. Assess the risks. So, having chosen an insurance company, you should determine what risks you need to insure your car against. There are three types of risk: risk of damage, risk of theft and risk of accident. The risk of damage involves damage / loss of the vehicle due to road accidents, illegal actions of unauthorized persons and natural disasters. The risk of theft is the loss of the vehicle as a result of robbery / theft. If there is a likelihood of both types of risk, then the best choice for organizing insurance coverage will be CASCO. The risk of an accident involves damage to the driver and passengers of the vehicle as a result of an accident. Today there are two systems of accident insurance. The amount of insurance payments under the first program is calculated based on the number of people in the car, and is paid in equal shares to each victim. According to the second system, each seat in the cabin is insured for a certain amount. Finally, insurance coverage against all types of risk is provided by voluntary DSAGO insurance. The insurance payment for OSAGO (compulsory insurance) is 120, 0 thousand rubles at a maximum, moreover, the damage caused may be several times greater, therefore insurers assume additional coverage within 150,000 thousand rubles for DSAGO, which is more likely to cover the losses incurred …
3. Determine the cost of insurance. The cost of insurance depends on the indicators provided for by the SAGO rules. Below are the baseline indicators:
- Car brand: the tariffs for Russian cars are much lower than for foreign ones;
- Car age: the newer the car, the lower the tariff;
- Number of persons allowed to drive: as the number of these persons increases, so does the cost of insurance;
- Driving experience: the less driving experience a driver has, the higher the fare;
- The presence of a franchise, i.e. participation of the policyholder in compensation for damage. When concluding a franchise agreement, a reduced tariff is applied. True, this agreement is more intended for skilled and experienced drivers.
- Organization of compensation for damage: when organizing the repair of a damaged car at the service station of the insurance company, a reduction coefficient is applied. When choosing a car service on your own, the price of insurance increases.
4. Memorize the insurance contract. In case of inattentive study of the insurance contract, there is a risk of non-payment of insurance. Therefore, you should remember:
- in case of theft or accident, contact the insurance company within the time frame specified in the contract.
- any independent change in the terms of the contract may result in its invalidity.
Upon the occurrence of an insured event, the insurance payment can be made ONLY if there is a certificate from the traffic police.
