what are their warranties and costs?

When buying a car, it is important to get car insurance to cover damage caused by a third party in the event of an accident. However, there are several types of car insurance, which offer different guarantees and costs.

What are the different types of car insurance available in the market and what are their guarantees? How to choose car insurance that best suits your needs and budget? This article gives you an overview of the main types of car insurance and gives you tips for choosing the right car insurance.

Which car insurance policy to choose?

There are several types of car insurance, which offer different guarantees and costs. Here is an overview of the main types of auto insurance available in the market, along with their coverage and cost:

  1. L’third party insurance : This is the cheapest and most basic form of insurance. It covers damage caused to third parties (other vehicles, pedestrians, etc.) in the event of an accident, but does not cover damage caused to the insured vehicle. It is compulsory for all motor vehicles on land in France.
  2. L’Back to back insurance : this form of insurance is more comprehensive than third-party insurance. It covers damage caused by a third party, but also damage caused by the insured vehicle, whether it is an accident or damage caused by another event (fire, theft, etc.). This is usually more expensive than third-party insurance, but can be very useful in the event of a claim.
  3. L’comprehensive insurance with deductible : this form of insurance is similar to all-risk insurance, but provides a deductible to be paid by the insured in the event of a claim. This means that the insured must pay part of the cost of repairing or replacing the vehicle in case of damage. All-risk insurance with a deductible is usually less expensive than classic all-risk insurance, but may be less beneficial in the event of a large claim.
  4. L’all-risk insurance with deductible and degressivity : this form of insurance combines the benefits of all-risk insurance and all-risk insurance with a deductible. It provides a deductible that the insured will pay in the event of a claim, but this deductible is degressive: it decreases over the years without a claim. This can be attractive for drivers who have a good driving record and want to benefit from a reduction in their deductible over time.

It is important to fully understand the coverage offered by each type of auto insurance before choosing the one that best suits your needs. It is also recommended to compare insurance quotes offered by different companies to find the most beneficial offer.

How much does it cost to insure your car?

The cost of a car insurance contract mainly depends on your car, and more precisely on the brand, its finish and its category. Quite logically, the insurance of a city car will always be cheaper than a large SUV. Here are the average prices for car insurance by category:

  • For city ​​car (small city car), the average cost of third-party insurance is around 300 to 500 euros per year, while the average cost of all-risk insurance is around 700 to 1,000 euros per year.
  • For compact (medium-sized car), the average cost of third-party insurance is around 400-700 euros per year, while the average cost of all-risk insurance is around 1,000-1,500 euros per year .
  • For sedan (large car), the average cost of third-party insurance is around 500-800 euros per year, while the average cost of all-risk insurance is around 1,200-1,800 euros per year .
  • For SUV (all-terrain vehicle), the average cost of third-party insurance is around 600 to 900 euros per year, while the average cost of all-risk insurance is around 1,400 to 2,000 euros per year .
  • For minivan (spacious and versatile vehicle), the average cost of third-party insurance is around 600 to 1,000 euros per year, while the average cost of all-risk insurance is around 1,500 to 2,200 euros per year.

It should be noted that these average costs may vary depending on many factors, such as the age and experience of the driver, place of residence, type of vehicle, etc. In the future, we can get together auto insurance focused on self-driving vehicles which remain somewhat obscure because of their novelty. To find out the exact cost of car insurance for your car, it is recommended that you request quotes from different insurance companies.

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