What is comprehensive insurance?
Maintenance, overhaul, fuel … the size of the auto budget pushes some drivers to prioritize savings, rather than guarantees, when it comes to choosing an insurance contract. And yet, a very protective formula can sometimes avoid a lot of financial inconvenience. Indeed, while “third party” insurancestops at civil liability coverage, “all risk” contracts offer a high level of guarantees not only for the driver, but also for his vehicle. Generally, young drivers turn to third-party insurance, but sometimes the all-risk formula can be interesting. Hence the usefulness of comparing auto insurance.
|What is comprehensive insurance?|
Why choose comprehensive auto insurance?
Taking out an “all-risk” auto insurance policy is playing it safe. If in doubt between the different formulas, it is best to use an auto insurance comparator. In the following situations, priority will be given to the quality of the insurer’s services:
Protect a valuable car. “All-risk” insurance is the best way to protect vintage, high-value or new cars. In the event of an accident, this optimal formula will minimize repair costs;
Benefit from the best guarantees. Also known as “all accidents”, the “all risks” formula covers a very wide range of damage and guarantees compensation in most situations: accident responsible or not, third party identified or not, vehicle stationary or in circulation, vandalism , natural disasters…
Driver insured “all risks” are compensated more quickly in event of claim. Compensation is paid without waiting for dispute to be settled with the opposing insurer.
All-risk auto insurance: the formula most chosen by motorists
The all-risk formula is the most chosen: nearly 1 motorist in 2 * (47%) opts for this type of contract! This is much more than the other formulas (at third and intermediate).
Maximum protection guaranteed
Insurers distinguish their “all risk” offers from “third party” or “intermediary” formulas, offering their policyholders high levels of guarantees, even in the event of responsible accidents. Note, however, that these coverages may vary depending on the contracts offered: it is up to the insured to compare the offers, prices and guarantees before making their choice.
Guarantee of material damage. Most “all risk” contracts include a basic “damage” guarantee. The insured is compensated for damage caused to his vehicle in the event of a responsible accident. If the loss was caused by a third party, the insurer of the driver at fault will cover all compensation costs;
Driver’s warranty. Coverage covers bodily injury and covers medical, hospital or surgical costs, compensation for sick leave, and even funeral costs in the event of death.
While “all-risk” auto insurance remains the most advantageous, responsible driving remains essential. In the event of driving while intoxicated or under the influence of narcotics, the insurer will be obliged to terminate its client’s contract. The same applies to bodily injury occurring without wearing a seatbelt: the driver cannot be compensated.
Adjust the options of your(all risks) contract.
Depending on their needs, the insured can add additional guarantees to their “all risks” contract and thus optimize their coverage:
Damage guarantee “all accidents”. This option comes into play whenever the insured’s car is damaged, regardless of the nature of the accident (in a parking lot, parked, in the event of vandalism, etc.);
“Broken glass” guarantee. At a minimum, covers the repair or replacement of the windshield, rear window and side windows;
“Theft” guarantee. Works in the event of theft or attempted theft of the vehicle, provided the break-in is proven;
“Fire and explosion” guarantee. Covers all types of claims (fire, explosion, lightning) except if they are due to poor maintenance of the car;
Juridic protection. Intervenes in the event of a dispute related to the car and accompanies the insured in these procedures up to the cost of lawsuits following an accident.
All-risk auto insurance: how much does it cost?
The price ofinsurance varies according to a set of elements: the vehicle (model, age, parking, power, etc.), the driver (age, place of residence, driving), so that it can vary considerably from one motorist to another. There is therefore not a single rate, but a multitude of rates tailored to each motorist
All-risk Auto Insurancepremiums, because they are the most protective and offer the best level of coverage, are logically the most expensive. To give an idea, according to LeLynx.fr figures, in 2020, the average premium of motorists insured with the all-risk formula amounted to € 715 / year *.