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When buying a vehicle, it is important to take out car insurance to cover damage caused to third parties in the event of an accident. However, there are different types of car insurance, which offer different guarantees and costs.

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

Which car policy to choose?

There are different types of car insurance, which offer different guarantees and costs. Here is an overview of the main types of auto insurance available on 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 mandatory for all motorized land vehicles in France.
2. L’Back to back insurance : This form of insurance is more comprehensive than liability insurance. It covers damage caused to third parties, but also damage caused to the insured vehicle, be it an accident or damage caused by another event (fire, theft, etc.). It is generally more expensive than liability insurance, but can be very useful in the event of an accident.
3. L’full insurance with deductible : this form of insurance is similar to all risk insurance, but provides for a deductible to be paid by the insured in the event of an accident. This means that the policyholder has to pay part of the cost of repairing or replacing the vehicle if it is damaged. All-Risk insurance with deductible is generally less expensive than classic All-Risk insurance, but it can be less advantageous in the event of a major accident.
4. L’all risk insurance with deductible and degressivity : this form of insurance combines the advantages of all-risk insurance and all-risk insurance with deductible. It provides for a deductible to be paid by the insured in the event of an accident, but this deductible is decreasing: it decreases in the years without an accident. This may be of interest to drivers who have a good driving record and would like 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 advisable to compare the insurance quotes offered by different companies in order to find the most advantageous offer.

How much does it cost to insure your car?

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

• For a city ​​car (small car), the average cost of civil liability insurance is around 300-500 euros a year, while the average cost of all-risk insurance is around 700-1,000 euros a year.
• For a compact (medium sized cars), the average cost of liability 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 a sedan (large cars), the average cost of liability 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 a SUVs (off-road vehicle), the average cost of liability insurance is around 600-900 euros per year, while the average cost of all-risk insurance is around 1,400-2,000 euros per year.
• For a minivan (spacious and versatile vehicle), the average cost of civil liability insurance is around 600-1,000 euros per year, while the average cost of all-risk insurance is around 1,500-2,200 euros per year.

It should be noted that these average costs can 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 even integrate car insurance dedicated to self-driving cars which are still rather vague due to their actuality. To find out the exact cost of auto insurance for your vehicle, we recommend that you request quotes from various insurance companies.

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