Doing without car insurance, seriously?

As an increase of around 5% in “car” contributions is looming in 2023, the insurer Leocare is publishing a worrying study* this Thursday morning.

This tells us that more than a quarter of French motorists could consider giving up taking out insurance in order to save money, a value that even reaches 36% among 18-34 year olds.

Admittedly, compulsory insurance is expensive. According to the aforementioned study, 61% of those questioned pay more than €40 each month to drive covered, and 11% pay more than €100.

In a context of an overall rise in the cost of transport (fuel, maintenance, tolls, etc.), some motorists can therefore allow themselves to imagine “planing” to preserve their purchasing power.

However, this is the worst of calculations. Driving without insurance is a growing phenomenon, and exposes offenders to extremely heavy penalties.

We are not talking about verbalizations by the police, which are not very dissuasive. The penalty incurred for lack of insurance is a fixed fine of €750, increased to €3,750 in the event of a repeat offence, with possible additional penalties. (suspension or cancellation of the license with prohibition to renew it, confiscation of the vehicle, etc.)

No, we are talking about the sums to be reimbursed to the Guarantee Fund for Compulsory Damage Insurance (FGAO), which will certainly bear the costs of compensation to be paid to the victims of an uninsured driver, but which will then be returned to the driver at fault of so that the latter reimburses the costs incurred, with an increase of 10%.

The amounts can then reach several million euros depending on the seriousness of the accident. And that’s how to scrape off a few hundred euros a year, a driver will ultimately find himself “loaded” for an entire life.

The Caradisiac advice: paying dearly for car insurance is not inevitable! Examine your contract, relieve it of unnecessary guarantees such as theft cover on an overly old vehicle, and above all put the companies in competition each year. It is very easy to prospect via the Internet, and you will notice real differences in prices with equal guarantees. Do not forget to solicit your own insurer anonymously, because the companies agree perfectly to offer advantageous conditions to new customers. Once you have your quote, you can start “negotiations”…

*Study conducted with a sample of 1,000 people representative of the French population aged 18 to 65 (3 categories: 18-34, 35-49, 50-65). The data was collected using a anonymous questionnaire (5 questions online from September 13 to 20, 2022)

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