How to save money with a supplementary car?

How to save money with a supplementary car?

Faced with the rise in car insurance prices expected for 2023, insurers have undertaken, through an insurance shield, to limit the increase in their rates below the inflation threshold. Did you know that you can also save money on car insurance by taking out additional car insurance? We explain to you.

An increase in the price of car insurance expected in 2023

An increase in car insurance rates is expected for 2023. This increase is due to the accumulation of several factors, which increase the amount of benefits for car insurers, such as:

  • The increase in the cost of labor and spare parts;
  • The increase in the number of vehicles that are more expensive to repair (such as SUVs for example);
  • The increasing electronicization of vehicles, which requires increasingly advanced expertise in terms of installation and also maintenance.

These elements will involve an increase in the insurance premium for many policyholders from 2023.

How can the impact of this increase be limited?

Setting up an insurance shield

On Tuesday September 20, 2022, Florence Lustman, President of France Assureurs, and Bruno Le Maire, Minister of Economy and Finance, jointly announced the implementation of an anti-inflation pack intended to preserve the purchasing power of French. Concretely, this means that average car insurance contributions (just like those for home and health insurance) will be limited below inflation in 2023. A check worth €100 will also be distributed to young people drivers looking for a job to lighten their car insurance budget.

“I am delighted that the insurers have undertaken to contain the average amount of insurance premiums below the level of inflation in 2022 and 2023. This makes it possible to put in place, after the energy shield, after the banking shield, a insurance (…) to prevent the price of insurance premiums from skyrocketing in the coming months” declared Bruno Le Maire.

An additional automobile to make additional savings

If you want to be guaranteed savings on your auto insurance, know that you have the option of taking out additional auto insurance. The Roole car supplement for example works like a complementary health insurance, but for your car.

In concrete terms, when you take out an auto insurance contract, you will always have costs that are not covered. Take the case of an at-fault accident, for example.

  • If you are covered “third party”, your main insurer does not cover anything while your complementary car can reimburse you in full for the amount of the repairs;
  • If you are covered “all risks”, you are compensated for repairs, but an excess remains your responsibility. Your complementary car can reimburse you for this deductible.

Similarly, your complementary car may cover certain paid or more expensive warranties or options under your car insurance contract.

To save money thanks to your complementary car, all you need to do is:

  • Increase the level of your deductibles (which will lower the price of your annual premium) according to the amounts covered by your complementary car;
  • To remove from your car insurance contract the guarantees and options that are supported by your complementary car.

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