Keep the following tips in mind to purchase the ideal automobile insurance for you. Secure your investment intelligently.
According to figures compiled by the Financial Market Commission, in the first half of 2023 there were nearly 2 million vehicles with automobile insurance. However, during the year almost 6 million mandatory insurance policies (SOAP) were granted, which gives an indication of the volume of the automotive fleet in Chile.
These figures indicate that around only a third of Chileans insure their car against collisions, theft and other damage it may have. What would you do if you had an accident in your new car and you didn’t have insurance? Learn everything about them and what are the keys to choosing your ideal option.
If you browse the internet, you will find a great diversity of insurers, coverages and prices. But, which one do you need? That is a question that you must answer taking into account the main protections that car insurance provides:
- Material damage to the vehicle due to accidents.
- Theft or unauthorized use.
- Civil liability (physical damage to third parties).
These three coverages can be presented complete or cover a percentage, although civil liability coverage is mandatory when contracting this type of insurance. To know which one you need, You must take into account various factors, such as the value of your vehicle, how you will use it and your driving history.
For example, if you have a Toyota Hilux or a Mitsubishi L200, it is highly recommended to insure it against theft or total loss, not only because of its high price, but because they are the most stolen vehicles in Chile according to AACH data. But now, if you drive a low-end car that is more than 15 years old, basic coverage against auto parts theft may be enough and covers damage to third parties.
The deductible is the amount of money you must take out of your wallet to cover the costs of an accident. Usually, the values range from 0 to 20 UF.
For example, if you have automobile insurance with a deductible of 20 UF and you crash, damaging your vehicle and that of another person, the insurer will cover the repair costs from those 20 UF. On the other hand, if you take out insurance with a 0 deductible you will not have to pay anything in the event of an accident, but your monthly cost (premium) will be higher than in the previous case.
Evaluate your risk profile, financial capacity when choosing the amount and characteristics of your vehicle.
In addition to the 3 general coverages mentioned, there are additional assistances that can save you from a scare. In addition, taking them into account helps you buy between the different insurance policies on the market.
Some of the most notable are:
- Replacement vehicle in the event of an accident, maintenance or vehicle restriction.
- Home driver without co-payment.
- Smart deductible (you pay nothing if the accident is someone else’s fault).
- Legal advice.
- Technical Review Service.
- Towing and mechanical assistance on the road (24/7).
Make sure these assists are valuable to you and there is some likelihood that you will need them in the future. For example, if you travel to other cities for work, you will surely want a mechanic to come and help you if your car breaks down on the road.
You already know that, to choose your automobile insurance Ideally, you should evaluate the coverage, deductibles and assistance based on your needs. Hire protection for your investment and protect your wallet in the event of an accident.
Choose a company with a recognized reputation and, above all, one that inspires confidence in you.
2024-02-27 16:07:45
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