How to save on car insurance?

Published

2 years ago

September 10, 2022

Among the important points when hiring insurance for a vehicle, having a service with a price that fits the monthly budget is something that many people are looking for. Know more!

What are the characteristics of insurance for black plate cars?

Published

2 years ago

September 10, 2022

Sunny Wars

For many people, motorsport is a passion. It’s no wonder that there are many collectors proud of their collections of black plate cars, that is, old and well-preserved models that are recognized as a rarity .

If you are also passionate about motorsport and keep that powerful classic in immaculate condition in your garage — or are thinking about starting your collection soon — you need to take some care to ensure the safety of the vehicle and keep it maintained.

In this post, we will explain how insurance for collector models works. Are you interested? Keep reading!

What are black plate cars?

The black plate is one of the greatest rewards collectors can get for their zeal for their mighty antique. It is issued by the Detran only for cars that meet the requirements capable of determining them as classics.

For this, the car must have been manufactured more than 30 years ago, have at least 80% of the original parts and be in perfect condition.

There is, however, a risk that the black plates will be replaced after the adoption of the Mercosur standard. As soon as this happens, the classic models will be distinguished by a white plate with gray letters.

How does old car insurance work?

If you own an old vehicle, you probably already know that it is not so simple to insure it. This is because models with more than 20 years of manufacture tend to generate a lot of maintenance expenses and, if they are involved in accidents, their repair is very difficult, as many of the replacement parts are no longer manufactured.

It is common for some insurers to refuse to offer conventional insurance for these vehicles, after all, it is not something advantageous for them. In the case of black plate cars, the situation is even more complicated, as these models are valuable and need much more care.

In view of all this, there is a specific policy for classic vehicle insurance, with some peculiarities. Its value varies according to the conditions of the car, frequency of use and driver profile.

It is important to pay attention to the assessment that determines these points, as collector models are usually much more valuable than what is stipulated in the market table. Compensation needs to be calculated according to its actual value, otherwise it will not be fair.

As classic cars need more care, insurance is usually a little more expensive than normal, but this also depends on the insurance company and the types of coverage contracted, a subject that we will address in the next topic.

What are the coverages of this insurance?

Insurance for black plate cars usually does not have comprehensive coverage – which includes damage from collision, lightning, fire, hail, theft, robbery, etc. — as it needs to be hired separately. There are few insurers that offer conventional insurance for these models.

As collectors are not used to moving around with their powerful, insurance usually only offers coverage for robbery and theft, which guarantees a fairer price. It is also possible to hire full coverage, but its cost is much higher and often not worth it.

Finally, given the particularities of this policy, the owner can choose to take out non-automobile insurance, as if the car were a collector’s object, and not a car. In this case, it is necessary to talk to the insurance company and stipulate what the contract clauses, types of coverage and indemnity amount will be.

Black plate cars are valuable assets and it is common for them to generate expenses both with their conservation and with the care to protect them against misfortunes. This is precisely why your insurance has so many peculiarities, which makes it essential to have a good brokerage firm that can guide you to get the best deal possible!

Auto Insurance

Bike insurance: what types of coverage and how to choose?

Published

2 years ago

September 10, 2022

Sunny Wars

Many cyclists invest in a bike and in high-cost parts to improve it, so it is important to have bike insurance and ensure the protection of this heritage. However, many people have doubts about how insurance works. Does this happen to you too?

Having insurance is a way to minimize the inconvenience and financial losses that can be generated in situations of theft and other unforeseen events that damage your bike. Want to know more about it? Continue reading and clarify your doubts!

How does bike insurance work?

Unfortunately, the assault on this item has increased in recent years and no one is free from a situation like this, so insurance represents greater peace of mind so you can ride anywhere!

It guarantees compensation for replacement or repair in case of theft, theft and occurrences that damage your bike, whether during practice on streets, trails and roads, or when transporting it, as well as compensation to third parties in accidents caused by you and that result in physical or property damage.

Those who participate in competitions across the country also benefit from protection for equipment in training and competitions.

Bicycle insurance can be purchased for new or used items, however, most insurance companies only accept goods with a minimum value of R$3,000. If the original value of your bike is lower, but a part has been exchanged to improve it, you must contact the company to verify the feasibility of the contract.

What are the insurance coverages?

Bike insurance offers some coverage:

robbery and qualified theft : the client is compensated in situations of subtraction of goods under threat and theft by breaking into or crossing an obstacle, such as the breaking of chains and padlocks;
damage to the bike : caused by unforeseen events such as fire, lightning and explosions and accidents during use or transport (provided the bike is in a suitable support );
civil liability coverage : this coverage concerns physical or material damage caused to third parties, such as an accident involving pedestrians, damage to a car while riding, among other situations.

In the event of damage, the insured will receive compensation upon payment of the deductible as established in the contract, which is normally 10% of the value of the equipment.

How to choose a good bike insurance?

It was clear the importance of having insurance, right? However, in order to have protection and avoid headaches, it is necessary that the plan is suitable for your needs, so analyze the coverage and exclusions carefully before finalizing the contract.

In addition, be sure to make a quote to assess which insurer has the best cost-benefit within the desired coverage. Another relevant point is to choose a company with a good reputation and credibility in the market and that has an efficient service.

Having bicycle insurance represents peace of mind in your daily life so that you can go out with it whenever you want, as well as guaranteeing protection in transport or even if it is stored at your home.

Auto Insurance

Learn now how a car insurance deductible works

Published

2 years ago

September 10, 2022

Sunny Wars

Understanding how the insurance deductible works is essential for anyone who wants to keep their property safe. The peace of mind offered by insurance is essential for anyone who has a vehicle. At the same time, the car insurance deductible can be a later expense not considered by the insured.

Not to be surprised, you should know that there is a cost to insurance, known as a premium (the amount you pay to the insurer). However, if you make use of the coverage provided for in the policy, there may be another expense: the deductible.

If you don’t know what it is and how the car insurance deductible works, this post is for you. In it, we will explain how this insurance model works and the different types of deductibles. Come on?

What is the car insurance deductible?

The car insurance deductible is the amount of money you must pay to your insurance company when you call it in the event of an accident. It is a value defined by the insurance company itself and indicated in the policy when the service is contracted.

The deductible, therefore, corresponds to a part of the costs necessary for the repair of the damaged vehicle, for example. However, it does not involve the expenses incurred with towing, spare car and other services offered by insurance companies.

Thus, small repairs often have a lower cost than the deductible. In turn, sharing responsibility for the expenses of a claim can make the driver more careful, avoiding accidents, by driving more carefully.

What types exist?

There are several types of deductibles offered by insurers. There is a tendency to increase the minimum and maximum values reached by this expense.

In general, they can be defined according to the driver’s profile and the type of vehicle insured. Thus, some types are more common and must be observed in all insurance, even in a simple vehicle exchange .

Regular or basic deductible

It is the most common, normally adopted initially in most insurance policies. Each insurer sets the base deductible amount.

extended franchise

In general, it has a value twice that of the basic deductible. On the other hand, the total value of insurance tends to be lower. It is suitable for people who fear the total loss of the vehicle more than partial damage, such as professionals who use the car for work.

Those who hire this type of insurance are willing to bear the costs of repairing the car in cases of accidents with small damages.

reduced deductible

Its value is almost always around half of what the basic franchise would be. In this case, the insurance has a higher cost, as a counterpart.

This type of insurance is best suited for people who prefer to pay a higher policy price than pay for car repairs, even if they are willing to pay for minor repairs.

Franchise exemption

Although limited to some insurers, the deductible exemption tends to make the insurance value much higher than in the case of a normal deductible. In addition, its use has a limit of occurrences.

How does an insurance deductible work?

The car insurance deductible is charged when the damage resulting from the accident is partial. For example, let’s imagine that you have an insurance policy for your car, whose deductible is R$1,000. If there is a crash and vehicle repair expenses total R$6,000, the insurance company will respond for R$5,000.

However, consider that the deductible will be charged if this recovery cost does not exceed 75% of the vehicle’s value. Otherwise, the repair is not carried out and the insurer indemnifies according to the provisions of the policy.

As seen before, the franchise does not involve the assistance services offered. There are also situations such as theft and robbery, occurrences of fire and lightning, as well as the activation of third-party coverage, which may also be exempt.

How to choose the best type of car insurance deductible?

Now that you understand how the insurance deductible works, it’s time to learn how to choose the ideal service for your profile and type of car. Here are some tips on how to make the best choice.

Search for different insurers

There is no shortage of car insurance companies in the market, but not all of them are reliable. So, before hiring an insurance franchise, look for information about the company. To find out about the quality of services, the ideal is to ask friends and acquaintances about the company, in addition to visiting pages on social networks to hear the opinion of other customers.

Analyze your budget

It’s no use wanting to pay high insurance, which offers several benefits, if the deductible does not fit in your pocket. If you hire a service with a very high value, you will have difficulty paying and, if you are involved in an accident with the insurance delayed, you may have problems.

Consider your car model

The repair of a popular car and an imported car has very different values, even in cases of small damage. So, before choosing the best insurance deductible, take into account the value of your car and find out the value of small repairs so you don’t get scared, in case the insurance doesn’t cover the repair of a light crash.

Consider the utility of your car

A person who uses the car for work every day, such as a taxi driver, needs a different insurance deductible than someone who uses the car only on weekends. If the taxi driver suffers an accident that causes serious damage to the vehicle, he will have serious losses, as he needs the car to maintain his livelihood.

In that case, your deductible should cover damages caused by major accidents, otherwise it won’t help much. But a person who takes the car only on weekends doesn’t need it as much, so going a few days without the car is not as necessary as in the first case.

Now that you know how the insurance deductible works and the ways to define it, know that it can make a big difference when hiring insurance for your car. That’s because you can have an accident and have a total loss of the vehicle, but if you have a deductible that covers the purchase of a new car for the same amount, you can have another vehicle at no additional cost to your pocket.