Purchasing car insurance is mandatory for all drivers in France. However, certain situations can make this task more complicated, particularly if you are considered a high-risk driver or if you have been canceled by your insurer for claims or non-payment . In this article, we explore what this means, the possible consequences, and solutions for finding new insurance.
1. What is a high-risk driver?
A driver is considered to have increased risk when their profile is deemed riskier than average by insurance companies. This can be due to several factors:
- Multiple claims : Having been responsible for several accidents.
- Serious offenses : Drunk driving, serious speeding, etc.
- Termination for non-payment : Having difficulty paying your insurance premiums on time.
- Young driver : Young drivers are often considered risky profiles due to their lack of experience.
2. Termination for loss
Termination for loss usually occurs after several at-fault accidents or a particularly serious loss. Here's what you need to know:
- Grounds for cancellation : Your insurer may cancel your policy if you have accumulated too many at-fault claims over a given period. Each insurer has its own criteria, but often three at-fault claims within two years can result in cancellation.
- Consequences : Cancellation due to claims can make it more difficult to find a new insurer. Insurance companies view these cancellations as a sign of increased risk.
3. Termination for non-payment
Cancellation for non-payment occurs when you fail to pay your insurance premiums on time. Here are the steps and consequences of this type of cancellation:
- Process : In the event of non-payment, the insurer sends a formal notice to rectify the situation. If you still do not pay, your contract may be terminated after 30 days.
- Consequences : As with termination for loss , termination for non-payment complicates the purchase of a new contract. Insurers may demand higher premiums or refuse to insure you.
4. What to do after termination?
If your contract has been terminated due to a claim or non-payment, there are solutions for finding car insurance:
a. Take out specialized insurance for aggravated risks
Some insurance companies specialize in high-risk profiles. These insurers offer policies tailored to drivers with poor driving records, although premiums are often higher.
b. Go through the Central Pricing Office (BCT)
The BCT can force an insurance company to cover you if you can't find car insurance. Here's how it works:
- Application for subscription : You must ask an insurance company to insure you.
- Company Refusal : If the company refuses, it must provide you with a refusal notice.
- Enter the BCT : You can then enter the BCT, which will determine the premium amount and oblige the insurer to cover you.
c. Compare offers and negotiate
Use online comparison tools to find the best insurance deals for high-risk insurance. Don't hesitate to negotiate with insurers to obtain more favorable terms.
5. Prevent future terminations
To avoid being terminated again, here are some tips:
- Practice safe driving : Obey speed limits, avoid risky behavior, and follow road rules.
- Manage your finances : Make sure you can pay your premiums on time by setting a budget and using direct debits.
- Choose suitable guarantees : Choose guarantees that match your needs and your profile to avoid unnecessary claims.
Conclusion
Being canceled due to a claim or non-payment can make finding car insurance difficult, but there are ways to regain adequate coverage. By understanding the reasons for the cancellation, exploring available options, and taking steps to prevent future cancellations, you can secure your car insurance and continue driving with peace of mind.
At KT Assur&Bank , we're here to help you find the best car insurance solutions, whatever your circumstances. Don't hesitate to contact us for personalized advice and a quote tailored to your situation.