Taking out 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 terminated 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 his profile is judged to be riskier than average by insurance companies. This can be due to several factors:
- Multiple claims : Having been responsible for several accidents.
- Serious offences : Driving under the influence of alcohol, serious speeding, etc.
- Termination for non-payment : Having difficulty paying your insurance premiums on time.
- Young driver : Young drivers are often considered risk 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 termination : Your insurer may terminate your contract if you have accumulated too many at-fault claims over a given period of time. Each insurer has its own criteria, but often three at-fault claims in two years can result in termination.
- Consequences : A termination due to claims can make it more difficult to find a new insurer. Insurance companies see these terminations as a sign of increased risk.
3. Termination for non-payment
Termination for non-payment occurs when you fail to pay your insurance premiums on time. Here are the steps and consequences of this type of termination:
- Process : In case of non-payment, the insurer sends a formal notice to regularize 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 subscription 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 loss or non-payment, there are solutions to find car insurance:
a. Take out specialist insurance for increased risks
Some insurance companies specialize in high-risk profiles. These insurers offer contracts tailored to drivers with unfavorable histories, although the 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 apply to an insurance company to insure you.
- Company Refusal : If the company refuses, they 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 sites to find the best insurance deals for aggravated risks. Don't hesitate to negotiate with insurers to obtain more favorable conditions.
5. Prevent future terminations
To avoid being terminated again, here are some tips:
- Drive safely : Respect speed limits, avoid risky behavior and follow the rules of the road.
- Manage your finances : Make sure you can pay your premiums on time by budgeting and using direct debits.
- Choose suitable guarantees : Choose guarantees that match your needs and your profile to avoid unnecessary claims.
Conclusion
Being canceled for claims 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 your 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 are here to help you find the best car insurance solutions, whatever your circumstances. Do not hesitate to contact us for personalized advice and a quote tailored to your situation.