Finding insurance after termination due to increased risk is possible thanks to specialized solutions adapted to terminated drivers.
Having your car insurance contract terminated for non-payment , accumulation of claims or driving under the influence of alcohol or drugs can complicate the search for new insurance. However, solutions exist for drivers in a situation of increased risk . Find out how to find suitable coverage despite these circumstances.
1. What is a Termination for Aggravated Risk?
Insurance is considered terminated for increased risk when the insurer terminates the contract due to behaviors or situations deemed high risk. The main causes include:
- Non-payment of contributions : If you do not pay your monthly payments on time, your insurer may terminate your contract.
- Accumulation of claims : Multiple accidents or claims may result in termination because the insurer considers the risk too high.
- Driving under the influence of alcohol or drugs : A conviction for driving under the influence is a common cause for termination and increased premiums.
2. Consequences of Termination for Aggravated Risk
When your contract is terminated, it can have a significant impact on your ability to obtain new insurance:
- Increased premiums : Insurers often apply higher rates for drivers with increased risk.
- Reduction of guarantees : Available offers may be limited to basic guarantees.
- Registration in the AGIRA file : Your termination will be registered with the Association for the Management of Information on Risk in Insurance , which makes your profile visible to other insurers.
3. How to Find Insurance After Termination?
Despite the difficulties, it is possible to take out new insurance adapted to drivers at increased risk. Here are some steps to follow:
a. Use a Specialized Broker
An insurance broker, such as KT Assur&Bank , can help you find a personalized solution through partnerships with specialized companies.
b. Prepare a Complete File
- Provide your statement of information to explain the circumstances of the termination.
- Highlight efforts made to improve your behavior, such as taking road safety awareness courses.
c. Choose Specific Insurance for Aggravated Risks
Some companies offer contracts specially designed for terminated drivers, with adapted guarantees and adjusted premiums.
4. What Solutions to Reduce Insurance Costs?
Even in a situation of increased risk, it is possible to reduce the cost of your insurance:
- Opt for third-party coverage : This basic formula is generally less expensive.
- Increase your deductible : By agreeing to pay a larger share in the event of a claim, you can reduce your premium.
- Limit your travel : Reducing your annual mileage can have a positive impact on your rate.
- Install safety devices : Alarms or GPS trackers can reduce the risk perceived by the insurer.
5. Why Choose KT Assur&Bank for Aggravated Risk Insurance?
At KT Assur&Bank , we support terminated drivers to enable them to find a solution adapted to their needs:
- Network of specialized partners : Access to offers designed for risk profiles.
- Personalized advice : Analysis of your situation to offer appropriate guarantees.
- Simplified procedures : Assistance in putting together your file and quickly taking out insurance.
Conclusion
Being terminated for non-payment , accumulation of claims or driving under the influence of alcohol or drugs does not mean the end of your insurance options. Solutions adapted to drivers at increased risk exist and can allow you to get back on the road completely legally.
Contact KT Assur&Bank today to get a personalized quote and benefit from our expertise.