Bonus Malus

Description

The amount of your car insurance premium is calculated from a base premium, multiplied by a coefficient Reduced-Increase (CRM, or coefficient of Bonus Malus), which increases in case of fault accident and decreases after year without accident.

This application allows you to calculate the total additional costs driven by the increased coefficient Bonus Malus following an accident for which you are liable. It will help you decide whether to involve your insurance or whether to directly pay for the repairs of your car (or other vehicle damaged by your fault).

Indeed, in the case of slight collision, the amount of compensation paid by your insurance may be less than the additional costs generated by the increase in your premium.

This additional cost is difficult to estimate. It depends mainly on the amount of your insurance premium and your Bonus Malus coefficient at the time of the accident. The additional cost due to an increase in your premium that extends over several years (up to 13 years).

Here's a little reminder to know what cost to you and those set by your insurance according to your contract:

1 - If you are insured to the third party, the repair costs of your vehicle will be your responsibility. If you have caused damage to another vehicle, the insurance will cover the cost of repairing the vehicle.

2 - If you are insured against all risks and that you just had an accident or hanging alone, you will only pay the amount of the deductible for repairs to your vehicle. By involving your insurance, so you pay the deductible in total plus the additional cost of your insurance due to the increase of your Bonus Malus coefficient.

3 - If you are insured against all risks, and you just have a fault accident (or partially responsible) with a third party, you will have first to pay the deductible for repairs on your vehicle.

Be careful if you have a Bonus Malus coefficient of 0.5 (maximum bonus) for over three years, a fault accident will not cause increase your coefficient, so it will remain 0.5. You will not have to pay the deductible for repairs on your vehicle are assured as if "all risks".

Remarks:

- This application contains no advertising, will not offer you insurance will not send you email.

- You can use it on your phone, it does not require big screen.


Limitations of the calculation:

- It does not take into account the different discounts granted by some insurers that could be removed in case of accident or exceptional reductions related to the decrease in the overall number of claims in some years. The result of this calculation is therefore only an estimate, however, has the advantage of giving an order of magnitude of the additional costs consecutive to an accident.

- The calculation can not take into account that another accident that occurred recently and therefore is not yet integrated with your bonus malus coefficient. Be aware that if you have had other accidents, the overhead of a new accident will be higher. The result you get is a minimum estimate.

- It does not take into account the premium applied to novice drivers.