The excessive increases in recent months do not give respite to the pocket. And the automotive sector has not been and is not the exception: starting with the value of cars (0 km and used) and spare parts, continuing with gasoline and patents, and continuing with insuranceto name the most representative.
And in a crisis situation there is no choice but cut expenses somehow. An alternative is to use the car less and replace it with public transportation, saving on fuel consumption and preventing possible failures resulting in the purchase of spare parts and visits to the workshop. Although it is a logical and easy way out, it is very unfriendly for those who are used to moving everywhere with the car.
Another, as with many services, is searching discounts or alternatives to pay less. And insurance is one of the most sought after targets.
In the last six months, the increase in vehicle valuation increased by 139%, while the Consumer Price Index (CPI) grew by 136%, according to official data. However, it is not a statistic that is strictly followed.
For example, a user of a 2013 Ford EcoSport (Kinetic) who in November had paid $19,897 for “Complete Third Party” coverage in April had to pay $48,808; that is, 145.5% more, while the valuation of your vehicle grew by 106.6%.
Recommendations to avoid paying more
Compared to the limited insurance market that only offered the classic Civil Liability, Third Party and All Risk coverage, companies were diversifying their proposals to adapt them to all needs.
Currently the range is so wide that there are few differences between one and the other. Download coverage plan It is a way to save without losing much.
In chat with ClarionMartín Paiva, Commercial Director Direct Channel, Producers and Dealers of Box He acknowledged that calls from policyholders to get better prices have recently increased. “In general terms, the client understands the situation and knows that having good support is key. That’s why there was no migration to other companies, there were jumps from one coverage to another.”
In this sense, those who have “All Risk” seek to increase the amount of the deductible or move to a “Full Third Party” and so on. But be careful! Each quote is different, since multiple variations related to the vehicle, model, age of the insured and place of residence, among others, are appropriate.
These small changes are in line with the recommendations of the Argentine Association of Insurance Producers (AAPAS), whose position is not to undergo drastic changes without advice. And this is where a key factor comes into play: insurance advisory producer.
By working with several companies at the same time and knowing the conditions of each policy in detail, they can become the best advisors when it comes to saving.
Pedro Morando, producer registration No. 57069 explains that producers fulfill various functions; among them, looking for the most convenient options for each need and type of coverage, and guiding the insured with all types of questions.
“The advice is comprehensive. In addition to finding a convenient option, we can also prevent the insured from making false steps in order to find a better price.” Morando refers to the fact that you have to be careful when looking for offers, because not all companies have the same solvency when it comes to covering a claim. “The track record, resources, support and transparency of an insurer are worth a lot, and not everyone knows it. Taking a big leap, such as moving to another smaller or new company in order to pay less, can be counterproductive,” he points out.
Pay per use
Libra Insurance breaks the mold of insurers, being the only one on the market to offer coverage (Orange Time) in which the user pays for the time of use of the car, allowing save up to 60%.
“80% of the people who use the vehicle during the week go from home to work and from work to home. In those cases, in which the vehicle is parked for long hours, the savings compared to a Full Third Party ranges between 30% and 35%; and up to 40% for those who use it only on weekends,” says Fernando Álvarez, Customer Service Manager and Commercial Director of Libra.
Orange Timewhich works with a satellite tracker, is based on “Complete Third Party” coverage (C Full) and applies to vehicles up to 12 years old that do not exceed 80 hours of monthly use.
Online offers
Another way to search for prices is through virtual platforms as comparaencasa.comwhich allows you to compare values between more than 30 companies and choose the most convenient option.
This virtual broker, aimed at a younger or technological audience, also offers the possibility of coverage, company and even canceling a policy with just one click.
And the scoring?
One method used in the United States and Europe is scoring, a system that rewards good driving behavior with discounts.
Although there were attempts to incorporate it into the market, they did not prosper. “The Argentine does not want to be measured by how he drives, but by how much he uses the car,” explains Álvarez, who also adds that this system recognizes every movement of the vehicle and is capable of notifying even when he enters a roundabout without turning. priority of passage to the one circulating through it. .
Some time ago the Center for Experimentation and Road Safety (CESVI) conducted a survey of about 50 questions about “how Argentines drive.” Those consulted agreed that handles very poorlybut they, nevertheless, considered themselves good drivers.
