What factors affect the cost of car insurance?

The cost of insurance is determined by various factors such as the level of coverage, type of vehicle, driver profile, etc.

As for the minimum contract, the cheapest is third-party insurance or civil liability insurance, regardless of the model and make of the car. However, you can opt for a plan with more additional coverage, called intermediate coverage, for a higher premium. Another option is comprehensive insurance. Of course, this is the most expensive formula.

In addition to the level of coverage, car insurance compared on sites such as LeLynx.fr depends on the type of vehicle to be insured. Its cost is one of the main criteria for calculation, knowing that the amount of the contribution is proportional to the cost of buying a car. However, it is worth knowing that investing in a new car equipped with the best crash mitigation technology is beneficial from an auto insurance perspective. On the other hand, vehicles with a high risk of theft are always subject to a significant premium, regardless of whether they are a new model or a used model. Other data such as engine and power can still be added to the list of criteria that will determine the amount of contributions.

In addition, insurers take into account the driver’s profile. In other words, a profile that is considered risky will naturally pay a higher premium.

What is the average cost of auto insurance for a used car?

In addition to the criteria mentioned above, the cost of car insurance depends on the situation. Therefore, the fact that a used car is cheaper to insure than a new one is not always true. Everything depends on the car class, parking conditions, operating conditions, etc. In fact, a car parked on a public road presents a greater risk of being vandalized.

Please note that the average cost of civil liability insurance is around €615, according to the comparator LeLynx.fr.

When choosing intermediate coverage, plan for an annual contribution of around 700 euros. This option is especially suitable if you drive a car that has been on the road for 5 to 9 years. You will benefit from coverage such as glass breakage warranty, car theft warranty and possibly a breakdown or accident assistance warranty.

For its part, the average cost of the casco is 913 euros. However, it is not very suitable for a used car.

As a reminder, this is data collected from a sample of 251,439 car insurance premiums clicked by LeLynx.fr users during the period from 01/01/2023 to 12/31/2023.

How much is insurance for a new car?

Depending on your situation, new car insurance may be cheaper than used car insurance. As mentioned earlier, this type of model presents a lower risk of an accident, even if it is more expensive to purchase. Casco is an ideal cover for a new car. In this case, plan for an annual package of around 700 euros, the same price as an intermediate used car insurance! The all-risks package includes property damage cover regardless of cause, driver cover, theft cover, glass breakage cover and more.

Brokerage insurance can also benefit from good value for money, knowing that it includes most of the essential guarantees. The average cost of the annual premium is 684 euros.

With an annual premium of €558, third party insurance is the most affordable. However, it is far from ideal for covering a new car.

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