Various periods of CASCO insurance: for a month, for six months and other periods. What do insurance companies offer today?

For what period can a CASCO policy be issued?

CASCO is a voluntary type of vehicle insurance against theft, theft or damage. The list of risks is chosen by the car owner at his own discretion and is reflected in the contract.

In most cases, CASCO insurance is issued for a period of 1 year, but the agreement can be issued for a longer or shorter period. Under certain conditions, shortening the insurance period may be most beneficial. For example, if the car is used only in the summer, there is no need to enter into a 12-month contract.

Registration for a long period may not be profitable:

• due to the inability to calculate wear;
• Reducing factors are not applied for increasing length of service or driving without accidents.

The contract can be concluded for any period, even a week, but insurance companies are reluctant to agree to such periods.

Subtleties of design

For some categories of car owners, it can still be said that it is beneficial to take out voluntary insurance for only 6 months. This usually happens in cases where the car is used seasonally.

For example, for trips to the country in the summer or under other circumstances. Therefore, the question of the unprofitability of a six-month policy in this case can still be disputed.

For drivers who constantly use a car, of course, it is better to insure for 12 months so that you can drive safely.

But there are cases when drivers insure their liability only under compulsory motor liability insurance for 1 year, and under CASCO insurance only for the winter period. Winter time is considered to be the most risky and dangerous time due to the difficulty of driving on slippery or foggy roads.

Insurers usually consider six months for a period of auto insurance as individual and not standard. In addition to the six-month period, others are also considered - for 1 month, for 3 months, etc.

An individual insurance program for 6 months can be considered as a seasonal CASCO and linked to the risks of driving in winter. This linkage may also affect the cost of the policy.

Therefore, it is very important when purchasing such a product to carefully look at the terms of the insurance program.

If it is called “seasonal CASCO”, but your reason for buying a policy at half price is the temporary use of the car due to its sale soon, then such a program will be unprofitable for the future policyholder.

Not all insurers practice such a binding plan; often most companies simply sell CASCO insurance at half the price, or call it a minimum package of services.

The largest insurers very often set voluntary insurance conditions in their advertising products - from 6 to 12 months. You can insure your car not only against damage caused to it in the future due to an accident, but also due to hooliganism and vandalism.

There are programs that combine insurance against damage and theft for six months at the same time. The vehicle's engine power, its age, the driver's experience, the territory (region in the Russian Federation) of insurance and other conditions - all this can significantly change the cost of the policy for 6 months.

Is it possible to conclude an insurance contract for six months?

So if insurance companies do not welcome insurance for short periods, is it still possible to get CASCO insurance for six months?

The minimum insurance period is not regulated by law; each insurance company has the right to independently develop programs, setting fees and terms. Due to the fact that this type of insurance is voluntary, firms exercise their right and offer clients services at a profit.

CASCO for 6 months is an individual product, not a standard one, which you can take advantage of either by losing out on the benefits, or by choosing a company that offers a package on preferential terms.

Is it worth insuring your car for six months?

Many people ask whether it is possible to apply for CASCO insurance for six months. Yes, this is possible, because it is profitable for companies to attract customers using a variety of insurance products and individual programs.

Another question is whether this is always advisable and profitable. Insurance for 6 months has both its advantages and disadvantages.

If we consider standard cases when the machine is used constantly throughout the year, then there is no point in overpaying for the service and signing a contract for only half of this period.

In what cases will semi-annual CASCO be beneficial?

In certain situations, a CASCO insurance policy for 6 months may be the only acceptable and beneficial option due to the following circumstances:

• the expected service life of the vehicle is 6 months;
• alienation of property is expected (sale, donation, etc.);
• insurance is issued for the period of a trip or long trip;
• when using the machine seasonally (country season);
• the car is transferred to a third party for six months;
• when insuring special equipment, the operation of which requires a certain period (agricultural equipment during the sowing and harvesting season);
• some car owners enter into a contract in the winter, when the percentage of accidents is much higher.

When analyzing the cost of insurance for a year or 6 months, the benefit of a longer period is obvious. But many insurance companies use special car insurance packages for six months, with favorable conditions, to attract clients.

Which insurance companies offer

Policyholders who are interested in purchasing a six-month policy should first know the companies they can contact, their rates and insurance conditions.

The Russian market for these services these days offers an enormous number of program options and special offers.

Let's consider offers from leading Russian insurers who provide comprehensive car insurance for 6 months.

For example, let’s take a vehicle from Mercedes-Benz, it was produced in 2014, the driver’s age is 40 years, and his driving experience is 8 years. Medical examination for a driver's license? Also, the insurance will be closed for one person, without DSAGO.

Under these conditions, companies will sell a six-month policy at the following cost:

You can purchase a comprehensive car insurance policy not only from banks and specialized companies, but also from private brokers.

You should remember about security measures and be vigilant when choosing an insurer, turn to experts.

The ECAR will help protect every driver from fraud, providing complete information about all policyholders in our country.

Information about insurance companies is regularly updated, which allows you to learn about their new programs, offers and tariffs.

About CASCO as a gift when buying a car is covered in the article: CASCO as a gift.

How much does CASCO cost for a motorcycle, read here.

Differences between 6-month auto insurance and regular insurance

When insuring a vehicle for six months, the program has the same characteristics as the standard one. That is, the car is insured against basic and additional risks in the same way:

• damage (including total);
• theft (theft);
• protection of additional equipment (devices not provided by the manufacturer as part of the vehicle configuration);
• civil liability insurance (if desired, insurance of property, life and health of the driver and persons allowed to drive);
• accident (damage of varying severity to the insured person or death due to unforeseen circumstances);
• loss of commodity value (as a result of an accident and repairs);
• GAP (guarantee of preservation of value, that is, the opportunity to receive a compensation difference between the market valuation of the car and its price at the time of the insured event);
• unexpected costs (technical assistance, insurance of luggage, animals, calling a commissioner, etc.).

But there are also differences from the standard program. Consumers of short-term products are usually deprived of the opportunity to count on discounts, benefits, installment payments and franchises.

The cost of a six-month policy is about 70% of a 1-year contract.

Conditional and unconditional franchise

The discount itself in the form of a franchise implies the car owner’s agreement that he will have to pay part of the costs of repairing the damaged car himself, depending on the terms of the contract.

If the deductible is unconditional, then for any damage to the car below the deductible amount, the burden of paying for repairs falls on the policyholder. And only if the damage is assessed to be more than the agreed deductible amount, the insurance company will pay the difference.

Example: unconditional deductible 20,000, damage 19,000 - no payment. Damage 30,000 - payment will be 10,000.

In the event that a conditional franchise is issued, the car owner will pay from his own funds for repairs if the damage is less than the cost of the franchise. But if the damage is estimated at an amount exceeding the deductible, then the insurance company must pay the entire amount of damage.

Example: conditional deductible 20,000, damage 19,000 - no payment. Damage 30,000 - payment will be 30,000.

Which franchise to choose when applying for CASCO insurance is something everyone decides for themselves. If the car owner is a careful driver and values ​​his time, and minor repairs do not cause difficulties, then a conditional franchise is suitable.

An unconditional deductible for minor and medium damage is not beneficial for the car owner. But an unconditional deductible is always beneficial to the insurer. Therefore, the policyholder is often “forgot” to offer a conditional deductible.

Before contacting an insurance company regarding credit car insurance, you must obtain at least basic knowledge about a particular insurance product in order to make the right choice.

Website editors

Publications on the topics: how to get a car loan, which car to choose for credit, conditions for car loans in banks for new and used cars, how to repay a car loan ahead of schedule, CASCO and MTPL insurance for a loan car. The editors of the “Car on Credit” website help you understand the issues of obtaining, repaying and servicing a car loan

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How to apply for a CASCO insurance policy for six months

If there is a need for short-term insurance, it is better to contact large insurance companies for guaranteed security and confidence in the correct execution of services and payments when risks occur.

Which insurance companies provide semi-annual insurance?

Among the large and well-known insurance companies that provide insurance services for 6 months are the following:

• Ingosstrakh;
• Rosgosstrakh;
• Agreement;
• RESO et al.

According to the ratings, the leading positions in terms of customer trust and service level are occupied by:

1. Rosgosstrakh.
2. VSK.
3. Tinkoff.
4. Renaissance.
5. Agreement.

But when choosing a suitable insurance company, the main thing is not the rating, but the acceptable conditions of insurance and payments.

In addition to insurance companies, brokers, for example, ECAB, provide relevant consulting services on the market. The purpose of their operation is to provide complete information to users about existing insurance companies and the list of their programs. This is especially true due to the constant updating of available companies.

List of required documents

Having decided on the insurance company, you need to prepare a package of documents for execution of the contract:

• statement,
• vehicle owner's passport;
• driver's license;
• PTS;
• vehicle inspection report for wear and damage;
• list of persons admitted to driving and documents for them (passports and driver’s licenses);
• diagnostic card based on the results of the technical inspection;
• vehicle registration certificate.

In addition to this list, each insurance company may require additional documents.

Policy cost

Calculating the cost of CASCO insurance is somewhat more difficult due to the use of a number of reducing factors. But in any case, the cost of the policy should not exceed 1/5 of the price of the car.

The most convenient way to carry out calculations yourself (before contacting the insurance company) is to use an online calculator. This service is convenient because it allows you to calculate a preliminary cost taking into account the individual requirements of a potential client. To do this, just enter the parameters in the appropriate fields, and the program will automatically display the result.

The desire to save half the cost due to reducing the insurance period by half is not feasible.

A CASCO policy for six months will cost only 30-40% less than the standard program. It is not profitable for an insurance company to apply reducing factors, benefits, etc. in the short term.

But there is still an opportunity to reduce the contract price:

1. The higher the driving experience, the lower the cost of the policy.
2. You can limit the list of third parties allowed to drive the vehicle.
3. Installing an anti-theft system will also reduce car insurance costs, because... the risk of theft becomes significantly lower.
4. If there were no insurance payments for previous periods, the insurance company may provide a discount, but at its discretion.

The final cost of CASCO insurance for six months will be individual in each specific case, depending on the selected insurance company and the conditions of its program.

Terms and service options

Since not everyone who wants to buy a short-term CASCO policy is lucky enough to receive such an offer from an insurer, you should help in this matter and familiarize yourself with insurance companies that practice providing such a service. Next, descriptions of their products for six months will be presented.

Where and how to buy

CASCO insurance for six months can be purchased from most insurance companies. But most often it is unlikely that it will be possible to determine its cost using only online calculators. Most likely, here you will have to resort to the help of the insurer's managers.

As stated earlier, purchasing CASCO insurance is not profitable for the entire period, for example, when selling your vehicle. After all, sometimes the time frame for selling a car (especially a rare brand) can drag on for several months. Then a CASCO policy for 6 months may be a completely acceptable option, as it will protect the car from financial risks associated with an accident.

The cost of a CASCO policy for six months varies depending on the chosen insurer, but on average, it will cost 60-70% of the cost of a full policy

What companies offer

Very often, insurers revise their offers in the field of voluntary auto insurance. For example, one year they may allow the sale of short-term policies, but another year they may not.

Next, a table will be presented that summarizes information about insurers who are ready to offer CASCO insurance for 6 months in 2021. Other conditions of such insurance are also spelled out here.

All values ​​are given for a Mercedes-Benz vehicle, 2021 model year. The car owner's age is 40 years , driving experience is 8 years , insurance is only for him, without DSAGO.

Is it possible to get insurance for a car loan?

Car insurance is mandatory when purchasing on credit. This obligation is imposed on the new owner until the debt obligations are repaid. Most often, a car insurance contract is concluded for a year, but if necessary (for example, when paying off the balance of a debt or limited funds after a purchase), banks make concessions and allow you to issue a policy for six months. You should find out about the possibility of such a design in advance, especially if the owner is driven only by the desire to save money.

Registration of a standard package will ultimately cost less, especially when concluding a long-term loan agreement.

How to extend six-month CASCO insurance

At the end of the insurance period, it is not necessary to go through the entire registration procedure again. The renewal can be completed through the official website of the insurance company with which the contract has been concluded.

To do this, you need to enter the necessary data and send an application to extend the policy for approval. If the company’s decision is positive, the employee contacts the client and discusses a meeting time to issue supporting documents. The issue of payment transfer is also being resolved.

If you wish, you can contact the insurance office directly; the repeated procedure will not take as much time as at the initial stage of concluding the contract.

Features of termination of the agreement

The process of terminating the contract is regulated by the legislation of the Russian Federation, therefore the reasons why it is possible to terminate the agreement are limited:

1. Complete destruction of the vehicle or its wear and tear for reasons not specified in the contract;
2. Change of owner due to the alienation of a car. If the issue is resolved amicably, the former owner may demand reimbursement of part of the funds for the remaining period of the policy. But the insurance company will require a supporting document (sale agreement, donation agreement, etc.).
3. Death of the policyholder. In this case, the policy terminates automatically. But the heirs of the vehicle have the right to receive the remainder of the insurance funds or re-register it in their name (when re-registering the car in their name).
4. Termination of the functioning of the insurance company (bankruptcy, expiration of the license). Revocation of a license is usually carried out if certain prescribed conditions are not met. In this situation, the insurance company does not have the right to enter into new contracts and must reimburse clients for the unused period of insurance.
5. Early repayment of debt obligations. The most problematic situation, because it is not regulated by law. Upon termination of the contract, both parties must pay off the amount of insurance debt (in the case of partial payment, the car owner remains the debtor; in case of full payment, the insurance company remains the debtor).

In exceptional cases, termination of the agreement is possible by agreement of the parties due to objective reasons. In other cases, if the company proposes to terminate the contract, this should be reflected in the appropriate clause of the agreement signed by both parties.

The main thing is that the reasons are justified and proven by the party wishing to terminate cooperation. Because if you bring a case to court, you need to form an evidence base to defend your position.

It is important for the consumer to return part of the remaining funds, but for the insurance company this is unprofitable, since some of the services have already been provided. Therefore, insurance companies compensate balances minus interest, which can reach from 10% to 40%. In accordance with the Civil Code of the Russian Federation, such actions of the company are legal. Payments already made for risks that have occurred are also taken into account when reimbursement is made.

It’s easy to get a CASCO policy for six months. SK provide such a program. The conditions do not differ significantly from the standard package, but do not allow the car owner to take advantage of a number of privileges provided by long-term insurance. An exception is specially developed insurance company projects to attract clients. The cost of insurance for six months will be cheaper not by 50%, but by 30-40%, for the same reason - reducing factors and benefits are not used. But in some situations (seasonal use of a vehicle), a six-month policy will be profitable.

How to calculate

In relation to annual CASCO insurance, six-month CASCO insurance is characterized by the fact that insurers can often significantly reduce the insurance premium rate. They do this not always in proportion to the reduction in the period for providing such a service.

When contracts are concluded for 6 months under a voluntary car insurance program, an unfavorable percentage of insurance payments is noticeable - from 60 to 70%, if taken from those insurances that are usually paid under CASCO for annual insurance.

People who do not delve into the calculations and are wondering whether it is possible to issue CASCO insurance for six months believe that the cost of such a policy will be half that of a product that would be purchased for a year.

However, this miscalculation lies only in simple ignorance of the intricacies and mechanisms by which all insurers work.

After all, when calculating the cost of a product for a voluntary type of auto insurance, they also use all kinds of coefficients, as they would use when calculating a compulsory type of auto insurance.

The only difference is in the types of coefficients themselves, but one main thing can be said with confidence - when calculating the cost of CASCO for just six months, a coefficient will necessarily be taken into account, which is called the “term coefficient” (Kc).

It is thanks to him that the price of such a policy is often not 50% cheaper, but 30-40%, depending on other criteria by which the cost of the product is determined.

All calculations for semi-annual car insurance are made on an individual basis for the reason that the program is recognized by insurers as individual.

After all, we have to find out the reason why a person buys such a policy for only 6 months. At the same time, confidentiality is fully respected by law (Law No. 152-FZ of July 27, 2006).

If, for example, the policy will be purchased only for the winter period, then the insurer can additionally apply a seasonality factor in its calculations. But all this must be agreed with the client.

Any independent calculation can only be preliminary and carried out through online services on company websites, where calculators or online policy designers are provided for this.