How to calculate CASCO on the car yourself?

Every car owner wants to save his transport from all sorts of troubles. And it can be not only an accident on the road. The car can be hijacked from the garage, or a tree can fall on it - in a word, anything can happen. Compensate for the damage in these cases will help good insurance. But it would be nice to know how to calculate CASCO for a car. What determines the value of this policy, you will find in the article.

Types of CASCO

First of all, it should be noted that CASCO is voluntary insurance, which has an individual character. There are two main types of this policy:

• Full insurance. It provides for payments that cover any loss and damage from theft or damage to the machine. This is the case if the terms of the contract are not violated.
• Partial insurance. It provides payments only for specific cases, which are prescribed in the terms of the contract. It is not difficult to guess that partial insurance will cost the car owner much cheaper than full insurance. But the final cost will vary greatly depending on the risks chosen.

It is possible to calculate CTP and CASCO on the car by yourself. And already at home in a quiet environment to consider the feasibility of additional insurance, weighed all the pros and cons.

The components of the price of CASCO

The cost of compulsory motor TPL insurance is clearly established by law and is fixed. Therefore, it will be the same for all insurance companies. The price for the policy of CASCO in different organizations can be very different. It depends on the current basic tariffs and a variety of factors. But still all insurance companies rely on standard criteria, which are taken into account in the calculations. Usually these are the following factors:

• Age and sex;
• driving experience;
• Bonus-malus;
• The territory of registration;
• Availability of franchise and other factors.

Coefficient of age and sex

The first thing that insurers look at before calculating CASCO for a car is the age and sex of the car owner. Long-term studies have shown that the greatest risk on the road is people younger than 22 and older than 65 years. It is they who, according to statistics, most often become the culprits of an accident. The rest of the citizens are considered a more or less reliable category, therefore the insurance is cheaper for them.

Also of great importance is the sex of the person driving the vehicle. Women are classified as risk, but men are considered more experienced drivers. Of course, all people are different, all have their own characteristics, but insurance agents have to generalize.

Factor of experience

It is believed that the more driving experience, the more experienced a person on the road. And this means that insurance will be cheaper. The minimum coefficient, which is equal to one, is assigned to those who spent more than three years behind the wheel and whose age is at least 22 years.

However, here it is worth considering the important condition before calculating the CASCO on the car yourself. If an unlimited number of drivers is allowed to drive, the highest ratio is taken. If a person can get behind the wheel of a certain people, prescribed in the contract, then the agent will calculate for the one with the least driving experience.

Bonus-malus coefficient

This is a very pleasant criterion that works for all neat and experienced drivers. It is appropriated when drafting the contract for those who did not participate in the accident. Otherwise, this coefficient is called a discount for accident-free driving.

If insurance payments have not been made within ten years, the agent may lose half the cost of the CASCO policy. But for those who often become the culprit of accidents, the bonus-malus ratio works the other way. He can increase the price of insurance almost three times.

Territory Coefficient

Before calculating CASCO on the car yourself, it is worthwhile to study the table of the coefficients of the territory. The figures will differ depending on where the vehicle was registered. For each region and city has its own coefficient. So, in Sevastopol and Simferopol the minimum value is 0.6, and in Chelyabinsk and Murmansk the maximum is 2.1. As can be seen, the difference can be very large.

Presence of a franchise

The final cost of a voluntary policy is not affordable for many citizens. One way to purchase insurance is much cheaper to include the franchise in the terms of the contract. This means that the amount of damage that is covered by the car owner at his own expense will be prescribed. The cost of insurance is significantly reduced. But you only need to buy a franchise if you are willing to take risks.

If you are thinking how to calculate CASCO for a car so that it eventually turns out cheaper, consider this option. Yes, and agents themselves often offer their customers to buy a franchise, despite a significant reduction in the price of the policy. In any case, the company benefits. All small damages (dents or scratches) that happen most often will be paid by the owner of the car.

Features of the vehicle

Insurers must take into account the make and model of the car. They have access to a database on the number of thefts of certain cars. For them, there is an increasing coefficient of CASCO.

Also increases the price of the policy cost of the machine. If it is run, then the average market price for a similar vehicle is taken. If it was purchased in the cabin, the agent must calculate the CASCO for the new car, based on the price of the contract of sale.

Also, the insurance percentage depends on the age of the machine. The newer it is, the more expensive the policy will be. But it is worth considering that after reaching a certain age of the vehicle, it does not already have CASCO. And each company has its own threshold.

Other components of the policy price

With an independent choice of the salon in which the car will be repaired, about 20% of the final cost of the policy is added to the insurance. In order not to raise the price, agents provide their list of recommended service centers. The new cars will be repaired under the warranty of the official dealer.

In the presence of anti-theft devices in the car, the price of CASCO also decreases. And in some companies, certain machines do not accept without security systems to conclude an agreement.

You can calculate the CASCO cost for a car at a reduced price, if before that you purchased insurance in another company. Usually, in this case, a discount of about five percent is given to a new customer for trust.

Other factors. Each company has its own additional criteria, on which the value of CASCO depends. It may be the availability of a parking space or a garage, an existing insurance for other property in the company, installment payments, placement of advertising information on the car and much more. A list of such factors should be specified in the selected organization.

Can I independently calculate the CASCO insurance for a car?

There is an opinion that it is much more difficult to determine the value of CASCO than the MTPL policy. And indeed it is. The fact is that the calculation procedure is complicated by numerous criteria and coefficients that are simply not available to ordinary people, because they are not public information.

You can calculate only the approximate price of the policy, which usually does not exceed 20% of the cost of the car. For more accurate calculations, you will need to call or even visit several insurance companies to choose the best option for yourself. If you are interested in how to correctly calculate CASCO for a car, you will have to thoroughly study the tariffs, coefficients, discounts and shares of a particular company. Only after that it will be possible to try to determine the final size of the insurance. But in this case there is a great risk of mistaking the figure, because there are many pitfalls.

A more accurate and easy way to independently find out the price of CASCO is to use the special online services that many companies have. But they will be considered later.

Formulas for the determination of voluntary insurance

Talking about how to calculate CASCO for a car (credit or personal), it is worth noting that insurance agents do this by the formulas. Of course, every company will have its own calculations. But there are two most common formulas.

The first. The cost of the car (CA) should be divided into the product of all possible coefficients (K), and then get the value of insurance.

KASKO = CA / (K1 * K2 * K3 ...)

The second. Specific indicators will be included in this formula.

CASCO = (Damage factor * year factor * age and length factor * franchise ratio * installment factor) + (hijack rate * year factor * installment factor * anti-theft system coefficient).

By these formulas, you can try to calculate the cost of insurance, but in most cases the result will be far from reality. You need to know the exact coefficients of a specific company. One thing is for sure that the price of CASCO increases by 40% for credit cars.

Examples of calculations

Let's look at specific examples how to calculate the CASCO for the car itself by the formulas, if the coefficients are known in advance.

Suppose a vehicle has one owner, he is 21 years old. He has a car with a engine capacity of 110 liters. from. The car was new and did not participate in accidents. He was registered in the Moscow region. The driving experience is two years.

CASCO = base rate * engine power * age and length factor * region coefficient * restriction to management * bonus-malus.

We substitute the current coefficients of the company and make calculations.

CASCO = 1980 * 1.2 * 1.7 * 1.7 * 1 * 1 = 6,867 (rubles). So much and will cost a one-year voluntary policy.

Let us consider another case. The car is new with a capacity of 120 liters. With., He registered in the Krasnodar Territory. The owner is 35 years old, and the driving experience is 10 years. There will be several persons controlling the car.

The formula is the same as above.

CASCO = 2000 * 1.7 * 1 * 2 * 1.7 * 1 = 11 560 (rubles).

Judging by the examples, it is not so difficult to determine the size of the CASCO. But what if you do not know the formulas, the coefficients of a specific firm, and they do not want to share them? No problem - there is a way!

Calculations using online calculators

Specifically, to facilitate the independent determination of the amount of insurance, many companies create on their sites convenient services designed for this purpose. With the help of online calculators it is possible to calculate CASCO for a car "Rosgosstrakh", "Ingosstrakh", "Alfahrakhovanie", "Soglasie" and other companies. To understand how this tool works is not at all difficult. Services are accompanied by instructions-hints and chat, in which you can ask the consultant all the questions of interest.

In just a few minutes you can find out the final amount of CASCO. To do this, fill in all the fields of the proposed parameters. Usually this is the tariff, model and brand of the car, the year of its release and the price, sex, age and length of driving the owner of the car. In some calculators there is a button with which you can reduce the cost of CASCO. She suggests choosing a franchise or some special products that lower the final price.

However, it should be taken into account that the result obtained, although close to the real one, is still indicative. Therefore, there is no need to be surprised if, with the help of formulas or an online calculator, you get one amount, and a consultant in the office will name the other. But in view of the frequent cases of fraud and overstating the price of insurance it is useful to know how to calculate the CASCO for the car itself.