CASCO-Profi program at RESO-Garantiya - Tariff conditions, User reviews and Benefits

What is the difference between OSAGO and CASCO

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The essence of these types of insurance is the same, but they have fundamental differences. The MTPL policy is mandatory, while the CASCO policy is concluded exclusively on a voluntary basis, at the request of the car owner.

However, this is not the only difference. The main distinctive feature of these types is that compulsory motor liability insurance is aimed at covering damage to third parties injured in an accident. The culprit, as a result of the damage received, does not receive compensation at all. Thus, the financial responsibility of the person responsible for the accident is transferred to the insurance company, which undertakes to fully compensate all expenses to the injured person.

CASCO insurance is necessary in case of insured events; it allows you to protect your car and obtain insurance. With compulsory motor liability insurance, damages are compensated only to injured persons.

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The scope of insurance risks covered by the CASCO policy is much wider than that of compulsory motor liability insurance. For example, CASCO protects a vehicle not only due to damage caused under various circumstances, but also when establishing the fact of theft and theft.

There is also a difference between these types of insurance in price: compulsory insurance is much cheaper and, accordingly, is more affordable for citizens.

In addition, until recently, the cost of compulsory motor liability insurance for all insurers was the same, but now it fluctuates in the amount of 15-20%. As for CASCO, the price directly depends on the degree of risk and the cost of the car and varies somewhat among different companies.

The amount of compensation for damage is also different: in compulsory motor liability insurance, payments are based on the average cost of repairs, as well as the degree of wear and tear of the vehicle; in the second, payments are calculated in the amount of the real cost of car repairs (at the time of the accident).

The maximum amount of CASCO coverage depends on the cost of the car, but cannot exceed it.

The few disadvantages of these insurances include the following: in CASCO insurance, the age of the insured vehicle should not exceed ten years. For an MTPL policy, this factor is not taken into account.

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How to calculate the cost?

Considering that theft insurance does not provide compensation for damage in case of damage to body parts, when applying for a policy there are no requirements for driving experience and accident-free driving. Other calculation algorithms apply here.

In particular, the fundamental factors in determining the cost are:

• car brand – the likelihood of theft is taken into account here, and for vehicles included in the risk group, the tariff rate will be noticeably higher;
• safety - installing an anti-theft system gives a significant discount, but the owner will have to pay not only for the purchase of equipment, but also for installation and maintenance;
• depreciation - this term defines the physical wear and tear of parts, which reduces the marketable value of the machine.

An additional parameter on which the cost of insurance depends is the storage conditions of the car.

It is quite natural that the price of the policy for a car that is stored in a garage or parked in a guarded parking lot will be lower than for a similar car that is parked in the yard.

Advantages and disadvantages of OSAGO

Advantages of OSAGO:

• The main advantage of MTPL is its low cost compared to CASCO.
• There are discounts for driving without accidents.
• Compulsory motor liability insurance is regulated by a special law (Article 12.37), which specifies the procedure for insurance, payments and the cost of the policy.
• In the event of bankruptcy of the organization that issued the policy, payments will be made.

Flaws:

• Tariffs are set exclusively by the state.
• The maximum amount of coverage is 400 thousand rubles.
• The costs of repair work are covered only for the injured party.

Both types of insurance contracts have their advantages and disadvantages. Therefore, if a car is too expensive, experts recommend insuring it voluntarily.

CASCO and theft - the main aspects of insurance

In the evening, park your car at the entrance, and in the morning you will only see tire tracks. Or leave your car in a parking lot near work, and when getting ready to go home, leave the office and not find it. You can't wish this on your enemy.

But, to my great regret, such developments are not uncommon in our country. Moreover, now, unlike the “dashing” 90s, such illegal actions are not just car theft , but a clearly planned system of actions of a criminal group. Where every person is well trained and technically equipped. Moreover, the operation is planned in advance.

Your hopes that the car is equipped with a standard or any other alarm system, even if its cost reaches ten thousand rubles, believe me, will be shattered. Of course, you can install a special anti-theft system on your car, which is not so easy to hack. And after several hours of torment, the attackers will give up trying to steal it. But will your costs for installing such protection be commensurate with the cost of the car? Of course, unless you are an Arab sheikh and drive the latest model Lambargini.

Based on statistical data, the clearance rate of hijacking cases is very low.

Therefore, you should not count on the fact that the car will be found after writing a statement to law enforcement agencies.
What then should car owners do? , full CASCO with theft is very relevant , which will protect you from any illegal actions of third parties. Such as theft, causing serious damage or complete destruction.

CASCO insurance against theft, what is attractive about it

This insurance product is intended for those people who want to be in control of the situation in any unforeseen situation. For them, security comes first. CASCO insurance against theft and any damage can give you such a feeling of confidence regarding your car

Typically, such an insurance package includes the following types of compensation:

1. In case of any damage caused by third parties.
2. Due to adverse weather conditions: lightning, hail, thunderstorm, flood, explosion or fire.
3. Due to complete or partial loss in a fire.
4. In case of damage caused by falling icicles or building materials.
5. When attempting or committing theft.
6. Consequences of the accident.
7. If the vehicle is damaged by force majeure.
8. In case of complete loss of the car.

There are a lot of moments in our lives that are difficult to predict. Therefore, the benefits of CASCO against theft , complete destruction and other possible damage are obvious. Purchasing such a policy will help to significantly reduce costs when an event occurs.

How much does CASCO cost with theft?

Only an employee of the company where you directly plan to apply for a policy, or an insurance broker, can calculate the full cost of CASCO with theft You can make an approximate calculation using the CASCO calculator. But basically, the price of CASCO insurance, which includes the risk of “Theft”, will range from 5 to 20% of the total cost of the car.

There are several indicators that directly affect the amount of the insurance premium. These include the following:

• Make, model, year of production and class of car.
• The driving experience and age of each driver included in the list of approved persons.
• Insurance territory.
• Availability and owner of the garage.
• Franchise applications.
• Choosing a method of compensation.

Having decided on these points, you can safely proceed to choosing an insurance company. And we will tell you how to do this.

Nuances of applying for CASCO insurance against theft

When concluding a CASCO contract against theft , you should pay attention to the following points:

1. Concepts such as “theft” and “hijacking,” which seem to have the same meaning, can be interpreted differently by insurers.
2. In addition, it is worth checking whether the contract specifies the time during which you are required to report the occurrence of an insured event.
3. And also whether all drivers are included in the list of persons allowed to drive.

As a result, by concluding a CASCO agreement, you protect your financial interests and the car from many risk situations, in the event of which you are guaranteed to receive compensation for the damage caused.

How much is it realistic to insure a car against theft?

Almost all insurance companies, when drawing up a CASCO agreement, include a standard set of compensation - “theft” and “damage”. This happens because for companies selling such policies, it is important to equalize the loss rate for each risk. After all, the frequency of compensation for losses associated with damage ranges from 50 to 100% annually, and theft is a rare event, accounting for only 2% of the total number of recorded insurance cases. Only the amount of payments for the risk “Theft” is several times higher than compensation for damage, since when such a loss is registered, the entire insured amount is paid in full.

This is precisely the reason that not every insurance company can offer to insure a car against theft and nothing more. In addition, the emergence of a similar situation in the insurance market was influenced by the events of the 2000s, when issuing protection only against theft was quite popular among policyholders. After all, it cost much less than full CASCO insurance. And scammers did not fail to take advantage of this. The policy was often issued for a car that no longer existed or was made from several broken ones. And after the company accepted the statement of theft, its real market price was paid. At that time, insurers suffered huge losses and almost all rejected such a service as concluding a CASCO agreement only against theft.

But now you can still find companies that provide their clients with the opportunity to insure their car only against theft, which is very rare. Such insurance companies detect fraudulent activities even at the stage of preparation for concluding a contract. The main points of such a check are a thorough pre-insurance inspection and examination of original documents.

Another important aspect when deciding on the possibility of concluding a CASCO policy only with theft is the presence of a modern anti-theft system. If the alarm system installed on your car does not meet some parameters, then failure is inevitable.

Advantages and disadvantages of CASCO

CASCO primarily insures the owner's car. This allows you to be sure that the vehicle is safe, so it is very important to have a voluntary insurance policy on hand.

CASCO advantages:

• Payments can be made by the insurance company, both in repairs and in cash.
• Guarantee of payment in case of an insured event.
• Payment is made regardless of who is at fault for the accident.
• Coverage of damage caused to a car as a result of an accident due to the illegal actions of third parties, force majeure, etc.
• Compensation is made in the form of the actual cost of repair work at a service station (excluding wear and tear of the vehicle).

Flaws:

• The need to take out a policy when purchasing a new car. Most often, financial institutions include the cost of the policy in the amount of the issued car loan in the first year of using the car.
• High cost of the policy. On average, the price of CASCO is about 10% of the cost of the car.

Despite the high cost, the CASCO insurance contract reliably protects the vehicle in the event of many unpleasant situations.

What payments are provided for compensation for auto CASCO damage?

The same traffic accident can be an insured event under all insurance policies (CASCO and MTPL). For example, when leaving a secondary road you collide with a car traveling along the main highway. In this case, based on the CASCO agreement, you will be paid compensation for car repairs (or it will be carried out at the expense of insurers), and under the terms of OSAGO, compensation payments will be made for damages from an accident.

In this case, it is necessary to pay special attention to some points. In particular, among the main nuances of CASCO we can highlight:

• insurance payment under CASCO is made regardless of who was determined to be at fault for the accident. In other words, even if an accident occurs due to your fault, the insurance company will reimburse you for the cost of damage to your vehicle as a result of the accident;
• if the cost of repairs exceeds 75% of the insurance price of the car (for some companies this threshold may differ slightly, both up and down), then the insurance payment is made on the basis of total loss (constructive). Taking into account all the features of the insurance agreement, even minor damage can lead to this outcome. Thus, compensation for damage will be subject to deduction of wear and tear on your car that has occurred since the date of execution of the contract. At this stage, deliberate actions by insurers may be noticed, which are aimed at reducing insurance payments. If you do not want to encounter such a phenomenon, then we highly recommend that you conduct your own independent examination of the cost of the usable remains of the vehicle;
• All machines that are continuously used for at least 5 years gradually lose their marketable appearance. Thus, the insurance company takes this into account and calculates the loss of marketable value (LCV). Essentially, this is the actual damage to your car that is caused by an accident on the road. Based on this, we can say that if your car was already under repair due to an accident before taking out insurance, then the amount of insurance compensation will be significantly lower than for owners of new cars;
• if during the insurance period you did not have any insured events, then when you renew the agreement, or register for CASCO insurance for the next year, the insurance company is obliged to provide you with a “break-even” discount. If insured events took place, then in such a situation the additional cost of the insurance policy will be added to the insurance premium (in some cases the difference can reach 100%). If you are faced with a similar problem, then it will be much easier to change the insurance company than to pay exorbitant prices for an insurance policy;
• some types of compensation may be issued without providing certificates from authorized bodies (Attention! This does not apply to all insurers. Some companies deliberately exclude this clause from the agreement). As a rule, such rules apply to cases where the amount of damage does not exceed 2% of the insurance price;
• payment of insurance compensation may take the form of payment for repair work, but only on the condition that it is carried out at the official service stations of your dealer. Here, it is especially important to immediately check before applying for insurance whether the insurance company has concluded service agreements with the representative offices of your dealer in the region;
• If you take out a compulsory motor liability insurance policy, many insurance companies give you a discount on CASCO insurance.

Important! Despite all these nuances, insurers try to satisfy the needs of clients to the maximum, since the lion's share of the profits of insurance companies comes from CASCO policies.

Is it worth insuring your car under CASCO?

Despite the fact that CASCO insurance is not cheap (about 10% of the price of the car), the contract guarantees payments in the event of various unpleasant situations: upon the occurrence of an insured event, in force majeure circumstances, etc. Compensation is reimbursed in cash or by carrying out repair and restoration work.

In some cases, for example, when buying a car on credit, CASCO insurance is required. This is due to the fact that banks are thus trying to protect themselves. If you refuse to register for CASCO when purchasing a car, you may not be given a loan.

However, if you look at this situation from the other side, then it is better for the future owner of a new car to agree with the financial institution and take out voluntary insurance. Repairing new cars is quite expensive, and in the event of an accident due to the fault of the owner, according to OSAGO, you will have to cover the damage caused to your car yourself.

If a car is purchased on credit, do you need to apply for compulsory motor liability insurance if you have CASCO insurance? Mandatory, since the presence of voluntary CASCO insurance does not exempt the car owner from this type of insurance.

OSAGO also has its advantages. Thus, for accident-free driving, discounts and insurance payments are provided even in the event of bankruptcy of the insurer.

Benefits of CASCO against theft

Despite some limitations, this auto insurance option has a number of undeniable advantages.

It looks like this:

• average savings of 40-50% of the cost of a standard CASCO agreement;
• higher amount of payments: in most cases, having received insurance, you can purchase a similar car;
• the ability to insure a car not only against theft, but also against constructive loss.

Disadvantages of insurance include the need to repair minor damage yourself. It's no secret that minor scratches and dents appear on a car much more often than serious damage or theft.

If an accident occurs, apply for compensation under OSAGO or CASCO insurance

Often, drivers who have two policies wonder which policy is more profitable to obtain insurance in the event of an accident.

If the car owner has both policies in hand, then in case of an accident it is worth considering the following points:

• Conditions of the insurance contract.
• Circumstances of the accident.
• Extent of damage.
• Speed ​​of payment (CASCO is paid much faster).
• Who is the insurer?

Important! If the car owner is not the culprit of the accident and the amount of damage caused is less than 400 thousand rubles, then it is still better to use compulsory motor liability insurance. Since there is one drawback when deciding to receive compensation under CASCO insurance - next year this policy will be significantly more expensive for him.

To avoid problems with payments, all drivers who are allowed to drive a car must be included in the CASCO policy. If the driver who is not named in the policy is driving, the policy will be denied payment. If at the time of taking out insurance it is not known who will drive the car, then you need to buy unlimited CASCO insurance.

Regardless of who is at fault for the accident, the insured must have a compulsory motor liability insurance policy. Therefore, there is no need to doubt whether OSAGO is needed if you already have CASCO insurance. Otherwise, problems with payment may arise.

How to calculate insurance and what affects the price

To calculate the cost of the policy, as indicated above, you can use online calculators, but you can also call the hotline operator for detailed advice on insurance programs and determine the cost.

To calculate using the online calculator, you will need the following data (data may change depending on the company you choose):

• car model;
• owner's age;
• PTS number and VIN;
• year of car manufacture;
• car mileage;
• the number of people allowed to drive a car;
• the age of the youngest driver allowed to drive your vehicle;
• approximate cost of the car.

Next, you will need to select the additional options you need. After entering all the data, the cost of CASCO insurance will be displayed.

The price of theft, total and theft insurance is influenced by several factors, such as the characteristics of the car, the characteristics of the persons allowed to drive the car, as well as the conditions for issuing the policy.

This means that the higher the cost of the car and the more expensive it is to repair, or the drivers have little driving experience, and you have chosen certain additional options, the higher the cost of such a policy.

Insurance companies provide additional promotions for package purchases of services. This means that the cost of the CASCO contract can be reduced. Especially if you insure the car against theft, and not against all risks at once. Also, the reduction in the cost of the policy will be affected if the policyholder with a long and accident-free driving record drives the car alone. The vehicle is not on the list of most stolen vehicles. Basically, the cost of a CASCO policy ranges from 1.5% to 12% of the market price of the car.

In order to issue a policy and pay for it, you need to contact the insurance company in person, or apply for a policy online; insurance companies currently offer such a service.

Related article: Features of CASCO policy renewal

Buy both policies from the same or different insurance companies

If an accident occurs, the vehicle owner has the opportunity to apply for CASCO to one company or for compulsory motor liability insurance to another. However, if the car owner decides to buy CASCO insurance in addition to compulsory motor liability insurance, then the question may arise whether it is necessary to purchase different policies from one insurer or whether it is better to contact different companies. There is no clear answer to this question, but there are pros and cons in favor of both options.

Advantages in favor of drawing up contracts with different insurance organizations:

In the company where the compulsory motor liability insurance was issued, despite the CASCO benefits, it is convenient to receive it.

Minuses:

• If the company turns out to be unreliable, the car owner may have problems with two insurance policies at the same time.
• Quite often there are unfavorable conditions at the time of concluding a contract than in another organization located somewhere in a remote office.

The choice of insurer must be made with responsibility, since insurance conditions in different companies can vary significantly.

Advantages of choosing to take out insurance with one company:

• The insurance procedure is simpler and does not take much time.
• Often, when taking out insurance for both types, companies provide car owners with discounts.
• Some insurers, when insuring CASCO insurance, offer a client who has previously received compulsory motor liability insurance from them a discount for each year of accident-free driving, starting from the date of insurance.

In conclusion, it is worth summing up. Whether CASCO is needed if you already have MTPL is up to the owner of the car to decide. At the same time, he must be guided by his own interests and determine for himself what compensation and in what amount he would like to receive in the event of an insured event.

Today, all vehicle owners have a choice. This is explained by the fact that at the time of concluding CASCO, insurance organizations have greater opportunities. They have the right to set deadlines for compensation of damage and establish the amount of insurance payment. In addition, insurance companies for which payment is provided under the CASCO policy are also determined by the insurance companies. Accordingly, by contacting different organizations, you can issue a policy under different conditions.

Conditions of insurance against theft and total loss of a car

Each insurance company has different insurance conditions. Therefore, to choose the compensation model that is specifically necessary and beneficial for you, you can turn to CASCO calculators, of which there are now many. They are located both on the websites of insurers and in the public domain on other informative websites. Also on the official websites of insurance companies are more complete insurance conditions. Even if huge texts with information seem tedious, boring and unnecessary to you, you need to read it. In the future, the information you receive will help you receive payment when an insured event occurs.

Related article: Subrogation under CASCO

Insurance companies set various requirements for cars to obtain insurance. Basically, the car must be under 12 years old, an anti-theft system must be installed, and the vehicle must be in good working order. One of the important points is the ownership of the car. The vehicle must be registered with the state in accordance with the law.

Features of insurance

Voluntary car insurance can turn into siphoning money from the insurance company's client. To prevent this from happening, you must follow several rules :

• The insurance company must be stable according to RAEX rating.
• Find out in advance at the insurance company office about all tariffs, services that are included in them and additional options that are paid separately.
• Choose an insurance company according to your needs, and not vice versa. There is no need to buy full CASCO insurance impulsively. You should weigh all the pros and cons, think about what services may be needed and which are not necessary. Only then, in accordance with your needs and desires, look for a suitable insurance company.
• Check with the insurance agent all the interesting and unclear clauses of the contract. Don’t be shy about asking your agent simple and seemingly understandable questions. For example, on the websites of many insurance companies the “Emergency Commissioner” is also indicated. For some companies, these services are included in the cost of the full CASCO tariff; for others, these services are provided for an additional fee.
• Be sure to read the contract before signing! Even the most smiling consultant may “forget” to report some details of the contract, which will be interpreted not in favor of the policyholder.

The full CASCO voluntary car insurance rate includes insurance against theft, theft and damage. Many insurance companies are ready to offer vehicle owners convenient design rates. Additional options and packages will help you always stay on your wheels, quickly receive technical and legal assistance, and receive payments from the insurance company without certificates from the traffic police.

Insurance company programs

In Russia, only a few companies offer comprehensive insurance only for the risk of theft. “RESO-Garantiya” under the “Theft” program insures only cars under 12 years of age, and also does not require the presence of an alarm and search system (if the car is not at risk). The insurance company operates under the CASCOsnova program. The terms of the program say that cars up to 7 years old and costing no more than 2.5 million rubles are eligible for insurance. Car theft insurance is only allowed for drivers with at least 5 years of experience.

Insurance company rates are usually based on the degree of protection of the car and its position on the list of the most stolen cars. Companies often offer the services of partners for the installation of alarms and anti-theft systems. This may cause the car to be removed from the warranty, which is especially important for those car owners who are applying for comprehensive insurance for a new car. And in this case, you have to choose: either follow the lead of the insurance company, or insure the car in full, but avoid making changes to the design.