Acquiring a car is the dream of many Brazilians, however maintaining this dream is increasingly expensive in Brazil. An example of this is the instability of the price of gasoline and the fact that car insurance has increased in value, not forgetting frequent maintenance and taxes. Keep reading and learn more about the increase in vehicle insurance.
Car insurance can be very expensive.
see more
These are the 4 zodiac signs that love solitude the most, according to…
There are some dog breeds considered perfect for people…
When buying a car, it is of fundamental importance to acquire good insurance, after all it protects you against possible accidents, thefts and robberies. However, this security against incidents can be very expensive.
According to data collected by the Auto Insurance Price Index (IPSA), made by TEx, a intelligence data, in the last year alone, car insurance has increased by 15%.
In addition, although the increase was widespread, there are some factors that make prices become even higher.
Factors that influence the price of insurance
After the pandemic, everything got more expensive and car insurance would be no different. Even because the return of car circulation after a break in circulation economical generated instability in the sector due to the lack of parts, and consequently, made them more expensive.
In addition, it is worth mentioning that during the most intense period of the pandemic, several automakers stopped manufacturing precisely as a result of this lack of parts. Which, above all, reduced the number of new vehicles on the market.
This decrease generated high consequences in the values of these cars, automatically impacting the price of the insurance they have, as one of their bases for defining value, the price of the insured vehicle.
How do insurers define the amount of insurance?
The price of insurance varies according to the car insured, because the first price base is according to the Fipe table. This table aims to define the values of cars in the national territory.
Insurance has it as a basis, because in cases of theft or total loss of a car, they need to pass on to the insured the amount to purchase another of the same model.
In addition to the value of the car, another factor that influences the price is the profile of the driver who will drive the car, such as example, the age of the driver, where he lives, if the driver has a garage or even if the license is provisional or no.
It is worth remembering that, in addition, electric and hybrid cars have lower values than gasoline-powered vehicles, because the chance of theft is lower.
