How to calculate the cost of CASCO insurance for all insurance companies online?

Motorcyclists, in accordance with current legislation, are considered road users and are subject to the rules of compulsory civil liability insurance. However, as statistics show, drivers of this type of transport are much more likely to become victims of accidents than to cause them. In addition, choppers are easy prey for criminals, since the equipment can be easily carried away by two strong men, then disassembled and sold for spare parts. Based on this, purchasing CASCO for a motorcycle is a necessary necessity, allowing you to compensate for possible damage.

Requirements and conditions for motor insurance

Initially, it should be noted that most companies categorically do not want to get involved with motorcycle insurance under CASCO. The reason lies in the vulnerability of bikers on the road, the high rate of theft and expensive repairs of exclusive models. In the domestic market, only a few companies are willing to take on the risk of insuring a motorcycle against theft and accident.

Most insurers establish the following rules for selling a policy:

• tariff - 20-25% of the vehicle price;
• unconditional franchise - at least 20-50 thousand rubles;
• engine volume - no more than 0.3 l (mopeds have a maximum of 0.05 l);
• year of release - 2017-2020;
• driver's age - at least 25 years;
• driving experience - 5 years or more;
• parking - garage with alarm or guarded area;
• The policy period is April-October.

Note! You can get more favorable conditions when concluding a CASCO agreement. To do this, you need to purchase additional packages of services, such as life, health, real estate insurance and other products, with the implementation of which the insurance company has problems.

CASCO cost for taxi

The tariff is selected individually, but insurance for cars operating in taxis is often the most expensive.
After all, such a car wears out faster and is constantly on the road, which increases the risk of getting into an accident. For these reasons, some insurance companies refuse to insure such cars, but most still sell a package of services, but at an inflated price. Despite this, it is advisable for a taxi vehicle to have insurance, this will save you from even greater costs in the event of an accident.

CASCO compensates the taxi driver for damages in the following cases :

• Damage to a car in an accident.
• Damage under other circumstances.
• Theft, fire, total damage.
• Lost profits while the car was being repaired.

An insurance policy will allow the driver to feel more confident on the road and calmly perform his duties.

What does it depend on?

Since the taxi is constantly in use, the price of insurance will be higher than for other cars.

The final price depends on several factors :

• Driving experience and driver age . For drivers under 21 or over 65, the percentage rate will be higher.
• Age of the car , a discount is given for new cars.
• The make of the car , because the cost of repairs depends on this. For example, insurance on Chinese cars will be more expensive.
• The more congested the roads in the region , the more expensive the insurance.
• Insurance value of the car . If the insurer and the owner value the car at 2 million rubles, then the cost of insurance will be much more expensive than for a car with an estimated value of 1 million rubles.

How to calculate the cost?

CASCO for a taxi is calculated in the same way as for other cars, but using a special multiplying factor.

To find out the approximate price of an insurance policy, many organizations have an online calculator that will allow you to make calculations.

On average, insurance costs from 25 thousand rubles.

How can you save money?

Despite the price of insurance, there are ways to save on CASCO insurance:

• Study all offers , since prices vary greatly from company to company. You can use CASCO aggregators.
• Take out partial insurance with a deductible or “Total/theft” insurance . The latter can be 5-7 times cheaper than the full cost, but will cover damage only in the event of theft or damage that cannot be repaired.
• Refusal of additional services of commissioners and lawyers , tow truck and other things.
• If during the year of insurance the driver did not get into an accident, then he will be able to take out the next policy on much more favorable terms.

Features and benefits of “total/theft” insurance

There are different options for applying for CASCO insurance; often organizations offer insurance in the “total/theft” format, which implies protecting the car only from theft or total damage. Such insurance will be cheaper, but if the car is damaged, there will be no compensation. The insurance company will pay under such insurance only if the car is completely damaged (cannot be restored or restoration is not advisable), or if it is stolen.

What risks and insured events are covered by CASCO for a motorcycle?

Typically, bikers insure their motorcycle against the following risks:

• hijacking;
• theft;
• damage in an accident;
• collision with animals;
• hooligan actions of third parties;
• damage from falling solid objects (trees, hail, building materials);
• damage from natural disasters (floods, earthquakes, hurricanes, tornadoes) and man-made disasters;
• total loss of the vehicle;
• harm to the driver's health.

Related article: Concept of the CASCO law

Note! Insured events do not cover atomic explosions, wars, civil unrest and radioactive contamination of the facility.

Design features

Purchasing a motorcycle insurance policy is similar in general stages to purchasing CASCO insurance for a car. The subject must provide a complete set of papers and sign an insurance contract.

For CASCO for a motorcycle you will need the following papers:

• application (the form is provided by the insurance company, some insurance companies provide it on the website);
• passport or identity document;
• PTS;
• motorcycle registration papers;
• driver's license. If several persons will be driving the vehicle, then driver’s licenses of all persons are required;
• papers confirming the installation of an anti-theft system on the motorcycle;
• if you already had insurance, then it is advisable to present the old policy.

Additionally, the insurance company will inspect the motorcycle and draw up an inspection report, which is also attached to the package of necessary papers. After reading the terms of the contract and signing it, the client receives the policy. True, the practice of granting a waiver on the part of the insurance company is also not uncommon.

And the most common reasons for refusal are the following:

• The motorcycle is over the age limit. For example, in all presented versions of the insurance policy, the maximum age can be only 10 years. A motorcycle will no longer be insured at 11 years of age;
• This owner's motorcycles were stolen very often;
• The motorcycle driver does not have a very good driving history and there is a high risk of an insured event.

How to calculate the cost of a CASCO policy

To calculate CASCO insurance for a motorcycle for 2020 using an electronic calculator, you need to go to the website of the company or broker, find the appropriate section and register in the program.

Then you should enter the following data:

• vehicle make;
• model;
• year of issue;
• engine power;
• purchase price;
• Transmission;
• number of drivers indicating their passport details and length of service;
• region of operation of the motorcycle;
• duration of the policy;
• franchise size.

After this, you need to click the “send” button and wait for the result. It should be taken into account that programs are constantly updated, additional conditions and modifications are introduced into them. You need to be prepared for the fact that the insurer may require additional information.

Please note that if CASCO insurance for a motorcycle in 2021 is calculated using a calculator on the website of an independent broker, then clients will have access to a database of insurance companies carrying out this activity. This will make it possible to find out how much CASCO for a motorcycle costs in different regions of the Russian Federation and find more profitable and affordable options for purchasing a policy.

CASCO for taxis in Moscow and regions

The price of CASCO largely depends on the region. It is directly related to road congestion, since the more cars on the road, the higher the risk of accidents.

There are main factors due to which the price of insurance in Moscow is higher than in the regions:

• Road congestion in Moscow is much higher than in the regions . In small cities where there are few cars, the cost of CASCO is much lower.
• According to statistics, Moscow has the largest number of thefts . Therefore, insurance companies use multiplying factors for this region.
• In Moscow, repairs are more often carried out by official dealers , and accordingly, their cost increases.
• In the regions there are not only all-Russian insurance companies, but also local regional enterprises . They usually enter into agreements with local auto repair shops, which results in lower repair costs.

How to properly apply for CASCO insurance for a motorcycle

The CASCO insurance policy calculator for a motorcycle for 2019-2020 allows you to calculate the estimated cost only technically. There are also subjective factors based on the reluctance of companies to get involved with this category of vehicles. Therefore, you need to come to the office in person and be prepared for complex and lengthy negotiations, concessions and compromises.

If everything goes well, then an agreement is drawn up with the following content:

1. Parties to the agreement.
2. Object of protection (make, model, license plate number).
3. List of risks.
4. Insurance premium amount.
5. Payment amount.
6. Franchise size.
7. Contract time. The period for which the payment guarantee applies.
8. Rights and obligations of the parties.
9. Other conditions.

Related article: Features of damage compensation for an accident under CASCO and how to receive payment

Note! The insurer may impose a condition to install a modern alarm system on the bike, a tracking satellite navigator, and buy a VHI policy. You should agree, because otherwise achieving your goal will be problematic or impossible. You just need to compare how much CASCO costs for a motorcycle, the cost of additional options and the price of the vehicle.

What documents are needed

To conclude an agreement and obtain a CASCO policy, the motorcyclist must provide the agent with the following package of documents:

• identification;
• technical certificate;
• registration certificate;
• certificate of ownership;
• purchase agreement, gift agreement, will;
• previously purchased policy (if any);
• MTPL agreement (current);
• documents for alarm, anti-theft system and other certificates;
• driver's licenses of persons who will be allowed to drive;
• statement.

After checking the provided papers, a company representative inspects the vehicle and draws up a report indicating the estimated cost of the equipment.

Important! The policyholder must provide only reliable information. Forgery of documents and deception of the insurer are grounds for cancellation of the contract and refusal to pay.

How to write an application

There is no universal and legalized application form. To obtain CASCO insurance for a motorcycle, such large companies as Ingosstrakh, Rosgosstrakh, Soglasie, RESO have developed their own forms, which are filled out directly in the office.

There are mandatory items that are prescribed in the application

• to whom (if the form does not indicate the name of the insurance company and its head);
• from whom (full name, postal address, telephone numbers);
• information about the vehicle (make, model, production date, license plate number);
• cost of the motorcycle upon purchase;
• the presence of an alarm and anti-theft system;
• insurance period;
• date of entry into force of the agreement;
• insurance risks;
• regions of use of the bike;
• method of receiving compensation;
• list of persons admitted to management;
• franchise size;
• Additional Information;
• list of applications;
• date, signature, surname.

In most cases, consideration of an application is a purely formality if the details of cooperation have been previously agreed upon with the agent.

Related article: Is it possible to change a windshield under CASCO and how to do it

Is it worth insuring motorcycles under CASCO?

After purchasing an expensive, powerful bike, the owner should think about an insurance policy. And if compulsory motor liability insurance is mandatory, including for this type of transport, then whether to apply for CASCO insurance is up to everyone to decide for themselves. If you weigh the pros and cons, then, of course, it is better to answer this question positively.

There are many features when applying for CASCO insurance, and not in every case the application will be approved. Therefore, before calling agents, you need to prepare. Otherwise, the request will be considered again with more bias.

What is needed to receive payment

A motorcyclist can calculate the approximate amount of compensation under CASCO for a damaged, stolen or destroyed chopper using an online calculator on the website of a broker or company.

To receive compensation in the event of an insured event, the vehicle owner must perform the following actions:

1. In the event of an accident, take measures to provide assistance to the victims, record the accident without creating interference for other road users.
2. Correctly document the events at the scene. If there is evidence of a crime, call law enforcement officials.
3. Inform the insurer about the circumstances that occurred and their consequences.
4. Collect a package of documents necessary to obtain a complete picture of the insured event.
5. No later than 5 days from the date of the incident, submit an application to the Investigative Committee and present the vehicle or its remains for inspection.
6. Wait for the results of the examination. Receive payment or referral for repairs.

The following documents are submitted to the insurance company:

• application (sample);
• CASCO policy;
• contract;
• receipt of payment under the agreement;
• identification;
• vehicle registration certificate;
• documents from the scene of the event (protocols, acts, surveys);
• a statement of theft and a resolution to initiate a case.

If there are no complications with the documents and circumstances of the incident, then compensation for damage is carried out within 20 days from the date of application. This can be done in cash or by carrying out repairs at a service station.

Important! The contract on the part of the insurance company is considered completed if the vehicle owner has received payments confirmed by paper or electronic receipts, the motorcycle has been repaired, and the owner has no claims, as evidenced by his signature on the work completion certificate.

What is CASCO for a motorcycle?

CASCO allows you to insure your vehicle in case it is damaged or the bike is stolen. Even those bike owners who are to blame for damage to their vehicle (vehicle) can take advantage of the insurance. CASCO will cover losses in cases where the motorcycle gets into an accident or a tree falls on it.

When purchasing a bike in installments, it is worth taking out CASCO insurance. This will help reduce the interest rate on the loan.

What to do if a company denies CASCO insurance?

Refusal to sell a CASCO policy to motorcyclists is quite common, as companies do not want to get involved in such a risky business. The reason may be the age of the equipment, the high percentage of thefts in the region, careless and risky driving associated with fines and the driver getting into an accident.

Options for solving the problem with refusal may be as follows:

• provision of an agreement for storing vehicles in a guarded parking lot;
• high bonus-malus ratio;
• increasing the franchise amount;
• purchase of additional policies.

If this does not help, then you should contact the consumer protection authority, and then the court.

Thus, buying CASCO for a motorcycle is not an easy matter, but it is promising. Even large expenses on unfavorable terms cannot be compared with the cost of the vehicle.

The best motorcycle insurance offers on the Russian insurance market for 2021

The most favorable insurance offers are offered by such large insurance companies as Rosgosstrakh, Ingosstrakh and Alfa Insurance, VSK.

Approximate calculation: a policy for the risks of damage and theft for a BMW motorcycle, with an initial cost of the vehicle of 200,000 rubles, can be purchased at Soglasiya for approximately 86,000 rubles, Rosgosstrakh for 90,000, Alfa Insurance for 100,000 rubles .

Although at first glance, the price of a comprehensive insurance policy for a motorcycle is exorbitant, since it amounts to 30–40% of its estimated value, in the event of theft or an accident it is completely justified.

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