CASCO insurance for six months or less: where and how to apply for it?

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.

Insurance of cars purchased on credit

When applying for a car loan, insurance products are often imposed on buyers; in particular, without a comprehensive insurance agreement, the service may be denied.

Lenders may require concluding an agreement only with partner companies and obtaining insurance for the entire loan term. Thus, it has to be renewed after a year.

Such conditions are beneficial to lenders and insurers. However, the policyholder also receives a certain benefit from this: he is provided with a new car and is guaranteed support from the insurance company in case of damage or theft of a vehicle that has not yet been fully paid for.

Neglect of loan terms, in particular refusal of insurance, can lead to problems and litigation. The car can even be confiscated, although such an extreme measure is not resorted to so often.

Experts advise following the terms and conditions set forth by the lender and auto insurer to avoid misunderstandings. You can find tips on the Internet on how best to circumvent the rules and avoid concluding an insurance contract.

But it’s better not to take such a risk in order to save a little.

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.

Where to get insurance

Car owners who want to purchase motor insurance for 6 months must first decide on the choice of a company that offers such a service, find out its tariffs and conditions.

Currently, semi-annual CASCO is offered by almost all auto insurers interested in expanding their customer base.

However, insurance prices and terms are constantly changing, especially due to recent changes in legislation.

Each insurer has several interesting programs in its arsenal, which may turn out to be a profitable solution for a particular car owner.

Let's take a closer look at the offers from the best Russian companies.

As an example, consider the cost of CASCO for 6 months for a Mercedes-Benz car, year of manufacture – 2014, owner – 40-year-old driver with 8 years of experience. Closed insurance, for 1 person. The price will be:

• Ingosstrakh – 117244 rub. or 101751 rub. subject to a 2-3% franchise, an anti-theft system, a car loan;
• Rosgosstrakh - 125482 rub. with an anti-theft device or RUR 118,059. with a franchise for a car on credit;
• Consent - 120,300 rub. with a franchise or 132,300 rubles if the car was purchased on credit;
• RESO – 102250 rub. or 95250 rub. with an anti-theft system, a 2-3% franchise, and a car loan.

Please note that insurance with a deductible, the presence of anti-theft devices and the vehicle being on the credit balance of almost everyone reduces the cost of the policy.

You can conclude a car insurance contract directly with an insurance company, a bank, a private broker, or via the Internet.

Be especially careful when choosing an insurer, use the services of experts, and carefully study the terms and conditions of insurance.

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.

Who benefits from it?

Insurance under the CASCO program has many advantages. One of the first is the opportunity to buy exactly the product that would satisfy all the wishes of the policyholder.

Indeed, unlike MTPL, the car owner himself can influence the inclusion of certain clauses in the insurance contract. At the same time, the driver can choose the validity period of the car insurance policy. Thus, insurers generally issue policies for a period of 1, 3, 6 and 12 months .

The desire to purchase a CASCO policy for a shorter period may arise for many reasons.

The following cases are especially popular:

• The driver does not use the car all year round, but, for example, uses it for summer trips: to the country, to a picnic. In winter, the car is carefully stored in a warm garage, and its owner uses public transport/taxi services.
• Another client of an insurance company may prefer to ride a fast and maneuverable bike in the summer, and transfer to his own car in the winter.
• The desire to buy CASCO insurance for six months often arises when purchasing a car on credit. For example, for 6, 18, 30 months . The driver does not want to spend too much money on purchasing insurance, and according to the terms of a car loan, the presence of CASCO is a mandatory item that must be observed by the bank client. So you have to resort to buying a policy for six months, for a year with an additional extension of 6 months, etc.
• A car owner wants to sell his car in the coming months and considers it unnecessary to purchase a full policy at a higher cost.

Many people mistakenly believe that the cost of a CASCO policy for 6 months will be equal to half the cost of annual insurance. But this is not true at all! As a rule, for the six-month validity of the contract you will have to pay about 65-75% of the cost of the full insurance policy.

Therefore, if a car owner plans to use the car throughout the year, then, accordingly, insurance should be taken out for the entire 12 months . After all, buying 2 semi-annual policies will be much more expensive.

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.

How is it different from a document issued for a year?

When comparing a standard movable property insurance contract with an annual validity period and a shortened version of insurance - from 6 months or less, it is found that both policies operate on similar conditions.

The main difference lies precisely in the period for which the insurance product is issued, as well as in its total cost. It is calculated by the employees of the insurance company based on the established tariffs (what is the CASCO tariff?).

Despite the fact that the cost of, for example, a six-month CASCO insurance will be 30-40% lower than that of a full year insurance policy, the price for a month or one day will be much more expensive.

In most cases, the policyholder cannot count on additional discounts, such as installment plans, discounts, benefits or deductibles.

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.

How to calculate the cost for six months

The price of an insurance service is one of the decisive arguments in favor of choosing one or another insurer.

To make the right and financially profitable decision, you can make a preliminary calculation of the insurance premium yourself. It is advisable to compare offers from different companies for a more objective choice.

Some auto insurers deliberately underestimate the cost of a seasonal policy. However, there is no need to talk about the proportionality of the price. Typically, the price of motor insurance for 6 months is from 60 to 70% of the cost of annual insurance.

The fact is that when calculating the premium, insurers use the validity period coefficient (KS), so the price of the service per year is reduced by only 30-40%, and not by half, as some inexperienced policyholders think.

The exact calculation of semi-annual auto insurance is made by the manager, taking into account the specifics of such a choice. The car owner must explain the reason for his decision and clarify the conditions for using his car.

If he wants to insure the car only for the winter, then the season coefficient is applied.

According to current legislation, all information will remain confidential. Therefore, you can safely announce the reasons for choosing semi-annual motor insurance and the operating features of your vehicle.

An independent online calculation using a calculator on the website of one of the insurers will not allow you to find out the exact price of the service. But you can check the approximate cost of insurance in advance.

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.

What is the cost of motor insurance for six months?

A number of criteria influence the final price of the policy. Therefore, it is completely legitimate that you can reduce your insurance premium by trying to change them.

For example, by taking out a policy for an experienced driver, you can avoid a premium for short driving experience, and insurance for 1 or several specific persons will cost you less than the option with unlimited admission.

The presence of anti-theft equipment is taken into account by most insurance companies as a factor that reduces the cost of motor insurance services. Insurance with a deductible will also help reduce the price.

Don’t forget about the Bonus-Malus coefficient. For accident-free driving, you will receive a discount each time your contract is renewed.

Each auto insurer has different prices because, in addition to their own rates, they apply different coefficients and take into account different factors.

But in any case, you must remember that the premium for 6 months is at least 60% per annum.

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.

CASCO for 12 months or more

A long-term CASCO policy may be beneficial only to those car owners who are regular customers of the company and have a long accident-free driving period. In this case, insurance companies are ready to offer the client the most favorable conditions and additional bonuses.

A car owner who does not meet these requirements can also enter into a contract for a longer period, but the insurance company can set such tariffs that it will be easier to issue a new CASCO insurance annually.

Fleet owners often enter into agreements for a long period. Insurance companies consider them reliable clients and offer interesting offers at competitive rates. IC can offer corporate clients the following opportunities:

• reduction of the deductible amount;
• expanding the list of covered risks;
• installment plan;
• bonus options.

A CASCO insurance agreement for a period of five years is issued much less frequently, since the car wears out over time and its market value falls. But when it comes to luxury cars, long-term insurance makes sense. However, in this case there is a certain risk for the car owner. It is no secret that many companies do not stay in the insurance market for long. If you draw up a car insurance contract for a period of 3-5 years, then it is possible that the insurance company will go bankrupt during this time. In this case, we can advise concluding an insurance contract only with reliable insurance companies.

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.

Main parameters

Some car owners believe that they can only buy a car insurance policy for a whole year. But this is not true at all! Most likely, they simply came across insurance companies that were not ready to sell insurance with a shorter term.

In fact, they exist. But, it is important to note that the calculation of the cost of CASCO for six months, three months, etc. will be carried out somewhat differently. This will be discussed further.

Is it possible to arrange it like this?

The reasons in which cases car owners decide to purchase CASCO policies for a shorter period have already been indicated earlier. So why simply waste your hard-earned money on unnecessary things, you should just buy insurance for the necessary time. After all, this will allow you to both protect your car from various risks and save a lot of money.

If you believe the offers of insurers, they have products with a minimum insurance period of a week and a maximum of a year.

In addition, very often insurance companies issue policies with a validity period equal to:

• one month;
• three months;
• half a year.

Calculation nuances

It is natural to believe that the cost of an insurance policy under the CASCO program with a validity period of 1 year will be slightly more expensive than the same product issued for a shorter period. However, the reduction in cost is not directly proportional, that is, for six-month insurance, the car owner will be required to pay not exactly half the price of the full product, but a little more: approximately 60-70% of the annual policy.

An erroneous assumption about the cost of short-term insurance arises due to simple ignorance of all the intricacies and mechanisms that guide all insurers. After all, when calculating the cost of a policy for a voluntary type of insurance (CASCO), they also use different coefficients, as they would use when determining the price of compulsory insurance (MTPL). The difference here lies only in the types of coefficients themselves.

During the calculations of short-term insurance contracts, another new indicator is added - the “term coefficient” and it is its value that makes the cost of a six-month CASCO insurance cheaper not by half, but by only about a third

To choose CASCO insurance with the most optimal conditions, you should study the offers of at least several insurance companies.

What to do if the insurance company does not pay for CASCO, read here.

But it is impossible to say about the exact cost of CASCO insurance for six months, based only on the term coefficient. After all, the calculation of the price of a short-term policy in a particular case is carried out individually.

So, to begin with, the insurer will want to find out the reason why his client decided to take CASCO insurance not for the entire period. Then, based on the information received, he will be able to indicate the exact cost of insurance. For example, if a car is used only in winter, an additional seasonality factor may be taken into account.

But all these points are discussed in advance with the potential policyholder. Any independent calculation using special online calculators can only be preliminary.

Expected cost

If you want to reduce the cost of insurance under the CASCO program, you should pay attention to the following points that can be changed. Most often, these parameters can be found both in the application form itself and in the fields of the online insurance calculator on the insurer’s website.

Even though each insurance company independently determines formulas and rates for calculating the cost of voluntary car insurance, despite this there is a list of criteria that, by influencing them, can significantly reduce the cost of the final product - a CASCO policy.

They are:

• Insurance will be more profitable for drivers with extensive driving experience. Especially if it is only positive (the occurrence of insured events was not recorded).
• The cost of a car insurance product is also affected by the age of the driver: the younger he is, the higher the cost of CASCO.
• You can make your policy cheaper by including only a limited number of drivers.
• The car is equipped with high-quality anti-theft equipment. This means that this is a reason to reduce the cost of the policy, especially one that is more designed to protect against the risks of theft.
• Include in the product such an item as a franchise.

Thus, it will not be possible to quickly determine the cost of CASCO insurance for a short period of time. After all, its meaning is formed from several factors that are individual in all respects.

While some drivers can boast of having reduction factors, others cannot. For this reason, you should always contact insurance agents first to calculate the cost of your future policy. Thus, the actual cost of CASCO insurance will not leave the client by surprise.

What types of deductible are available in CASCO insurance?

There are two main schemes for calculating insurance payments for CASCO with a deductible.

Unconditional

The agreed portion of the damage is always compensated by the policyholder, and the entire remaining amount by the insurer.

Example

The drivers of two cars have a CASCO agreement with an unconditional franchise of 15,000 rubles. After the accident, the repair shop issues an invoice for 50,000 rubles for the repair of the first one. The payment from the insurance company minus the deductible is equal to 35,000 rubles. The second one receives minor damage worth 5,000 rubles, and no compensation is provided for him.

Conditional

If the damage does not exceed the agreed amount, it is paid by the owner of the car. Otherwise, the entire payment is made by the insurance company.

Example The same two cars, but this time both drivers have CASCO insurance with a conditional deductible of 15,000 rubles. The first repair for 50,000 rubles is fully covered by insurance. Damage to the second, estimated at 5,000 rubles, is not an insured event: the driver repairs the car at his own expense.

This type is less common because it provides the policyholder with more opportunities for fraud. Unscrupulous clients inflate the amount of damage so that it exceeds the threshold value and falls entirely on the shoulders of the insurer.

Is it possible to do OSAGO for six months online? Registration procedure

More and more drivers are choosing electronic policies because of the convenience and speed of registration. OSAGO for six months is no exception; it can also be purchased on the Internet. The registration procedure will not differ significantly from purchasing a policy for a year:

1. Go to the insurance company’s website and calculate the cost of the policy, indicating the validity period you need. If you want to compare prices from different insurers, use the calculator on our platform . This way you can find the most profitable option.
2. Once you have decided on a company, enter all the necessary information about yourself and your vehicle.
3. Pay for the policy.
4. OSAGO will be sent to you electronically by email.

Which insurance companies issue monthly policies?

If there is a need to insure a vehicle for a month, then you need to be prepared for the fact that the cost of such insurance will on average be equal to 30% of the cost of the annual policy. The one-month insurance program is in high demand , so this service is offered by many insurance programs.

So, with which insurance company can you insure your car for such a short period? In this regard, it is appropriate to list large insurance companies that have become popular due to convenient conditions for purchasing a CASCO insurance policy:

• Tinkoff insurance. In this large insurance company it is possible to insure a vehicle for a short period against an accident or theft. But there is one important condition - the insurance payment is made only for one insured event.
• Renaissance. The contract includes the risks of theft and road accidents, but you only need to pay for the insurance policy once.
• Intouch The difference between this insurance company and others is that it offers compensation for damage resulting from an accident. Damage is also compensated, but without the possibility of restoring the vehicle.

How long is the insurance valid?

The standard validity period of insurance is 1 year (how to get CASCO insurance for a year and how much it costs is described here). However, there are other options for registration of CASCO, differing in their duration.

These include:

• 1 month;
• 3 months;
• six months;
• 3 years;
• 5 years.

Which companies provide insurance for a month? These include, in particular:

• Tinkoff Insurance;
• Renaissance Insurance;
• VSK;
• Intach et al.

In the first three cases, services such as insurance against theft and compensation for damage in case of a traffic accident are offered. In the latter, an additional payment is offered against the complete loss of the vehicle after an accident. In these same insurance companies you can apply for CASCO insurance for 3, 6 months, or a year.

For six months or more, the list of insurers increases significantly. For example, they include: Ingosstrakh, Rosgosstrakh, RESO and others. As a rule, they insure, in addition to those already mentioned, such risks as car damage:

• as a result of fire, natural disasters;
• due to falling trees, objects (ice, stones);
• during its theft, robbery, robbery.

Each car owner has the right to renew CASCO policies, and for these purposes it is absolutely not necessary to contact your insurer directly. It is enough to select any insurance company and perform the following actions online on its website:

• register and log into your personal account (personal account);
• then submit the appropriate application indicating the details of your current insurance contract;
• after its consideration by the insurer, an invitation will follow to the insurance company office, where the client will be familiarized with the insurance conditions, innovations, if any, and other necessary information;
• if the parties reach a consensus, the policy is extended for the period specified by the policyholder;
• On the agreed date, you can pick up the renewed contract at the Insurance Company office.

We have the best insurance for six months

Car insurance always comes with a variety of products from a huge number of companies. It is very difficult to understand such diversity, especially if the car owner is encountering this area for the first time. Our agency can help you figure this out. We can offer our clients:

• Wide range of offers. Our company has the best insurance policies from well-known companies.
• Constant market analysis. We are always aware of new trends, monitor promotions and new products from insurers. This will allow you to reduce your costs by up to 30%.
• Fast delivery. After purchasing insurance for six months, we will deliver it as soon as possible to the specified address.
• Cooperation only with reliable insurance companies. We offer only trusted insurers who conscientiously fulfill their obligations to clients.
• Various payment methods. You can buy an insurance policy in installments or through monthly payments.

Legal support for agency clients. If controversial situations arise, our lawyers will help resolve them and also give the necessary recommendations.

Advantages and disadvantages of short CASCO

Among short-term periods, the most popular offers are those with a duration of 3 or 6 months. Typically, such CASCO policies are purchased for the summer and autumn periods by summer residents who do not use the car at other times of the year.

Among the advantages of a non-standard policy period, the following can be noted:

• In the short term: in some cases, the motorist does not overpay for the period during which the car is not used;
• In the long term: the insurance company may make concessions and offer more favorable insurance conditions.

However, non-standard CASCO validity periods have more negative features. The benefit in the short term is often too small and does not justify the efforts made to obtain insurance.

When transporting a car over long distances, the car owner often loses more money if he takes out voluntary insurance for a week. Car transporter services that include cargo insurance are often cheaper.

Often the short-term CASCO period is not beneficial for both parties to the transaction. Insurance companies are afraid of encountering fraudsters, which leads to higher policy prices. Also, the probability of an insured event occurring within the time specified in the contract is quite small.

If a driver wants to take out a voluntary insurance policy, but does not have the required amount, it is better for him not to purchase a short-term CASCO period, but to buy the document in installments. However, if an accident occurs, the owner of the vehicle will have to pay the remaining amount to compensate for the damage.