How to get used car insurance

With the country's current economic crisis, people are increasingly choosing to purchase a used vehicle, this is often due to the price and depreciation being lower.

This does not cause any problems, however when purchasing insurance it can be a little more difficult.

Tips when purchasing used car insurance

Insurance companies usually place some restrictions when taking out insurance, so consumers need to be aware of them. Anyone who has a new car and is going to take out insurance can often do this quickly and without bureaucracy, but when the car is already used it needs to undergo an assessment and that is when problems arise.

In order for the insurance value to be determined, several items are evaluated, such as the driver's profile, model, theft rates and others, but for it to be approved, the age of the vehicle is considered. In this case, insurers normally choose to refuse national cars that are more than 15 years old and imported cars that are more than 5 years old.

This refusal is due to the difficulty of finding replacement parts and when they are found they tend to have a very high value and because of this they end up not representing any advantage for insurers.

Anyone who owns a car and it is already insured, even though it has been used for many years, can renew the insurance without any problems.

Popular insurance

To try to solve this problem and ensure that all cars can have access to insurance, Seguro Popular was created.

This works in a slightly different way and has a much more affordable price, but on the other hand it does not guarantee all the coverage that conventional insurance does. But if you want to have common insurance, know that you can save a lot by purchasing it, as there are several cheap car insurance options on the market.

In Seguro Popular, insurers can use reconditioned parts in vehicles as long as their origin and quality are proven (this happens through a parts register). This makes it much easier to find parts for older vehicles and the best part is that they are at a reduced price.

This also reduces the possibility of the car suffering a total loss (PT), because while in traditional insurance if there is no replacement part the car's PT must be considered, in popular insurance the possibility of finding the part increases. This means the cost to insurers is lower, as it is much more worth paying for the part than the total value of the vehicle.

Take the opportunity to take out used car insurance here at SeguroAuto.org and keep your vehicle protected.