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Mini auto insurance dictionary
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To ensure the best insurance, you need to understand everything that goes into it. Come check out a mini auto insurance dictionary.

With the “end of the pandemic” the circulation of vehicles on the roads increased again. As a result, the risk of accidents and robberies has also increased. To prevent this, people are increasingly looking for alternatives that minimize losses if the worst happens.


According to a bulletin released by SUSEP, the insurance sector has already seen growth of 15.9%, with accumulated revenue of R$199.92 billion, until July 2022. Even so, many are still reluctant to take out car insurance, for not fully understand what is involved.

To help, we have now separated the most common terms related to car insurance, and a brief explanation of their meaning.

When is a prior inspection mandatory for car insurance?
Mini auto insurance dictionary: learn about some of the most common terms
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Mini auto insurance dictionary

In the world of insurance, some terms are used to describe conditions, services or even situations that the insured may find themselves involved in. Check out the most used expressions listed in this mini car insurance dictionary.

Personal accident – One of the items commonly covered by insurance, the term personal accident refers to any involuntary event that injures the insured person, causing permanent disability (total or partial), death or requiring constant medical care.

Risk aggravation – When there are factors that contribute to increasing a risk in relation to the type of insurance or the contractor. This factor may cause the insurance claim to be denied.


Risk analysis – Assessment carried out by the insurance company, with the aim of identifying the possible risks involved. This study is based on the client's profile, and is used to determine the values ​​applied to the policy.

Policy – Provided by the insurer, it is a document that includes the rights and duties of both parties in an insurance contract. The policy states the risks covered, the value of the premium and deductible and the coverage.

Roof – These are the risks that the insurer is willing to cover. The most common coverages include robbery or theft, collision and total loss. Insurance companies generally offer the option of additional coverage, that is, in addition to the basic risks, they inform you about other risks that they accept to cover, for an extra payment.

Check out the factors that influence the price of car insurance

Franchise – It is an amount, defined by contract, that represents the part of the loss that will be paid by the customer.


The deductible can be simple (with a higher value), reduced (lower value, but with a higher policy price), increased (high value in the deductible and low in the policy) and exempt (generally only for the first claim).

Indemnity –Amount that the insurance company will pay in the event of an accident.

Total loss – This term refers to damage that is not worth repairing, or that cannot be repaired. To be considered a total loss, the value of the damage must be greater than 75% of the value of the car.

Prejudice – Names the damage suffered by the car when an accident occurs.


Award – Amount that the insured will pay to the insurer so that it assumes the risks (determined in the policy) for their vehicle.

Simulate the price of your car insurance on our form.

Risk – Refers to something unexpected that could happen, and against which you want to prevent. For example: anyone who drives a car runs the risk of crashing. In this example, the crash corresponds to the risk against which the insurance company offers compensation.


Safe – It is a contract signed between two parties, where one is responsible for indemnifying the other, through the payment of a monthly amount, if an event (agreed in the contract) occurs.

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SUSEP – The acronym refers to the Superintendency of Private Insurance, a federal body that regulates insurance in the country.

The 3rd – People who cause or are harmed during an accident. This term does not apply to family members or dependents of the insured.

Validity – It concerns the validity period of the contract, during this time, the insured can count on the coverage and indemnity contracted.


Risk inspection – Analysis carried out before signing the contract, with the aim of evaluating the condition of the vehicle. If the car does not pass this assessment, insurance may be denied.

Claim inspection – Carried out after the occurrence, it is a technical assessment, carried out by experts, to determine the real dimensions of the damage suffered.


With the help of this mini auto insurance dictionary, many commonly used terms and expressions were clarified, but many others are used, and unfortunately we are unable to explain each of them here.

If you have questions about a term that was not mentioned above, a tip is to search the Glossary available on the SUSEP website, or if you prefer, contact your broker.


Quote the price of your Auto Insurance now!

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Mini auto insurance dictionary

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Mini auto insurance dictionary


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