Per-minute car insurance can be an economical alternative

Per-minute car insurance was regulated by SUSEP and is now available to consumers.

When thinking about car insurance, many people give up on purchasing it because they are tied up in a contract for a year, which in some cases can have a high value.

SUSEP recently regulated a new modality for selling insurance that allows them to be more flexible and adapt to customers' needs, and can be contracted by month or even by minutes.

This type of flexibility already exists in many countries in Brazil, it was beginning to be used, but, with standards that define this type of service, per-minute car insurance should become more popular.

This type of insurance is called pay per use or pay for what you use, as it is possible to ensure that there is protection only at certain times, for example, when leaving your car in your car.

How Per Minute Car Insurance Works

Companies that already sell this type of product work on a prepaid basis, that is, the customer contracts the service and inserts credits into their account so that the amount is charged per minute.

The company responsible for the service installs equipment in the vehicle, so whenever it is turned on the insurance starts to take effect, however, if the user wants the insurance to remain active, for example, when parking on the street, simply keep it active through an application .

The amount charged per minute of insurance use depends on the car model and driver profile and costs around R$0.005 per minute.

Therefore, whenever the vehicle is started or the insurance is activated, the customer will be charged for the time of use, with the amount being deducted from the recharge carried out.

When the credits are running out, simply top up your account again to continue enjoying all coverage.

The coverage offered by per-minute car insurance is the same as the traditional one and includes collisions, theft, theft, total and partial loss.

In the case of a total loss, there is a deductible amount that is usually 4% to 8% of the vehicle price.

To use the service, in addition to the amount charged per minute, there is also a monthly fee for maintenance of the device installed in the vehicle.

The advantages of car insurance per minute

Per-minute car insurance allows people to get an average of 50% discount on this type of protection compared to traditional insurance, however, those who use their cars a little can save around 80%.

The price is not the only benefit, people end up paying only for what they use, this gives them the feeling that they have a fair product that is worth what is charged.

The non-need for a long-term contract is another attraction, it is possible to maintain the insurance for a short period, so it is possible to better plan your finances and cancel or suspend use when you deem it necessary.

24-hour assistance services are also available, however, depending on the company, you may need to pay an extra amount to access them.

Per-minute car insurance can be an alternative for people to have access to protection for their vehicle, paying a fair price when it is used.