Bonus systems have a large influence on premiums. This is why we evaluated each insurer's bonus system as follows:
Evaluation criteria:
- How long does it take customers to reach the lowest premium level?
- How much more do premiums cost after damage in spite of having been accident-free for years?
- How far apart are premium levels over 100%?
- How much more do premiums cost on average after an accident?
- Is insurance for all damage subject to the bonus system or just premiums for collision coverage?
This evaluation criteria was analyzed for 8 different typical driver profiles:
- Profile # 1: 5 accident-free years (+/- 2 years)
- Profile # 2: 5 years (+/- 2 years) with 1-2 accidents
- Profile # 3: New drivers (with up to two years' experience) with no damage
- Profile # 4: Long-term accident-free drivers
- Profile # 5: Long-term accident-free drivers with 1-2 cases of damage within the past 5 years
- Profile # 6: New drivers with 1-2 cases of damage within the past two years
- Profile # 7: Older drivers with decades of experience, with 2-3 cases of damage within the last 4 years
- Profile # 8: Chronic crash drivers with 3 or more cases of damage within the past 5 years
Personal evaluation:According to your information given for comparing auto insurance, you will be placed in a profile category for each insurance claim.
