CASCO online: how to take out comprehensive car insurance with Euroins yourself

Taking out a comprehensive insurance policy has always been seen as a time-consuming process. However, the global trend towards digitalisation is finally changing the rules of the game. In this new article, we explain how to calculate the cost yourself, carry out a visual inspection of your car using a smartphone and obtain a policy without making a single phone call to a sales representative.

Until recently, taking out comprehensive car insurance (CASCO) cover was like a real quest. You had to find time to visit the office, wait for a manager, arrange a time for an expert to inspect the car and sign a pile of paperwork. But today, the rules of the game have changed radically. Global markets are driving a new trend — the shift towards the full digitalisation of standard insurance products.

According to data from Auto Insurance Shopping Trends, modern drivers demand instant decisions. People are turning away en masse from phone calls and in-person visits to agents in favour of direct online purchasing channels. Consumers expect to be able to calculate the cost and purchase a policy in just a few clicks on their smartphone. Ukraine is not standing on the sidelines of this ‘digital tsunami’ either.

We are pleased to announce that Euroins, in partnership with the FinBest platform, is launching the online sale of comprehensive motor insurance. You can now calculate the cost yourself, carry out a vehicle inspection and pay for your policy directly from your smartphone. The main advantage of this new approach is complete autonomy. The process is fully automated: you decide for yourself when and where it is convenient to take the time to protect your car.

From the price configurator to the virtual inspection: how it works

When calculating the price on the FinBest website, you’ll see exactly how the price is calculated. It traditionally depends, firstly, on the market value of your car, its year of manufacture and the chosen plan (CASCO Classic for maximum cover, or CASCO 50/50 if you’re only willing to pay half the cost upfront).

The algorithm also takes into account the place of registration, your age and your driving experience. Another important factor is the excess. This is the amount of the loss that the insurer does not cover. In other words, if your car is damaged, this is the amount you’ll have to pay for repairs out of your own pocket, whilst Euroins will cover the rest of the costs. So a simple rule applies here: the higher the excess you’re prepared to accept, the cheaper the policy itself will be.

Taking Ukrainian realities into account, Euroins has also provided additional cover against war risks. When calculating your policy on the FinBest platform, you can choose with a single click whether to include cover for damage caused by falling drones, missiles or their debris.

You can flexibly combine these settings to find your ideal balance between price and level of cover. And to avoid any distractions whilst taking out the policy, it’s best to prepare the necessary documents in advance at : the vehicle registration certificate, the owner’s passport or ID card, their tax identification number and driving licence.

Once you’ve selected your policy options and verified your identity, the most interesting part begins — a vehicle inspection without an expert visiting you. To do this, the system will suggest you use the special Object Control app. It acts as your personal virtual assistant: it gives clear instructions on the best angles from which to take photos of the car and how to correctly record the VIN and mileage.

The photos taken are instantly and securely uploaded to the Euroins system for approval. As soon as the inspection is confirmed, you receive a payment link. The completed electronic contract is sent to your email, and it has the same legal force as a standard paper form with a wet stamp.

The launch of a fully automated comprehensive motor insurance policy on the Finbest platform marks Euroins’ first step towards the large-scale digitalisation of complex insurance products. Going forward, we plan to roll out this convenient technology on our own website and on the platforms of other online partners. After all, modern insurance should be just as quick and intuitive as ordering a taxi or a pizza.

Follow the link, calculate the cost and take out cover for your car with Euroins at a time that suits you!