It is not an option; you already know that if you have a car you must have insurance. By law, each vehicle must have a contract in an insurer of, at least, Compulsory Civil Liability, that is, insurance to third parties ... if you do not want to have serious problems. Often, to save the maximum possible money in your insurance you only hire this minimum stipulated by the regulations. However, this is often more expensive. Ideally, you should know what your needs are and the parameters that make your policy more expensive or cheaper, so you will get the insurance that best fits your cars and in this way you can sleep more peacefully.
Compare prices
The only way to make sure you are paying less is by comparing insurers. A tedious job, of course, but now numerous websites make it much easier. The comparisons allow you to obtain prices in real time from different insurers through direct connections with the charging engines of each entity and in less than five minutes. It is not nonsense; you can save up to 500 euros from one company to another in a policy with identical benefits and many companies offer $20 down payment car insurance for their customer.
What car do you have?
When you buy a car you have to take into account, especially if you are going to have a limited budget, depending on how expensive the car is so the insurance will be later. Obviously, it will cost you less to insure a Seat Ibiza than an Audi A3, but this is not the only thing that influences. We already explained how to choose insurance depending on the type of car, but we remind you of the main parameters that insurers take into account:
Fuel: Normally vehicles that have a gasoline engine usually get insurance at a lower price than those with a diesel engine.
Brand: What was said? The more expensive the car, the more expensive your policy will go, sure.
Power: Higher power increases the price of insurance because it means there is an increased risk of accident.
Accessories: The extras are not only paid in the final price of the car, but also influence the insurance later. This is so because in case of having to repair or replace an extra it costs more to do it. Keep in mind that a car with a sporty finish is always more expensive to insure.
Color: Nothing goes unnoticed by insurers. Although there are usually no big differences between one color and another, the truth is that with accident statistics in hand, insurers know which color has fewer accidents.
Antiquity: You know that each year that passes your car loses value, then this will greatly influence in choosing a full-risk insurance or one to third parties.
Where do you use it and how: If the car has a garage it costs less, also the province where you live as well as if you use it for work or for private use.
Age
Who drives the car is another important parameter that insurers take into account when offering a final rate. Those under 25 are the ones who get the most expensive policies. This becomes considerably more expensive if the driver is also new.
You are a good driver
You have heard many times that if you are a good driver you will pay less in your car insurance. And it is completely true. Even if you have the cheapest insurance in the world, at the time of renewing it will become more expensive if you have accidents or give your insurer a part on a regular basis. Having all the points of the card and not having suffered accidents is an important plus for the insurer at the time of lowering the rate.
In addition, there are policies for good drivers that set the premium depending on how you drive ... and eye, they know thanks to technology how you drive at all times . These are known as the pay as you drive. There are also policies depending on the number of kilometers traveled per year that may be interesting in some cases.
Types of policies
It is important that you adhere to the needs of your car to be able to pay as little as possible. The policy will have, in short, a price based on the risk you want to cover. In this post, we tell you the most common questions and we also explain why there are so many price differences between insurers.
Basic Third Party Insurance
The Obligatory Civil Liability Insurance is the only one that you can be forced to have. This is responsible for covering the personal and material damages that you produce to another in an accident in which you have been found guilty. More and more insurers include more coverages such as Civil Liability and Voluntary Responsibility in the same package. Although other coverages can also be added, such as:
Legal Defense and Claims for damages, which covers the expenses derived from the legal defense of the policyholder.
Assistance in travel, which helps the insured and the companions in case of road accident, theft or breakdown.
Insurance of the driver, which ensures the payment of compensation in case the driver dies, suffers a permanent disability or needs medical assistance.
Third Extended Insurance
This type of insurance covers the driver beyond his or her guilt in a claim or any other problem. This type of policy usually offers:
Moons break: covers the change of moons and their placement.
Theft: compensates for damage in the event of theft of the car or the accessories it carries.
Fire or Explosion: The insurance can take partial or even total charge in case the vehicle suffers a fire.
Expansion of Driver Insurance or Assistance: simply add more assumptions to those provided by the basic package.
Management of fines: The insurance company is responsible for all procedures derived from traffic sanctions.
Withdrawal of driving license: The driver can access a fixed monthly payment (with a maximum) as a consequence of the provisional withdrawal of the driver's license.
However, nowadays, given the competitiveness that exists among insurers, there are much more complete packages within the Insurance to Third Parties with coverage for damages caused by running over large game animals, assistance with replacement vehicles or cleaning of the vehicle in case of transfer of injured.
Insurance with franchise
It consists of a fixed amount (or a percentage) that the insured and the company agree on depending on the risks they take. The insurer, in case of loss, will pay a percentage and the driver another. In this way, no coverage is waived and a cheaper price is obtained. To give you an idea, if the insured has a franchise of 150 euros and the accident is 200 euros, the insurer will only pay 50 euros, since the first euros of the loss are borne by the insured. They may be more convenient than full-risk insurance without a deductible.
Comprehensive insurance
It is worth it if the car is new or has less than three years, since in case of loss the insurer will compensate with the current market price and not for what it was worth when you bought it. We already tell you in detail when it is convenient to stop hiring them. They tend to have the highest prices, although each company is responsible for introducing more or less coverages to adjust the price. And even if you could believe it ... they do not cover everything.
