Aspects to consider when choosing the best car insurance:
Any owner of a registered car is obliged to take out liability insurance. It is a basic insurance that covers the damages that a driver causes with his car to a third party, either to the vehicle or the passengers of the other car as well as to the occupants of his car, but it does not cover his injuries, those caused to your vehicle, or the items in it. If you do not want to take any financial risk and be fully covered in the event of an accident, that is, compensation for both the vehicle itself and the at-fault driver, you also have the option of taking out comprehensive insurance, with more coverage.
Do I contract my insurance directly with a company or through an insurance broker?
One of the first considerations to take into account is: with whom do I contract the insurance? In the market, you will find the option of buying directly from an insurance company or hiring through an insurance mediator.
In the first case, the main motivation is immediacy and price, perhaps driven by a campaign or promotion. In the second, the act is more reflective; the driver likes to compare the available offer and usually looks for a more personalized product. Besides, if you trust a mediator, you will usually get a good price since it will be adjusted with the company. In the case of going to a mediator, he is obliged to carry out an objective analysis that includes a comparison of insurance according to coverage and prices that are very practical when choosing good insurance that suits our needs.
The most important factor to take into account to make your decision correct is, without a doubt, the age of the car. Comprehensive insurance is more expensive and will not be worth it if your vehicle is more than 10 years old. Choosing comprehensive insurance as long as the car is not more than five years old. If it exceeds them, and depending on the condition and use you give the car and its depreciation, which varies depending on the make and model, it may be more interesting to take out comprehensive insurance or, on the contrary, opt for a “third party” with expanded coverage, such as fire, windows or theft, among others. If the vehicle is more than 10 years old, the most reasonable option is third party insurance.
But not only do you have to assess the age of the car, but there are also many other factors to take into account when choosing the best insurance for your car: how you use it, type of car if you live in a city or the country if your car is parked on the street.
If you live in a rural or isolated area with nearby hunting grounds, it is interesting to consider hiring the optional and additional guarantee for hunting damages, to cover the responsibility of the driver, or also the coverage of free choice of workshop to be able to repair your car in someone close and trustworthy. Or pay extra to secure a replacement vehicle when yours is being repaired.
If, on the other hand, you live in a city and leave your car parked on the street overnight, fire, theft, and glass guarantees are essential if you do not have comprehensive insurance.
Also in the case that you drive a high-end car, you may be interested in maintaining the comprehensive insurance for a little longer, since repairs tend to be more expensive.
The offer of auto insurance has varied substantially in recent years. It should be noted that lately, the ‘Pay as you drive’ insurance modality has proliferated, that is, ‘Pay according to what you drive’, an option that should be taken into account for drivers who use the car very sporadically. If you only take the car at certain times it can be profitable. To register car use, you need to install a device provided by the insurance company. This modality is not yet very widespread in Spain due to the problems of standardization of the devices and the reluctance of users to have all their steps be recorded.
For occasional use, for example, to use a car that is only used in summer holidays, insurance for days or weeks can also be interesting. In the article on temporary car insurance, we tell you when it is interesting to take out this type of insurance.
Do not pay more than the bill! No matter how much love you have for your car, you have to get used to the idea that it is getting old and if it is an old car with more than 10 years it is not interested in paying at all risk. Keep in mind that if you suffer an accident with an old car, it is most likely that they will give you very low compensation.
Many drivers are reluctant to include an excess in their insurance. Through the franchise, an amount is established that the policyholder will always assume in any repair. If the cost is greater than the franchise, the rest will be taken care of by the insurer.
Lastly, don’t get carried away by promotions, especially when you’re not a new driver. If you have had a claim, we recommend values which were your experience with the company with which you had contracted the insurance: how they have managed the claim, the attention they have given you as a client, the work of the workshop, and the expert, the assistance in the road, etc. These are qualitative aspects of the insurance that must be assessed before setting out to change companies, especially if you are happy with the service they have given you so far.
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