Finding cheaper car insurance based on the figure of several points related to the kind of policy selected, the features of the vehicle, and the summary of the driver.
Third-party car insurance is the cheapest on the market, but also the one with the least coverage. If you want to have all the guarantees of all-risk insurance, but without facing such a high premium, you can choose an all-risk franchise.
Cheap insurance from highest to lowest risk
The basic thing to be perfect about is what insurance is needed since depending on this the amount will vary quite a bit. There are four types in the Spanish market right now: Third Parties, Extended Third Parties, and All Risk with the franchise. The level of protection between them varies quite a bit and the prices, too. Consequently, it is vital to evaluate what are the vital coverages so that, surprisingly in an accident, there are no surprises.
To third parties: the cheapest
It is a policy intended to cover damages caused to third parties in an accident for which the insured car is responsible. This is the most basic insurance that includes among its coverages the Compulsory and Voluntary Civil Responsibility, Legal Defense, and coverage of those deteriorations that the insured may suffer.
Third parties expanded: cheap, but with more guarantees
It includes the same coverage as Third Party insurance, though in this case, it happens to be supplemented by other attractive use to guarantee for the user. These happen to be typically the guard of damages produced in the windows of the vehicle, as well as those caused by the car fire, in addition to the assumption of car theft.
All risks: the most complete
This policy happens to collect all the coverage presented by the previous two and adds the own damages, that is, all those that happen in the insured’s vehicle and that have been instigated by his fault. It happens to be the most widespread way of having the vehicle protected, but also the most expensive.
All risk with the franchise: complete and economic
It happens to be nearly indistinguishable from the previous one, but with the variance that it comprises a franchise that is endured by the covered and that is realistic to the coverage of its own damages.
Once it has been decided which policy is the most convenient to contract, the next step is to provide the car and driver data to the insurer to facilitate it can make an initial study, which will help as a reference to compromise the budget. For this reason, the same vehicle in the hands of a different driver may have a different premium. These are very important data since the insurer has to assess the level of risk that it runs insuring someone.
How to buy the cheapest car insurance?
Although the price is a very important factor, when taking out the cheaper car insurance you have to take into account other factors. In this way, you will ensure that you are paying as little as possible for the coverage and benefits that you will really need. If you are looking for the cheapest car insurance, these guidelines will help you:
Contract the policy with the coverages you need. You may not need the most comprehensive car insurance on the market to protect your vehicle. For example, if your car normally sleeps in a garage, theft coverage may not be much needed. Or, if your car is already very old, it may not be convenient for you to hire an all-risk mode that covers the vehicle’s own damages. Allow for the features of your vehicle and the make use of you give it to contract only those coverages that you are going to use.
Maintain a good accident history. Not having issued accident reports or accumulating traffic fines can help you get cheap car insurance. Insurers often reward good drivers, so try not to commit infractions that could turn your driver profile into a risk profile.
Analyze the prices of the different companies. Whether you want to change companies or if you are looking for a policy for your new car, an insurance comparator is perfect to find the best option on the market.
What aspects make your insurance cheaper?
Generally, the lower the coverage, the cheaper the car insurance will be. Although it is recommended that you do not base your decision only on the price, it is also possible to make the opposite mistake: to contract an excess of coverage, some of them unnecessary, which makes the price of the policy more expensive.
Last Words
Before hiring any product, use a comparator and choose the one that best suits your needs, read the contract carefully and check if it includes all the guarantees you are looking for. Remember that opting for cheap car insurance does not have to mean giving up good protection of your vehicle.
