Once you have decided to buy a car and you have finally taken it from the dealership, the next step that you have to take into account is to take out your car insurance. Today there are many companies capable of offering you exceptional advantages so that hiring car insurance is not so expensive for you. You can find practically all kinds of formulas for both third-party and all-risk insurance.
Am I required to take out car insurance?
Yes effectively. All cars must have insurance that is responsible for covering their civil liability, that is, covering damages caused to third parties in the event of an accident.
It is illegal to drive without insurance and doing so can result in fines of between €600 and €3,000, as well as having your vehicle immobilized so that you can no longer use it.
Before calculating car insurance, do you know which one you should choose?
Sometimes we jump directly into the pool without taking into account that not all people use or agree with the same car insurance. Today there are so many possibilities that it is very easy to get lost among them and not know which one is the most suitable for us. If you do not know what your ideal policy is, if you have to take out comprehensive insurance or have to opt for one from third parties, first of all ask yourself the following questions with which you will know how to calculate car insurance:
- How much do I use the car? Do you use it regularly, are you a weekend driver or do you use your utility vehicle even more sporadically? It is a very important question, especially to calculate the possibility of having a claim or to take into account if you will need to have certain coverage, such as roadside assistance.
- How old is your vehicle? The needs of our cars vary depending on how old they are. You will not contract the same for a new car as for a second-hand one. Properly analyze the value of your vehicle before opting for one or the other insurance.
- What type of policy are you going to hire? You can opt for third-party insurance or an all-risk one. Third-party insurance is responsible for covering the mandatory civil liability that we cause to a third party, but not the damage that is inflicted on our own vehicle. This type of insurance is more suitable for old and low-value cars. For its part, all-risk insurance, in addition to including damage to third parties and damage to our own vehicle, add very attractive additional guarantees, such as health care, replacement vehicle or compensation for disability or death.
Once you are clear about all these elements, it will be time to get started and calculate the price of our future policy. If you don’t know very well how to calculate car insurance, luckily there are a large number of companies to do it easily.
What do you need to calculate car insurance?
To know how to calculate car insurance, we are going to need:
- Preferably internet connection and a computer
- Read the next post
Instructions for calculating car insurance
Step by step to know how to calculate car insurance:
- Today you have a multitude of online comparators with which to calculate your car insurance and compare its price between different companies until you find the best option. Websites such as tracker or hit are some of the platforms that you can use to make the comparison and be able to calculate your car insurance.
- To make the comparison, you only have to enter one of these websites and indicate the data that we are going to review below.
- To know how to calculate car insurance, it is necessary to know certain essential information about your car and its characteristics. Normally, you must provide the brand of your vehicle (Audi, Audi, BMV, Chevrolet, Citroën, Fiat, Ford, Honda, Hyundai, Kia, Mercedes, Nissan, Opel, Peugeot, Renault, Seat, Toyota or Volkswagen are the most common brands), the model to which your car belongs, the type of fuel it uses, the power of the engine or what is the same, the CV (normal models are between 60 CV and 190 CV), the version of your car and the number of doors it has (3, 4 or 5 doors).
- Another of the essential requirements to calculate your car insurance through these comparators is to indicate who owns the vehicle and if you have just bought the car. Insurance prices vary depending on whether the car is new and has been registered for less than 30 days; if it is second-hand and has been purchased from a dealer (this section also includes 0 km cars) or from a private individual; if you already had the vehicle or if you are thinking of acquiring a new one and for that reason you are looking for ways to calculate your future insurance.
- In the case of a vehicle that you already had or that it is second-hand and recently acquired, you must indicate the age of the car, both the month and the year of registration.
- In any case, whether it is a new or second-hand car, you must specify what you usually use the car for. Do you only use it on vacation or weekends? Do you use it very often, maybe to go to work every day, on weekends to go out and when you go on vacation? Or maybe it is your work tool?
- Another of the usual questions that you will be asked in this type of comparators is about your parking habits (in an individual garage, in a collective garage or on the street) and the total number of km that you calculate that you will be able to travel throughout the year. Think, for example, that if you use the car regularly to make relatively long journeys on the way to work, you can get to do about 20,000 km. If your car includes a trailer you must also indicate it.
- If there are more vehicles in your family unit or you drive others, for example a motorcycle or another car, this must also be specified.
- To finalize the data, you must indicate the date of birth of the main driver, the date you obtained your driving license and where(if it was in Spain or abroad), your nationality, if there are more occasional drivers of the same vehicle and if Does your car currently have insurance, what is the company?
- In case you currently have insurance with another company, they will ask you to indicate the years you have been in the same, both as owner or associate, the years you have not given any part to the insurance, if you have received any fine in the last 3 years and the date on which you plan to take out or renew your policy.
- Once you specify the type of insurance you want (all risk, third party or indifferent), you will have to provide an email address and they will calculate your car insurance in less than 1 minute by comparing it between different companies.
- Both tracker and hit, once the comparison is made, will give you the option to review more calmly what each of the insurances they offer includes and the prices they have. In addition, if you wish, you can leave your telephone number through the website so that the insurance company that has most interested you can contact you directly and finish advising you before finalizing the contracting of your insurance. Today, using insurance comparisons, both car, motorcycle, health and any other type, is the surest way to get the best price and the benefits that best suit your needs.
Tips for calculating car insurance
One last piece of advice about your car insurance:
Do you know what you are signing? Before signing your policy, make sure you know perfectly what the exclusions are and what it covers, in this way you will avoid unpleasant surprises over time. On many occasions we take for granted certain terms that we do not find described in our policy and that is a serious mistake. If you have doubts about any element or miss any term, before signing, contact the insurance company so that they can advise you and explain everything that you do not understand.
It is always easier to solve problems and understand the legal terms, prior to signing the car insurance. Never sign any document if you are not completely convinced of the clauses or do not understand them well.
