The car insurance - ¿How many types of car insurance are there?

The car insurance; You need to insure your car, you don't want to pay for what you're not going to use, but you also don't want to give up or avoid services that you will soon miss. Knowing the types of insurance that exist and what each one involves is the first step to choosing the perfect insurance for your car.

  1. liability insurance

This first type of policy is, as the name suggests, the simplest and most basic. It is the minimum insurance that every car must have by law in order to be allowed to drive. It is called liability insurance or basic insurance.

All liability insurance policies must include the liability insurance necessary to drive the vehicle. This type of insurance covers property damage and personal injury caused by the insured vehicle to third parties. The insured vehicle and the driver himself are not covered by the compulsory insurance.

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This basic insurance usually covers an extension of liability, the so-called additional liability, which economically extends the scope of the insured's liability insurance.

Liability for trailers and caravans and the objects carried there is usually also covered by liability insurance. Together with legal defence, claims for damages and travel assistance. The car insurance

The driver's insurance is also gradually being included in the liability insurance policies, but this is not always the case, so it is important to take this into account when comparing and choosing a car insurance policy.

Claims against the insurance consortium for damage to the insured vehicle and/or personal injury caused by certain natural disasters, acts of terrorism or peacekeeping measures by the armed forces and state security forces supplement the liability insurance.

  1. The car insurance - extended liability insurance

In response to the needs and requirements of today's motorists, insurance companies have expanded their range of liability insurance policies by offering a type of policy that is slightly less basic but not as comprehensive as the so-called all-risk policies.

In this group of extended or comprehensive motor third party liability policies, you will find a wide range of coverage that you can choose independently or as a package, depending on the different companies. Coverage for total or partial breakage of windows or windscreens, fire insurance or repair of damage to the car if it is run over by an animal, for example, are among the most common in extended liability insurance.

More comprehensive third party policies offer the driver more specific services and assistance, such as civil liability of the policyholder and the driver declared as a cyclist, civil liability of a minor child driving without a driving licence, defence in the event of traffic penalties, compensation in the event of loss of driving licence, theft of the vehicle, cleaning of the vehicle for the transport of injured parties or interest and loan costs for the repair of the vehicle.

This type of liability insurance with extended coverage is very interesting so that the driver can complete his protection and that of his vehicle according to use, priorities and needs, without having to give up the essentials, even if you choose a liability insurance.

  1. all risks

The all-risk motor vehicle insurance offers a complete range of coverage, assistance and services for the driver and his vehicle. These include,  the car insurance  of course, the obligatory ones, such as third party liability insurance, but also all those that supplement third-party insurance, such as glass breakage or theft of the vehicle.

Multi-risk policies include coverage that covers both the driver and the insured vehicle itself in the event of an accident, whether or not the driver is the cause of the accident; likewise, the insured multi-risk vehicle is also protected when there are no third parties, such as in the event of a blow or damage to a parking space.

Practical services frequently used by motorists, such as a replacement vehicle or defence against traffic fines, are also available to holders of motor hull insurance.

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There are two basic types of fully comprehensive insurance. You will find comprehensive policies with or without deductible. In principle, an insurance with excess can be cheaper, but has the disadvantage that it only covers part of the costs associated with the claim. As long as the repair or assistance costs are below the - initially - amount specified in the contract - e.g. 300 euros - the insured must pay the bills.

The fully comprehensive insurance without excess is the most comprehensive and effective insurance that can be taken out to protect a vehicle. The responsibility for the protection of the insured vehicle lies solely and entirely with the insurance company. The maximum cover for any eventuality or possibility is included in this type of insurance, which meets all the needs and requirements of drivers regardless of their situation. the car insurance.

In order to complete their motor insurance offer, insurance companies sell exclusive policies with different covers for specific drivers such as young drivers, experienced drivers, professional drivers or ecological vehicles. These types of policies include lower premiums or benefits for certain customers, in addition to very attractive premiums or exclusive coverage.

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Car insurance can therefore be either fully comprehensive or liability, but remember that there are many details to each of these two options, which can vary from company to company. On the other hand, for each cover, the insured must pay attention to the economic amounts that are insured - the spending limits - which can mean a significant difference in the final price, but also a very different level of protection.

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