1. Compulsory insurance.
Under Spanish law all vehicles, including second hand, must have car insurance minimum coverage which is mandatory liability. Driving without the minimum insurance contract is punishable with fines ranging from 600 euros to 3,000 euros.
2. Documents needed to secure a second hand car.
When buying a used car is imperative that the vehicle has the original sheet as it is one of the requirements of insurers. By way of advice other reviews as the payment of road tax, MOT or checks DGT about outstanding fines, are advisable.
3. Cars with more than 4 years old. Policy extended to third parties or third parties.
Choosing the right policy depends on the age of the vehicle that we buy. For vehicles over four years old the most correct form and the more you can save is the “third extended.” This policy covers Liability Compulsory and Voluntary Liability. In addition to these coverages, usually completed with the legal defense of the insured driver’s insurance and extends to cover such damage at the Moons of the vehicle, assuming the car theft and damage caused by fire at the car.
4. Cars with less than 4 years old. Blanket insurance policy.
If the car has less than four years old will be the most appropriate policy for all risks that collects all the coverage offered in the Extended Third Party insurance and also includes so-called Own Damage coverage, ie, those damages produced in our own vehicle which have been caused by our fault. This guarantee can cover own damage from minor damage to the car (scratches, dings, etc..) To more serious cases, as the case of total loss of the vehicle.
5. The exemption decreases the price.
In case of opting for a blanket insurance policy, the payment of franchise saves the insured a portion of the price of the policy. In return the driver will be responsible to pay a fixed amount in the event of a claim and the rest will pay the company.
6. Compare prices is the key to saving.
Depending on the specific characteristics of each insured, the company will offer a bonus or other so that sometimes the price difference can reach up to 50%. Online comparators allow you to find the right insurance quickly and reliably.
