If your car is new or fairly new then you will probably want to consider a car insurance in Spain that has additional protections. Fully comprehensive policies are available. These types of policy cover your third party obligations and also protect your vehicle, even when the incident is your fault. Fully comprehensive insurance policies also include fire and theft cover.
With a fully comprehensive policy you normally have a choice of excess. The excess is the amount you agree to pay towards any damages caused to your vehicle if the incident is your fault.
As in the example above, if you ran into the back of another vehicle it will almost certainly be deemed your responsibility. With a fully comprehensive policy the insurer pays to repair the other parties vehicle. They will also pay for the damage to your car if the cost of the repairs to your vehicle exceed the excess you have taken. You will just be liable for the amount of the excess.
For new cars you can often opt for a policy that has no excess. The premiums you pay for the fully comprehensive car insurance in Spain will then fall as the excess increases. However, if you damage your car the greater the amount you have to pay towards the repair bill. If the accident was not your fault then your insurance company will claim the damages from the other driver’s insurance company. The would be no excess for you to pay.
Fully comprehensive and older vehicles
Some insurance companies in Spain are reluctant to provide fully comprehensive car insurance in Spain for vehicles over ten years old. It is still available but the number of insurers that offer it is lower. You need to think about how much an insurer would pay out for a vehicle that is getting older. Would the premium for fully comprehensive still be good value?
If you are looking for information on Third party car insurance Spain then try here.