What are the types of road insurance? What protection will my car have in case of fire or an accident on the road?
These are just some of the questions that arise when deciding which cover to choose for our car. A difficult choice in which two factors come into play: price and coverage.
In addition, it is important to note that the vehicle must be insured for Compulsory Civil Liability. A cover required by law from the moment the car is registered in traffic.
And if you're thinking about insuring your new car or changing the type of cover, we invite you to visit our road accident insurance and that you contact us to get all the necessary information.
As an introduction, in this post we are going to go deeper into what is included in each type of insurance, so that you can choose the best option for you. There are basically two types:
- third party insurance
- comprehensive.
It is more than likely that these names ring a bell, but what does each one include?
Third party car insurance
It is the type of road insurance more basic or standard and is the minimum that all vehicles must have in order to be able to circulate. As we have already mentioned, it includes compulsory civil liability insurance, which covers material and personal damage caused by the insured to third parties.
In most cases, there is usually a complementary civil liability insurance that financially increases the basic insurance. In summary, these are the types of coverage provided:
- Material damage to third parties
- Personal injury to third parties
- Roadside assistance
- Legal Defence
Extended third party insurance
This is third party insurance but with extra coverage. It includes everything detailed above (material and personal damage to third parties, roadside assistance and legal defence) plus other coverage to be chosen by the insured. Normally, insurance companies offer extended third party insurance that includes a kind of “package” with:
- Fire insuranceThis is cover in the event of partial or total fire of the vehicle.
- Broken glassA very common problem that is included in this extended third party insurance.
- TheftTheft: includes both the theft of the vehicle itself and of objects inside the vehicle.
This “package” can be extended with other services such as, for example, defence in traffic fines; as well as cynegetic, atmospheric, etc. However, it is not as comprehensive as the second type of road insurance: comprehensive insurance.
Comprehensive insurance
From minimum (third party) protection, we have moved on to intermediate (extended third party) protection, and then on to maximum coverageThe all-risk insurance.
Obviously, it is a more expensive insurance than the previous ones, although it includes a wide range of protection that covers the damages suffered by our vehicle, as well as those of a possible implicated party. What else does it include?
- Like the extended third party insurance: glass, theft and fire
- Full vehicle coverage
- Stipulated compensation in case of total loss
- Legal defence
Comprehensive insurance can be taken out with or without excess:
Franchised
The franchise stipulates the price to be paid by the customer for the total repair. In other words, you know in advance the maximum cost you will bear for each blow, with the company covering the rest.
Let's remember that each stroke is a franchise, which is one of the most common doubts.
No franchise
Comprehensive insurance without excess is the most expensive, but also the most comprehensive solution. The insurance company takes care of the total protection of the vehicle, regardless of the circumstances.
Finally, there are other classifications of insurance depending on the experience of the driver and the type of vehicle (e.g. electric vehicles). In any case, remember that whatever policy you take out, it is important that you take the advice of your trusted professionals to include the following in your package essential coverages that sometimes may not be specified as standard. Do not hesitate to contact us so that we can advise you on the car insurance that best suits your budget and your coverage needs.
PIB Group Iberia will make sure you find exactly what you need!
