How many types of car insurance are there and which one is right for me?

You need to insure your car, you do not want to pay for what you are not going to use, but you do not want to make waivers or avoid services that in a short time you will miss. Knowing the types of insurance that exist and what each of them entails is the first step in choosing the perfect insurance for your car. 

1. Third party insurance This first type of policy is the simplest and most basic, as its name indicates. It is the minimum insurance that by law every car must have to be able to circulate. It is known as third party insurance or basic insurance. All third party insurance must include the civil liability insurance that is required to circulate. This type of coverage covers material and personal damage caused by the insured car to third parties. The insured car and the driver himself are outside the protection of the compulsory insurance.This basic insurance usually includes an extension of the civil responsibility that is known as supplementary civil responsibility that economically expands the civil responsibility insurance of the insured. Civil liability for trailers and caravans, and for objects transported in the vehicle, is also usually included in third party insurance. Along with legal defense, damage claims and travel assistance. Driver’s insurance is also beginning to be incorporated into third-party policies but this is not always the case, so it is important that you take this detail into account when comparing and choosing your car insurance.  The claim to the Insurance Compensation Consortium for damages to the insured vehicle and / or personal, as a result of certain natural catastrophes, terrorism or actions in times of peace of the Armed Forces and the State Security Bodies, completes the coverage of which it is enjoyed with third party insurance. 

2. Extended third party insurance In accordance with the needs and demands of current drivers, insurance companies have increased their insurance offer to third parties by offering a somewhat less basic type of policy, but not as complete as those called all risk. In this group of extended or complete third party car insurance policies, you will find a wide set of coverages that you can choose independently or in package format, depending on the different companies. The coverage of the total or partial breakage of windows or windshields, insurance for fire or the repair of damages suffered by the car, if it runs over an animal, for example; they are the most common in extended third party insurance. The most comprehensive third-party policies offer the driver more specific services and assistance such as the civil liability of the policyholder and driver declared as a cyclist, the civil liability of the minor child driving without a license, defense against traffic fines, subsidy for deprivation of permission driving, theft of the vehicle, the cleaning of the vehicle for the transfer of injured or the interest and expenses of the loan for the repair of the vehicle. This type of third-party insurance with extended coverage is very interesting so that the driver can complete his protection and that of his vehicle according to its use, priorities and needs, without having to renounce anything essential, even if you choose a third-party policy. 

3. All risk  Car insurance all – risk offer a comprehensive range of coverage, assistance and services for driver and vehicle. They include, of course, the mandatory ones such as civil liability insurance, but also all those that complete third-party policies such as broken windows or theft of the vehicle. All-risk policies include coverage that does cover both the driver and the insured car itself in the event of being involved in an accident, regardless of whether or not it is the cause; Likewise, even if there are no third parties, as in the case of blows or damage during parking, the fully insured car is protected in these circumstances as well. Practical and commonly used services by drivers, such as the replacement vehicle or the defense of traffic fines, are also facilities that full-risk car insurance holders enjoy. There are two basic types of comprehensive insurance. You can find comprehensive policies with or without excess. Excess insurance may be cheaper in principle, but its disadvantage is that it only covers part of the expenses related to the claim. As long as the repair or assistance costs are lower than the amount fixed -prima- in the contract – for example 300 euros- it is the insurance holder who has to take care of the invoices. All-risk insurance without excess is the most complete and effective that can be contracted to protect a vehicle, the responsibility for the protection of the insured car falls exclusively and integrates on the insurance company. The maximum coverage for any eventuality or possibility is included in this type of insurance that responds to all the needs and demands of drivers regardless of their circumstances. Insurance companies market to complete their car insurance offer, exclusive policies and with different coverages for specific drivers such as young drivers, experienced drivers, professional drivers or eco-friendly cars. These types of contracts include cheaper premiums or advantages for certain clients, as well as bonuses or exclusive coverage of great interest. Car insurance can therefore be either comprehensive or third-party, but keep in mind that within each of these two options there are a large number of details that can change from one company to another. On the other hand, the insured must pay attention to the economic amounts that are insured – spending limits – in each one of the coverages and that can make a significant difference in the final price, but also a very different degree of protection.