Types of car insurance Which one to buy?

If you are going to buy a vehicle, then most probably you do not know at this moment which are the types of car insurances that you can hire. Because they are all different and suffer evident changes between insurers (not so much in price, but in coverage).

It is for this reason that you should continue reading so that you know which insurance you should choose according to your needs.

Types of car insurance

First of all, vehicle insurance is mandatory, that is to say, you cannot drive your car without it being in order. It has been proven that those who drive their cars without insurance do so out of ignorance.

You should know that there are four types of car insurance that you can take out:

• Third party insurance

  This type of insurance is the legal minimum required by the authorities. This type of insurance covers civil liability to third parties, however, it does not cover the damages suffered by the person contracting the insurance or his vehicle. This means that in case you have an accident, this insurance will not cover your damages, but it will cover the damages caused to the other party involved.

• Extended third party insurance

  This one, unlike the previous one, has the possibility of adding some clauses. For example, fire insurance, repairs for damages, damages to the windows, etc. Each insurance company is different, and some have a closed package, this makes you have to choose between several packages.

• Fully comprehensive insurance

  It is the one that covers damages (own and third party), therefore, it is expected to be the most expensive. However, it guarantees full coverage in case of any mishap.

• Fully comprehensive insurance with excess

  It is like the previous one (all risks) but more affordable, since the excess is the amount to be paid in case of an accident. This means that the lower the excess you hire, the higher the amount you will have to pay. This type of car insurance is ideal for people who do not drive their vehicle much, or who do not usually have accidents.

You can also read: Types of driving licenses and permits