Previously on www.carinsuranceSpain.org we contacted a large number of Spanish insurance brokers as well as Spanish insurance companies who provide quotes for car insurance for vehicles registered in Spain.
Our previous real life case study to find the cheapest car insurance Spain was conducted back in February of 2011. The vehicle we used as an example in order to get various different quotations was a Citroen Picasso.
Because the insurance runs out in September of 2011, we decided to review the situation once more and get a number of different quotes to see if the market for car insurance Spain has dramatically changed. We were curious to see what the lowest quote would be and whether a different company would provide the cheapest quote in comparison to the last case study we conducted.
Again, being English we made sure to contact either brokers or companies who would provide quotations and policies in English. In other words aimed at expats in Spain who are searching for car insurance.
Also the results of the previous case study influenced our decision is in who to approach for quotations for car insurance. There was some companies who we contacted last time that never ever got back to us with a quote. Because of this we decided that they were not worth our time and effort in contacting them again and giving them a second chance. We think that this is quite a realistic real-life approach where once you have been disappointed with the company you rarely go back to them again.
This may be harsh and may be unfair but in our opinion this is how most people would search so therefore companies that we declined to approach include Dragon Insurance, INOV Insurance or Hamilton Consultants. Once again we did not contact Linea Directa who are a major providor of car insurance in Spain.
We are disappointed that such a major insurer does not offer online quotations, neither does it allow us to e-mail them directly without registering first. We certainly believe that having to register yourself first is a massive obstacle that most people will decline to take. Once again it’s very poor quality customer service which unfortunately is commonplace in Spain.
So let’s take a look at the companies that we did approach and he came back to us with quotations.
Type of Car and Driver to be Insured:
This was the specification i.e. the personal information of our driver as well as the specifications of the vehicle: we wanted to get the cheapest possible quote for car insurance on a fully comprehensive car insurance Spain basis with an excess of €250. The car make and model is a Citroen Xsara Picasso SX (95) 1587 P, M. Engine size 1401-1899.
Car Accident in Spain
The car is Spanish as in left-hand drive and registered in Spain. The car is a diesel and is parked on a driveway at night with no alarm or immobiliser. Private use only i.e. no business use. The car has five seats and was new in 2004 with an approximate value now of €8000. This car insurance quotation is for a car based on the Costa Blanca with the driver aged 45, having an occupation in sales, with four years no claims bonus in Spain and having a full EU license for over 10 years. Annual mileage was estimated to be 15,000 km.
This exact same information was provided to all the various insurance companies and brokers.
Quote for Car Insurance from Knight Insurance
The first company to get back to us with a quote were Knight Insurance brokers with a quotation fromACG Motor Plan for €454.
We did go back to Knight Insurance and try to get a better quote these were the options:
“In relation with your mail and the renewal of your car insurance we have to inform you that the information provided to you for fully comprehensive cover with an excess of 250 euros is the best price we can offer you. Now to be able to reduce this premium you might agree to change insurance level, the 2 levels down are:
Third party Fire and theft: 311 euros
Third party only: 252 euros
You have to know that both levels mentioned above does not include road side assistence, legal defence and windscreen cover.
Quotation from Abbeygate Insurance
The next company to respond was Abbeygate insurance with an e-mail asking us for a telephone number at which we can be contacted. We declined to provide this because we were travelling around Europe at the time and there is no reason whatsoever with the information we had provided why a quotation was not possible.
Later that day we received another e-mail asking us how we had heard of Abbeygate Insurance together with another question concerning whether the policy was named drivers or an open policy, we answered these two questions but as yet have not received any quotation back from Abbeygate Insurance.
Should you wish to contact Abbeygate here are their contact details:
Abbeygate Insurance
00 34 952 893 380
Aptdo 166
Guadiaro 11311
Cadiz
Insure in Spain (IIS) Quote
Next to respond in our real insurance case study was Andy Gregory from IIS or Insure in Spain with a price of €474.
Contact details for Insure In Spain (IIS) are below:
Andy Gregory F.C.I.I.
Insure In Spain (IIS)
Exclusive Insurance Agent of Certain Syndicates at Lloyd’s registration no. L0017X07489770G
Telephone: 966 482 667
Mobile: 6505 09219
Website: www.insureinspain.com
Results from Expat Insurance in Spain
Next to reply to our e-mail was Expat Insurance in Spain who asked us a couple of questions. Bizarrely when we reread our original e-mail we found we had already provided the information requested!
Nevertheless we then received a quotation very quickly which actually so far is the cheapest we have found:
A fully comprehensive package with breakdown assistance, legal assistance, glass replacement and European green card cover underwritten by CASER for a premium of 404.90 euros.
Contact details are below for EXPAT INSURANCE IN SPAIN
Tlf: 0034 966 740 188, Mon – Fri, 10.00 to 18.00
Tlf: 0034 965 302 124, Mon – Fri, 10.00 to 16.00
Fax: 0034 965 302 124
Website: www.expatinsuranceinspain.com
Prices from The Insurance Centre
Next to reply to our e-mail was The Insurance Centre with an incredibly detailed response which helpfully listed the alternatives to taking out comprehensive car insurance.
Third party only……………………..…… 259.22 Euros
Third party fire & theft…………………… 318.96 Euros
Third party fire, theft & Total Loss………. 344.82 Euros
Fully comprehensive………………………445.80 Euros ( x´s 300 €)
The above prices would insure the vehicle for anybody over the age of 25 yrs whom has held a driving licence for longer than 2 yrs. It also includes road side assistance, bail bond, legal defence, windscreen cover, a green card and protected No Claims. Also included in the policy are:-
Accessories:
Fixed installations and improved elements integrated into the vehicle.
Total Loss in vehicles over 4 years old:
Damage, Fire and Theft covers will be indemnified on an Actual Cash Value basis plus 30%.
Liability as a pedestrian and as a non-professional cyclist.
The Policyholder and the main driver have liability cover up to an indemnity limit of 600.000 euros for their liability stemming from being pedestrians and non-professional cyclists.
Luggage and personal effects (Damage/Fire/Theft)
Following an accident, there will be cover up to 500 euros per claim, for the loss of luggage and personal effects, depending on the cover shown in the policy.
Damage or flaws caused to the vehicle’s interior upholstery (Damage/Fire/Theft)
Damage or flaws caused to the insured vehicle’s interior upholstery as a result of assisting accident victims, up to a maximum €300.
Fully Comprehensive Cover with an excess
If there is a Total Loss the amount of the excess will not be deduced.
Substitute Vehicle following a Fire or Theft
If Fire or Theft covers have been contracted, a substitute vehicle can be given up to a period of 45 days, after the first 72 hours from the moment the claim occurred. This is included in the above prices.
If you should require a courtesy car to be included due to an accident then there is an extra premium of 29.70 €. If the car is under 5 years old, cover can also be included for mechanical breakdown and this would increase the premium by 39.58 €.
Personal Accident Cover
3000 euros will be paid as an advance towards burial costs.
A telephone advice service will be given for the Loss (confiscation) of Driving License or Loss of points.
Cover for appealing against fines.
IBEX Insurance
Next to reply to our e-mail was IBEX Insurance, unfortunately this quote was substantially higher than previous quotations.
· Underwritten at Lloyd’s of London
· European Breakdown, Legal Assistance & windscreen cover
· 90 Days European Green Card for travel outside the Iberian Peninsula
· Personal claims service in English
. Standard policy excess of 300.00 Euros in the event of a claim
(a), Comprehensive cover based on yourself only to drive
Total premium: 581.05 Euros
(b) Cover opened to any authorised driver over the age of 30 up until 70 years.
Total premium: 654.75 Euros
(Premium quoted is Inclusive of Insurance Premium Taxes)
Ibex Insurance Services Ltd | Lloyd’s Coverholder
Oficina 14, Sotomarket, Sotogrande, 11310, San Roque, Cadiz, Spain
T: 900 707 000 (From Spain)
T: 800 860 705 (From Portugal)
T: 0845 652 4239 (From United Kingdom)
T: 01 246 7677 (From Ireland)
Website: www.ibexinsure.com
Spanish Car Insurance Case Study Conclusions
We are still waiting for a quotation from Easycover Insurance.
So far the cheapest quote for our Spanish car insurance renewal we have received is from Expat Insurance in Spain for €404.
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