By Laura Kemp • 16 October 2021 • 13:18
The reasons car insurance in Spain rises. Image: Pixabay
Although insurance companies cannot raise the price without notifying the owner at least two months in advance unless otherwise stated on the policy, it is worth knowing some of the factors that will cause the increase to car insurance in Spain.
Car insurance is calculated based on several factors such as the age of the main driver, the age of the driving license or the car model (it is not the same to insure an average utility vehicle as a sports car of high-end).
The city of residence or employment also has an influence, since the accident rate of the city of circulation and the expertise of the driver is taken into account.
Other indicators that are taken into account to set the price of insurance, and on which one can moderately influence, the chosen coverages (third-party insurance, the legal minimum to circulate, they are much cheaper) and use, since if it is driven every day the company will tend to increase the cost.
In addition to these, some of the reasons why car insurance can be raised are:
To lower the cost, it is usually worth shopping around for any offers companies have when opening a new policy, or even just looking into cheaper policies with other insurers on the market.
Reducing the coverage can also lower the insurance price.
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Originally from UK, Laura is based in Axarquia and is a writer for the Euro Weekly News covering news and features.
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