Car insurance in Spain is mandatory for all vehicles
The minimum required coverage is called “Seguro Obligatorio de Responsabilidad Civil” (SOVRC), which covers third-party liability for bodily injury and property damage caused by the insured vehicle. It is important to note that this basic coverage may not cover all potential risks, so many drivers opt for additional coverage.
There are different types of car insurance policies available in Spain, including:
Third-Party Only (Terceros)
This is the minimum legal requirement and covers only third-party liability.
Third-Party, Fire, and Theft (Terceros Ampliado)
This type of policy includes coverage for third-party liability, as well as fire damage and theft of the insured vehicle.
Comprehensive (Todo Riesgo)
This is the most extensive coverage, including third-party liability, fire damage, theft, and damage to the insured vehicle, even if the policyholder is at fault.
When purchasing car insurance in Spain, it is advisable to compare quotes from different insurance companies to find the best coverage and price. Additionally, it is important to carefully review the policy terms and conditions, including any exclusions or limitations.
Proof of car insurance must be carried in the vehicle at all times, and failure to have valid insurance can result in fines or other penalties.
Car Insurance in Spain for Expats
Expats living in Spain can obtain car insurance just like any other resident. However, there may be some additional considerations for expats when it comes to car insurance in Spain:
Driving License
Expats from EU/EEA countries can typically use their existing driving license in Spain. Non-EU/EEA expats may need to obtain a Spanish driving license. Insurance companies may have different requirements or premiums based on the type of license held.
Residency Status
Expats who are residents of Spain may be eligible for certain insurance policies or discounts that are not available to non-residents. It is important to clarify your residency status with the insurance company.
Language
Some insurance companies in Spain may have English-speaking staff or offer policies in English, which can be helpful for expats who are not fluent in Spanish.
No Claims Bonus
If you have a no claims bonus from your previous country of residence, it may be possible to transfer it to your car insurance policy in Spain. This can help reduce the premium.
International Coverage
If you plan to travel outside of Spain with your car, it is important to check if your insurance policy provides coverage in other countries.
It is advisable to contact different insurance companies in Spain and inquire about their policies specifically tailored for expats. They will be able to provide you with accurate information regarding coverage options, costs, and any additional documentation that may be required.
How Much Does it Cost to Insure a Car in Spain?
The cost of car insurance in Spain can vary depending on several factors, including the type of coverage, the make and model of the vehicle, the driver’s age and driving history, and the insurance company itself. It is difficult to provide an exact cost without specific details, but here are some general estimates:
Third-Party Only (Terceros)
This is the minimum legal requirement and is generally the cheapest option. The cost can range from around €150 to €400 per year, depending on the factors mentioned above.
Third-Party, Fire, and Theft (Terceros Ampliado)
This type of policy offers more coverage and is typically more expensive than third-party only. The cost can range from around €250 to €600 per year.
Comprehensive (Todo Riesgo)
This is the most extensive coverage and is generally the most expensive option. The cost can range from around €400 to €1,000 or more per year.
It is important to note that these are just rough estimates, and the actual cost can vary significantly based on individual circumstances. It is advisable to obtain quotes from different insurance companies and compare them to find the best coverage and price for your specific situation.
Can I Insure a Car in Spain as a Non-Resident?
Yes, it is possible to insure a car in Spain as a non-resident. Many insurance companies in Spain offer car insurance policies specifically designed for non-residents or foreigners who own a vehicle in the country. However, the availability and terms of insurance coverage for non-residents may vary among insurance providers.
To insure a car in Spain as a non-resident, you will typically need to provide the necessary documentation, such as your passport, driver’s license, and vehicle registration documents. Some insurance companies may also require proof of address in your home country or a Spanish address where you can receive correspondence.
It is advisable to contact insurance companies directly to inquire about their specific requirements and policies for non-residents. They will be able to provide you with accurate information regarding coverage options, costs, and any additional documentation that may be needed.
What is the Cheapest Car in Spain to Insure?
The cost of car insurance in Spain is influenced by various factors, including the make and model of the vehicle. Generally, smaller and less powerful cars tend to have lower insurance premiums compared to larger, more expensive, or high-performance vehicles. However, it’s important to note that insurance costs can still vary depending on other factors such as the driver’s age, driving history, and the insurance company’s policies.
Some popular and affordable car models in Spain that may have relatively lower insurance premiums include:
1. Seat Ibiza
2. Renault Clio
3. Ford Fiesta
4. Volkswagen Polo
5. Peugeot 208
6. Opel Corsa
7. Hyundai i20
8. Kia Rio
9. Fiat 500
10. Toyota Yaris
It’s important to remember that insurance costs can vary significantly based on individual circumstances, so it’s advisable to obtain quotes from different insurance companies and compare them to find the best coverage and price for your specific situation.