How to avoid the most common mistakes when choosing car insurance (your wallet will thank you)

Spain is undergoing a transformation in the automotive field due to new environmental regulations and technological advancements. The proliferation of electric vehicles has brought with it a series of challenges and decisions to make, from choosing the model to selecting the appropriate insurance. In this guide, we will explore how to choose the perfect car insurance for your electric vehicle.

SUMMARY:

Why choose good insurance for your electric car

When it comes to electric vehicles, selecting a good insurance is crucial. Electric vehicles have unique characteristics that must be considered when insuring the car. They are quieter, which can increase the risk of accidents in urban areas due to the lack of audible alert for pedestrians and other drivers.

Moreover, the batteries of electric vehicles are expensive and complex. The specific risks associated with these batteries, such as theft or damage from temperature, require adequate coverage. Breakdowns caused by changes in weather conditions are also more common and should be included in the policy.

In the changing environment of the automotive industry, driver safety and vehicle protection against possible mishaps like collisions or minor damage are priorities. Some key factors to consider for electric cars include :

• Theft if the vehicle does not sleep in a garage.
• Breakdowns due to temperature changes.
• Bumps when parking due to urban road conditions.

Significant differences between old and new policies

Policies for electric cars have evolved considerably compared to those intended for traditional vehicles. Many insurers have adapted their products to more efficiently cover the needs of the new types of cars. Let’s look at the most significant differences between old and new policies :

1. Complex and expensive batteries : Insurers now take into account the high costs of the batteries of these vehicles. In the event of a breakdown, repair or replacement costs can be extremely high.

2. Silence of the vehicle : The (no) noise of electric vehicles can increase the risk of accidents, especially in urban areas. New policies may include specific coverages for this type of incident.

3. Driver’s history : Although this is not new, driving history remains a crucial factor in calculating policy price. A driver with a good record can obtain significant discounts.

The savings and advantages that new technology offers

Choosing an electric vehicle not only contributes to the environment but also offers various financial advantages. Here are some of the main advantages and savings from using modern technology in electric cars :

1. Tax bonuses : Depending on the locality, drivers of electric vehicles may benefit from discounts and tax bonuses. This type of incentive can significantly reduce the total cost of ownership.

2. Lower maintenance : Electric vehicles have fewer mechanical parts that wear out compared to traditional cars. This translates to fewer breakdowns and lower maintenance costs over time.

3. Greater efficiency : The energy efficiency of electric cars is superior, resulting in lower operating costs and a reduced environmental impact.

These advantages contribute to the decision between a traditional vehicle and an electric one leaning towards the side of new technology. With these benefits clearly outlined, the next step is knowing how to apply these advantages to the selection of the perfect insurance.

Know your needs and coverage options

The key to finding the perfect car insurance is to identify the specific needs of the driver and the vehicle. Not all insurances cover the same things, and the appropriate coverage will depend on various specific factors :

1. Driver’s needs : Every driver is different, and their insurance needs are too. For example, a driver who uses their car every day for work will have different needs than one who only uses their vehicle on weekends.

2. Types of coverage : There are various types of coverage, from third-party insurance to comprehensive coverage. Here’s a breakdown :

• Third-party : Covers damages you may cause to other vehicles or people.
• Extended third-party : In addition to the above, it may include coverage for fire, theft, and some own damage.
• Comprehensive : Covers almost all damages, both own and to others, but is usually more expensive.
• Comprehensive with deductible : Reduces the premium cost by assuming part of the cost of the claim.

Comparing the various options of insurers is essential :

1. Compare prices : Using online insurance comparators like Rastreator makes it easier to evaluate costs and benefits.
2. Analyze the reputation : Read customer reviews and evaluate efficiency in claims.
3. Additional benefits : Consider extra services like roadside assistance, replacement car, and discounts for good drivers.

It is essential to read and understand all conditions and exclusions of the policy. Do not be swayed by misleading promotions, and valuing previous experience with the insurance company can prevent unpleasant surprises in the future.

Additional benefits and discounts

Many insurers offer a variety of additional benefits and discounts to attract customers looking for the perfect car insurance. Some of these benefits can make a big difference in the long run. Here is a list of the most common additional benefits:

1. Roadside assistance : This service can include everything from minor breakdown repairs to towing the vehicle in case of a major breakdown.

2. Replacement car : This benefit allows the driver to continue having mobility while their car is being repaired.

3. Discounts for good drivers : Many insurers offer significant discounts to those drivers with a history of few or no claims.

4. Optional coverages : Some insurers offer specific coverages like hunting damage, driver insurance and Family Premium, travel assistance, and replacement vehicles.

Equally important is ensuring that additional services and guarantees, such as payment in installments, discounts, and bonuses, are suitable for our needs. Sometimes, it is not just about the price, but the quality and scope of the service received.

Finally, do not forget that knowing all the details and conditions of the insurance is vital to avoid problems. Reading and understanding the fine print can save many future troubles. Evaluate all options and decide which is the most suitable to protect your vehicle and ensure that you are covered in all possible situations.