To find the best car insurance for you, you must consider many factors. The solution that provides the best cost-benefit ratio will depend on your needs and history as a driver/insured, the value of your vehicle, and other limitations. Whichever product you choose, this insurance is essential to be prepared in case of an accident.
In Portugal, by law, every vehicle in circulation must be insured. There are two broad categories of auto insurance: motor vehicle liability (also known as “third party”), which is the minimum requirement, and your own damage coverage. Both can add additional coverage.
So the question arises: which one should I choose? To help you, we suggest you answer the following questions: Do you simply want to be prepared for any damage to a third party, or do you want a solution that includes your vehicle and you as the driver?
We know that the different options on the market can make it difficult for you to choose. This is a decision that must be made based on information and consideration. Therefore, we give you 3 tips to help you choose the best car insurance for you. Keep reading the article to know what to look for!
1. Identify your needs and those of your vehicle
The first step in choosing the best auto insurance for you is determining what you need. In other words, find out which option is best for the driver and the vehicle. But how?
For example, if you drive a lot of miles, you may want to pay for good roadside assistance. Or, if your vehicle is new, personal injury insurance may be best. On the other hand, if your car is old and has a low market value, third party insurance may be enough.
The best auto insurance for one driver may not be the best for another because there are so many factors to consider. Finding out what you need before starting a simulation is a step that should not be overlooked.
2. Get expert help
While the insurance market seems to be inundated with very similar offers, to the trained eye, this is not the case. The support of a trusted broker influences the decision. It will guide you through your search, collect the best simulations for your case, and help you find the best auto insurance for you.
Whether it is auto, health or life insurance, DS SEGUROS can help you. We have been in the insurance industry for over a decade, working with nearly every national insurance company. This allows us to quickly find the best option for your situation and even know how to save money on the insurance you purchase.
3. Analyze each insurance: coverage, premiums, deductibles and exclusions
After receiving the different simulations, it is important to analyze them carefully to find the best auto insurance for your specific case. One way to do this is by answering the following questions:
- What does the insurance cover ( condiments )?
- What is its annual value ( prize )?
- What situations are not foreseen ( exclusions )?
- In the event of an accident, who covers the repairs and/or damages and up to what amount ( deductible )?
- Is it worth having insurance that covers all expenses (own damage insurance) or not (automobile liability insurance)?
As you ponder the answers, keep in mind the year of your vehicle, how much you paid for it, and how often you drive it. These, in addition to helping you decide which car insurance is best for you, affect the annual premium. Generally, the higher the value of the vehicle, the more expensive the repairs and associated insurance will be. And the more hours you spend on the road, the more likely you are to have an accident.
To choose the best auto insurance for you, think about this…
In addition to the aspects mentioned above, also keep in mind the following points:
- Newer cars tend to have a lot of glass bodywork. If this is your case, we recommend that you take out insurance with glass breakage cover . However, before doing so, check to see if the proposed funds will be sufficient for a possible repair and what the existing exclusions are;
- In roadside assistance, make sure there is enough capital to take the car to the workshop the same day after an accident. It may not be worth saving 10 or 20 euros in the annual premium and having coverage that only causes discomfort.
- Keep in mind that deductibles (the amount that the insured pays in the event of an accident) may not work in your favor. That is, although it is a way to save on the annual premium, if you have multiple accidents and never exceed the deductible on repairs, how much will you save?
The tips we share cover what to consider when choosing the best auto insurance for you. In addition to this, there are other factors that can have a significant impact on borrowers.
When choosing, know that the true value of insurance is only felt when something goes wrong. So how much risk are you willing to take and how much are you willing to pay? We help you answer this question. Simulate your car insurance now and get help from experts!