The type of coverage included in the insurance for days, or as we have said, the model or type of car for which you want to take out insurance are aspects that are taken into account when choosing one or another type of insurance or Payment of your insurance. It should be noted that the annual policy option with quarterly payment is usually cheaper than taking out insurance for days. In any case, day insurance provides solutions where annual insurance cannot help you.
The legislation in our country establishes the obligation to have insurance to circulate on Spanish roads and, however, until relatively recently it was not possible to contract a policy that lasted less than one year. Something that, on the contrary, is very frequent in other countries of Europe. Weekly insurance is ideal for those situations where protection is needed but hiring an annual policy is not profitable, and can be hired for cars, trucks, motorcycles, trailers and tractor units.
The minimum duration of these temporary insurance is one week, while the maximum is twelve. However, before taking out insurance for weeks, you should know that, once the contracted period is over, it is not possible to renew it. Also, the weekly insurance includes the coverage of a policy to Third Parties. That is, mandatory Civil Liability, Voluntary Civil Liability and the driver's accident guarantee.
Which method of payment is cheaper?
In general, that one form of payment is cheaper than another depends on the company with which you are going to contract the policy and the conditions that it imposes. Even so, it is often more expensive to take out car insurance for months, days or quarterly than if you decide to pay your insurance annually or by semesters. The reasons why this occurs are:
The surcharge for choosing quarterly, monthly or per day payment: On many occasions, the insurers, although they seek to facilitate the contracting of the insurance to their client and seek to make the payment as simple as possible, add a surcharge to the final price of insurance for choosing the monthly or quarterly modalities. In any case, you can always calculate online the quarterly or monthly car insurance budget and compare results.
They add a surcharge to the final insurance price for choosing the monthly or quarterly modalities. It is important to make a general calculation about what our car insurance would cost us by choosing each of the different payment options. In this way we will check which option is best for us. In you can compare between more than 30 insurers and know what payment options each one gives you and what other advantages they can offer you.
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