If you have a car, or are thinking of buying one, you know that, in addition to the financial outlay that you must face for the purchase, you must also allocate money to get all the papers you need for the car to circulate: registration, driving license and yes, also insurance. But speaking of car insurance, with excess or without excess?
If right now we have put you in the evidence of not knowing whether car insurance with excess or without excess is betterWe hope that, with what we are going to comment on below, you can make the most appropriate decision for your case.
What is better, car insurance with or without excess?
When it comes to hiring car insurance, the most normal thing is that, especially if it is new, you want the best protection for it. We are talking about covering you with the most complete coverage so that, whatever happens, your car insurance responds for it. The problem is that what you want may not be what you had planned to allocate for the insurance budget. In other words, comprehensive insurance with all coverage covered can be very expensive.
For this reason, some opt for third-party insurance, or even with less protection, the most basic, because they cannot afford excessive spending. However, there is an intermediate option in which you could save part of the insurance, which would be car insurance with excess. But, What is the difference between a car insurance with an excess or without an excess?
Car insurance without excess
Let's first explain to you what a car insurance without excess would be. Really It is not commonly known as such, but is more understandable as "fully comprehensive insurance". That is, an insurance that will cover not only the mandatory civil liability (the basic thing that a car must have to circulate), but will also include other coverage such as glass and windows, fires, theft, own damages, driver accidents, legal defense, travel assistance, damage claim ...
This implies that, if there is an accident, loss, breakage, etc., the insurance company will be responsible for the compensation to third parties involved, damage to vehicles, occupants, etc. There is always a limit for which the insurance responds, but this must come in the policy.
All this comes at a cost, and that is that insurance can be quite expensive per year.
Car insurance with excess
When it comes to car insurance with excess, you will find that the insured, that is, the insurance holder, will only be responsible for a percentage to face the damages that it may cause or receive due to an accident or loss.
This insurance is usually chosen by people who already have enough experience behind the wheel and who have not had accidents or problems when driving because they know that their handling is faultless and that, in general, they will not have a problem with accidents. What does that mean? Well, you will be covered the same as with insurance without excess, but since you take care of a part of the responsibility (and therefore you will have to pay if something happens a part) the insurance is cheaper.
That is to say, imagine that you want to make comprehensive insurance for a car. Without excess, it costs you 500 euros, but with excess it goes to 250 euros. It is not that it is an offer or a bargain, but that if there is an accident or a collision, you would have to pay a part of that arrangement, which is stipulated in the policy, while the rest would be paid by the insurer.
The ideal insured for insurance without
If what you want is to hire the best car insurance without excess, one where, if something happens, you do not have to respond with your money and your assets, then this is going to be the most indicated. Now, it is not for everyone.
Specifically, the ideal profile for insurance without excess is that of:
- Drivers who have little experience, either because they have just gotten their license, because they have not yet mastered the car, etc.
- People who usually have car accidents, that is, who have given parts to the insurance for accidents, blows, etc.
- Those who use the car on a daily basis, and even who travel long distances with it. Many people practically live in their car because it is their means of transportation to get to businesses and they need car insurance that will really respond to them if something happens.
- Those who leave the car in "dangerous" places, and it is that leaving the car on the street already predisposes it to suffer an accident (fire, theft, blows ...).
The ideal insured for franchised insurance
In the case of car insurance with excess, the user profile is not the same as the previous one, but, to avoid scares or having to pay a sum of money due to recklessness or accidents with the vehicle, the better insurers would be:
- Experienced drivers.
- Drivers who have not given parts to the insurance. This should be looked at at a global level because, during the previous year, you may not have given parts, but if you have done so often before, you should consider whether it is because you have "learned" or as a matter of "luck".
- People who do not use the vehicle on a daily basis. They can also be people who, even using it on a daily basis, do so in an area that they know perfectly well and where there are no accidents or sections with black accident areas.
- Those who have the car protected, that is, it does not stay on the street and does not face significant risks such as fire, theft, etc.
- Those who strictly comply with the maintenance of the vehicle.
So what is better, insurance with or without?
The final decision will depend exclusively on you. Really the greatest benefit between car insurance with or without excess is the lower cost of the former but, in return, you would have to deal with your money in the event of an accident.
It is best to assess each policy and make the most appropriate decision based on your budget and what you really need from car insurance.