The cheapest and most expensive cars to insure

The average annual price of car insurance is 767 euros, taking into account all rates for comprehensive insurance, comprehensive third-party insurance and third-party insurance. Among the factors that vary the price are several criteria such as:
driver’s age and experiencethe history of accidents, the characteristics of the vehicle or the parking space.

Nevertheless, the increase in the CPI (Consumer Price Index) has influenced the price of motor insurance, causing the premium to rise slightly by 18% compared to last year.

According to
Victor Lopezz, head of insurance at Rastreator, «the car insurance is, among other things, adapted to the needs of each vehicle. For example, the policy of a used car that requires constant repair and whose parts are difficult to replace will have a price comparable to that of a luxury vehicle such as the Porsche Panamera or the Audi A7, as the cost to the quality of the replacement and maintenance of the parts will be similar«.

The high cost of parts and repairs, car policies have also been affected compared to previous years and one of the criteria that price varies the most is the model of the car.

As shown by the “Ranking of the Most Expensive and Cheapest Cars to Insure in 2022 by Rastreator,” which analyzes the average auto insurance premium of all makes and models registered in the comparator, the Mazda RX-8 is the most expensive vehicle to buy this year. to be insured together with the Porsche 911 and the Audi A7 Sportback.

On the contrary, the model of
Dacia springthe Dacia Jogger and the Lada Niva SUV are among the cheapest cars to insure.

In this way, the
Mazda RX-8 It is positioned as the most expensive model to insure with an average price of 1,367 euros per year. In second place is the Porsche 911 (1,236 euros per year), followed by the Audi A7 Sportback (1,216 euros per year), the Nissan 350 Z (1,214 euros per year) and the Porsche Panamera (1,203 euros per year).

The Dacia Spring model is positioned as the vehicle with the cheapest average car insurance premium on the market (343 euros per year), placing an electric vehicle in the cheapest ranking for the first time.

In second place is the model Dacia Jogger with an average price of 354 euros per year, Lada Niva (361 euros per year) and the Suzuki Jimny (372 euros per year). In fifth position in the ranking is the MG ZS (376 euros per year), which stands out as a new model and has a warranty of up to seven years, which means that the cost of the policy is lower than that of other models.

Any vehicle registered in Spanish territory must have compulsory insurance covering at least the driver’s civil liability for damage to persons or property in a road accident. however, according to the DGT, it is estimated that there are more than 2,600,000 million ‘zombie’ cars or vehicles circulating without insurance in Spain.

The most cautious motorists usually bet on comprehensive, no-deductible policies that guarantee the insurer will bear all costs in the event of an accident. The purpose of this type of insurance is:
prevent costs of accidents in which we have been responsible. However, a high percentage could lose money with these types of policies by never paying them off.

The least requested coverage by the Spaniards is the withdrawal of the card, which barely exceeds 9.5 million contracts. The legal defense, which more than 27 million Spaniards entered in 2019, consists of the legal support of the insured by the insurance company. In general, it is advisable to take out an all-risk policy for the first two or three years of a vehicle, to opt for a comprehensive third party from 5 years and for
third party coverage basis from 10 or 15 years vehicle

Source: La Verdad

Ida

I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.