What does third-party car insurance cover?

Learn about the characteristics of third-party liability insurance and the most important features of the coverage

Currently, and in accordance with current law in Spain, drivers are required to have an insurance policy to drive a motor vehicle, whether a car, motorcycle, or van. For this reason, you must take out, at minimum, Compulsory Public Liability Insurance or Compulsory Insurance to be able to drive legally with this type of vehicle.

Finding a good car insurance that combines value and coverage is not a simple task, because the options and conditions available on the market are almost infinite. Many companies offer you the option of taking out a car insurance policy whose price can vary depending on different characteristics, including the driver, the vehicle, and the coverage you want to take out. This way, you can choose from a more comprehensive insurance policy or a simpler third-party liability insurance policy.

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What does third-party liability insurance include?

Third-party liability insurance can be defined as the most basic modality of car insurance that still complies with the law obliging drivers to insure their vehicle with compulsory public liability coverage. What does this mean? Basically, if you cause an accident, the insurance company will only be responsible for the damage caused to other people and other vehicles and not for what happens to you or your car (or the vehicle in question). On the other hand, if you are the victim of an accident caused by another person, your third-party liability insurance will cover the damage that has been caused to you and your vehicle.

However, this does not mean you have to settle, as you take out further coverage by adding additional guarantees to the compulsory insurance. When it comes to third-party liability insurance, one of the most noteworthy modalities is voluntary public liability. In most cases, this comes already included.

This coverage is vital because it increases the guarantees covered by the compulsory insurance. This way, in the event of an accident, it assumes the costs exceeding those covered by the compulsory public liability insurance up to the amount agreed in the insurance contract.

But does it cover the driver and the passengers?

It's clear that the competition between insurers is improving the coverages offered by basic third-party liability insurance in order to attract more customers. This way, third-party liability insurance can include other types of coverage, such as Public Liability for cargo, Public Liability as a pedestrian cyclist, Legal Defense, Travel Assistance, Handling of fines, or even the aforementioned driver insurance. The options available on the market vary substantially, and the coverages included in each third-party liability insurance policy will depend on the company. Depending on their needs, customers will choose the most attractive insurance policy.

Other types of insurance for your vehicle

If you think third-party liability insurance is too basic and want a more comprehensive plan, simply take out insurance with further coverage. In fact, it is quite common to take out extended third-party liability insurance, which, in addition to the essential coverages, also includes guarantees in the event of theft, window breakage or fire, among others.

You can also go further and opt for other more comprehensive modalities. The best coverage is offered by comprehensive insurance, which may or may not include a deductible. The deductible is an agreed limit in the insurance contract that will have to be paid by the insured person in the event of an accident; if the repairs or compensation exceed that amount, the company will pay the remainder.

However, when taking out insurance, it's essential to consider a number of factors that determine the price of the insurance policy. Among them, the age and experience of the driver, the performance and model of the vehicle, and what it will be used for. The more experience and age, the lower the price; and the opposite is true if we consider the car's power, since the higher the power, the more likely it is to have an accident and higher repair costs. As for use, the price may be higher if the vehicle is used as a normal means of transport or if it is used for professional activities.

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Insure your car or motorcycle with BBVA Insurance

BBVA Insurance offers you different possibilities for insuring your car or motorcycle. If you are thinking about a Third-Party Liability Insurance, you can choose the basic insurance. This also includes the Door-to-Door services with a professional driver who will pick up (and return) your vehicle from your home to take it to the workshop or to undergo the MOT certification, as well as roadside assistance from the start of your trip.

And if you want a more comprehensive third-party liability insurance, you can opt for the modality with coverage for windows or the modality with coverage for windows, theft, and fire. Do you want even more? On the other hand, BBVA Comprehensive Insurance gives you further coverage for your peace of mind. Enter bbva.es now and take a look at the conditions and advantages offered by BBVA Insurance for a car or motorcycle. Using the simulator found on the website, you can easily calculate the price you will pay. It's that easy.

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