To take out car insurance in Spain for expats, it is necessary to have a valid passport and the documentation corresponding to the vehicle. From Money Expert we want to talk to you about their conditions and types.
In this guide:
- What is necessary to buy a car as a foreigner?
- What type of car insurance for foreigners can be contracted?
- How do you buy car insurance for foreigners?
- Other special conditions for car insurance for foreigners: driving license
- What documentation is necessary for a car insurance for foreigners?
- What coverages can a car insurance for foreigners include?
- What if you are a foreigner, but you are alone traveling?
What is necessary to buy a car as a expats?
In the case of buying a vehicle in Spain, if you are a foreigner, you only need a valid passport. The rest of the procedure is the same as for a person of Spanish nationality, regardless of whether it is new or second-hand. Documentation similar to that of nationals and the documentation corresponding to the vehicle must be provided. Magnum Insurance A Detail Guide for You to Understand.
The documentation to formalize the ownership of the vehicle to be insured is as follows:
- Technical file of the vehicle and its Circulation Permit.
- Car sale contract.
- Photocopy of passport or Residence Card.
- Receipt of the Circulation Tax or IVTM.
What type of car insurance in Spain for expats can be contracted?
Hiring car insurance for foreigners is just as mandatory as for any other vehicle that will circulate in Spain. In other words, the person interested in insuring their vehicle must choose the policy that best suits their preferences. Source: Moneyexpert. If it is not insured by any company, the Insurance Compensation Consortium will take over. Among the policies, you can choose any of the modalities available to Spanish citizens: third party insurance , extended third party insurance , all risk or all risk with franchise.
How do you buy car insurance for expats in Spain?
All the procedures for acquiring a vehicle and those necessary to insure it are very similar to those of a Spanish citizen. However, there is a specific condition: whoever is going to be the policy holder must have a valid Residence Card. Therefore, it will not be valid as in the sale only with the passport.
Otherwise, the procedure is exactly the same as that of any other national who wants to insure. First of all, we recommend using our insurance comparator to find the one that suits you best.
Other special conditions for car insurance for foreigners: driving license
In the case of the driving license, this license must be homologated with the country of origin in Spain. Naturally, it must be approved at the time of contracting the policy. For this reason, we recommend that you check the requirements. Likewise, the vehicle’s Driving License must be in order. This document certifies that it can circulate in Spanish territory.
What documentation is necessary for a car insurance for foreigners?
As a general rule, companies will ask the insured:
- Residence card.
- Circulation permit.
- Approved driving license.
- Invoice for the purchase of the vehicle.
- Vehicle data sheet
- Certificate of the Technical Inspection of Vehicles (ITV)
What coverages can a car insurance for foreigners include?
As we mentioned earlier, car insurance for foreigners can be of any of the modalities contracted by the Spaniards themselves. That means that depending on the type of insurance it can include the following coverages:
- Medical coverage.
- Travel and road assistance.
- Animal damage or casualties.
- Option to choose repair shop.
- Legal defense.
- Glass repair.
What if you are a foreigner, but you are alone traveling?
All the aforementioned applies to resident foreigners. However, there is the case that the foreigner is only passing through Spain. In their case, they have the option of resorting to the insurance of their country of origin.
In the event that the stay in Spain is less than half a year, they can drive through our country with the driving license and the policy of their country, under the condition that said country has agreements with Spain.
Are you a foreigner and do not know what insurance to hire? At Money Expert we help you choose. Consult our insurance comparator to find the option that best suits your own preferences.