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The average price of car insurance reached the highest price in the last five years in 2019, with a premium of 658.89 euros, according to the comparator Kelisto.es. This represents an increase of 3.78% (24.02 euros more) compared to the previous year and 11.8% in relation to 2015 (69.83 euros more).

By type of insurance, the average price of all-risk insurance was 1,720 euros, 8.5% more (135 euros) . The extended third party insurance was 440.9 euros, 12.35% more (48.47 euros), while the third party insurance price was 376 euros, 4.46% more (37 euros). Variations always recorded between 2015 and 2019. With the end of 2019, a year ends in which increases in the price of the average premium have been common.

Since the first quarter of 2019, the average price has not stopped rising, going from an average share of 581.64 euros at the beginning of the year to another of 693.24 euros to close the fourth quarter. The insurance premium has increased by 19.19% over this period. If these data are compared with those of the fourth quarter of 2015, the increase is more evident: the prices at the end of 2019 were 37.65% more expensive than at the end of 2015, which is equivalent to an increase of 189.6 euros.

"The fourth quarter of the year also broke the trend of previous years: thus, while in 2016, 2017 and 2018 the average price of car insurance fell in the fourth quarter, compared to the third, in 2019 there has also been an increase in prices. car insurance prices between October and December in relation to the previous quarter, "explains Virginia Cordero, insurance spokesman for Kelisto.es.

Why does the price of insurance go up?

According to the comparator, there are several factors. The most obvious, the increase in the fleet of vehicles. From 2015 to 2018 it has increased 3.2% to 23 million vehicles. "This causes that the traffic and, therefore, the possible accidents in highway, is greater.

This means that the accidents that insurers have to attend to have also increased, which has led to the rise in the price of premiums, "argues Cordero, adding that the aging of registered vehicles also increases" the odds that They have those old cars to have a sinister. People don't get rid of an old vehicle as easily as before, due to the lack of incentives and help available. "

How to save on car insurance

Comparators such as Kelisto.es allow you to make a radiography of possibilities at a glance. Before hiring the policy, you have to know what modality is appropriate. If the car is new or high-end, it is advisable to have full insurance, at least in the first year, when the vehicle has more value. If it is already old enough, it is preferable to subscribe a policy to third parties that covers civil liability , roadside assistance and legal defense, among other things.

You have to hire the guarantees that are really needed. For example, sometimes it is not interesting that the policy includes a replacement vehicle or with damage caused by theft, since you sleep in a garage or have an alternative means of transport. Of course, another way to lower insurance goes through oneself.

Maintaining a clean accident history will prevent the policy from becoming more expensive. Finally, keep in mind that car insurance policies are automatically renewed unless they are canceled at least one month in advance. It is therefore necessary to know the expiration date of the policy and do a search to see if there is any company that can improve the current price.

According to the criteria of The Trust Project

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