Motor Insurance
Know your policy and cover
At the time of motor insurance renewal, many people will shop around for a cheaper quote, but if you find a cheaper premium than your renewal, please check carefully that you have the same cover. We hear so many times that a client has the same or better cover for a substantially lower premium, only to find on investigation that they have been offered Third Party Only when their present policy is Comprehensive.
Insurers will generally offer new comprehensive policies for vehicles only up to a maximum age of car depending on their own terms at the time of the policy start date. Most Portuguese insurers will restrict comprehensive for a new policy to cars that are under 8 years old, but may consider up to 10 years; Ibex will offer comprehensive for cars up to 15 years old at inception.