Do car insurance renewals come with the same terms and cost the same?

If you wish to renew your car insurance policy, you must bear in mind that both your protection conditions and your premium will be subject to possible modifications, motivated by the generation of bonuses and penalties related to events occurring during the validity of your insurance.

When renewing your car insurance, in order to extend its validity for another year, you must assume that the conditions and the premium of your insurance will be subject to possible variations due to various aspects, which may give rise to the generation of bonuses or penalties.

In this sense, the renewal of your premium will be carried out on the basis of a series of aspects similar to those established in the requirements of the insurance initially contracted, such as those which, by way of example, are shown below:

•    Age of the person who appears as the policyholder and/or insured.
•    Experience of the habitual driver, established on the basis of the years elapsed since initially obtaining their driving licence.
•    Age of the vehicle.
•    History of notifications of previous claims.

For this reason, if you want to know with certainty the cost associated with the renewal of your insurance, it is advisable that you do not estimate this data based on how much car insurance is worth to a relative or friend, as the premium of each insurance policy can vary substantially based on the factors we have mentioned above