Getting a automotive coverage that basically meets expectations in emergency conditions relies upon primarily on the corporate behind you. Typically the worth shouldn’t be the whole lot, and it’s handy to know the load that our entity has within the insurance coverage market. Because of this, we’ve developed a rating of the 10 finest automotive insurers in Spain by premium quantity. They’re those that promote probably the most automobile insurance policies and which means one thing, do not you suppose?
This checklist of automotive insurers has been ready with knowledge from the statistics service of the insurance coverage sector in Spain, ICEA, referring to the 12 months 2018. As well as, you will need to be aware that this can be a rating of insurance coverage teams, that’s, it might be that Insurance coverage of Automotive marketed by a number of manufacturers specialised in such a product are below the identical Insurance coverage firm.
Why is it attention-grabbing to know the automotive insurers that promote extra Insurance coverage?
The thought of making ready this put up in regards to the automotive insurers that promote probably the most insurance coverage in Spain goals to indicate purchasers of such a coverage, particularly probably the most undecided, how the automobile insurance coverage market is distributed and present that are the main insurers In our nation.
In case you are pondering of adjusting insurance coverage corporations, this rating presents you clues as to which corporations have earned the belief of nearly all of drivers. Any of them supply the ensures that all of us count on from a Automotive Insurance coverage, though it’s true that every Insurance coverage firm has its peculiarities.
And for that motive, Insurance coverage brokers could be key when insuring a automobile. They know higher than anybody the merchandise of every firm and might advise and show you how to rent low cost automotive insurance coverage and with the protection you actually need. And naturally, with main corporations within the sector, equivalent to people who seem on this rating of automotive insurers.
The very best auto insurers within the Spanish market
The automotive insurers on this checklist are giant corporations that handle lots of and even billions of euros in premiums.
Many entities stay exterior the rating, however the reality is that among the many ten largest auto insurers they account for 85% of the whole premiums within the Spanish insurance coverage market.
And it’s that, on this membership of the massive auto insurers not simply anybody. These are the main corporations within the Spanish automotive insurance coverage market:
If we discuss giant auto insurers, Mapfre It’s the largest firm within the Auto trade by far. Solely in 2018, it achieved 2,226 million euros in premiums and consolidated a market share of 20%. Come on, it may very well be mentioned that 1 in each 5 euros allotted to insuring automobiles is translated into Mapfre Automotive Insurance coverage.
Nevertheless, this insurance coverage group has vastly diversified its exercise and may be very sturdy in different kinds of insurance policies, amongst which we will spotlight Mapfre’s House Insurance coverage, in addition to Life and Well being insurance policies, amongst others.
Nevertheless, Mapfre is among the nice specialists in insuring all kinds of automobiles and has a large insurance coverage supply for passenger automobiles, with tailor-made insurance policies, Youth Insurance coverage and specialised insurance coverage merchandise, equivalent to Insurance coverage for Basic Automobiles or Insurance coverage for Automobiles. Electrical
Mapfre Insurance coverage Data
Mapfre Help Phone: 91 581 18 28
The group Allianz ranks second on this Automotive Insurance coverage rating. The German multinational acquired 1,563 million euros in premiums in 2018 and was one of many insurers that grew probably the most throughout that 12 months.
Actually, it at present has greater than 14% market share in car insurance policies, with a diversified Allianz Insurance coverage for Autos providing, aimed toward each people and self-employed professionals and corporations.
Allow us to not neglect that Allianz is among the major insurance coverage teams in Europe and that in Spain it presents all kinds of insurance coverage merchandise, equivalent to Allianz House, Life, Well being and Enterprise Insurance coverage, in addition to an vital vary of Financial savings merchandise. and funding.
Allianz Insurance coverage Data
Allianz Help Cellphone: 91 452 29 12
3. Mutua Madrileña Group
The third drawer of the rostrum of enormous automotive insurers is for the Mutua Madrileña Group, which closed 2018 with a premium quantity of 1,485 million euros. Auto Insurance coverage has been the standard engine of this more and more diversified insurer, which has managed to place itself with the main Normal Insurance coverage insurer in Spain.
Nevertheless, Mutua Madrileña Automotive Insurance coverage presents attention-grabbing protection and lots of providers and benefits, which make its supply very engaging, each for passenger automobiles and Bike Insurance coverage. Not surprisingly, the Mutua group accounts for greater than 13% of your entire automobile insurance coverage market in Spain.
Data on Mutua Madrileña Insurance coverage
Mutual Help Phone: 91 342 07 58
4. AXA Insurance coverage
One other of the big worldwide insurance coverage teams, AXA Insurance coverage, is on the forefront of the Auto trade in our nation. With about 9% market share and 967 million euros in premiums, the French firm is the fourth largest automotive insurer by quantity of premiums.
AXA is taken into account the world’s main insurer and in Spain it is among the largest teams within the sector. Along with AXA’s full Automotive Insurance coverage supply, it is among the major Non-Life Insurance coverage corporations, with merchandise equivalent to AXA House Insurance coverage.
However, the corporate additionally stands out for its AXA Life Insurance coverage and AXA Industrial Insurance coverage. It additionally presents rather more particular options, equivalent to AXA Bicycle Insurance coverage or Life Insurance coverage for diabetics.
AXA Insurance coverage Data
AXA Help Cellphone: 91 111 95 43
5. Direct Line
The Bankinter group insurer, Direct line, has crept into the highest 5 of the biggest Automotive Insurance coverage corporations in 2018, after reaching a premium quantity of 741 million euros. After a superb 12 months, this firm has already gained 6.6% of the market share.
Línea Directa is among the financial institution insurers that has targeted on automobile insurance coverage, though it has been betting for a while to diversify into different kinds of insurance policies, equivalent to House Insurance coverage.
Hotline Help Phone: 900 100 120
6. Catalan Group
The sixth place on this rating is occupied by an insurance coverage group that integrates a number of well-known manufacturers within the sector. Catalana Occidente Insurance coverage, Plus Extremely Insurance coverage O Bilbao insurance coverage, amongst others, are a few of the group’s manufacturers that function within the car insurance coverage market.
The group as an entire achieved a premium quantity in Auto Insurance coverage of 654 million euros, with a market share of 5.8% within the Auto enterprise.
Catalan West Insurance coverage Data
Catalan West Help Phone: 91 393 90 30
7. Actual Insurance coverage
Actual Insurance coverage It has additionally crept into the prime 10 automotive insurers with a quantity of premiums that in 2018 reached 527 million euros. These figures have allowed it to realize a market share of 4.7%.
Reale Automotive Insurance coverage is the principle enterprise of the insurance coverage group, though the merchandise it sells in Spain embrace Reale House Insurance coverage, Reale Life Insurance coverage and Insurance coverage for SMEs. As well as, the group additionally carries out an vital exercise in Life Insurance coverage, by way of the subsidiary Reale Vida y Pensiones.
Actual Insurance coverage Data
Reale Insurance coverage Help Cellphone: 912 741 375
8. Generali Seguros
The Generali Group It’s one other of the vital gamers within the worldwide insurance coverage sector with a robust presence in Spain. Within the Auto section, the insurer has a 4.68% share and occupies the eighth place among the many largest Automotive Insurance coverage corporations, with a quantity of premiums issued at 520.9 million euros.
Regardless of its worldwide vocation, Generali is among the insurance coverage teams with the longest expertise in Spain, the place it has been current since 1834. Presently, Generali’s Automotive Insurance coverage is among the many most contracted, though the House Insurance coverage of Generali and its Accident insurance policies, in addition to its vast portfolio of Life merchandise.
Generali Seguros info
Generali Help Phone: 91 514 00 28
9. Liberty Group
Liberty Insurance coverage is one other of the multinational insurance coverage teams that continues to be among the many major sellers of Automotive Insurance coverage in Spain. The ninth place within the rating is because of the 486 million euros in written premiums it achieved in 2018, which represents a market share of 4.37%.
Automotive Insurance coverage shouldn’t be the one enterprise of Liberty Seguros, which additionally presents its Liberty Life Insurance coverage, House and Well being insurance policies, in addition to custom-made options for transport corporations, equivalent to Liberty Commodity Insurance coverage, amongst others.
Liberty Insurance coverage Data
Liberty Help Cellphone: 900 101 369
The final place of this prime 10 of automotive insurers is occupied by the corporate Zurich, which in 2018 issued premiums for 371.Four million euros. Though Zurich has a market share of three.34%, it was the insurer that fell probably the most in quantity of premiums in comparison with the earlier 12 months, after registering a fall of three.71%.
Zurich Helpline: 934 165 040
The corporate of Swiss origin is the one which closes this rating of the biggest automotive insurers in Spain, a department that closed 2018 with a complete of 11,135 million euros in premiums, nearly 2% greater than the earlier 12 months.
Main Automotive Insurers and Trusted Insurance coverage Corporations
The insurance coverage teams that make up this prime 10 of Automotive Insurance coverage are main and solvent corporations, which have already consolidated buyer providers and a variety of insurance policies for virtually any driver.
However it’s a must to keep in mind that they don’t seem to be the one insurers that may reply to your wants, with good insurance coverage merchandise and reasonably priced costs.
When selecting a automobile coverage, many issues should be taken into consideration and it’s attainable rent cheaper Automotive Insurance coverage in giant corporations and, additionally, in trusted however smaller insurers.
It’s a must to evaluate presents and browse rigorously the situations of the insurance policies that they provide us. Within the weblog you will discover helpful ideas for contracting Automotive Insurance coverage, though our suggestion is that you just contact our advisors and request a quote.
What Insurance coverage brokers with in depth expertise in insuring all kinds of automobiles, we will evaluate probably the most tempting presents and choose those that may actually fit your wants, all the time in search of the most affordable value. You simply should fill out a questionnaire and we are going to get to give you the results you want.