Car Insurance

In order to get the lowest premium possible for your car insurance, these are the steps you should take. Firstly, we'll debunk some myths which most people think affect their car insurance premiums - for Liberty Seguros insurance at least!

1. It does't affect your premium if your car is parked in a garage or not. 

2. It doesn't matter what colour your car is!

How to lower your premiums...

1. If you use the vehicle "occasionally", this will decrease your insurance premium.

2. Obtaining your insurance 3 months before your existing policy expires decreases your premiums significantly. Statistcally, drivers who plan ahead tend to be more careful drivers than those who "shop around" at the last minute.

3. By being insured with Liberty Seguros, you are not necessarily finding the CHEAPEST PREMIUM on the market. However, their insurance covers are mostly NOT on a "First Loss" basis like most other leading insurance providers. This means FOR EXAMPLE if you had an accident twice in the same year, you would be paid out for BOTH accidents IN FULL rather than only on your first accident. When making a claim with Liberty Seguros, you will not have to dial a premium rate number like most other leading insurance providers. Plus, TIBC SL are here to fight on your behalf if they have to should difficulties arise when making a claim.

4. Limit the medical insurance cover for occupants to only the driver or the driver plus one if you only use your car yourself or have one other person. Note: existing medical insurance of other occupants may cover them for car accidents depending on their policies and therefore would not need covering under your car insurance.

5. The more no claims you have, the more discounts are applied to your car insurance quote. Liberty Seguros award good drivers with great service! In order to confirm your no claims, we would need to know your previous insurance company and the last 5 digits of the insurance policy number. NOTE: We do not insure anyone with no previous insurance history and the Main Driver must be over 25 years old and have had their license for over 2 years. 

6. If you have other insurance policies with Liberty Seguros, you receive a discount through their Multi Policy Discount system. (TIBC SL also offer insurance for pets, life, inheritance tax, hobbies, golf, restaurants, bars, offices, communities and more...)

7. Agreeing to an excess of 200 Euros for example will significantly decrease your car insurance premium. 

8. By not modifying your car or fitting multimedia equipment which isn't factory fitted will not increase your car insurance premium.

House Insurance

Here's how you can go about decreasing the cost of your House Insurance.

1. Installing an alarm system which is connected to a remote monitoring system such as Securitas Directa will decrease your premius by up to 10%!

2. Installing a fitted safe, blinds, security locks and security glass have a minimal effect on your insurance premiums but they do decrease the chances of you having to make a claim which MAY increase your premium.

3. If you have other insurance policies with Liberty Seguros, you receive a discount through their Multi Policy Discount system. (TIBC SL also offer insurance for pets, life, inheritance tax, hobbies, golf, restaurants, bars, offices, communities and more...)

Conclusion

Remember, to cancel your existing insurance policy, you must give your current car or house insurance provider AT LEAST ONE MONTH'S NOTICE. We advise you to find your new insurance provider 3 months prior to the expiry of your current insurance policy and to give your current insurance provider at least 2 month's notice so it lessens the chance of it "getting lost in the post". TIBC can send you a template letter of cancellation which you can send to your current insurance provider. 

You can use our quick online insurance request forms and we'll send a quote straight to your inbox by clicking the link OR get in touch with us. We are exclusive insurance agents for Liberty Seguros in Tenerife, Fuerteventura and the rest of the Canary Islands.