Insurance Companies in Spain
The insurance broker
has been a stable part of providing advice, cover and service for
many years, well before the introduction of direct Insurance
companies such as direct line motor insurance in the UK. The brain
child of Sir Peter Woods back in 1985, funded by bankers RBS Group,
who went on to wholly acquire the direct line insurance company.
red telephone on wheels and a jingle of great annoyance was
introduced prior to the internet and was launched to cut out the
middleman, the insurance broker. Their want was to offer a quick and
straightforward customer experience by the phone and later online and
it cannot be denied that they have been highly successful in bringing
their image and product to the market place.
Later on, in the mid
1990’s, 1995 to be precise, the Group creates Linea Directa, a
direct motor insurance company, as a joint venture with Bankinter in
Spain. Same red telephone on wheels, same annoying but unforgettable
jingle and the expats flock to it.
Expats living in Spain from all
countries thought that this was the best place for them to obtain their
motor insurance. In 2008 Bankinter exercises its option to buy out
RBS Group’s 50% stake in the Spanish business and from then on
Linea Directa insurance company in Spain is separated from the
The public can see no difference and Linea
Directa, now solely owned by Bankinter, continue from strength to
strength. They continue the model of direct sales, eliminating
independent advice and the perceived unnecessary costs that such can
bring and focus on car insurance, motorcycle insurance, home
insurance and motor vehicle for Company Insurance.
Come 2012, back in the UK, Direct Line separate from their parent group RBS, achieving the long sort after goal of being a standalone Insurance Company.
So that it that story in a nut shell, so why bother even considering any other alternatives? Well let’s start at the beginning, a quote to insure your home or car. Putting to a side for one moment you’re want for pet insurance or your need for health insurance, Life insurance or Pension.
Firstly, today you can deal with most insurance companies in
Spain directly, however it will not be any cheaper than transacting
your business via an Independent Spanish Insurance Broker.
favourites, Liberty Seguros, (Insurance Company) and Caser Seguros,
(Insurance Company), two excellent firms. Do you want to spend your
time contacting them both for a quote?
Surely it would be more straightforward to contact your insurance broker who will look at these two, and many others, prior to returning to you with the best price that could be found?
Any insurance questions you may have can be asked of and answered by your English speaking insurance broker, regardless of the number of insurance companies that have been looked at in order to find the correct solution for you.
Then of course there is
the reality behind why insurance is purchased in the first place! Yes
and obviously car insurance or any form of commercial vehicle insurance is
purchased because it is compulsory.
But accidents do happen. One can
go shopping and return to find a dent that was not there prior to
parking, and as we all know it is the making of a claim that can be
the most frustrating!
Best advice is not only in the taking out of
the insurance policy but what to do and where to go when the worst
happens. Here again is why being with a Spanish insurance broker rather than
being with a Spanish insurance company, can truly help simplify the worst
when it happens.
We buy insurance, especially compulsory car insurance, as there is no choice. Price is important but ease of claim when the unwanted occurs, as it surely does, makes a very big difference. At efpg, we pride ourselves on our claims service, in English, of course.
Once you have found the insurance broker for your car or your home you know they will be there, on your side, willing, wanting and capable of helping you with whatever else you consider as a need or a want. Advice cost nothing but knowing where to go for such can take time.
efpg - here for what matters most!