Question
What does homeowners insurance cost in Spain? Do you pay property taxes? We are paying $4,800 annually for homeowners insurance and our property taxes are about $2k annually.
Auto insurance with the same company that gives us discounts because we have our homeowners with them and that is another $5,400 annually. I’m so over it.
For context, we are taxed on an assessed value of $119,750.00, but I believe the insurance is covering around $480k- which is what it would cost to rebuild if we experienced a total loss.
Answers
“About €500 for the home insurance. About €1000 for the property tax. About €1000 for the car insurance.”
“Same here! €2k home annually, €500 auto full annual, €1,400 annual medical and dental/year. Comparable in West Palm Beach was $50k/year for home, auto was $7–9k/year.”
“My home insurance in Boca Raton is now $1,588 EVERY MONTH! Property taxes are $11k/year. I can’t wait to get to Spain.”
“The insurance for full comprehensive coverage on my mini is €400/year.”
“Insurance in Spain also comes with breakdown cover.”
“I pay €700 a year for a 200 sqm house. This includes garbage collection.”
“My yearly property tax is almost €300, and my car insurance, full coverage, is €800.”
“€500 per year insurance, €600 per year tax.”
“I pay €225 annually for my property insurance and €375 annually for car insurance. My property tax is around €200 annually.”
“Though newer cars are more expensive to insure, shop around. We use AJB Insurance.”
“House taxes are about 90% less than I pay in Florida and the house here has more value. Insurance is much less too, at €340 a year.”
“I don’t own a flat here but we paid cash for a brand-new car when we moved here and our full coverage no deductible insurance for said car is under €100 per month. We pay under €30 per month for renters insurance.”
“We have 4 cars, full coverage in TX, and full coverage was $4,800 a month—no accidents, no losses. They say it’s because I have a teen driver (19, no accidents or tickets).”
“€160 for home insurance. €400+ for auto insurance. €100 for property taxes.”
“Property tax €200 per year, 2-bedroom apartment. Homeowners insurance €210 per year. Auto insurance, new car, full coverage €500 per year.”
“My yearly property tax is €450 and home insurance is €480. Car insurance full coverage €370.”
Conclusion
According to members of the Spainguru Facebook group, homeowners insurance in Spain is significantly cheaper than in the United States.
While US members report paying thousands of dollars annually—up to $4,800 for homeowners and over $5,000 for auto insurance—many in Spain report homeowners insurance ranging from €160 to €700 annually, depending on property size and location.
Property taxes in Spain also tend to be low, often under €500 per year, compared to $2,000 or much higher in the US. Auto insurance with full coverage ranges from €370 to €1,000 per year, often including breakdown cover.
Though cost comparisons should always consider location, coverage details, and lifestyle differences, this discussion makes clear that Spain offers far more affordable insurance options, especially for those relocating from high-premium US states like Florida or California.
