Plenty of Spanish vehicles travel into Gibraltar every day. My Spanish insurance on my Panda 4x4 and my KTM 690 covers me for both Morocco and Spain.
If you have valid insurance for Spain I believe it will cover Gibraltar, have a read of this link.
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"For sheer delight there is nothing like altitude; it gives one the thrill of adventure
and enlarges the world in which you live," Irving Mather (1892-1966)
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