Car insurance 2023: price increases expected - tips for saving

Car insurance 2023: price increases expected - tips for saving

Car insurance costs continue to rise, and consumers should prepare for further price increases in the coming year. According to comparison portals, tariffs have already increased by a double-digit percentage since last year. One way to reduce costs is to change insurers. But there are other strategies to save money on car insurance.

It is advisable to compare the tariffs of different providers, as the price increases vary depending on the insurer. Using comparison portals such as Verivox and Check24 can be helpful to identify potential savings. When choosing insurance, it is important to note that not all major providers are listed on the comparison portals.

In addition to switching providers, consumers can also take other steps to reduce costs. These include limiting the number of drivers, using a telematics tariff for careful driving behavior and reducing annual mileage. Switching from fully comprehensive to partially comprehensive insurance and changing the payment method from monthly to annual can also lead to financial savings. It is advisable to regularly check your car insurance for savings opportunities.

Consumers should also keep an eye on the notice periods for their vehicle insurance. Many insurers have individual termination dates that are not always at the end of the year. If the regular termination date is missed, a special right of termination can be exercised under certain circumstances, for example if the contribution invoice was received after the official deadline and the contribution was increased. It is therefore worth checking the contract conditions carefully in order to make use of savings potential in good time.