Changing car insurance – Do consumers have to expect rising prices? Financial expert gives tips for saving costs

Changing car insurance – Do consumers have to expect rising prices? Financial expert gives tips for saving costs

According to a report by www.fr.de, car owners are facing further price increases for car insurance in the new year. The comparison portals Verivox and Check24 report that tariffs have already increased by a double-digit percentage last year. However, savings can be made by switching insurers. In addition to switching, there are also other ways to reduce car insurance costs.

Rising auto insurance prices can pose financial challenges for consumers. Experts recommend comparing prices to save money. Larger insurers such as HUK are not listed on comparison portals, but a comparison with independent organizations such as Stiftung Warentest or the Association of Insured Persons can still be worthwhile. These organizations have identified significant differences in price and performance between different insurers.

In addition to changing insurance, consumers can also save costs by calling the insurance company, changing tariffs, limiting the number of drivers, using a telematics tariff, reducing the annual mileage, switching from fully comprehensive to partially comprehensive insurance and changing the way the insurance premium is paid.

It is important to keep an eye on the cancellation date, as many car insurers have different cancellation dates. If the termination date is missed, there may be a special right of termination if the contribution invoice arrives after the deadline and the contribution is increased.

Overall, as car insurance prices rise, car owners have various options to save money. Thoroughly comparing offers and taking advantage of savings options can help reduce the financial burden.