Motor vehicle insurance costs will soon rise for millions of drivers – type in the new model now!

Motor vehicle insurance costs will soon rise for millions of drivers – type in the new model now!

According to a report from www.merkur.de, it is clear that car insurance will become more expensive for around seven million drivers from 2024. This affects, among others, models such as the Ford Focus 1.0 and the Audi Q5 50 TDI Quattro. Most drivers, on the other hand, will have unchanged type classes or even benefit from better type classes. The type classes are determined based on damage balances and can increase or decrease depending on the model.

The implications of these differences are enormous. Depending on the new model class, it will either be more expensive or cheaper for drivers. The amount of the insurance premiums can also change significantly. A comparison on comparison portals such as Verivox.de can help you find the cheapest insurance.

A total of almost 13 million vehicle owners will be affected by the new type classes. Drivers of older models and small cars in particular can benefit from cheaper insurance premiums, while owners of SUVs and luxury vehicles have to expect higher costs.

Overall, classification into a lower type class is more advantageous because the insurance costs are lower. It is therefore advisable to check your insurance for the coming year and, if necessary, change it to save costs. It remains to be seen how these changes will impact the market and consumers, particularly in terms of new car purchasing decisions and the financial burden on drivers.