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Bad surprise: car insurance is up to 16% more expensive - those who change can save up to 31%!
According to a report from www.focus.de, car insurance has become up to 16 percent more expensive this year. Especially in fully comprehensive insurance, prices in the affordable price segment rose by an average of 16 percent. This is due to inflation-related increases in repair costs and increased loss rates. The price increases primarily affect existing customers, as insurers assume that they are too comfortable to switch. However, a change is particularly worthwhile this year, as insurance companies are fighting for market share and are offering significantly lower prices for new customers. According to Verivox, switchers can save up to 31 percent, especially on liability insurance. Despite …
Bad surprise: car insurance is up to 16% more expensive - those who change can save up to 31%!
According to a report from www.focus.de, car insurance has become up to 16 percent more expensive this year. Especially in fully comprehensive insurance, prices in the affordable price segment rose by an average of 16 percent. This is due to inflation-related increases in repair costs and increased loss rates. The price increases primarily affect existing customers, as insurers assume that they are too comfortable to switch. However, a change is particularly worthwhile this year, as insurance companies are fighting for market share and are offering significantly lower prices for new customers. According to Verivox, switchers can save up to 31 percent, especially on liability insurance. Despite the price increases, new customers have the opportunity to find attractive offers and save.
The price increases in the automobile insurance industry have several impacts on the market and consumers. Due to the increased prices, drivers have to reduce their expenses and can slow down price increases by changing their vehicle insurance. This year's switching season offers particularly low prices for new customers as insurance companies fight for market share. This leads to a possible loss of market share for established insurers, while new entrants could gain market share. For consumers, this means the opportunity to benefit from attractive insurance offers and reduce their expenses.
Overall, it can be seen that price adjustments in the motor vehicle insurance industry are leading to increased competition and price wars. This has an impact on the market share of individual insurance companies as well as on the financial situation of consumers. The ability to change insurance and save money is an important option for drivers in times of rising living costs. Therefore, consumers should use the changing season to benefit from the cheap offers. This is a good opportunity to reduce car insurance costs and optimize your own expenses.
According to a report from www.focus.de.
Read the source article at www.focus.de