Incorrect mileage information for car insurance – this threatens drivers with expensive consequences

Incorrect mileage information for car insurance – this threatens drivers with expensive consequences

According to a report by www.echo24.de,

It is very important for drivers to specify the mileage as accurately as possible, as incorrect information can have serious and, above all, expensive consequences for car insurance. Exceeding the specified mileage limit may result in the insurance company refusing to pay in the event of an accident. In addition, a contractual penalty may apply and additional payment may be due. In the worst case, you could even face double the annual car insurance premium if the stated insured annual mileage is significantly exceeded.

This structuring of car insurance can have a significant impact on the market. Insurers can still be accommodating if the mileage limit is slightly exceeded, but most of the costs will be covered. However, in the long term, this may lead to a worsening of the financial situation of drivers, especially if fines for speeding continue to increase.

In addition, changes to vehicle insurance are expected to occur from 2024 onwards, which will affect millions of drivers. These changes could make car insurance even more expensive and increase the financial burden on consumers. It is therefore advisable for drivers to be well informed about the mileage scales and prices that vary from insurance company to insurance company in order to choose the best possible option and avoid unpleasant financial surprises.