Note the deadline: Change your car insurance and save in November 2023

Note the deadline: Change your car insurance and save in November 2023

According to a report by www.echo24.de, When looking at their payslip, many employees can look forward to the coming month, as the Christmas bonus is often paid out with their November salary. In addition, car owners have until the end of November to save up to 16 percent on car insurance. But there is an important deadline to note in order to submit the notice of termination on time. Furthermore, the railway is threatened with a 20-hour warning strike, which will lead to numerous train cancellations in regional and long-distance transport.

Price analysis by comparison portal Verivox suggests that car insurance prices could rise by up to 16 percent in 2024 compared to 2023. This is expected to result in car owners increasingly comparing prices and, if necessary, switching to another provider to save money. However, they must observe the notice periods in order to switch in time and realize the savings. Increased demand for car insurance comparisons and changes is expected.

The payment of Christmas bonuses, especially to employees who are paid according to collective agreements, will have a positive impact on retail and consumption. With extra money in their pockets, consumers are expected to spend more on gifts, leisure activities and entertainment. This can lead to an increase in retail sales, especially in the run-up to Christmas.

The announced 20-hour warning strike on the railways will cause considerable inconvenience for commuters and travelers. The public transport sector, particularly rail, will experience a temporary slowdown in operations, which could negatively impact mobility and regional trade. This could lead to losses for the railway and frustration for travelers.

Overall, the above developments are expected to have a significant impact on the market, consumers and industry. Companies should prepare for increased demand for car insurance comparisons and switching, retailers can benefit from increased purchases through Christmas bonuses, and the railways will face challenges from the warning strike.