Save money with the right deductible in your car insurance: Find out which deductible is best for you!

Save money with the right deductible in your car insurance: Find out which deductible is best for you!

How amp.infranken.de According to reports, you can save up to a third of your money over the course of a year by changing your car insurance contract. The most important point in the contract is the deductible.

Save money through a high personal contribution

The higher your deductible is within your vehicle insurance, the lower the monthly amount. According to experts, a sensible deductible is €150 to €300. With a deductible of €150, you can reduce your total monthly insurance amount by 21% on average. At €300 it's even 28%. This gives insurers the advantage that smaller damages are covered and repair costs and processing cases are avoided.

However, this means that you have to cover minor damage yourself. Driving carefully is particularly advisable. Your insurance will only cover the amounts that exceed the deductible. This deductible is only available in fully and partially comprehensive insurance. The legally required motor vehicle liability insurance runs without a deductible.

You should choose this deductible

You should always make the deductible dependent on your own budget. If you can easily manage a high deductible, a high deductible is worth it. However, if you don't want to pay a large amount all at once after an accident, you should choose a low deductible. In addition, depending on the extent of the damage, it may be worthwhile to pay for the damage yourself that exceeds the deductible. When choosing your own contribution, you should also take into account how much you drive annually. The more you drive, the higher the risk of accidents.

A common variant is to select a deductible of €150 for partially comprehensive insurance and a deductible of €300 for fully comprehensive insurance.

The difference between liability, partial insurance and fully comprehensive insurance

General motor vehicle liability insurance is required by law and must be available. If a driver causes an accident, motor vehicle liability insurance covers the damage suffered by the other road user. Damage to third-party objects, such as a property wall, is also covered. However, motor vehicle liability insurance does not cover repairs to your own car.

Partial comprehensive insurance also pays for theft, glass breakage, damage caused by storms, fire, accidents involving wildlife and more. With fully comprehensive insurance, all costs are covered, even in the event of an accident that you are responsible for.

Conclusion: Adjust your personal share individually

The greatest potential for saving on car insurance lies in the amount of your deductible. The higher this is, the lower your monthly contribution. Adjust this to the number of kilometers you expect to drive and your individual budget. If you take a risk here, you can save a lot.