Switch now: Check car insurance by November 30th and save money!

Switch now: Check car insurance by November 30th and save money!

According to a report by amp.zdf.de, motor vehicle liability insurance premiums have increased by an average of 16 percent compared to the previous year. This increase is due to several reasons. On the one hand, people are driving more again after the Corona years, which is leading to an increase in the number of accidents. On the other hand, increased inflation and the resulting more expensive spare parts and workshop work have led to higher prices. Although prices will continue to fall slightly until November 30th due to competition around the switch date, this trend is expected to continue next year.

It's important to note that there is often a difference of several hundred dollars between the most expensive and cheapest car insurance. Therefore, consumers should now particularly consider changing their insurance. Experts recommend checking contracts regularly and asking your current insurer about discount options. If no discounts are offered or negotiations fail, switching to a new provider may be considered.

To find a new insurer, we recommend using comparison portals and specialist magazines such as Finanztest. The most recent contribution invoice and information on annual mileage should also be kept ready. It is also advisable to carefully examine the details of the new insurance policy, not just the price. Care should be taken to ensure sufficient insurance amounts and to waive objections in the event of gross negligence. Discount protection can also be useful to protect against expensive downgrades.

It can be worth changing your car insurance to save costs and benefit from discounts. Consumers should therefore regularly review their insurance contracts and, if necessary, switch to a cheaper provider.

Source: According to a report by amp.zdf.de, “Deadline November 30th: Changing car insurance can be worthwhile” (October 30, 2023), accessed on October 31, 2023.