Motor vehicle liability 2024: Expert tips for increasing premiums and money-saving measures.

Motor vehicle liability 2024: Expert tips for increasing premiums and money-saving measures.

According to a report from www.augsburger- Allgemeine.de, insurers plan to significantly increase the prices for motor vehicle liability insurance in 2024. According to Christian Buric, spokesman for ADAC Autoversicherung, the premium for fully comprehensive insurance in the affordable price segment will increase by 16 percent, while liability tariffs will increase by 12 percent and partially comprehensive insurance by 11 percent more expensive. These changing car insurance prices result from a variety of factors, including inflation, rising parts prices and higher repair costs. Insurance companies argue that they need higher premium income due to rising claims costs. However, it is noted that many insurers have significant loss reserves and have also made good profits during the pandemic. Experts advise drivers to check their car insurance and find out about alternative rates to potentially save money. Despite the premium increases, there are ways to find cheaper insurance and switch to take advantage of possible discounts or better benefits.

H2: Effects of contribution increases
The planned premium increases in the motor vehicle insurance industry have a direct impact on consumers. Average drivers will experience higher monthly costs for their vehicle insurance as premiums increase by 10-16 percent. This could lead to consumers reconsidering their driving habits or looking for alternative insurance options to save money. Additionally, the industry impact may mean insurance companies generate increased revenue to cover rising claims costs.

H2: Tips for consumers
To counteract the impact of premium increases, consumers should review their vehicle insurance policies and compare alternative rates to identify potential savings. In addition, it is advisable to compare the services in the event of a claim and check whether special discounts can be claimed. It is recommended that you speak to your current insurance company before making a switch, as there are often discounts for those willing to switch. Through these measures, consumers can potentially benefit from the premium increases and reduce their monthly costs.

H2: Conclusion
The planned premium increases in the motor vehicle insurance industry have a direct impact on consumers. It's important to evaluate cost savings options and research alternative insurance options to benefit from discounts or better benefits. Despite the planned price increases, there are ways to reduce the monthly cost of car insurance.