Car insurers are drastically increasing their premiums - 84% of vehicle owners affected
According to a report from www.verivox.de, car insurers have drastically increased their premiums this year, and 84 percent of vehicle owners are affected by the price increases. Of these price increases, 58 percent of respondents received a direct price increase, while 25 percent of vehicle owners noticed no change in their premiums despite not reporting any damage in the last twelve months. Only 12 percent said their contribution had decreased compared to the previous year. The majority of car owners (71 percent) accept the higher contributions, although there are ways to avoid them, such as changing tariffs, adjusting outdated information or...

Car insurers are drastically increasing their premiums - 84% of vehicle owners affected
According to a report by www.verivox.de,
Motor vehicle insurers have drastically increased their premiums this year, and 84 percent of vehicle owners are affected by the price increases. Of these price increases, 58 percent of respondents received a direct price increase, while 25 percent of vehicle owners noticed no change in their premiums despite not reporting any damage in the last twelve months. Only 12 percent said their contribution had decreased compared to the previous year.
The majority of car owners (71 percent) accept the higher premiums, although there are ways to avoid them, such as changing tariffs, adjusting outdated information or changing insurers. Wolfgang Schütz, managing director of Verivox Versicherungsvergleich GmbH, emphasizes that insurers have both increased premiums this season and offered new customers cheap tariffs to compensate for their higher expenses.
In view of this development, it is important for insured persons to know that they do not have to forego important services in order to find a favorable offer. According to Schütz, Verivox offers numerous tariffs with strong services at an affordable price and confirms that important services, such as the inclusion of gross negligence, animal and marten bites including consequential damage, as well as extended wildlife damage protection, do not cost any extra on average.
The results of the survey show that price increases in motor vehicle insurance are having a significant impact on vehicle owners. Despite the opportunity to avoid higher premiums, the majority of respondents accept the price increases. This could have a long-term impact on consumers' financial burdens and influence consumer behavior. In addition, these price increases could affect the competitiveness of insurance companies as they could seriously affect customer retention and new customer acquisition.
Read the source article at www.verivox.de