Motor vehicle insurance 2024: price increase for millions of drivers - expert tips for the type class query.

Motor vehicle insurance 2024: price increase for millions of drivers - expert tips for the type class query.

According to a report from www.merkur.de, one thing is certain: from 2024, around seven million drivers will have to prepare for higher costs for their vehicle insurance. This particularly affects owners of certain car models whose classifications fall into higher type classes. For around 70 percent of drivers, nothing changes and some models can even benefit from cheaper model classes.

Classification into higher type classes inevitably leads to higher insurance premiums for the drivers affected. This can significantly increase the annual cost of car insurance. On the other hand, drivers with cheaper model classes can pay significantly less for their insurance.

In the coming year, a total of almost 13 million drivers will be affected by the new model classes. Car owners of older models and small cars in particular can expect cheaper premiums. This opens up cheaper options for drivers, whether it is liability insurance, partial insurance or fully comprehensive insurance.

The impact of these changes will be particularly noticeable for car owners who drive models classified in higher model classes. The ADAC points out that a lower type class is associated with lower insurance premiums and vice versa. This can have a significant financial impact on car owners.

The new type classes can also mean that car owners have to change their insurance in order to receive cheaper premiums. Online comparison portals such as Verivox.de offer the opportunity to compare current tariffs quickly and easily.

In particular, car owners who previously paid expensive insurance premiums could achieve significant savings on their vehicle insurance through the new model classes. However, they must carefully consider the individual impacts based on the new classifications for their vehicles.

The new type classes will therefore lead to significant changes in the motor vehicle insurance market and will have a significant impact on consumers. Car owners should therefore examine the possibility of benefiting from the new regulations and familiarize themselves with the effects of the adjusted type classes in order to derive financial benefits from them.