Car insurance for seniors: Changing tariffs can save over 100 euros per year

Car insurance for seniors: Changing tariffs can save over 100 euros per year

According to a report by www.ndr.de Many drivers aged 55 and over are struggling with rising car insurance premiums even though they did not cause an accident. The insurance companies justify the increases with the supposedly increased risk of accidents among seniors in road traffic. However, statistics show that seniors are relatively rarely involved in traffic accidents compared to their share of the population, and it is only from the age of 75 that the risk of accidents increases significantly.

According to the report, the average increase in insurance premiums is currently 13 percent. But there are ways to switch to a cheaper tariff and save over 100 euros annually. By comparing insurance rates and using comparison calculators on the Internet, drivers can find out which insurance company offers the best rate. In addition, discounts for accident-free driving, reducing the number of kilometers and using younger contractual partners can reduce the premium.

It is also worth checking the scope of insurance and considering negotiating with the insurance company. By mentioning cheaper offers from competitors, remaining persistent and threatening to cancel, drivers may be able to negotiate better terms and discounts.

As an economic expert, I analyze the situation and see that rising insurance premiums can pose a financial burden for older drivers. This may result in seniors adapting their driving habits or even giving up their vehicle, which could have an impact on the automotive market and consumer behavior. It is therefore important to familiarize yourself with the tips and strategies mentioned in order to realize possible savings and reduce the financial burden.