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Changing car insurance: Save money with the right offer - financial expert
Car insurance prices are currently rising everywhere. However, switching insurance can save money. According to a report on merkur.de, interested parties should act soon, as termination is only possible until November 30th. Consumer advocate Elke Weidenbach recommends concluding the new contract first and then taking care of terminating the old contract. Some providers even accept termination as a service for their customers. However, it is also worth asking your current insurer about discount options. Changing insurance can have an impact on both the market and the consumer. There may be a…
Changing car insurance: Save money with the right offer - financial expert
Car insurance prices are currently rising everywhere. However, switching insurance can save money. According to a report on merkur.de, interested parties should act soon, as termination is only possible until November 30th. Consumer advocate Elke Weidenbach recommends concluding the new contract first and then taking care of terminating the old contract. Some providers even accept termination as a service for their customers. However, it is also worth asking your current insurer about discount options.
Changing insurance can have an impact on both the market and the consumer. The market may see a shift in market share as policyholders may switch to cheaper providers. This could lead to more intense competition between insurance companies. For the consumer, switching insurance can result in financial savings as cheaper offers are available on the market.
The impact on the industry can also be significant. A high number of insurance changes can lead to a decrease in insurance company revenue. This could result in companies having to adjust their tariffs or take other measures to compensate for lost revenue.
Good insurance should meet certain criteria, such as a high level of coverage of at least 50 million euros or even 100 million euros, the waiver of the defense of gross negligence and discount protection. This information was recommended in a ZDF broadcast.
It is also important to note that the deadline for changing car insurance is November 30th, but there are also contracts with different deadlines. There is a special right of termination in the event of a premium increase or after an event of damage. According to AutoBild, however, termination is only possible after negotiations over compensation have been concluded.
Overall, those interested should carefully examine the options for switching insurance and compare the current offers on the market in order to get the best deal.
According to a report by merkur.de.
Read the source article at www.merkur.de