Changing car insurance: Tips from the financial expert on cancellation and tariff comparison

Changing car insurance: Tips from the financial expert on cancellation and tariff comparison

According to a report from web.de, the article is about the possibility of canceling your car insurance on November 30th and switching to a cheaper provider. However, the Rhineland-Palatinate consumer advice center points out that when changing insurance, it is not only important to adhere to the deadline, but also to compare prices and services from different providers. Although comparison portals are good for a quick price comparison, they do not always offer a complete list of all available tariffs. Consumer advocates therefore recommend obtaining offers directly from insurers and taking independent advice.

The effects of changing insurance can vary depending on the provider and tariff. In some cases, consumers can save hundreds of dollars annually. In addition, switching to a provider with better services can close the coverage gaps in your old insurance.

It is important to note that some insurers do not start the insurance year on December 31st, but on a different date. In this case, the cancellation must be received one month before this date. A special right of termination may also apply if the premiums increase or the benefits change without a claim having occurred.

The best way to cancel your car insurance is in writing and with proof, ideally by registered mail. It is advisable to request confirmation of cancellation. It is important not to cancel the old insurance until the new contract has been finally concluded and the insurance period continues without a gap.

Changing car insurance can be worthwhile for consumers in order to save costs and receive better services. However, it is important to compare carefully and seek independent advice to make the best decisions.