Car insurance premiums rise by 14%: This is how car owners save in 2024
Motor vehicle insurance is 14 percent more expensive: Finanztip shows how drivers can still save. Find out now how you can optimize your car insurance and save money! #CarInsurance #Saving #FinancialTip

Car insurance premiums rise by 14%: This is how car owners save in 2024
The premiums for motor vehicle insurance have increased by an average of more than 14 percent compared to the previous year, as an analysis by the money guide Finanztip shows. This increase affects liability insurance as well as fully and partially comprehensive insurance. The price differences can vary significantly depending on the type of insurance, vehicle type and individual risk.
For example, partial comprehensive insurance for a 37-year-old driver of a six-year-old Mini Cooper will be 20 percent more expensive this year compared to the previous year. The price for fully comprehensive insurance for a driver of an electric car nearing retirement age increases similarly, and she now has to pay 65 percent more.
Despite these increases, drivers have options to reduce their insurance costs. On the one hand, you can take out a cheaper contract and, on the other hand, you have the option of optimizing your existing insurance cover. Experts recommend regular insurance comparisons to find the right service at a reasonable price. For example, even small adjustments such as choosing a higher deductible or switching to annual payment can lead to significant savings.
Another effective method to reduce contributions is to limit the number of drivers. By excluding novice drivers, such as children studying, almost half of the costs can be saved. Drivers should consider these measures to reduce their spending despite recent increases in car insurance prices.