Suche
Mein Konto
Motor vehicle insurance premiums continue to rise - experts urge price discipline
Discover the latest developments in car insurance: Over 20 percent higher premiums are burdening drivers. What's behind it? Find out more at Businessforum21's “Mobility & Motor Vehicle Insurance in Focus” conference.
Motor vehicle insurance premiums continue to rise - experts urge price discipline
Car insurance premiums continue to rise as insurance providers have to make up for a significant shortfall and cost inflation. The K tariffs have increased by 12.7 percent since the beginning of 2023 and by as much as 24.2 percent by April 2024. According to Marco Morawetz from the General Reinsurance Corporation, 43 car insurers with a market share of around 55 percent have significantly adjusted their premiums.
The premium development could exceed the claims development in 2024, which could mean a reversal of the trend. For 2025, black numbers are only possible if the market continues to maintain the same price discipline. Dr. Per-Johan Horgby from Württembergische Versicherung AG confirms a significant increase in premiums of around 22 percent in 2024.
The fleet business in particular could face major challenges at the end of 2024. Many fleets are advertised on the market but still cannot find a home. The main due dates during the year are also increasing dramatically, with around 30 percent of contracts being affected.
The willingness of car owners to change has increased significantly, and almost half of all car owners were willing to change last year. The costs of car insurance are perceived as very burdensome by 61 percent of consumers. To ease the pressure on prices, many providers are planning to streamline their claims and cost management.