Pay for small parking bumps yourself? No claims class and protect your premium!

Pay for small parking bumps yourself? No claims class and protect your premium!

According to a report by www.freenet.de, it is often disadvantageous for insurance premiums to have even minor accident damage settled. The no-claims class can deteriorate drastically. However, it is important to weigh the cost of the repair and calculate whether it is worth paying for the damage yourself.

Accidents can cause the no-claims class to drop rapidly, which can lead to higher insurance premiums. A fall from no-claims class 35 to 18 is realistic. Depending on the circumstances, you should therefore pay the damage yourself and keep the current no-claims class.

It is recommended that you pay for damages that are no more expensive than 1,000 to 1,500 euros yourself. Especially for insured people in lower no-claims classes up to around 6, it is usually worthwhile to have the insurance company pay for the damage, as downgrading hardly means a loss of class.

It is also possible to buy back the damage after it has been paid by the insurance company. However, this should only be done after consulting with the insurer and checking the conditions, as there may be one claim per year “free”.

Overall, the individual situation and the amount of damage must be taken into account and weighed up as to whether it is worth paying for the damage yourself in order to receive the no-claims class and the insurance premium.