In this way, you can take over your parents' or grandparents' no-claims class and save money.

In this way, you can take over your parents' or grandparents' no-claims class and save money.

According to a report by www.t-online.de, it is possible to take on a favorable no-claims class for car insurance from parents or grandparents. This trick can be worthwhile to get a cheaper tariff and is particularly useful if you have had a driving license for several years.

The no-claims class (SF class) is an important factor when calculating the premium for motor vehicle insurance. It shows how long you have been on the road as a policyholder without any damage. New drivers usually start with SF class 0 and move up to a better class after years of claims-free driving, which is accompanied by premium discounts.

The trick of taking over the no-claims class from parents or grandparents can mean that you benefit from the experience discounts that they have already received due to their long claims-free driving time. This can have a positive effect on the insurance premium and thus lead to savings.

However, there are some prerequisites and legal requirements that must be met in order to transfer the SF class. The process is similar for many insurance companies and usually involves contacting the vehicle insurance company, checking that the recipient has a driving license and applying for a class transfer.

It is important to note that the transfer of the SF class often takes place within the family and the parents or grandparents' no-claims classes are lost as a result. Therefore, this step should be carefully considered.

Overall, the option of taking on a favorable no-claims class offers an interesting option for saving costs and benefiting from the experience discounts of older family members. However, it is advisable to find out more about the conditions and legal aspects in advance in order to avoid possible disadvantages.