Tips for optimal insurance coverage: How to save money and still have the right protection! #Insurance #Saving Money #FinancialTips

Tips for optimal insurance coverage: How to save money and still have the right protection! #Insurance #Saving Money #FinancialTips

According to a report from www.capital.de, many consumers spend a lot of money on insurance, although the right protection does not necessarily have to be expensive. According to statistics from the German insurance industry, on average every German consumer has taken out more than five insurance contracts and spends over 2,600 euros per year on them.

There are some tricks to save money on insurance. For example, unnecessary contracts can be terminated, such as cell phone, glasses or pet health insurance, which are often unnecessary. Changing insurance companies regularly can also save a lot of money, especially on car insurance. Furthermore, the premium can be significantly reduced by agreeing on a deductible for certain insurance policies, such as liability or motor vehicle policies.

Another tip is to pay for more expensive insurance such as occupational disability insurance or car insurance annually rather than monthly, which leads to a certain amount of savings. It is also worth not agreeing on too much protection, as additional services are often not really needed.

It is advisable to check your insurance coverage in the event of drastic life situations such as a wedding or birth, as this may allow you to save on insurance. For example, there are plans that cover an entire family without the need for a marriage certificate.

All of these tips can help consumers save money on insurance without neglecting the right insurance coverage. According to a report from www.capital.de.