Tips for changing car insurance before the deadline on November 30th - What drivers should consider © Jennifer Garic

Tips for changing car insurance before the deadline on November 30th - What drivers should consider © Jennifer Garic

According to a report from www.capital.de,

The changing season for motor vehicle insurance is in full swing and many insurers have adjusted their premiums. Drivers have until November 30th to cancel and change their car insurance. But what should you pay attention to when changing? The prices for motor vehicle liability insurance are currently an average of eleven percent higher than the previous year. Nevertheless, a real price war has broken out among insurers, as prices for motor vehicle insurance have fallen by 16 percent compared to the summer. However, drivers should not only pay attention to the price, but also to the benefits of the policies. Good motor vehicle liability insurance should cover personal injuries, property damage and financial losses amounting to at least 100 million euros and cover gross negligence. It should also insure rental vehicles abroad and damage caused by marten bites. Switching from full to partial insurance can save money in the short term, but the savings are usually small. If you feel fundamentally satisfied with your current insurer, you should check whether they offer a new, cheaper tariff.

Additional fact-based information:

The increased prices of motor vehicle liability insurance and the price war among insurers are having an impact on the market. Drivers have the opportunity to benefit from the reduced prices by canceling their car insurance and switching to a cheaper provider. This could lead to an increase in customer switching in the auto insurance industry.

The higher premiums could also impact consumers as they have to spend more money on car insurance. On the other hand, they could benefit from lower prices if they switch insurers at the right time and get cheaper rates.

The entire motor vehicle insurance industry could be influenced by rising prices and price wars among insurers. Insurers are forced to offer competitive prices and offer attractive benefits in order to attract and retain customers.

The consumer protection organization Bund der Insured (BdV) gives clear recommendations for good motor vehicle liability insurance. This information could be taken into account by drivers when choosing a new tariff and prompt insurers to adjust their services accordingly.

This article examines various aspects of changing car insurance. The topic is presented in detail by compiling current contribution adjustments and advice from the BdV. The article provides relevant and important information for car owners who are faced with a decision about changing their car insurance.