ADAC car insurance survey: 46 percent of drivers are considering changing their car insurance

ADAC car insurance survey: 46 percent of drivers are considering changing their car insurance

According to a report by www.presseportal.de,

The survey by ADAC Autoversicherung showed that 46 percent of drivers in Germany are open to changing their vehicle insurance. Drivers between the ages of 30 and 39 are particularly willing to change. It is also interesting that most drivers (90 percent) are satisfied with the scope of their current insurance, which makes the high willingness to switch even more remarkable.

The willingness of almost half of drivers in Germany to change can have a significant impact on the insurance market. An increase in the number of insurance switches could lead to increased competition between insurance companies. This could potentially lead to a reduction in insurance premiums to attract customers. For insurance companies, this could mean that they need to focus more on customer retention and improving their services in order to retain their existing customers.

This could have positive effects for consumers in the form of better services and lower prices. Car insurance premium increases could also potentially slow. Those who could particularly benefit from the switch could be younger drivers, who, according to the survey, are more concerned about performance and service than price.

Overall, the high willingness to switch combined with an overall high level of satisfaction with the services of current insurance companies indicates a changing market that offers opportunities and challenges for insurance companies and consumers alike. It remains to be seen how insurance companies will respond to these trends.