Insurance companies, banks, energy suppliers: This is how you save up to 90 percent

Insurance companies, banks, energy suppliers: This is how you save up to 90 percent

As www.morgenpost.de reports, many existing customers of insurance companies, banks and energy suppliers often pay prices that are too high, while new customers are repeatedly lured with cheap tariffs. According to an assessment by Check24, this also applies to liability insurance, household contents insurance, residential building insurance and legal protection insurance. Changing your insurance provider can potentially save up to 90 percent of your insurance premium.

A similar phenomenon can also be observed in banks, especially in call money accounts. New customers are lured with high interest rates, while existing customers are often fobbed off with significantly lower conditions. Comparison portals can help you find a new provider and by switching, customers can save up to 316 euros a year.

When it comes to electricity and gas tariffs, the provider's strategy is to attract new customers with cheap tariffs and high premiums. However, it can become significantly more expensive in the second year if the bonus no longer applies. It is advisable to change providers every year in order to always benefit from the cheapest tariffs.

Call money is a classic form of savings investment that is safe and flexible, but usually only offers low interest rates. Other forms of investment such as fixed-term deposits, securities, real estate and savings plans offer different return and risk options and can make sense depending on your individual goals, risk tolerance and financial situation.

It is important that consumers regularly review their contracts and investments and, if necessary, change providers in order to always benefit from favorable tariffs. Careful analysis and comparison of the different offers can lead to significant savings. According to a report from www.morgenpost.de.

Source:
www.morgenpost.de