Why are car insurance premiums rising so sharply in 2022?

Gemäß einem Bericht von www.inforadio.de, ist in diesem Jahr ein besonders deutlicher Anstieg der Beiträge für die Kfz-Versicherung zu beobachten. Bei vielen Autobesitzern ist die Beitragserhöhung bereits im Briefkasten gelandet. Diese Entwicklung ist für die meisten Versicherungsnehmer keine Überraschung, da sie grundsätzlich mit steigenden Kosten rechnen.

There are various factors that influence the increase in car insurance premiums. One of the main reasons is the increasing number of claims. According to statistics, accidents on German roads have increased continuously in recent years. As a result, insurance companies incur higher damage costs, which they pass on to policyholders through higher premiums.

Another factor is the development of repair costs. As the technologies in vehicles become more and more complex, repairs are also becoming more expensive. Insurance companies must take these costs into account and charge correspondingly higher premiums.

The no-claims class also plays a role. The higher a policyholder's no-claims class, the lower the insurance premium is usually. However, if many policyholders are placed in a lower class due to claims, premiums will increase for those who were in a higher class.

The effects of these developments can be diverse. There could be increased competition in the market as insurance companies try to attract new customers or retain existing customers by offering attractive offers or keeping premiums stable. The consumer, on the other hand, has to expect higher costs for vehicle insurance. For the industry itself, the increase in premiums may mean increased revenue, but also increased responsibility to meet the increased cost of claims.