Car insurance change: Cheaper thanks to Corona

deadline 30th November: Why actually?

Because most car insurance contracts end the insurance year on 31 December. If one reclaims the one-month notice period, the 30th of November is the deadline.

Why can the change be particularly worthwhile this year?

The pandemic paths. She had declining performance. Many workers have worked in the home office or do that, others were short-time working. Even excursions and holiday trips were barely taking place during the Corona-Lockdown. As a result, there were fewer accidents, especially on the highways: as the Federal Statistical Office reports, around 40 percent fewer crashes with personal injury were recorded on the fast roads from March to June 2020. The lower amount of damage leads to lower rates. Much suggests that we are now experiencing a delayed corona relief, says Wolfgang Schultz, Managing Director of the Comparison Portal Verizon.

How do I find a new car insurance?

The most convenient way leads via comparison portals like Verizon, Check24, Financial Check or Finance scout. Nevertheless, caution is required. The offers listed there are sometimes removed, not every insurance computer proceeds lens, and some assecoaches — such as HUK-COBURG — can not be listed. It makes sense to see at least two different portals. And the offer directly at the relevant insurance — online or in personal conversation with a consultant -

Because the car insurers know around the important deadline, they are now promoting new customers with particularly favorable offers. The providers provide an intensified competition, says Verizon boss Wolfgang Schultz. It is worthwhile against this background, even with the current assisting course, whether the contract can be switched to more attractive terms.

What should I put attention on?

For example, on the coverage of the vehicle liability. It should go beyond the statutory minimum of 7.5 million euros for personal injury and make 100 million for personal, property and asset losses per claim, as recommended HUK-COBURG insurance. In addition, it is important to exclude the objection of gross negligence. The so-called Mallorca police in turn also pays abroad even with rental car accidents. For clashes with animals, it makes sense when animals of all kinds are in the policy. And finally, not only mammal, but animal bite should generally be insured, with ensuring that consequential damages are included.

Owners of new cars and boys used are doing well to think of a new price or purchase expense compensation. And who drives an electric car or a plug-in hybrid, should be replaced with a repair needed battery without age-related prints.

Where can I save?

There are several approaches here. Discounts are available for vehicles that are parked in a garage and / or whose owner can show homeownership. The user profile also plays a role. Convenient usually comes from whom the car is only privately and not professionally moved. Also, relevant can be the age of the vehicle and also the policyholder. For young drivers between 18 and 25 years, it is mostly most expensive, even seniors often have to count on higher tariffs.

While spouses are usually co-insured free of charge, further additional drivers make the post already climb. Because this is especially true for young drivers, it may be worthwhile to delete children living in the parents home from the contract. If an additional driver only takes the car occasionally, additional insurance can be completed for one or more days.

In addition, the annual mileage — the lower, has an influence on the costs, the better. Motorists are obliged to communicate their insurance if the number of agreed kilometers changes significantly in the year, warns the ARAB insurance in this context. The resulting contribution refunds or surcharges would generally be calculated retroactively for the current insurance year.

Saving it can also be saved if the annual fee will be fully and not in quarter or semi-annual rates. Many insurance companies offer for electric cars discounts, for example, HUK-COBURG granted ten percent discount. It will also be cheaper if the insurer may choose the repair shop. And if you get involved in a so-called telematics tariff in which the insurance company records and evaluates the driving behavior. If it is defensive and predictive, it will be rewarded, if not, threaten surcharges.

Termination: That s to be considered

The termination must be received by the insurance no later than 30 November, best by registered letter with acknowledgment of receipt. Not the postal, but the input stamp is crucial. Sample templates for the letter of termination are available on the Internet. Often the new insurance of insurance offers a free change of exchange and does everything necessary. Important: Before the old insurance is terminated, the new contract should be completed and confirmed. Because partial and fully comprehensive contracts can also be rejected. Deadline missed: And now? In this case, the contract automatically extends by one year. But there is also a special right of termination — for example, if a contribution increase is raised without the background of a move or damage.