Change of insurance: Great savings potential for drivers

Created: 04/11/2022, 06:00

By: Simon Mones

New customers usually get the best deals when it comes to car insurance.

Drivers can take advantage of this.

However, only in a small time window. 

If you want to save on your car in the face of rising costs, the easiest way to do this is to change car insurance.

You can almost always find a cheaper tariff than the one you are currently using.

Now, in autumn, the hot phase begins, because November 30th is the official cut-off date for terminating an existing car insurance policy.

Car insurance can usually only be canceled at the end of the year.

Unlike many other policies, a one-month notice period must be observed in the case of vehicle insurance.

That is why November 30th is the final deadline.

If there is no notice of termination by December 1st, the contract is automatically extended by a further year.

A termination can then only take place in special cases. 

Drivers can save money by switching insurance companies.

(Iconic image) © CHROMORANGE/Imago

Change of insurance: Great savings potential for drivers

The termination of the current insurance must be made in writing in any case.

If you want to be on the safe side, send the cancellation by registered mail with return receipt.

Before you cancel, however, the new car insurance should be in the towel.

This must begin on January 1 if you want to continue driving legally in the new year.

Before concluding a new contract, it is advisable to carefully compare different offers.

Several insurers should always be compared, especially when taking out a policy with expensive fully comprehensive insurance.

Price differences of 50 percent and more with comparable performance are not uncommon.

The comparison via online price comparison portals is particularly easy - it is best to consult several at the same time.

Change of insurance: The most expensive providers are not necessarily the best

The most expensive provider is not always the best in an individual case, and the cheapest is not always the worst.

The personal situation is important in the assessment.

If you park outdoors at the edge of the forest, you should think about protection against marten bites, for example.

Insurance against roof avalanches is probably wasted money in northern Germany.

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But there can also be differences in standard services.

Cheap tariffs, for example, often do not protect against theft of permanently installed parts such as the radio or navigation system.

Direct insurance is usually comparatively inexpensive, but contact is then only made by e-mail, letter or via a hotline. 

Change of insurance: New tariffs offer savings potential for drivers

Comparatively cheap motor vehicle liability insurance is required by law in Germany.

Comprehensive insurance to protect against self-inflicted damage, on the other hand, is voluntary and is particularly worthwhile for new or high-priced cars.

The cheapest option is partially comprehensive, which covers, among other things, repair costs in the event of glass breakage and elementary damage such as storms, hail or lightning.

The more expensive comprehensive insurance also protects against vandalism, such as intentionally scratched paintwork. 

Policyholders can also save with new tariff types.

Telematics tariffs, for example, promise a saving in contributions.

The policyholder's driving style is recorded and the premium is adjusted accordingly.

If you drive defensively, you pay less.

Some insurance companies also offer a 15 percent discount on policies for dashcam users.

Even those who have the prospect of cheaper insurance do not necessarily have to switch.

Sometimes it is enough to present the offer to the current insurance company in order to receive a lower premium. 

You can find even more exciting car topics in the free newsletter from 24auto.de, which you can subscribe to right here.

Incidentally, anyone who misses November 30th as the deadline for termination does not necessarily have to wait a whole year.

There are ways to get out of the contract even during the year: For example, if the insurance company increases the premium, the customer has a one-month special right of termination.

The reason may be changed classifications in the type or regional class.

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