Driving a car is becoming more and more expensive: That's why insurance premiums are now also rising

Created: 03/09/2022, 10:27 am

By: Marcus Efler

Gas prices are skyrocketing and now insurance rates are going up too.

These drivers will soon have to pay more - and so they can fight back.

Heidelberg – Motorists who believed that nothing could shake them after looking at the price boards at gas stations will have to learn otherwise by autumn at the latest.

And that's when the next bill for car insurance is in the mailbox.

Driving a car is becoming more and more expensive: That's why insurance premiums are now also rising

Because after the liability premiums have increased by a comparatively moderate 3.8 percent on average, it is now the turn of the partially comprehensive tariffs, as reported by 24auto.de.

And strong: They are currently 8.5 percent above the prices of the same month last year, according to an evaluation by the comparison portal Verivox.

And this development will continue in the coming months when other insurance companies adjust their contracts.

Storm damage is expensive for insurance companies – and their customers.

(Iconic image) © Federico Gambarini/dpa

The reason for this is the numerous expensive storm damage: Floods and storms have caused the costs for the insurance companies to rise sharply.

The companies now want to compensate for this with the price increases.

Driving a car is becoming more and more expensive: That's why an upgrade to fully comprehensive insurance could be worthwhile

The drivers of older vehicles whose policy is limited to partial casco protection are particularly affected.

Drivers are currently paying five percent less than a year ago for the more expensive fully comprehensive insurance, which is particularly recommended for new cars.

Drivers with partially comprehensive contracts should therefore calculate whether comprehensive fully comprehensive protection could not even be cheaper - especially if they have been on the road accident-free for a long time and have experienced a corresponding no-claims discount.

also read

Stock up on emergency supplies - Shop according to this checklist

Power failure, quarantine, flooding and the like - there are many reasons for an emergency supply.

The federal government recommends the following foods for 10 days.

Stock up on emergency supplies - Shop according to this checklist

In addition, it is always worthwhile at the latest at the turn of the year to compare the prices of your own insurance with those of the competition and possibly change.

It does take some effort, but it can be worth it.