Car insurance comparison 2021: when is it worth switching??

car insurance comparison 2021 when is it worth switching??

Car driving becomes ever more expensive by the rising energy costs. If you want to save money, you can take out a car policy with a cheaper provider. The rate comparison shows, however, that the price alone should not be the only factor when making a choice.

Once in the year make the autoversicherer cash fall. Then the industry wants to know what they have spent. It lists in detail how often accidents occurred, which models were affected, where the pile-ups took place, whether natural events played a role in the damage, and how often thieves helped themselves to the vehicles. In the end, these and other features are included in the premium calculations.

Then it is decided whether the insurer of trust lowers or raises the rates. Now that the year is drawing to a close, insurance companies are wary of turning the price screw in a negative direction. After all, the insurance companies want to sign up as many drivers as possible before the deadline of 30 September.11. Expires. Until this day, most car owners in our country are allowed to turn their backs on their current car insurance and switch to the competition without giving a reason. (what you should bear in mind when switching insurers).) change-willing drivers give it sufficiently, more than three million pull each year this step into consideration. This results in a large group of potential new customers, and all car insurers want to get their hands on them.

This year, the number of drivers willing to change insurers could even increase again for a long time, because there have rarely been more favorable offers. Since many people are increasingly working from home or on short-time work due to Corona, insurers have to settle far fewer accident claims. The lower claims frequency means that many rates are currently around four to five percent lower than the cheapest offers of the previous year. But that’s not the end of the story: experience shows that the prices would "drop noticeably again" as the deadline approaches, the market observers at verivox are convinced. This shows that a cost check can pay off for everyone.

Services make the difference

The comparison really pays off for those who have old policies and have to dig deep into their pockets, often without getting better benefits in return. the difference can be up to 70 percent between the cheapest and the most expensive offer. A price check is also worthwhile for e-car drivers, because they are the ones the industry is particularly targeting. "In order to position themselves in the new growth market, some providers are offering attractive discounts on insurance for electric cars," says wolfgang schutz, says wolfgang schutz, managing director of verivox versicherungsvergleich gmbh. "This means that many electric vehicles can currently be insured at lower rates than comparable gasoline or diesel vehicles."

However, with the mass of offers, you quickly lose the overview. The insurance comparison of auto motor und sport in cooperation with verivox helps here. It shows the best rates on the market for three typical motorist profiles. The analysis also reveals the policies with a good price-performance ratio, because many tariffs are only so cheap because they lack important services – a consequence of the price war of the last few years.

The top 3 insurance offers for families with small children:

1. HUK24 basis at a price of 366.74 euros: the most favorable tariff in every respect, but offers little in the way of coverage.
2. HUK basic (HCA) for 401.34 euros: same services as the HUK24 basic tariff at slightly higher conditions.
3. HUK24 classic for 407.49 euros (price-performance winner): all-inclusive benefits and cheaper than basic tariffs of other providers.

For this reason, the editors and verivox defined six characteristics that distinguish a good contract. For example, cheap policies often lack the waiver of objection in case of gross negligence. This means that if the driver is not careful and an accident occurs, the insurer can limit the benefits in the comprehensive insurance. It looks even worse with the point new value compensation from. If your car is stolen or totaled, you are often only reimbursed for the new price for the first six months – good policies offer at least twelve months of coverage at this point.

Recently, this clause has also become important in policies for e-cars, but here it’s mainly about the battery. Some insurers do not offer reimbursement at this point in the event of a claim. This means that customers are left with high costs after accidents – often in the five-digit range. Good policies also provide protection for at least twelve months. "The market is adapting to the needs of electric drives", says insurance expert wolfgang schutz. That’s why many insurance companies have introduced so-called electric add-on packages, which would even cover the wallboxes at home. "Many electrical add-on modules include all-risk coverage. Then the accumulators are covered against all risks in the fully comprehensive insurance, unless these have been expressly excluded", according to schutz.

The contract should also include good coverage for marten bites; customer-friendly policies also pay for the consequences and not just the bitten hose. However, many insurance companies have their limits here as well. In general, animal damage can quickly lead to undercoverage. Therefore, the protection must not be too lax. Often, the benefits in the policies are limited only to damage caused by furred game – too little, all animal species must be covered.

The top 3 insurance offers for singles:

1. HUK24 basis at a price of 296,36 euro: like family offers the cheapest tariff with few services.
2. HUK basic (HCA) for 325.28 euros: same benefits as the HUK24 basic rate at higher conditions.
3. HUK24 classic 329.28 euros (price-performance winner): all-inclusive benefits and cheaper than basic rates of other providers.

in addition, the mallorca policy is important. This benefit compensates for lower coverage amounts in motor vehicle liability abroad for rental cars. Last but not least, it is advisable that the contract includes discount protection. This service, which is often subject to a charge – usually from no-claims class (SF) 4 – prevents expensive downgrading after self-inflicted accidents. Disadvantage: If the customer changes insurers, the protection ends. The old insurer informs the new insurance company of the SF class that would actually apply without discount protection.

Take advantage of all discounts

Soft tariff features also have a major impact on costs. They are nothing more than discounts and can reduce premiums by up to two-thirds. The industry now offers around 50 discounts. Market standards already include discounts for owners of apartments, houses and garages, rail card holders and those who have completed a driver safety course.

Those who pay their premiums annually in advance are also rewarded with a discount. For other payment methods, the companies demand almost one third of the premium. In addition, mileage, age of car and owner, and a restricted group of users play a role: single new car buyers between 25 and 70 years of age with an annual mileage of less than 10.000 km come off cheap.

The top 3 insurance offers for pensioners:

1. HUK24 basic at a price of 415.59 euros: unbeatable value for liability insurance, but very limited coverage.
2. WGV basis for 415.74 euros: same price level as the HUK24 basic tariff, with other benefits.
3. R+V24 basis for 419, 57 euro: again different scope of benefits, but with the cheapest fully comprehensive insurance.

1. (price-performance winner: R+V24 komfort for 433.21 euros)

And the car type classes and the regional classification also play a role in the price. The general association of the german insurance industry (GDV) adjusts them annually. While 2021 fluctuations in the regions are low, there is movement in the type classes. Almost one in five drivers must reckon with premium increases in the liability or comprehensive insurance area. In some cases, car insurance could be up to 30 percent more expensive, verivox found.

But it remains to be seen whether a new insurance policy will pay for itself. The better the SF class rating, the lower the savings potential. If you’ve been with an insurer for a long time, you can hope for goodwill in the event of a dispute. Whether the new provider will also behave so friendly is questionable. Another tip: when comparing prices, it is useful to present your insurance company with a more favorable offer from another insurance company. That very often pushes the price down.