If you regularly check your car insurance for benefits and costs, you can save a lot of money. Especially in order to achieve financial advantages and better benefits, a change of car insurance is worthwhile. But what other reasons speak for a new provider?? What are the deadlines, what to consider when looking for a new car insurance and how to cancel afterwards??
Why cancel? Possible reasons for changing your car insurance
There are many reasons to change your car insurance.
The number of drivers is changing
If fewer or more people drive the insured vehicle in the future than before, a new insurance rate can be worthwhile. Especially if the drivers to be insured have a high level of driving experience.
contract should insure novice drivers
If you want to insure your own child as part of accompanied driving, you need to change your insurance policy. Many insurers offer special rates for accompanied driving from the age of 17, so-called BF17 rates.
When moving
If the insured changes his place of residence, the amount of the insurance premium may also change under certain circumstances. For example, if the regional class changes as a result of the move. In some cases, it is worth switching car insurance companies in order to benefit from particularly favorable rates.
When changing vehicles
If the vehicle is changed, a new insurance contract is required. Especially when buying a new car, it can be worthwhile to change the car insurance, because: if the type class changes, the insurance premium also changes – often to the advantage of the insured person.
Our tip: legal protection for motorists
Whether it’s a traffic accident or trouble with the repair shop: a minor incident can quickly turn into a costly lawsuit. Rely on reliable traffic legal protection in such cases.
Deadlines and dates: until when to change car insurance?
To ensure a smooth change of car insurance, the contract should be checked in good time for existing cancellation periods and dates.
In the case of cancellations at the end of the year, the deadline for ordinary cancellation is usually 30 days before the end of the year. November, provided the contract expires on 1. January begins. Cancellation then takes effect on the 31st. December. Important: the letter of cancellation must be received by the insurance company no later than the deadline.
In the case of insurance with a main due date during the year, a term of 12 months generally applies. The cancellation period ends four weeks before the insurance premium is due.
Convertibles, motorhomes and motorcycles often have seasonal license plates. An insurance contract for such a vehicle can be terminated 4 weeks before the start of the season.
Pay attention to the special right to terminate the car insurance policy!
In some cases, policyholders have a special right to cancel their car insurance policy. This applies, for example, if the premiums increase but the insurance benefits remain the same. Even if there is a change of owner, the new owner may terminate the existing contract within one month – even if there is a change of owner within the family.
After a claim and the settlement of the claim, insureds have the right to cancel the contract within four weeks of the date on which the benefit was accepted or denied. The termination date can be set either on the current date or at the end of the contract year.
Changing car insurance: what to bear in mind
In order to save money on car insurance, it is essential to check certain criteria before concluding the contract. These include:
- The premium amount
- The scope of benefits
- The sum insured
- The service offer
The higher the sum insured, the higher the maximum amount an insurance company will pay in the event of a claim. 7.5 million for personal injury, 1.22 million for property damage, and 50 percent for damage to the vehicle.000 euros for property damage.
When changing car insurance: optimize savings potentials
To calculate the optimum insurance premium, interested parties should first carry out an insurance comparison and select the insurer that offers the desired services at the best price. Tip: many providers can reduce the premium by agreeing to a deductible.
A workshop commitment can also bring discounts – up to 20 percent are possible. However, it is important to note that the workshops offered should be located as close as possible to the place of residence in order to avoid long journeys.
In addition, the premium can be reduced if the insurance premium is paid in advance. Many insurers offer discounts of up to five percent for annual or quarterly premium payments.
Changing car insurance: this is how it works
For the change of a car insurance, some vehicle data and information are required. The following documents are required:
- Driver’s license
- Registration certificate I
- Registration certificate II
- documents from the previous insurance
- Mileage
- Bank details
The documents must be submitted in full to the new car insurance company to ensure a formal and timely change on the desired date.