ask yourself also whenever the insurance premiums are debited, if costs for car insurance can be reduced? In many cases, the answer is yes! With simple tips and tricks, significant savings are possible – especially for novice drivers and for all drivers who are prudent in road traffic.
The car insurance bill is a heavy financial burden for many motorists. Even if the no-claims class drops due to a lack of accidents and claims, the regular premiums for liability insurance are often not exactly low.
In doing so, every motorist can reducing the cost of car insurance – we have collected the best tips.
Tip 1: take advantage of discounts
Depending on the insurance provider and also on the respective tariff, different discounts which reduce the insurance premium. These include:
- Discounts for certain professions
- Discounts for online insurance
- Discounts for the second car
- discounts for single drivers
- Discounts for garage vehicles
- Discounts for property ownership
- discounts for train drivers
discounts reward a certain characteristic that is based on the person of the policyholder. The latter is obliged to provide true information when signing the contract. policyholders who intentionally provide false information in order to claim a discount, risk a contractual penalty and in the event of a claim, you may receive a demand for payment because the discount was wrongly deducted from the amount of the premium.
Do not give false information
Insurance coverage remains in effect even if incorrect information is provided regarding discount eligibility – however, the insurance company may subsequently cancel the insurance policy. However, the situation is different in the case of incorrect information about the mileage of the car or in the case of other basic information: in the worst case scenario, the policyholder risks losing the insurance cover if discrepancies are subsequently discovered.
Tip 2: Change the way you pay your insurance premium
If you pay the insurance premium every month, you can get a discount on the change in payment terms often reduce the total amount. This is the case, for example, when switching from monthly payments to annual lump-sum payments, but also when the policyholder decides to take out an insurance policy on the first day of the year direct debit involved.
Tip 3: Adjust the amount of the deductible
In the case of comprehensive insurance, it is customary to define the scope of insurance by means of the so-called "type class" deductible to have a decisive influence. In the event of damage, this means that the damage incurred is not covered in full by the insurance policy. The policyholder is left with a fixed sum for which he must be financially responsible himself. Here the principle applies: the higher the deductible, the lower the insurance premium.
prudent motorists and drivers who are comparatively little driving If you are a new driver, you should therefore consider whether you would rather accept a higher deductible in exchange for saving on premiums for months and years – provided, of course, that there is no claim that is settled by the insurance company.
Tip 4: rates for novice drivers
novice drivers are regularly the ones who pay the highest premiums for car insurance. This is because they tend to be more likely to be involved in accidents than experienced drivers with a relevant driving record. Nevertheless, there are also opportunities for novice drivers to save on car insurance costs.
One option is special rates offered by insurers for all drivers who use accompanied driving (BF17 for short). Many insurance providers reward participation in the BF17 with special rates as soon as the newcomer to the driver’s license then insures his or her own car.
Insuring through parents?
The possibility of to be insured through a parent, in practice, this is often used to reduce insurance premiums. The problem is, however, that the novice driver is then also not considered to be the owner of the vehicle. If the novice driver has no accidents, the no-claims bonus will only be credited to the respective parent – and not to the novice driver. The policyholder then starts with the higher no-claims class when he registers his own vehicle for the first time. It therefore only shifts the higher costs to a later point in time.
Tip 5: take insurance costs into account when buying a car
The amount of insurance premiums is u. A. Also influenced by the respective car. Fast and old cars have a higher accident risk and are therefore higher in the type class. The result is higher insurance premiums. If you want to save on the cost of insuring your new car, you should find out before you buy what type of car it is – and what the insurance premiums are. You can check the type class of all vehicles at the GDV (general association of german insurers) on the portal dieversicherer.