Tenhagen's Tips: At the end of November, there was something …

              Wednesday, November 20, 2019

              So slowly are the last leaves down, as well as the temperatures. But at the end of the month should be thought of more than just a thick sweater, hat and Christmas gifts. Because especially motorists can save a lot of money, as Finanztip boss Tenhagen reveals. Mr. Tenhagen, how much motorists have to shell out on average for their motor insurance in this country? Hermann-Josef Tenhagen: It depends mainly on how you insure your car. Whether only liability, partial or full insurance. Overall, it is about a volume of insurance premiums in the segment of 28 billion euros. In the case of 46 million private cars, an average of 260 euros is spent on liability. Who insured his car partial comprehensive insurance on average 90 euros, the full insurance costs on average 330 euros, says the insurance industry. But what can save something, right? Hermann-Josef Tenhagen is editor-in-chief of the independent consumer website Finanztip. Sure, of course. Every year, it should be looked at what kind of protection is actually needed. Do I still need the fully comprehensive insurance? How many miles do I really drive, who drives everything with the car, et cetera p.p.? If I have answered all these questions, it is important to compare who has the cheapest deal for me for the insurance volume so determined. And how much is in? It still remains that the differences between the cheapest and the most expensive insurers some make a hundred euros. Especially for those who have never changed, the likelihood is high that the premium can be halved. Who has compared and changed regularly in recent years, for which are still 50 or 70 euros savings potential in it. But that does not always have to be this way. Of course, insurance companies have an interest in attracting new customers. These are then lured with very low rates. As usual, existing customers will like to forget. Therefore, insured should at least every 2-3 years compare the tariffs. Regardless of the change of provider, is there any potential for savings anywhere else? In addition to the insurance volume already mentioned, one should always look at the fact that the premium is only paid once a year rather than monthly, quarterly or semi-annually. Paying per month costs eight or nine percent more per se. The cheapest deals are also monthly not to get, so that the markup then quickly 15 percent. This mainly affects young people, who already pay more for their insurance because of a good damage-free balance. Then maybe 800 euros will easily be 920 euros. So alone 120 euros more, just because in monthly installments is paid. Of course, even people with little money often have this problem, because they can not pay the expensive insurance on a penny. Therefore, it is particularly important for them to compare regularly. Where do you compare the best the policies? We at Finanztip have again looked at our portals this year. It's also the usual suspects this time. We recommend Verivox and Check24. However, it is noticeable that the HUK24, which is not listed in the mentioned portals, is very aggressively priced on the move. Out of 32 cases she was the cheapest in 14 cases. The recommendation, which is derived from this, is to look at one of the portals and then stop by at the Huk.24. How are the deadlines and conditions for a termination? Normally, this is the case with motor insurance exists, with only one month notice to 30.11. to cancel, so not with three months as usual. If I got a price increase from my insurance, there is also a special right of termination. This is possible up to one month after receipt of the price increase letter. Can a change also bring disadvantages? If the same insurance model was chosen, not really. It must be considered if the old policy stipulated that an accident does not automatically lead to a promotion. The new insurer does not have to do that. Otherwise you have to pay extra.If you have to take any insurer? Contrary to liability, where the insurer is obliged to take a prospective buyer, this is not the case with the hull, and the insurance companies reserve the right to do so. This can be expressed in two different ways. One is: We do not insure your vintage car. The other is, we're calling a price that tells you we do not want you. In both cases, one should therefore seek timely for another insurance coverage. Axel Witte spoke with Hermann-Josef Tenhagen

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