You can save money with a trick

Motor vehicle insurance premiums are expected to rise enormously in some cases. Drivers can save a lot of money with simple tricks. It’s worth taking a look at the contract.

Hamm – This news is a shock for drivers. Insurance premiums will probably rise dramatically in 2025. According to the experts at finanztip.de “The highest wave of price increases in years” is even emerging. Rising costs for repairs and higher prices for spare parts are said to be the decisive factor – the insurers of course want to pass these on to the insured. But car owners can still save a lot of money with a trick.

Rising car insurance premiums – a trick can save you a lot of money

The experts first list the increasing costs for new contracts. But current contracts are also likely to become considerably more expensive. There is even talk of up to 25 percent. That can be a lot of money very quickly. However, there is some good news first.

If the insurance company increases the premium, vehicle owners have a special right of termination. But be careful: If you want to make use of your special right of termination, you should definitely note an important deadline. In general, it is important to know your rights as a policyholder – and to know what the price of motor vehicle insurance actually is. Various factors play a role:

• Model
• Engine performance
• Place of residence
• Profession
• Type of parking space
• Driver’s age
• kilometers driven annually
• Waiver of choice of workshop in the event of damage
• the so-called no-claims class (SF class): Anyone who drives for a longer period of time without an accident is classified higher and pays less

Motor vehicle insurance premiums are expected to rise dramatically in some cases. © Zoonar/IMAGO

If you are generally satisfied with your insurance provider and don’t want to change, you can still save money. The trick is: contract adjustment. The financial experts from finanztip.de We therefore advise you to check your contract regularly. Various adjusting screws can be turned there to easily reduce the annual contribution for the car.

Motor vehicle insurance: With an adjustment you can save up to half of the total premium

For example, you can “save an average of 48 percent of the total premium” if you restrict the group of drivers and exclude an 18-year-old novice driver from the group of drivers. If you reduce your mileage, you can also save an average of up to 14 percent of your premium. “The average 14 percent applies to 5,000 instead of 10,000 kilometers, but for 10,000 instead of 15,000 kilometers it is at least 8 percent,” explain the experts.

According to financial experts, it could also be worthwhile to agree on a higher deductible. “With a deductible of 150 euros in partial comprehensive insurance, there is an average saving of 18 percent on the total premium – including liability – and with 300 euros even 25 percent,” it says. Anyone who has a fully comprehensive insurance policy and increases it from 150 euros to 300 euros can expect an average saving of 10 percent on the total premium – each with a partial comprehensive insurance policy of 150 euros. Overall, loud finanztip.de optimize five features in the tariff:

• Driving performance: How many kilometers per year do you really drive in your car?
• Driver circle: Who is also insured?
• Deductible: How much would you like to pay yourself in the event of damage?
• Workshop connection: If the car is damaged, would you like to have it repaired in your trusted workshop or should the insurer choose one yourself?
• Payment method: Would you like to pay your insurance premium in one go or in installments?

Optimize vehicle insurance and save money

Before you cancel your insurance, it’s a good idea to take a close look at your existing contract and optimize it. Only when you are clear about what you really need can you take action – and then choose the right insurance.

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