Car accident damage icon image
© picture alliance/dpa/Arno Burgi
More home office, fewer car trips and therefore fewer accidents: The corona pandemic and the associated driving behavior of employees has also had an impact on the prices for motor insurance.
The press release in full:
Rosenheim – One representative study at the Faculty of Business Administration of Technical University of Rosenheim shows that you can save a lot of money when you change your insurance.
Every year in autumn the Bargain hunting in the insurance market. Drivers can cancel their car insurance and take out one until November 30th Contract with another provider to lock. A change pays off in many cases, im average results in a Savings potential of over 200 euros per year. “This year, due to the effects of the corona pandemic, it is even more worthwhile to carry out an insurance comparison,” says Prof. Dr. Brigitte Kölzer, who supervised the study at the university. In the past year and a half would have many people in the home office worked and are therefore drove less by carsays the marketing expert. The insurance companies therefore had to regulate significantly less accident damage than in previous years. “At least some of these savings are passed on to their customers by the insurance companies,” explains Kölzer.
the Study by the Technical University of Rosenheim examined on the basis of a representative Sample of 1000 automobile policyholder profiles the tariffs on online tariff calculators from 83 insurance companies and the two largest Comparison portals Check24 and Verivox. Compared to the study carried out for the first time in 2018, prices have fallen noticeably: Three years ago lay the average of the premiums 633 euros per year, this year only at 589 euros. The tariff difference and with it that Savings potential between the most expensive and the cheapest provider is enclosed about 50 percent – both for new contracts and for a change. Consumers are most likely to find the cheapest car insurance tariff Comparison portals such as Check24 and Verivoxbecause they offer the largest number of insurance plans. So that is average savings at market price at 243 euros at Check24 and 253 Euro at Verivox per year.
The figure shows the average cheapest tariffs for the sample when taking out a new car insurance and changing a car insurance from the ten largest car insurers HUK24, HUK, HDI, VHV, DEVK, Allianz, R + V, KRAVAG, Württembergische, AXA, as well as the two comparison portals Check24 and Verivox. The comparison with the most expensive insurer (Zurich) shows the differences.
© TH Rosenheim
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“On average, consumers can Save over 40 percent compared to the average market price, the most expensive provider is more than twice as expensive as the cheapest, ”said Kölzer. If all policyholders were to choose the cheapest tariffs via comparison portals, according to her extrapolated, total savings of up to 2.5 billion euros can be achieved. Consumers are most likely to find the cheapest car insurance tariff on comparison portals such as Check24 and Verivox. At Check24, the probability across all tested profiles is 83 percent. This is followed by Verivox, Verti and HUK24.
Press release TH Rosenheim
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