You want to save money with your car insurance, but don’t know how? We have eight tips and tricks for you to help you reduce your car insurance premiums. We will also show you which options you have in the event of an accident and which discounts make sense.
There is a big difference between the most expensive and the cheapest insurance providers. If you change the provider, you can reduce your insurance premium by up to 60 percent. So you can save up to 600 euros a year. A price comparison is therefore cash money and pays off.
In principle applies: You should compare the current tariffs each year anew. If you get a cheaper offer from another insurer, you can normally cancel your car insurance until 30 November.
The following tips will show you how you can save on your car insurance.
Choose the scope of insurance
If you own a vehicle, you must take out motor third party liability insurance. Here you can save mostly only by a provider change. The situation is different with partial coverage and fully comprehensive insurance. Think carefully about which insurance cover you really need for your vehicle.
Find out more about AllSecur’s motor vehicle liability insurance.
The hull insurances
Hull insurance is not compulsory. Nevertheless, it is usually advisable to take out either partial or fully comprehensive insurance for your vehicle. So you don’t have to pay for accident damage to your own car yourself.
The partial coverage insurance usually covers damage caused by natural disasters (fire, lightning, storm, hail, flood). Glass damage, wildlife accidents or marten damage are also usually covered. Your vehicle is also insured against theft.
Fully comprehensive insurance offers greater insurance coverage. It also includes all partial coverage benefits. If, for example, you yourself are responsible for an accident, the partial coverage insurance does not pay, the fully comprehensive insurance covers the damage to your car.
In addition, fully comprehensive insurance pays in the event of vandalism. Some policies even cover the repair costs in the event of gross negligence. Therefore, you should consider which insurance cover suits your car and your personal situation.
As a general rule, it is worth taking out partial coverage insurance for older cars. For new cars, fully comprehensive insurance pays off in the first three to five years in particular. Nevertheless, always compare several offers. For some vehicle types and with high no-claims discounts, fully comprehensive insurance is not much more expensive. In such cases a change is not necessary.
Find out directly about AllSecur’s partial coverage insurance and fully comprehensive insurance.
In the case of comprehensive insurance, it is possible to determine a deductible. This means that your insurance provider will not pay the full amount of the damage incurred. You have to pay part of the repair costs yourself.
You can determine how much you have to pay individually. If you agree on a deductible, your insurance premium will be lower. A deductible is not possible for motor vehicle liability insurance. Here the insurer covers all costs incurred.
You should take out partial coverage insurance with a deductible of between 150 and 500 euros. With fully comprehensive insurance, you can choose from various options. Normally, a deductible of between 300 and 1,000 euros is provided for here.
Tip: You do not necessarily have to report minor accident damage to your insurance company. Consider whether it makes sense to cover the repair costs yourself. If the insurance pays, your no-claims class changes and you must expect a higher insurance premium. The longer you drive accident-free, the cheaper your car insurance will be. You get a higher no-claims bonus. For example, if you drive for 10 years without an accident, you can save up to 60 percent on your car insurance.
Weigh when buying a car
Which car you decide to buy can affect your insurance premium. Especially fast and older vehicles are usually more expensive. It also makes a difference whether you drive a diesel or a petrol car.
The type class
If a certain type of vehicle causes many accidents, the insurance costs for the car model are generally higher.
This means that if you decide to buy a car with a lower type class, the car insurance is cheaper. If your car has a high type class, you will normally have to pay more.
It is best to find out which type class the vehicle has before you buy it. Especially for fast cars you have to pay a higher insurance premium. They have a higher accident risk. Even older small cars often have a high type class. This is because such cars are often driven by beginners. They are more often involved in traffic accidents.
You can find out which type class your vehicle has in the GDV’s printed type class list or via the online search function.
Diesel or petrol?
When you buy a car, think about the fuel. If you opt for a petrol engine, you will have to pay less for your car insurance. Diesel fuel costs less, but car insurance is more expensive.
You have to decide individually what is worthwhile for you. If you are a frequent driver (from 20,000 kilometres per year), a diesel is cheaper overall. However, if you don’t travel as much by car, you should rather think about a petrol engine.
And that’s not all: The decisive factor for your insurance premium is also whether you are driving a new or a used car. For new cars, car insurance is cheaper, because normally hardly any damage to the car is to be expected. In addition, vehicle owners usually drive new cars more carefully than with older used cars.
Consider additional options
Ask your insurance provider which additional options are included in your car insurance. Then think about which ones you really need.
If, for example, you do without the free choice of workshop or the so-called Mallorca policy, you will save money.
If you decide in favour of the workshop commitment instead of the free workshop choice, your car will be repaired in a partner workshop of your insurance company. The advantage is that you don’t have to worry about anything. After you have reported the damage, your insurance will cover everything else. The disadvantage is that you cannot have your vehicle repaired in a workshop of your choice.
With the additional option Mallorca-Police, you are also insured on holiday in the event of an accident with a rental car. However, the protection only applies in Europe. If you never or only rarely drive a rented car abroad, the insurance cover is not worth it.