Some may have heard of car insurance with discount protection, others may be completely unaware of this rate constellation. In our article, we explain what discount protection in car insurance is all about and what you should look out for when choosing car insurance with this additional option.
Also learn about the benefits that rebate protection can have. As always, however, not all is "gold," so we'll devote some time to the possible downsides as well.
Car insurance with discount protection – What is it??
If a damage is regulated by the Kfz insurer, this usually leads to the fact that the insured one is downgraded for the following insurance year into a worse damage liberty class (SF class). In this context, the no-claims bonus system is a kind of reward program for accident-free driving years.
The ascent within the no-claims bonus system is slow – step by step. A downgrade, on the other hand – due to a claim paid by the insurance company, usually throws the insured person back several levels at once. Every car insurer sets its own downgrading tables here, so that no exact statement can be made about how many SF levels are "lost" as a result of a claim.
The newly assessed lower no-claims class is associated with an increase in the percentage premium amount for the insured, so that a single claim with a downgrade in the SF class will cause him to pay a higher insurance premium for his car insurance in future years. By the way, it can take up to five years or more to regain your old no-claims class after a claim.
To prevent such a downgrade with subsequent increase in premiums, most companies offer the tariff option "discount protection" for the insurance of the car. By the additionally booked discount protection for the car insurance the policyholder "books" quasi a claim credit. Depending on the respective car insurer, the insured person thus has between one claim and up to three claims "free" per year. – A reported claim, which is settled by the company, has no consequences for the classification in the no-claims bonus class or the no-claims bonus class. the actually set downgrading in the SF class remains off.
In the case of car insurance with discount protection, the additionally booked discount protection prevents the no-claims class from being downgraded in the event of a claim settled by the insurer. In this way, the achieved no-claims bonus is maintained, which is why the insurance premium does not increase.
If discount protection kicks in because there was a settled claim in the policy year, there is no downgrade – as described. However, there is also no advancement in the no-claims class because no claim-free year has been added.
The discount protection is available as an option for the motor vehicle liability insurance and the comprehensive insurance of the car. There is no discount protection for partial casco, because there are no no-claims classes here either.
A car insurance with discount protection can usually not be taken out by everyone. Many insurance companies require at least three or four accident-free years, or. Require the achieved SF class 3 or 4 and a minimum driver age of 23 years old. However, there are individual insurers who even offer a rate model with discount protection for novice drivers, although these then also have certain requirements such as z.B. At least three years in possession of the driving license and achieved no-claims class at least 1/2. Other providers also set the hurdle for the discount protection rate option particularly high and require z.B. A minimum driver age of 28 and a minimum no-claims class of 10.
The discount protection is in addition usually not postable, if one had in the expired insurance year (partially also in the last 24 months) a regulated adhesion damage or full comprehensive cover damage. If the old insurance contract for the car has been cancelled by the insurer, there is usually no possibility of choosing discount protection with the new insurance company either.
For the discount protection tariff option, various requirements must be met. These fall out from insurer to insurer differently. Here you should look carefully and compare!
Advantages of car insurance with discount protection
What you get from a car insurance with discount protection? – Here is a brief overview of the benefits offered by this rate option:
- achieved no-claims class remains even after damage – no downgrading
- Contribution for the insurance does not increase in the following year
Disadvantages of car insurance with discount protection
What are the disadvantages of discount protection for car insurance?? – The following is a short list of the downsides of discount protection:
– higher insurance premium
- in case of a change of insurance the advantage of the discount protection is usually cancelled – the old insurer passes on the SF class which would be applied without discount protection – the damage or the damage downgrades the SF class retroactively after all
For car insurers, discount protection is an effective tool for customer loyalty, as its advantages are "lost" by switching car insurance companies. As a policyholder of a car insurance with discount protection, you have to carefully consider the consequences of a change of insurance and whether this could end up costing you more than you thought.
If you have not had to make use of the discount protection so far, because there was no damage or no damage was settled by the insurance company, you can change the insurance company carefree and take your previously achieved no-claims class – usually unchanged – with you. However, it must be borne in mind that with the new insurer u.U. other premium percentages are linked to the no-claims classes.
What is the cost of car insurance with discount protection?
As an additional tariff option to the motor vehicle liability and fully comprehensive insurance, a lump sum is added to the actual insurance premium when choosing a car insurance with discount protection. Depending on the insurance company, this ranges from 10 percent to 30 percent.
Conclusion: Is car insurance with discount protection worth it??
Before choosing a car insurance policy with discount protection, be sure to compare the different offers carefully. If you switch to a cheaper insurer in the course of changing your car insurance, you may even find that the additional costs for discount protection are barely noticeable. Namely, if the actual insurance premium is significantly lower than with the current insurer.
Basically, car insurance with discount protection is primarily recommended if you are a policyholder who has not yet climbed very high in the no-claims classes. Those who are already "on the road" at the upper level of the no-claims class table usually benefit less from discount protection, because the insurance premium increases only minimally, even after a claim.
Related articles on autoversicherungvergleich.info
For more information on no-claims classes as well as additional tips on discount protection as well as the discount saver, we recommend reading the following articles in our blog: