The contributions to the car insurance make up a large part of the car fixed costs. This is reason enough to regularly check how to reduce your costs. As a first step, motorists should dig out their policy as well as the last premium bill in time for the end of the insurance period.
In the next step, you should check whether the selected insurance coverage is still up to date. Who drives the car? How many miles the car travels in a year? Does it still have to be fully comprehensive insurance for the ten year old small car or is motor liability sufficient? Often, just by adjusting these parameters, you can save about 50 percent of the previous insurance costs.
A twist of the self-service screw shrinks the insurance premium
Those who want to further reduce their premium can turn the self-service screw. SB stands for optional deductible and refers to the amount the insured pays out of pocket in the event of a claim. The higher the agreed deductible, the less the insurance company has to pay in the event of a claim. The reduced insurance risk is rewarded by the insurance industry with lower premium rates.
Once these points are clarified, the search for alternative car insurance can begin. Many companies offer numerous discounts. You can benefit, for example, from a garage discount, the family bonus or a minimum age of driver and owner (the lower limits are on average between 23 and 25 years). Even those who are civil servants or employed in the public sector can state this to reduce costs. Some companies even grant discounts for Bahn-Card holders.
Savings tip with pitfalls: The discount transfer
Good family ties also lead to cheap insurance rates. From close relatives their no-claims discounts can be taken over. However, the discount credit has some pitfalls. So the "giver" loses all benefits. Therefore, this route is only worthwhile if, for example, grandma or grandpa want to deregister their car for good and want to give a child or grandchild a treat with their no-claims bonuses. In addition, the "donee" can only be credited with as many claim-free years as he theoretically could have achieved himself since passing his driver's license test. Thus a discount transfer is meaningful only with persons, who have their driver's license already some years in the bag.
First-time drivers, in particular, can take advantage of potential savings
Most tricks young drivers can use to reduce the cost of insurance on their first own car to a bearable level. Even when buying a car, the right model can be a real "premium saver". Car insurers divide individual vehicle models into type classes every year – depending on the currently determined damage record. If you are smart and buy a car with a low-risk type classification, you have already laid the foundation for a low car insurance premium at the time of purchase.
Who also registers the car only three years after the driving license acquisition at the earliest on itself, is treated with most insurance companies no longer as a bloody beginner, but immediately receives a (cost) more favorable classification. Verifiable driver safety training and accompanied driving from age 17 also make many insurers lenient and improve ratings.
Even starting with small and thus in the insurance cheap vehicles such as a scooter pays off when you later switch to a car. Because the no-claims bonus obtained with the scooter in the liability or fully comprehensive insurance transfer most car insurers without problems.
Second car insurance or family discount reduce insurance costs
Those who want to be on the road in their own speedster right from the age of 18 can ask their parents or older siblings to register the car in their name as a second vehicle with the insurance company. This is how the "penalty classes" for novice drivers are circumvented. Some car insurance companies offer an even simpler solution: family insurance. If several vehicles of a family are registered with one and the same insurance company, particularly favorable conditions are in it. The penalty surcharges for novice drivers are then usually omitted.
Despite all the discount tricks, the price differences among car insurance companies are huge. Therefore, an online comparison of the insurance offers on the market is worthwhile in any case. With this, you can quickly and conveniently find suitable policies at fair premiums – and greatly lighten the load on your wallet by taking out a new policy or switching to a cheaper provider.