▷ 38 percent of consumers find their car insurance too expensive

18.11.2021 – 07:30

CHECK24 GmbH

Munich (ots)

  • YouGov survey: one in two people thinks about changing their car insurance
  • 58 percent believe that they can find the best offers via comparison portals on the Internet
  • Euro am Sonntag: CHECK24 is the best comparison portal for motor vehicle insurance

38 percent of the decision-makers who are (partly) responsible for questions about motor insurance find their insurance too expensive. That is the result of a representative YouGov survey on behalf of CHECK24.1) Around every second person (47 percent) is thinking about changing insurance this year.

When asked about the reasons for the intended motor insurance change, 77 percent said they wanted to save money. 23 percent would like better contractual services and 15 percent state that they are dissatisfied with the current insurance (e.g. the service).

58 percent believe that they can find the best insurance offers via comparison portals on the Internet

When asked “What do you think how do you find the best insurance deals?” 58 percent of those questioned answered “Via comparison portals on the Internet”. 27 percent believe they can find the best offers directly from the insurance company, another 20 percent through an (offline) insurance broker.

When it comes to actually taking out car insurance, comparison portals come first for those surveyed. 55 percent consider switching via a comparison portal. For comparison: only 38 percent would take out insurance directly, 22 percent with classic (offline) brokers.

Euro am Sonntag: CHECK24 is the best comparison portal for motor vehicle insurance

CHECK24 is the best comparison portal for motor insurance. This was the result of an investigation by Euro am Sonntag together with the German Customer Institute (DKI). 2) In addition to the overall victory, CHECK24 wins the price / performance sub-category by a clear margin and more than the full number of points. On average across the 15 test profiles examined, consumers * save the most at CHECK24. The portal also offers most motor insurers and most tariffs in comparison.

300 CHECK24 experts advise on all issues relating to vehicle insurance

If you have any questions about car insurance, the CHECK24 insurance experts will advise you personally by phone, chat or email. In addition, CHECK24 customers are supported in many service matters around the clock by our chatbot. Customers manage their insurance contracts in their personal insurance center – regardless of who they have concluded them with. You benefit from automatic price and service checks and can thus easily optimize your insurance cover and save at the same time.

Comparison portals promote competition between providers – total savings of EUR 318 million per year

Comparison portals encourage competition between car insurance providers. By switching, consumers saved a total of 318 million euros within one year. This was the result of a representative study by WIK-Consult, a subsidiary of the Scientific Institute for Infrastructure and Communication Services (WIK) .3)

1) The data used are based on an online survey by YouGov Deutschland GmbH on behalf of CHECK24, in which 2,140 people took part between October 25 and 27, 2021. The results were weighted and are representative of the German population aged 18 and over. (Co-) decision-makers were interviewed on questions relating to motor vehicle insurance (n = 1,594).

2) Source: Euro am Sonntag (issue 40/21): Policy change made easy, p. 32/33

3)WIK-Consult (https://www.wik.org/fileadmin/Studien/2018/2017_CHECK24.pdf)

About CHECK24

CHECK24 is Germany’s largest comparison portal. The free online comparison of numerous providers creates consistent transparency and customers often save several hundred euros by switching. You can choose from over 300 car insurance rates, over 1,000 electricity and over 850 gas providers, more than 300 banks and credit brokers, over 350 telecommunications providers for DSL and mobile communications, over 10,000 affiliated shops for electronics, household and car tires, more than 300 car rental companies, over 1,000,000 accommodations, more than 700 airlines and over 75 package tour operators. The use of the CHECK24 comparison calculator and personal customer advice seven days a week is free for consumers. CHECK24 receives remuneration from the providers.

CHECK24 supports EU quality criteria for comparison portals

Consumer protection is a top priority for CHECK24. Therefore, CHECK24 actively participates in the implementation of uniform European quality criteria for comparison portals. The EU Commission’s catalog of principles, “Key Principles for Comparison Tools”, contains nine recommendations on objectivity and transparency that CHECK24 fulfills in all points – including rankings, market coverage, current data, customer reviews, user-friendliness and customer service.

Press contact:

Florian Stark, Public Relations Manager, Tel. +49 89 2000 47 1169, [email protected]
Daniel Friedheim, Director Public Relations, Tel. +49 89 2000 47 1170, [email protected]

Original content from: CHECK24 GmbH, transmitted by news aktuell

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