12.10.2021
Most of the car insurance policies can be canceled by the end of November. If you compare and take a few things into account, you can save a lot of money. MeinAuto.de explains what to look out for.
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Check your records
Most motor insurance policies have a calendar year term with one month’s notice. You can find out whether this is the case with your insurance company in your insurance documents. If your insurance is one of the majority of the insurances that run for the calendar year, you can cancel your insurance at the end of the year if you give notice of cancellation by November 30th. This assumes that your cancellation has to be received by your car insurance company on that day. You are usually on the safe side if you declare your termination by letter or fax and sign it yourself.
If necessary, you benefit from a special right of termination. This can entitle you to terminate your vehicle insurance if, for example, the premiums have been increased or you have had a claim.
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Correct order: compare, close, cancel
In general, it should be noted that not only the price of motor insurance plays a role, but also the insurance coverage. After all, this is the meaning and purpose of the motor vehicle liability insurance that prevails in Germany. Switching insurance is therefore useful for two reasons: to save money or to benefit from better insurance benefits.
It is advisable to first compare insurances with one another, obtain an offer and only when this has been pleasant to cancel the old insurance. Even if some insurance companies tolerate it, out of goodwill, that an already declared, but perhaps hasty termination is withdrawn, insurance companies are usually not obliged to do so. If you follow the sequence “compare, take out, cancel”, you ensure that you do not suffer any losses in terms of benefits or contributions, but switch to the exact car insurance that meets your requirements in terms of the conditions.
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Special features for electric vehicles
There are some special features for policyholders of electric vehicles. One of the reasons for this is that damage to electric vehicles can in some cases lead to extremely high repair costs – the battery alone accounts for around a third of the vehicle’s value. Here it is worth taking a closer look at the insurance conditions.
Special insurance coverage is regularly required for electric cars, but also for hybrid vehicles. Partial or fully comprehensive insurance is particularly recommended here. In some circumstances, all-risk battery insurance may even be advisable. Also to be mentioned is the coverage of fire damage that can be caused by faulty batteries. Insurance against theft of charging cables and consequential damage to batteries due to animal bites or short circuits are also of interest. Protection against overvoltage damage caused by lightning strikes and insuring your in-house wallbox can also be worthwhile.
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Save money with deductibles and home office
When changing insurance, a few little things can save you money. On the one hand, the deductibles can be varied depending on the claim. The deductibles are usually 300 euros for fully comprehensive insurance and 150 euros for partially comprehensive insurance. If low deductibles are agreed, the insurance premium usually rises. The specific scope of insurance also usually has an impact on the costs: an annual payment method lowers the premiums, as does a certain amount of workshop loyalty. With the latter, however, you should make sure that the partner workshop of your insurance company is either in a reasonable vicinity or that your insurance coverage offers a pick-up and delivery service or a replacement vehicle.
Finally, it can also be worthwhile to check the mileage indicated by the insurance company. Your driving profile may have decreased due to increased home office use – those who drive less pay less insurance premiums.
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Play it safe with MeinAuto.de
You can find cheap car insurance via MeinAuto.de. With us you get full insurance coverage with one click – very easily and completely digitally. We offer you all-round protection for your new vehicle including motor vehicle liability, partial and fully comprehensive insurance (0/300/500 € deductible).
And that’s not all: The tariff of our insurance offer is uniform and independent of individual characteristics such as occupation, age, place of residence, no-claims class, etc. Our reliable insurance partner, Westfälische Provinzial Versicherung AG, guarantees fast and unbureaucratic claims settlement. It offers comprehensive protection, even in the event of gross negligence (with the exception of theft, alcohol and drug consumption).
Play it safe – with the affordable car insurance offer from MeinAuto.de. Further information can be found on our homepage.
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