News from November 2nd, 2020
Many people do great arithmetic in autumn. Is my electricity provider the cheapest? What insurance is really necessary and are there perhaps alternatives for my home loan? At the end of the year, many contracts expire and the switch becomes possible. But costs can also be easily saved in the household.
Many providers, little overview: How to find the right electricity supplier
Low prices and high reliability – this is what many people want from their electricity provider. Many suppliers make this promise, but not all of them are serious. If you are interested in changing providers, it is best to first consult comparison portals on the Internet. When and under what conditions a change is possible depends on the existing provider. So the first thing to do is to carefully examine the current delivery contract. There is a rule of thumb when choosing a new tariff: If there are more than two people in the household, a contract with low costs per kilowatt hour is worthwhile if the basic fee is also slightly higher. For couples without children or singles it is exactly the opposite. The comparison portals only reveal half the truth. Because a personal call to a provider of choice or the old electricity supplier can often help. Sometimes better conditions are then offered than before or if you take out a contract via the Internet. Incidentally, electricity prices vary widely from one location to another. Inexpensive providers therefore differ from region to region.
Insurance companies make you feel good – but which ones do you really need?
Policies that cover incalculable life risks are important. First and foremost here is private liability insurance. It pays if you unintentionally cause damage to property, health or property to another person. And household insurance will step in when you do property is destroyed or stolen by natural disasters or theft. Both policies are not expensive and should be part of every coverage. Legal protection insurance is also useful. She pays legal and court fees in legal disputes. You can choose between a private, professional or combined variant for both. An occupational disability insurance is there to cover the eventuality: If you can no longer do your job due to illness or serious injury, it pays a pension. However, the premiums for this insurance can be relatively high, depending on occupation, age and gender. The individual occupational risk should therefore be weighed carefully.
Is my loan really as cheap as the bank promised?
This question always arises when the due installment has been withdrawn from the account. Above all, purchase loans have an interest rate of eight percent and more. This is where the credit institutes cash in heavily. But the competition is great. The banks are always in competition for customers. Therefore, switching to a bank with a lower interest rate can be worthwhile. It depends on what the loan was taken out for. In order to repay a real estate loan, quite a bit of paperwork has to be done. This is much easier when rescheduling a consumer loan. The same applies to the repayment of a vehicle loan. Here, too, it is worth making a comparison via online provider portals. Internet banks are usually a little cheaper than branch banks. But their strength lies in their presence. You always have a contact person on site, always a contact person on site and that naturally inspires trust. (prm)
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