December 22, 2023 – According to a comparison by Check24, singles can save up to 4,285 euros annually by changing their contract. Families sometimes have up to 7,971 euros more in their wallets. The greatest savings opportunities appeared in the area of insurance. The annual savings potential for individuals is up to 3,004 euros and for families up to 5,153 euros.
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Die Check24 GmbH has examined how great the savings opportunities are for singles and families by switching providers in the areas of insurance, energy, accounts and loans as well as telecommunications.
The comparison portal points out: “A tariff change not only brings financial advantages: in many areas of private finance, the services also improve with a new contract.”
19 cost factors
Prices were determined for the following products:
- private liability insurance,
- Dog owner liability insurance,
- dog health insurance,
- car insurance,
- term life insurance,
- legal protection insurance,
- travel insurance,
- statutory health insurance,
- accident insurance,
- supplementary dental insurance,
- Household contents insurance with elementary and/ without bicycle protection,
- Home building insurance with elemental protection,
- Strom,
- Gas,
- Installment loan for overdraft replacement,
- Checking account,
- Credit card,
- Internet (DSL/cable) and
- Mobile tariffs.
In the area of insurance, example customers were defined and the five cheapest annual premiums were compared to the most expensive offer. The savings potential was recorded in absolute and percentage figures. Tariff characteristics such as coverage and insured amounts, benefit limits, deductibles and waiting times were partially recorded but not evaluated.
Financial benefits
The overall result: Singles can save up to 4,285 euros annually by changing their contract. Families sometimes have up to 7,971 euros more in their wallets.
According to the comparison portal, the greatest savings opportunities can be found in the area of insurance. The annual savings potential for singles is up to 3,004 euros.
Average savings potential for singles per year
Product
The five cheapest tariffs cost on average*
The most expensive product costs*
The average savings potential per year is*
Personal liability insurance
33,27
110,22
76,95
Dog owner liability insurance
48,53
138,31
89,78
Dog health insurance
201,49
515,52
314,03
Car insurance
596,14
1.419,80
823,66
Legal protection insurance
239,30
617,28
377,98
Travel insurance
62,16
130,90
68,74
Statutory health insurance (GKV)
2.325,00
2.460,00
135,00
Accident insurance
56,78
230,16
173,38
Supplementary dental insurance
130,71
688,08
557,37
Household contents insurance with elementary and bicycle protection
71,14
198,07
126,93
Home building insurance with elemental protection
184,24
444,13
259,89
For families, the annual savings potential is up to 5,153 euros. Offers for term life insurance are included here.
Average savings potential for families per year
Product
The five cheapest tariffs cost on average*
The most expensive product costs*
The average savings potential per year is*
Personal liability insurance
49,59
162,98
113,39
Dog owner liability insurance
46,46
138,31
91,85
Dog health insurance
201,49
515,52
314,03
Car insurance
539,82
1.296,09
756,27
Term life insurance
411,70
1.110,48
698,78
Legal protection insurance
328,92
964,30
635,38
Travel insurance
97,61
190,00
92,39
Statutory health insurance
4.498,88
4.760,10
261,22
Accident insurance
181,39
779,28
597,89
Supplementary dental insurance
223,04
850,68
627,64
Household contents insurance with elementary and bicycle protection
106,73
445,79
339,06
Home building insurance with elemental protection
314,64
939,31
624,67
The lowest prices
The comparatively cheapest providers in the evaluation were:
- Personal liability insurance for singles: Landowners insurance VVaG (Tarif „Care Smart“),
- Private liability insurance for families: Friday German branch of the Friday Insurance S.A. („Friday Balance“),
- Dog owner liability insurance for singles: Oberösterreichische Versicherung AG, branch in Germany („Plus“),
- Dog owner liability insurance for families: Neodigital Insurance AG („Neo S GK“),
- Dog health insurance: R+V General Insurance AG („Basis“),
- Car insurance for singles and families: DEVK General Insurance AG (“Active Protection Kasko-Mobil”),
- Term life insurance for families with 30-year-old (long-time) non-smokers or smokers: Europa Insurance AG („E-RL N10“, E-RL N1, E-RL N“),
- Term life insurance for families with 45-year-old (long-time) non-smokers or smokers: Hannoversche Lebensversicherung AG (“T1 N10”) and Cosmos (“Direct Basis”),
- Legal protection insurance for singles: Conceptif GmbH („classic“),
- Legal protection insurance for families: Driver Protection Association, Auxilia Legal Protection Insurance AG („JURPRIVAT Flex“),
- Travel insurance for singles: Allianz Travel, a brand of AWP P&C SA, branch for Germany (“Annual travel cancellation full protection”),
- Travel insurance for families: MDT Travel Underwriting GmbH („ Smart Holiday Familie“),
- Statutory health insurance (operating nationwide): BKK firmus and BKK Gildemeister Seidensticker,
- Accident insurance for singles: Cosmos Insurance AG („Basis“),
- Accident insurance for families: The liability insurance company VVaG (“Simply Good Standard”),
- Additional dental insurance for singles: Gothaer Lebensversicherung AG („MediZ Smile 75“),
- Additional dental insurance for families: Astra Insurance AG (“Tooth Perfect”),
- Household contents insurance with elemental protection for 50 square meters: Cherrisk, a brand of Uniqa Versicherung AG (“Basic”, without bicycle protection) and Conceptif (“CIF4ALL best advice (QM)”, with bicycle protection),
- Household contents insurance with elementary protection for 120 square meters: MVK Insurance VVaG (“Classic” and “Premium”),
- Residential building insurance with or without elementary protection for a terraced house with 80 square meters and for a single-family house with 140 square meters: DEVK (“Active Protection”).
2023-12-21 23:05:17
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