Motor insurers are currently sending out their bills for the new year again. When looking at the current contribution amount, most motorists are usually only interested in whether it has decreased compared to the previous year. Those who have remained accident-free can look forward to a small saving due to a better no-claims class (SF class), provided nothing has changed in the other features (regional or type class). According to the assessment of the comparison portal Check24, however, a price increase can also hide behind a cheaper invoice amount. Therefore, drivers should check their policy carefully.
“Insurers can easily hide price increases if the premium does not drop as much as it should,” says a current statement from Check24. The background: The companies must indicate a comparative contribution in their invoices: It shows the amount to which the contribution would have fallen due to the improved SF class. If the invoice amount is higher than the comparison amount, there has mostly been a hidden premium increase.
The comparison portal gives the following example to explain: A customer currently pays 458 euros a year for his car insurance. His insurer will charge € 446 in the coming year, around 3 percent less. But a look at the comparison article shows: The costs should have dropped to 413 euros.The new car insurance premium is 8 percent too high – a hidden price increase.
The deadline is November 30th
“Many customers do not know that they still have significant savings potential even with lower premiums,” says Tobias Stuber, Managing Director of Motor Insurance at Check24. “It is therefore worthwhile to compare the prices of different providers, especially in the highly competitive changing season. Since July, the average liability premium for motor insurance changers has fallen by 14 percent.“
Motor vehicle contracts whose main due date falls on January 1 can still be terminated regularly up to the deadline of November 30th. In the event of a (hidden) premium increase, the policyholder has a one-month special right of termination.