The Corona pandemic has been keeping the world on tenterhooks for over a year now, affecting our daily lives in many ways. Even though there are slowly easing, the issue is far from settled. Many people have suffered financial losses in the crisis and now have to keep a close eye on their expenses. Especially with regard to car insurance, this can be a challenge.
We would like to present 5 tips on how you can still be in the best possible position and remain protected during this difficult time. Our experts have taken a close look at this topic and can give you valuable advice on what to look out for.
Whether you’re on short time, have lost your job or need to save in general, our tips are suitable for everyone and can help you keep an eye on expenses while still being optimally covered. Read on to find out what measures make sense now.
How to check your insurance premiums in the Corona crisis?
The Corona crisis has affected many people financially. It’s a good idea to check your car insurance to make sure you’re not paying too much. Here are some tips on how to check your insurance premiums:
- Compare quotes: Look at quotes from other insurance companies and see if you can get a better deal with another provider.
- Check your coverage: are you adequately covered in all areas? For example, if you don’t need comprehensive coverage, you can lower your insurance premiums.
- Adjust your vehicle information: For example, if you have unusually high mileage or additional accessories, make sure this is correctly indicated on your insurance policy to avoid overpayments.
- Review your discounts: check to see if you are receiving too many discounts that no longer apply due to changes in your driving habits or your vehicle.
- Reduce your term: if you pay your insurance premium annually, you can achieve a savings by shortening your term and paying in monthly installments.
It’s important to review your car insurance at regular intervals to make sure you’re not paying too much. The above tips should help you lower your Corona insurance premiums without sacrificing important coverages.
Fully comprehensive or partially comprehensive?
The Corona crisis has caused many people to rethink their spending and cut costs. When it comes to car insurance, it’s important to decide whether you need fully comprehensive or partially comprehensive coverage.
Fully comprehensive insurance protects your vehicle against damage caused by accidents and vandalism. However, this also means higher premium contributions and deductibles. In times of crisis, partial coverage may be a better option. This covers damage from theft, glass breakage, windstorm or fire and is usually cheaper.
Another way to save money is to compare insurance quotes. There are many online comparison portals that offer a quick and easy way to compare insurance quotes and find the best deal.
- Tip 1: Review your insurance policy and decide what type of comprehensive insurance you need.
- Tip 2: Consider partial coverage insurance to save money.
- Tip 3: Compare quotes from different insurance providers to find the best deal.
- Tip 4: Regularly review your insurance policies and adjust them to your needs.
- Tip 5: Find out about possible discounts and promotions offered by your insurance provider.
It’s important to make the right decision when it comes to your car insurance policy. By learning about your options and comparing quotes, you can save money and still be adequately protected.
Immobilize your vehicle
During the Corona crisis, many people are forced to shut down their vehicles. While this action can help slow the spread of the virus, it can also have an impact on your car insurance policy. Here are five tips to make sure you’re covered to the fullest while your vehicle is immobilized.
- Inform your insurance company: if you immobilize your vehicle, you must inform your insurance company to ensure your coverage is maintained. In some cases, car insurance can be adjusted to include only the most basic coverages such as fire and theft protection, which can reduce monthly premiums.
- Check your coverage: if your vehicle is immobilized, you may need less insurance coverage than before. Review your coverage and consider whether you can reduce or suspend some coverage to reduce costs.
- Avoid deregistration: If your vehicle is deregistered, you will lose your insurance coverage. Even if you do not drive your vehicle, it may be damaged or stolen. It is therefore advisable to immobilize your vehicle instead of deregistering it.
- Consider a no-claims bonus collection permit: If you think you’ll be driving your vehicle again within the next 18 months, you should apply for a no-claims bonus accumulation permit. This way you can keep your no-claims bonus and possibly get lower premiums when you insure a vehicle again later on.
- Monitor your vehicle: Even if your vehicle is immobilized, you should monitor it regularly to ensure that it remains in good condition. Check tire pressure and move the vehicle occasionally to avoid freezing brakes or corrosion.
By following these tips, you can ensure your vehicle has the best coverage during the Corona crisis and continue to benefit from a lower insurance premium in the future.
Tips on car insurance in the Corona crisis: use special cancellation right
In the Corona crisis, many drivers have a lower income or fewer trips with their car due to home offices. It is therefore worthwhile to review your insurance premiums and possibly save money. As a motorist, you have the right to make use of the so-called special right of termination from your car insurance company.
The special termination right means that you can terminate the existing contract extraordinarily and without observing deadlines if there is a premium increase on the part of the insurance company. Cancellation is also an option if you want to switch to a cheaper plan.
With the special cancellation right, you can act flexibly at any time and save costs by changing your car insurance – especially in times of economic crisis, this can be a great relief. Note, however, that you should be aware of the exact notice periods and terms of your new insurance plan, and that you can only take advantage of the special cancellation right if there is a change in rates or premiums.
In addition, it is also worth comparing the various car insurance policies using online portals and comparison calculators to find the best deal for yourself.
- Safety features of the car can contribute to lower premiums
- Negotiation with the insurance is possible with a good no-claims bonus
- Annual premium payment can bring discounts
- No extra insurance cover that is not needed
- Possibility to reduce repair costs by switching to a garage bond
In summary, in the Corona crisis, it is worthwhile to review your car insurance and, if necessary, take advantage of a cancellation to save money. By comparing different car insurance policies and following the tips above, you can make additional savings and find the best rate for yourself.
5 tips for optimal car insurance during the Corona crisis
In times of the Corona pandemic, many people are under financial pressure. That makes it all the more important to cut costs where you can. One way to do this is to compare car insurance policies. But what should you look out for? Here are our 5 tips:
- Choose only the benefits you need: Often, insurance includes benefits that you don’t need or that you can get cheaper elsewhere. A comparison can save you money here.
- Rethink the coverage amount: A high coverage amount is important to be adequately covered in the event of a claim. But this must always be as high as the insurance offers? A review is worthwhile here.
- Check the workshop commitment: Many insurance companies offer a workshop commitment, where you can only visit certain workshops in the event of a claim. Here it is worthwhile to check whether the price is justified for it.
- Choose a higher deductible: A higher deductible means you have to pay more out of pocket in the event of a claim. But this also reduces the monthly premium of the motor insurance.
- Regularly review your car insurance: your own driving habits, place of residence and other factors can change over time, which can have an impact on car insurance. Regular inspections can help here.
By considering these tips and comparing quotes, drivers can save money and still be adequately covered during the Corona crisis.