Saving Tips For Insurance : Start The New Year With A Lean Budget

The start of a new year is a good time to take stock of your budget. Germans continue to spend far too much money, especially on insurance. This article shows where you can save.

Car Insurance : This Is How You Can Save 

When it comes to car insurance, it is particularly easy to discover savings potential. The market for motor vehicle insurance is very dynamic; the offers are constantly changing due to active competition from many competitors.

Many people find it too tedious to check their insurance regularly, simply because they don't keep an eye on the notice periods. By the way, the old rule always cancel by November 30th is not always valid. It only applies if the insurance's main due date is January 1st. After a few years, you can almost always save money by changing your car insurance - you should find out about this early on in order to find the right offer.

In particular, those who drive without an accident can save money by switching insurance. But even without switching, many insurers reward being accident-free, for example with falling rates. You should therefore carry out smaller repairs yourself to avoid slipping into a different no-claims class.

Household Contents Insurance For Shared Households: Be Careful Of Double Insurance!

Unfortunately, with what is probably the most important and most frequently taken out insurance policy among Germans – household contents insurance – over-insurance or double insurance often occurs. This can and should be avoided if you want to save money. Even in shared apartments, household contents are often insured across multiple tenants. One would be enough. Anyone who gets married and/or moves in together should also take a look at the policies: When it comes to household contents insurance, the square footage of the apartment is crucial. Individual tenants can only insure their room.

However, in case of doubt, no one is liable for damage in the kitchen or bathroom: this must definitely be clarified together. The principle “twice is better” does not apply to insurance; here you just lose money for the same protection

Check Old Policies And Change Them If Necessary

Many people carry their insurance contracts with them throughout their lives without adapting them to changing living circumstances. This can cost them dearly. In addition, the insurance market is constantly changing. Similar to mobile phone or internet contracts, it's worth regularly looking for a cheaper alternative and switching if in doubt. If another insurance policy is cheaper than the current one, the insured person can usually switch quite easily. Most insurance contracts include a so-called special right of termination.

This right can apply if life circumstances have changed or if the insurance company increases premiums. These are good opportunities to switch to a cheaper provider. Otherwise, only the classic way works: a good old table in which all notice periods are recorded. As a date approaches, it is time for a comparison.