You will have noticed that your vehicle insurance premium changes regularly. The price depends on various factors. These include the age of the driver and the length of his or her driving experience, traffic behaviour, type of vehicle and the zone of residence also play a role.
Motor vehicle insurance is more expensive for city dwellers because the risk of accidents increases with higher traffic volume. The accident statistics of the traffic zone are taken into account in the rating. In addition to these general criteria, personal ones also play a role. Drivers with a respectable catalogue of fines or a documented frequency of damages have to dig deeper into their pockets than those who always remain inconspicuous.
The older a vehicle is, the more often breakdown assistance is to be expected, and a sports car implies a greater risk of accident than an estate car.
Special rates are available for drivers under 25 and those new to driving, as young drivers represent a higher risk from the insurer’s point of view than those with many years of experience.
In terms of content, the same tariff groups often differ from insurance company to insurance company in the details of their benefits, and paying one’s premium annually is always cheaper than paying in instalments.
It makes sense to consider an insurance policy with an excess, as this can significantly reduce the annual costs. If you are considering a change, this is always possible at the time of the contract renewal.
