Inflation
Verivox: price increase round in car insurance
Many insurance companies write deficits with car policies. This has consequences for the prices.
The most recent round of price increases in car insurance meets far more than half of the car owners in Germany according to a survey by the Verivox portal. Accordingly, the insurers have primarily made their fully comprehensive tariffs, which also cover damage to their own car. 70 percent of the drivers with fully comprehensive policy reported a price increase in the representative survey. It was 52 percent for the car owners who only completed the statutory required vehicle liability. The market research institute Innofact interviewed 1,005 people between the ages of 18 and 69 in mid -January.
Open and hidden price increases
Apart from these obvious price increases, a fifth of the car owners got an indirect price increase in the house on average of all insurance types. Because the insurers did not grant a higher damage -free discount, although the car owners in question had not reported an accident or other damage in the past twelve months.
Motor vehicle policies are a minus business for many insurers
The survey coincides with the announcements or expectations of the insurance industry. The overall association of the German Insurance Industry (GDV) predicted in September that the industry would write a new deficit of up to two billion euros with car policies this year. The insurance association has been criticizing for years that the cost increases for car repairs are far above the general inflation rate. One factor is the increasingly expensive spare parts, a second the workshop costs.
dpa
Source: Stern
