How can I pay the premium for car insurance?
The premium for a car insurance policy must be paid in advance for the appropriate insurance period.
If premiums are paid one year in advance, insurance companies do not take into account any premium surcharges, unlike so-called intra-annual payment methods.
What should I keep in mind when I need to make a claim?
In the event of a claim, it is important to act quickly. Please always report accident damage to your own car insurance company immediately.
By reporting the damage quickly, whether online, by phone or in writing, you will ensure a quick and hassle-free accident settlement.
When do I have to cancel my auto insurance and when does my special right to cancel apply?
Generally, November 30 is the deadline to change your auto insurance policy. After that date, cancellation is only possible under certain circumstances. These include, for example, premium increases or other changes to the terms of the contract.
Can I take my previous no-claims class with me to the new insurer?
When you change insurers, you can transfer your no-claims bonus classes to the new insurer. All you have to do is provide your previous insurance company (VU) and your previous policy number when you apply. The new insurance company then automatically asks for your previous policy history and takes over your verified no-claims classes.
Under what conditions can I transfer a no-claims class?
It is possible to transfer a discount within a family. This means that a family relationship must exist. The holder of the no-claims bonus must submit a written statement to that effect. The no-claims bonus can only be transferred to one person, so if the owner of the bonus dies, the heirs must come to an agreement.
Which form of auto insurance is required and which is voluntary?
Generally speaking, motor vehicle liability insurance is required by law.
Comprehensive insurance, on the other hand, is voluntary and may be useful for newer vehicles. Auto protection insurance and legal expenses insurance are also voluntary.
Can I take out a hull insurance policy ahead of time for my trip?
Many auto insurers offer their customers the option to take out short-term comprehensive insurance in addition to third-party liability insurance for the duration of the trip.
Short-term comprehensive coverage is usually valid for at least one calendar month. The settlement varies from insurer to insurer. In the most adverse case, the premium is calculated at the so-called short-term rate, i.e., with a surcharge on the prorated annual premium, without regard to the no-claims discount.
What are the advantages and disadvantages of taking out a policy through a direct insurer?
Direct insurers are usually cheaper because they can operate without the high costs of a conventional insurance company.
How is a car insurance premium generated?
Various factors are considered when calculating an insurance premium.
The most important factors are mainly: class of vehicle type, number and age of drivers, and driving experience.
In addition, other characteristics are often used to calculate the premium: safety equipment on the vehicle, age of the vehicle, garage use, and annual mileage.
Given the large number of different providers and rates, it’s worth carefully examining and comparing them.