Car owners should carefully check the new premium calculation for their car insurance. If you remained accident-free in the past year, your contribution will automatically decrease. Some insurers take advantage of this – and hide a price increase. The good news: you get a special right of termination.
You can normally cancel your car insurance up to November 30th. Right, now you’ve missed the deadline. But you may still have a right to special termination. This applies in any case if the insurance premium becomes more expensive in the coming year. You can see whether this applies to you by looking at the premium calculation for your car insurance.
But be careful: with a popular trick, insurers often try to sell you a premium increase as a premium reduction.
Anyone who drove accident-free in the past year will be classified in a better no-claims class (SF class) in 2020. This automatically reduces the insurance premium. However, insurers often use this effect to conceal price increases: they do not reduce the premium as much as they should. Nevertheless, the customer is happy about the lower contribution compared to the previous year – and does not realize that he should actually save much more.
“If the motor vehicle insurer does not pass this discount on to the customer in full, then there is a price increase behind it. The driver thus has a special right of termination,” confirms Verivox Managing Director Wolfgang Schütz.
The insurers are obliged to point out the special right of termination. But to be on the safe side, you should look out for the word “comparative premium” in the premium calculation: If the premium that you are supposed to transfer is higher than the comparative premium, then your insurer has increased the price.
Attention: The comparative contribution is shown separately for comprehensive insurance and liability.
The example shows: Although you pay a total of 30 euros less for the coming season than in the past season, the insurer has increased your premium. This gives you a special right of termination.
Incidentally, the reasons for a tariff increase do not play a role, explain the experts of the comparison portal Verivox. A rate increase by the insurer is just as much a part of this as the classification of the car in a more expensive regional or type class. It is also sufficient if only one part of the contract – i.e. liability or comprehensive insurance – is increased and the other decreases.
Important: The special right of termination is only valid for one month from receipt of the invoice. So you shouldn’t wait too long now.
