Pensioners in need: Cars have to give way due to increasing vehicle insurance!

Pensioners in need: Cars have to give way due to increasing vehicle insurance!

The cost of car insurance has seen a dramatic increase this year, putting many drivers in a difficult position. Insurance agencies are reporting a sharp increase in demand as many customers are angry that premiums have been increased by up to 25 percent. “We had pensioners here crying because they had to sell their car,” says Stephanie Eder, an insurance broker from Bad Heilbrunn. The explosion in prices is due to the rising costs of spare parts and services, which pose problems not only for policyholders themselves but also for businesses.

Shocking price increases for car insurance

How Financial tip reported that drivers must expect costs to increase by up to 26 percent in the coming insurance period. This means that many insured persons have a special right of termination if the premiums are increased. Daniela Gögler, managing director of an insurance broker, recommends comparing carefully and changing your contract if necessary. Before switching, experts recommend carefully checking whether new offers are actually cheaper or whether existing contracts may offer attractive conditions.

In addition to the price increases, external factors also play a role, such as climate change, which, according to Ursula Strobl from “Württembergische” Versicherung, is increasingly leading to more frequent storms and thus to higher insurance costs. Repair prices at auto repair shops have also skyrocketed, leaving many customers with little opportunity to reduce costs. Drivers are encouraged to be well informed about the current market situation and to make clever comparisons in order to find the best insurance offers tz.de determines.