Car insurance: pensioners in need – sell a car because of the explosion in costs!

Car insurance: pensioners in need – sell a car because of the explosion in costs!

Car insurance drives many drivers to desperation. The situation in Bad Tölz is alarming because costs have risen sharply this year. Stephanie Eder, an insurance broker, says retirees come to her office crying because they have to sell their cars. People in the region are frustrated because they are receiving worrying news from their insurance companies about inevitable price increases of up to 25 percent. More and more customers are looking for advice, while car repair shops are struggling to keep up as repair costs are also skyrocketing, particularly due to the increase in the price of spare parts. An example: A windshield used to cost between 600 and 700 euros, but now the price is over 2000 euros. This means that young drivers and seniors are also severely affected, as their contributions rise accordingly.

Rising costs and problems when switching providers

The high costs mean that many insured people consider changing their provider, especially after learning about the massive price increases. However, Daniela Gögler from an insurance broker in Gaißach points out that it can often be cheaper to keep existing old contracts, as they usually offer better conditions. The high damage rate of over 100 percent that is rampant in the industry also contributes to the general price increase. Users should be careful when changing their car insurance and compare offers carefully before canceling, especially since many prices have also increased due to new claims since climate change, which Ursula Strobl from “Württembergische” confirms. The ADAC adds that not only the purchase, but also the ongoing costs for insurance, maintenance and the constant loss of value are crucial, which is why it is important to take a comprehensive look at the cost pyramid for cars.

In addition, many insured persons have the option of a special right of termination if the contributions are increased. In such cases, affected drivers should be well informed and also use online comparisons for guidance, such as those available from the ADAC. These offer insights into the actual car costs, which go far beyond the purchase price.

Developments in the area of ​​motor vehicle insurance and the associated price increases are making it much more difficult for many people to drive, while the insurance landscape is fundamentally changing. Pensioners and young drivers in particular have to prepare for numerous challenges.

Find out more about the latest developments in the car insurance industry at Mercury and get detailed information about the actual car costs ADAC.