Technological progress is driving up insurance costs for 2018 car insurance

In Baden-Baden, Hannover Re’s Andreas Kelb recently announced that premiums for motor insurance will rise in 2018. He already has several insurers known that will turn in the coming year on the price screw . The costs for comprehensive insurance will probably be more strongly adjusted than for motor third party liability insurance. On average, the motor vehicle reinsurer expects a premium increase of one to two percent.

Car Insurance: Higher amounts of damage lead to premium increases

It is predicted that car insurers’ revenues will increase by more than two percent due to nearly one million newly registered vehicles. Hannover Re, for example, expects to receive 27.5 million euros, which will be booked by the providers for the insurance premiums for the 65 million vehicles. But at the same time increase the cost of damage ,

Do not miss the key date for the change of insurance

Many motorists still have about a month to compare their current car insurance with other tariffs. Because the regular notice period ends with most insurance contracts as of November 30, 2017 . If the insured misses the deadline, the car insurance will be extended for another year. In special cases, a change of motor insurance is also possible if it has regulated a claim or adjusts the contributions for the insurance cover.