most car insurance policies have a term of one calendar year with a one-month cancellation period. To find out whether this is the case for your insurance policy, please refer to your insurance documents. If your insurance is one of the majority of insurance policies that run on a calendar year basis, you can cancel your insurance policy at the end of the year if you give notice of cancellation by 30 days before the end of the year. November explain. This assumes that your notice of cancellation must be received by your vehicle insurance company on that day. You are usually on the safe side if you declare your cancellation by letter or fax and sign it personally.
If necessary, you will benefit from a special cancellation right. This can entitle them to cancel their car insurance if, for example, premiums have been increased or they have had a claim.
Correct sequence: compare, conclude, cancel
In general, it is important to note that not only the price of car insurance plays a role, but also the insurance coverage. after all, this is the purpose of the compulsory motor vehicle liability insurance in germany. Changing insurance makes sense for two reasons: to save money or to benefit from better insurance services.
It is advisable to first compare insurances with each other, obtain an offer and only cancel the old insurance once this has become agreeable. Although some insurers will allow a cancellation to be withdrawn for reasons of goodwill, insurers are usually not obliged to do this. If you follow the sequence "compare, take out, cancel", you will ensure that you do not lose out on any benefits or premiums, but instead switch to exactly the car insurance policy that meets your requirements in terms of conditions.
Special features for electric vehicles
For policyholders of electric vehicles, there are some special features. This is partly because damage to electric vehicles can lead to extremely high repair costs in some cases – the battery alone accounts for about a third of the vehicle’s value. It is worth taking a closer look at the conditions of the insurance.
Regularly, special insurance coverage is needed for electric cars, but also for hybrid vehicles. Partial or fully comprehensive insurance is even more advisable here. Under certain circumstances, all-risk insurance for the battery may even be advisable. Also worth mentioning is coverage for fire damage that can be caused by faulty batteries. Insurance against theft of charging cables and consequential damage to batteries due to animal bites or short circuits are also of interest. Protection against surge damage caused by lightning strikes and insurance for the company’s own wallbox can also be worthwhile.
Save money with deductibles and home office
When changing insurance, a few small things can save you money. On the one hand, the deductibles can be varied for each case of damage. The usual deductibles are 300 euros for fully comprehensive insurance and 150 euros for partially comprehensive insurance. If low deductibles are agreed, the insurance premium usually rises. The specific scope of insurance also usually has an impact on the costs: annual payments reduce the premiums, as does a certain level of commitment to the repair shop. In the case of the latter, however, you should make sure that the partner workshop of your insurance company is either located in a reasonable vicinity or that your insurance cover offers a pick-up and drop-off service or a replacement vehicle.
Finally, it may also be worthwhile to check the mileage stated in the insurance policy. Your driving profile may have decreased due to increased home-office use – those who drive less pay lower insurance premiums.
Drive with meinauto.De on the safe side
You can find low-cost car insurance via meinauto.De. With us, you can get full insurance cover at the click of a mouse – easily and completely digitally. We offer you all-round protection for your new car including motor vehicle liability, partial and fully comprehensive insurance (0/300/500 € deductible).
And that’s not all: the tariff of our insurance offer is uniform and independent of individual characteristics such as occupation, age, place of residence, no-claims bonus class, etc. Our reliable insurance partner, westfalische provinzial versicherung AG, guarantees fast and unbureaucratic claims settlement. It offers comprehensive coverage, even in cases of gross negligence (except: theft, alcohol and drug use).