New drivers: 10 tips for a cheap car insurance

 

Image: Young woman novice driver driving car steering wheel driving license 

Drivers are properly asked to pay in the car insurance. Because they are inexperienced and statistically more likely to build accidents, they have to pay a risk premium. As a rule, novice drivers receive the non-infringement category 0 – which is usually 100 percent of the normal premium. Thus, the annual cost of car insurance can quickly rise over 1,000 euros. But there are ways to lower car premiums. Verivox tells you how.

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Tip 1: Save with the second car control

Who makes common cause with the parents, can save a lot in the motor insurance. If novice drivers register their car as a second car in the name of their father or mother, the insurance usually classifies the vehicle in the SF class ½. The contribution rate in the SF class ½ is between 70 and 90 percent. Some insurance companies offer even better conditions under certain conditions. Compared to the SF-Class 0 can save some hundreds of euros a year.

Tip 2: Benefit from the parent-child scheme

Driver newcomers who wish to register their vehicle in their own name can also slip into damage class ½ or better if they make use of the parent-child scheme. The car must be insured with the same insurer as that of the parents. However, young drivers then can not always collect their own damage-free years, so do not climb in the SF class.

Tip 3: Use telematics tariffs

True to the motto “Pay how you drive” can novice drivers with so-called telematics tariffs money. The only requirement: You drive carefully and with foresight. And how does it work? A small box built into the vehicle evaluates not only the speed but also the braking and acceleration behavior, as well as where and when the driver is on the road. With exemplary driving style, novice drivers can look forward to discounts on insurance costs. That’s up to 40 percent for some insurers.

Tip 4: Buy a vehicle of a low type

The type category of the vehicle has an influence on the amount of the insurance premium. The more frequently the vehicle type is statistically involved in accidents or stolen, the higher the type class and the more expensive the insurance. Drivers should therefore inform themselves before buying a car.

In motor liability insurance there are 16 type classes (10-25), in comprehensive insurance 25 (10-34), in partial coverage 24 (10-33). The type class of the dream car drivers can easily find under www.gdv.de or www.typklasse.de.

Tip 5: Take over the non-damage class of grandma or grandfather

Also, by taking over the claim-free class, the amount of the car insurance premium can be sharply reduced. The prerequisite is that the novice driver has driven the vehicle regularly and there is a first-degree relationship or a domestic community. So if grandma does not want to drive anymore, she can give her grandson the SF class.

The crux: Damage-free classes can only be accepted in the amount that the novice driver would have been able to “experience” himself with the duration of his license. So if you have a driver’s license for one year, you can claim the maximum SF class 1 – even if the grandmother is classified in SF class 20. All remaining SF classes expire. But: once you give away your SF classes, you can not undo that.

Tip 6: Choose the right amount of insurance

New drivers usually do not buy a new car, but are satisfied with an older car at the beginning. For example, if the used one is older than 10 years and has only a small residual value, then the protection of legally required motor vehicle liability is sufficient. A partial coverage may be useful if the vehicle is between five and ten years old and still has some residual value. It covers damage to wildlife, marten bites, theft and glass breakage.

If novice drivers decide for a new car with quite a high residual value, the full insurance makes sense. She also jumps in vandalism and self-inflicted accidents on their own vehicle. However, this increases the price of motor insurance.

Tip 7: Have the car repaired in contracted workshops of the insurer

As a rule, insurance companies offer a discount of 20 percent on average if the car is repaired in the insurer’s garage. New drivers can turn to the price screw without giving up the free workshop option. This is especially worthwhile if there is a dense network of authorized workshops in the surrounding area. If you have to drive dozens of kilometers to your neighbor and have such high fuel costs, you will pay less.

Tip 8: Drive less, pay less

If you finally have your own car, you want to enjoy its independence and freedom. Long stretches can then be covered relatively quickly and comfortably. Insurance companies rate frequent travelers as higher risk and consequently the car contribution increases. For novice drivers it can be worthwhile, if they leave their car from time to time. After all, they can save between five and ten percent. And anyone who has misjudged the annual mileage can complain to the insurance company, but has to pay a little more. To conceal the more miles driven is not recommended. Because the insurance can cut benefits in the event of a claim.

Tip 9: “Driving license with 17”

The accompanied driving, also called “driving license with 17”, is highly recommended for novice drivers. As a result, they receive up to 16 percent discount compared to novice drivers who did not take part in accompanied driving. You are then allowed to drive at 17, but only in the company of a seasoned driver. This driver must have at least five years driving experience (driving license class B) and be at least 30 years old.

Tip 10: Compare offers from car insurers

The price differences between the motor insurers are enormous. Newcomers can save up to € 850 by a car comparison alone. With the free rate calculator on Verivox.de consumers can quickly and easily get an overview of the offers and find a cheap car insurance according to their individual needs.

 

 

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Pension: By 2036, 20 percent of new arrivals are at risk of poverty

 

 

 

Monday, 26.06.17, written by Juliane Wellisch

A new study on retirement warns of an alarming development. Thus, by 2036, around 25 percent more people will be affected by old-age poverty than at present. Especially single women are threatened by financial worries. Especially her pension will not be enough in old age. At the same time, the minus in the statutory pension fund is growing.

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Altersarmut: Vor allem alleinstehende Frauen, Ostdeutsche, Langzeitarbeitslose
Carefree in old age: Soon no more self-evident

More than one in five 67-year-olds will be threatened with old-age poverty in 2036. This worrying finding comes from a recent study by the German Institute for Economic Research (DIW) and the Center for Economic Research (ZEW) commissioned by the Bertelsmann Foundation. Accordingly, the number of those affected is rising from the current 16.2 percent to 20.2 percent .

Particularly dramatic is the increase in single women . Instead of 16.3 percent, 27.8 percent of them will be at risk of poverty , ie less than 60 percent of the average income will be available. They are particularly likely to meet the two biggest risk factors for old-age poverty: career breaks and precarious employment at low wages. In addition, demographic change is causing a decline in pension benefits.

Risks of East Germans and the long-term unemployed increase

In addition to single women, working people from eastern Germany are also threatened by poverty in old age, as they were affected by the upheavals in the labor market in the years after reunification. According to the study, the poverty rate for them will rise from 5 percent to 11.2 percent by 2036. In addition, the situation is worsening for long-term unemployed people who have been jobless for five years or more. Already today, 18.7 percent of new arrivals are at risk of poverty, and by 2036 the figure has risen to 21.9 percent .

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Seven percent of Neurentner 2036 relied on basic security in old age

With the higher poverty rate among young people until 2036, the number of elderly people who are dependent on old age will increase. Currently, the rate is 5.4 percent for the 67-year-olds. According to the authors of the study, the value will rise to seven percent by 2036, based on the current development.

At least for the first time, allowances for benefits from occupational pensions and Riester pensions were introduced for the basic pension in old age as part of the occupational pensions strengthening law. Up to 202 euros per month are thus exempted from crediting the social benefits . For low-income earners, it pays off despite the threat of old age poverty, with a company or private pension plans to put aside some money for the retirement. However, the study authors fear that low-income earners often do not have enough money during their working life to spend on old-age provision.

On the other hand, middle-income people and families benefit from the provision . Depending on the type of pension plan chosen, they are supported by the government through supplements or tax benefits, and some employers also help their employees to set up a pension scheme.

Service: You want to financially secure for old age and are looking for the appropriate provision? Request a no obligation quote and find out how to secure extra income in old age.

Union and SPD: After the pension gifts comes the pension minus

The study could boost the SPD in the upcoming election campaign. For while the CDU does not want to change the current pension policy, a few days ago the Social Democrats presented a – albeit controversial – pension concept.

Union and SPD have together implemented comprehensive pension reforms over the last four years. Above all, the mother’s pension and the pension at 63 are considered very expensive undertakings . As a result of this and the demographic change since 2015, the pension fund has paid more than revenue. Thus, the minus in 2016 was around 2.2 billion euros. The reserves of the pension fund are shrinking. In the long term, this will lead to rising pension contributions. But pension benefits could also continue to fall – which in turn could lead to more pensioners in financial difficulties .

Here you will find tips and further information on old-age provision.