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.

 

Insurance for iPhone and mobile phone

Insurance for iPhone and mobile phone

 

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  • Protect property and insure household contents
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Mobile insurance: insurance for iPhone and mobile phone

With a household insurance you can insure almost all household utilities and consumables. Among other furniture, carpets, washing machines, food and electronics are considered. Household insurance thus offers an iPhone insurance and a mobile phone insurance.

What happens in the event of damage?

If something in your household is damaged, the insurance will provide you with the money you need to buy the insured item in new condition. Among the insured sources of damage include: burglary (robbery, vandalism), fire (fire, lightning, explosion) and tap water (burst pipe, frost damage). You can also opt for an external insurance. The insurance cover then covers damage outside of your four walls. Also, your iPhone insurance or your mobile insurance is then extended to important benefits.

For example, if somebody breaks into your car and steals your cell phone, then the outside insurance can provide you with assistance. As a rule, it is valid worldwide, provided the duration of stay abroad does not exceed three months. The iPhone insurance and the mobile phone insurance offer you protection for holidays outside of Germany.

iPhone insurance

If you buy an iPhone, you may receive an offer for a separate iPhone insurance. The insurance cover is usually unnecessarily expensive and then exists only for this one device. The household insurance usually offers a much better value for money. In the household insurance is automatically an iPhone insurance included, also almost all other household items are protected.

Service: When choosing the right home contents insurance is worth taking a look at the current home insurance insurance tests.

Mobile insurance

Here, too, home contents insurance is the better alternative to a separate mobile phone insurance, as it only covers the cell phone for the most excessive contributions. Both your mobile phone and almost all other moving objects in your household are protected by home insurance.
Here, the mobile phone insurance offers the same benefits as the iPhone insurance. In addition, it offers all other usual services for home contents insurance.

Editorial Tip

Different providers require part very different contributions for the same insurance coverage. In order not to unnecessarily spend a lot of money on the insurance here, it is advisable to have a precise insurance comparison, otherwise it is very difficult to get a good overview of the various offers. Use our tariff comparison and secure yourself a cheap mobile phone insurance.

iPhone Insurance & Mobile Phone Insurance – Reimbursement

Important for the reimbursement is that you contractually agree on a sufficient sum insured. If this is set too low, you will only be reimbursed part of the costs in case of damage. This is called underinsurance. If you want to be absolutely certain that you will receive the necessary money in the event of a claim, you should set a sub-insurance waiver. If damage occurs on your iPhone or mobile phone, you will in any case receive the money for the new purchase, regardless of whether the sum insured is too low or not.

 

 

Posted in Uncategorized

Demand for consumer credit has risen

Frankfurt / Main – The interest of private households in Germany in consumer credit has continued to rise as a result of low interest rates. This is announced by the Bundesbank on Wednesday in Frankfurt.

Image: signpost credit 

However, the increase was less dynamic in the second quarter than at the beginning of the year. The standards for housing loans remained unchanged, but they were eased somewhat for consumer loans.

Compared to the previous quarter, corporate demand hardly changed on the bottom line, as the survey on lending among German banks revealed. Larger companies asked for slightly less credit, while the interest of small and medium-sized enterprises rose slightly.

For the third quarter of 2014, the surveyed banks want to slightly relax the standards in the corporate business, and no significant changes are planned for loans to private households.

From the point of view of the German banks, the euro sovereign debt crisis had very little impact on the refinancing conditions in the second quarter and had no consequences for the credit supply policy, as the survey shows.

For the first time since the second quarter of 2007, the financial institutions eased the standards for the allocation of corporate loans in the euro area. However, corporate demand hardly changed, according to a European Central Bank (ECB) survey of financial institutions. Consumer interest in loans, on the other hand, rose more sharply than at the end of 2010.

 

Posted in Uncategorized

Wednesday, 12.07.17 , written by Juliane Wellisch In the current family liability comparison 2017, it was examined which tariffs offer the best services for families. This does not just include co-insurance for the children. There are a number of claims that are far from covered by any insurer. However, 14 fares offer comprehensive protection and convince with the best possible rating.

 

Diese Leistungen gehören zum Haftpflichtschutz für Familien 

  • The new family liability comparison 2017 rated 14 out of 98 tested offers with the best rating.
  • It becomes clear which benefits a liability insurance for families should offer in any case.
  • With a comparison to liability insurance, families can find out if there are also high-performance tariffs at a low price.

The family liability comparison 2017 has examined 98 tariffs. For this purpose, the analysis company ascore scoring the offers, especially with regard to their scope of services scrutinized. Finally, the choice of a suitable insurance mostly focuses on the amount of insurance premiums. Especially with the liability insurance for families, however, interested parties should not disregard the scope of services . Because this decides whether the insurance company actually pays in case of damage.

The best offers in family liability comparison 2017

The best offers in family liability comparison 2017

 

All tariffs in the test offer a co-insurance of spouses or partners as well as children . This includes both the own and the children of the partner in the common household as well as foster and adoptive children. A total of 14 fares from twelve providers receive the best possible rating of six stars in the family liability comparison. This means that they fulfill many important benefits for families, such as a coverage of at least 10 million euros in personal, property and pecuniary losses .

Among the test winners in the family liability comparison 2017 include:

  • Adcuri / Barmenia – Premium Protection Family
  • Liability insurance Darmstadt – PHV Simply complete
  • InterRisk – PHV XXL (HT2011)
  • Concept & Marketing – allsafe fortuna prime and allsafe fortuna perfect
  • Swiss Life – Prima Plus 2016 and Prima Plus 2016 with carefree package with failure cover Plus
  • Waldenburger – Premium Plus

Service: You are looking for a family liability with optimal price-performance ratio? Discover now with the comparison calculator for liability insurance suitable offers.

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On these achievements it comes with the family liability

On these achievements it comes with the family liability

 

Many a claim that many insured believe to be covered by their liability insurance is not covered by any tariff . For example, those who cause damage in the workplace will only receive support from 51 of the 98 tested offers according to the family liability comparison. If one ‘s own child runs from time to time to the neighbor’s dog and thereby another person is damaged, however, with the exception of a tariff all offers in the liability insurance test help.

For the important loss of receivables, interested parties should check how extensive it is. The benefit comes into play if the insured person is harmed himself, but the polluter has neither the financial means nor his own liability insurance. A liability with bad debt jumps in this case and pays the costs incurred. All 91 of 98 fares offer this achievement .

However, the testers point out that not every offer has legal protection, which is partly necessary in order to enforce an enforceable title or order for payment. 30 tariffs also support the insured in this area. In addition, the bad debts are insured for 58 offers, if the injured party acted intentionally .

Best performance in liability – how important is the all-round protection?

Best performance in liability - how important is the all-round protection?

 

Among the test winners are many premium rates, which are usually associated with higher insurance contributions . However, the costs were left out in comparison. In particular, price-conscious families are well protected with many offers, which do not provide all-round protection, but a scope of services that goes beyond simple basic services. These usually cost only a few euros per month and are therefore affordable for every household.

Here you will find tips and more information on private liability insurance. >

Juliane Wellisch

editorial staff

More news about liability insurance

More news about liability insurance

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