Contrary to expectations, the premium war between car insurers continues. The arrival of new players on the market forces insurers to further reduce car insurance premiums.
Car bargain by insurances price war insurers
Yet 98% of the insured still pay too much for his car policy. Last year, research by the Lender showed that car owners can save on average 171 euros per year.
Price decrease car insurance
The end of the fall in the price of car insurance is not yet in sight. The race for soil rates will continue even further in the coming months. Insurers will do everything they can to retain or conquer part of the market. The consumer is the smiling third party and can make substantial savings on his policy by switching.
What makes car insurance premiums lower?
There are three factors that cause car insurance premiums to fall considerably. First of all, the arrival of new internet insurers such as Allsecur, daughter of Allianz Nederland, is causing a stir. This insurer offers cheaper insurance with better coverage. This forces other motor insurers to adjust their pricing and coverage.
Decrease car damage
In addition, the number of damage on the road is falling and car damage in accidents is often less serious. This means that car insurers have money left over for stunt campaigns to attract new customers. For them, the car policy is like a foot in the door for customers to then also sell other insurance policies. Finally, the costs for insurers are falling due to the internet.
Comparing car insurance pays off
Last year, prices fell by an average of 15 percent and this year too, the price drop continues. Almost everyone can be more advantageous by switching to another insurer. Anyone who spends a few minutes each year comparing all car insurance policies quickly saves an average of 171 euros per year. What is a cheap car insurance policy for you depends on, among other things, your age, coverage, claim-free years and place of residence.