How does motor liability insurance determine the insurance premium??
For many drivers, the premium calculation of the insurer is a book with seven seals. In fact, several criteria play a role. Basically, every car model in Germany is assigned to a type class. The allocation is done by the insurers and takes into account certain experience values. Which car model, for example, is stolen particularly often? Are there vehicles that are involved in accidents more often than others.
The annual loss statistics are used to determine the values. The classification in liability insurance is in type classes ten to 25, while partial coverage has classes ten to 33 and comprehensive insurance is rated in type classes from ten to 34. For the insured, the higher the type class for their motor vehicle, the higher the premium they have to pay.
Car insurance and place of residence
In addition to the type class, insurers also know a regional class, which is also a factor in determining premiums. The regional class is determined by the German Insurance Association (GDV). The dressing is based on the frequency of accidents in a region. Likewise, the driving behavior as well as the number of registered vehicles and the prevailing road and weather conditions of an area are taken into account. These statistical figures give rise to the regional classes, of which there are twelve for liability insurance. There are 16 regional classes for partial coverage and nine for comprehensive coverage. Also here it behaves like with the type classes: The lower the regional class, the lower the premium for the insured person. If you live in the east of Germany, you come off better than someone who is based in southern Germany, because in the south of the republic the damage balance is worse. The insurance premium is set correspondingly lower.
The ten most expensive regions for motor vehicle liability insurance policyholders!
- Augsburg (Bavaria)
- Wiesbaden (Hesse)
- Kaufbeuren (Bavaria)
- Nuremberg (Bavaria)
- Berlin (Berlin)
- Offenbach (Hesse)
- Hamburg (Hanseatic City of Hamburg)
- Volkingen (Saarland)
- Kempten / Allgau (Bavaria)
- Munich (Bavaria)
The ten most favorable regions!
- Oberspreewald-Lausitz (Brandenburg)
- Prignitz (Brandenburg)
- Luchow-Dannenberg (Lower Saxony)
- Ostprignitz-Ruppin (Brandenburg)
- Elbe-Elster (Brandenburg)
- Ludwigslust-Parchim (Mecklenburg-Western Pomerania)
- Northwest Mecklenburg (Mecklenburg-Western Pomerania)
- Uckermark (Brandenburg)
- Emden (Lower Saxony)
- Neubrandenburg (Mecklenburg-Western Pomerania)
Saving with the no-claims class
The no-claims class, known as the SF class in insurers' jargon, also influences the insurance premium amount. Those who are rated with a high number here can be happy, because that is a sign that they have been on the road without damage for a long time. Every year without damage is rewarded by the insurer with a discount. If you drive your car with prudence and have the necessary luck, you will receive a correspondingly high no-claims bonus. If the insurance company has to pay because of an accident, you will automatically be downgraded to a lower SF class in the next calendar year. Novice drivers are given a low rating from the outset. This can be avoided if new drivers have their vehicle insured as a second car at their parents' current rate.
The soft factors in the insurance premium
The so-called soft factors are also decisive in the determination of contributions. These criteria are determined by the insurance companies themselves and range from the age of the driver to the annual driving performance. Those over 23 fare better than younger drivers. Few drivers are rewarded as well as all those who can prove a garage for their car. With full or partial comprehensive insurance, money can also be saved if the motorist decides to pay a deductible. The higher the amount paid out of pocket in the event of a claim, the lower the insurance amount will be. If the insurer can completely offset the damage with the deductible, they even keep their no-claims bonus.