In the Corona pandemic, it's parking instead of driving for many people. The spacious office has been exchanged for the compact home office and the car is only used for really important trips. Fewer drivers on the roads also means fewer accidents and fewer miles driven in a year. So is there maybe money back from the car insurance company?
Reimbursement in the crisis
Some drivers could benefit from the crisis and get money from their insurance company. Current statistics show that the number of traffic accidents has decreased in the past year. This concerns the time of the first lockdown. After another lockdown in Germany, some companies promise to give their policyholders a share of the cost savings.
So the low cost of claims will soon be felt in the wallets of motorists. Some insurance companies have already announced, including Huk Coburg, that policyholders can expect refunds.
If your insurance company has not yet made a statement in this regard, you should, because of your low mileage, be sure to report this to your own car insurance company. Likewise, there is the possibility to correct the driving volume and adjust it at least for the current year.
Some companies charge according to the actual kilometers driven anyway. This is the case with car insurance Friday. Here, the mileage is queried once a year. If you have driven less kilometers than previously stated, you will get your money back. Such contracts are worthwhile especially in the Corona crisis. In addition to the exact mileage statement, the car insurance Friday can be canceled monthly and is quickly completed digitally.
Reimbursement | How much?
How high the exact refund amount is, can not be quantified exactly. Who z.b. a mileage of 15.000 kilometers in his policy and actually because of Corona home office only 5.000 kilometers, can expect a refund of approx. 21 percent of the insurance premium calculate.
annual mileage in terms of premium costs:
- 5.000 kilometers about 8 percent more than 2.000 kilometers
- 10.000 kilometers about 13 percent more than 5.000 kilometers
- 15.000 kilometers about 9 percent more than 10.000 kilometers
- 20.000 kilometers about 12 percent more than 15.000 kilometers
- 25.000 kilometers about 13 percent more than 20.000 kilometers
Deregister or decommission the SUV and save premiums
If you do not need your car at the moment for various reasons, you have the possibility to deregister it and cancel the insurance, or simply let the insurance rest.
Decommissioning at the insurance company
Who is not dependent on his car in Corona times, can let his car insurance rest, a cancellation of the like is not necessary thereby. Depending on the provider, these rest periods can be 12 to 24 months long.
The advantage of the resting:
- No cancellation and subsequent re-registration is necessary
- 12 to 24 months of rest possible
- If you have had your insurance for more than a year, you do not pay any premiums for the rest period
- Deregister or immobilize car at the registration office
- Submit deregistration certificate from the insurance company
More information on decommissioning insurance:
Cancel insurance contract
Who deregisters his car at the vehicle registration office, can cancel his car insurance contract without any deadlines.
Disadvantage here, you must sign a new insurance contract when registering your vehicle.
How long do the percentages of a car insurance policy last?
Anyone who decides to change their car insurance or even registers a vehicle again after a long time should take the no-claims class into account. The percentages or discount points ensure a low premium and confirm accident-free driving over a certain period of time.
Important to know: The percentages do not expire.
However, it is best to confirm this in writing when terminating or deregistering your policy. How long the documents are deposited and stored with the company is determined by the insurer itself. In most cases, the no-claims bonus can still be accessed for seven to 10 years. So there is no uniform rule here.