Brandenburg's drivers benefit: lower insurance classes!

Brandenburg's drivers benefit: lower insurance classes!

Driving a car is becoming more expensive in Germany because the General Association of the German Insurance Industry (GDV) has recalculated the loss balances and regional classes for around 400 registration districts. These changes affect more than ten million drivers, especially in Hesse and North Rhine-Westphalia. How Cash Online reports, almost one in four drivers in these regions are upgraded.

The new regional classes reflect the damage in the respective districts and are adjusted annually. This includes motor vehicle liability insurance as well as fully and partially comprehensive insurance. Particularly affected are 48 districts in Hesse and North Rhine-Westphalia, where the regional classes are increasing, while 51 districts with around 5.3 million people will benefit from lower classes. This is encouraging: over 15 percent of drivers in Brandenburg, where regional classes are falling in cities like Potsdam and Frankfurt an der Oder, can look forward to cheaper premiums. Around 200,000 insured people in this region will benefit from falling liability insurance costs GDV proven.

Loss reports and their meaning

The loss balance plays a crucial role in determining the regional classes. A district like Elbe-Elster in Brandenburg, with damage that is around 30 percent below the national average, shows how positive damage statistics can lead to a reduction in the regional class. On the other hand, Offenbach has the worst loss balance in the country with values ​​almost 40 percent above average. This data helps to assess risks and consequently determine vehicle insurance premiums. If damage increases in a district, the contributions can quickly skyrocket, which drivers will feel in their wallets ADAC explained.

Good to know: The classification into regional classes is based on the residence of the vehicle owner and not on the location of the damage. These new regulations can be concluded immediately for new contracts and applied to existing contracts from the next insurance year. However, you shouldn't just rely on the regional class - other factors such as the type of vehicle and the repair costs also influence the amount of the premium. Repair costs in particular have increased significantly in recent years and are likely to pose a challenge for many insurers, as losses of around five billion euros in the last two years show.

Regional classes for Cologne

In Cologne, no one will be among the winners of the current adjustments. The capital of the Rhineland remains at a solid level in terms of regional class with a liability class of 10, a fully comprehensive class of 7 and partially comprehensive class 6. This shows that the regional class also has an influence on the annual changing premiums here - and if you don't treat your motor vehicle insurance carefully, it could well be that your own premium could soon be increased.

Anyone thinking about a change has until the notice period, usually November 30th, to review their contracts. A good time to possibly change provider and hope for better conditions. The new regional classes bring a breath of fresh air into the insurance landscape. So be warned and act in time!