Overview
- Insurers and reinsurers have warned in mid-November that 2027 premiums will rise because replacement parts and repair costs are growing and some motor books remain unprofitable.
- BaFin has publicly told companies they must stop running loss-making motor portfolios, a stance that strengthens insurers’ case for tariff increases.
- Consumers face uneven price moves: some carriers may raise rates only slightly while others will raise them more, with market signals this year already in the single-digit percent range for many firms.
- Policyholders can often cut costs without switching by shrinking the listed driver circle, agreeing to workshop binding, raising deductibles, switching to annual payment, lowering annual kilometres or taking telematics discounts.
- Anyone planning a change must act quickly because the common cancellation deadline for calendar-year contracts is 30 November and a special one-month right under §40 VVG applies after unjustified premium hikes; shoppers should also check that their Schadenfreiheitsklasse and any rabattschutz or special internal ratings will transfer before they switch.