Overview
- Consumer advocates warn not to cancel an existing policy until the new contract is confirmed so that cover remains continuous.
- Many contracts no longer follow a 30 November cutoff, as numerous policies now renew on the vehicle registration anniversary, so drivers should verify their actual cancellation window.
- A new insurer may downgrade a no‑claims class more after a loss and bonus protection often does not transfer, which can turn a seemingly cheaper tariff into a costlier one.
- A solid policy should include around €100 million liability cover, Mallorca cover for foreign rentals, protection for animal and marten‑bite damage, comprehensive EV battery cover, and no payout cuts for gross negligence.
- Practical savings cited include up to roughly 20% by lowering declared mileage, about 8–9% via annual payment, around 40% by narrowing authorized drivers, potential discounts from workshop binding with lease or credit caveats, and options like re‑registering ownership or transferring a company‑car no‑claims record with employer confirmation.