Price increase for drivers: New rating of the insurance company in Lower Saxony

Price increase for drivers: New rating of the insurance company in Lower Saxony

In Lower Saxony there is a significant change that will affect numerous drivers. Around 500,000 people in the state have to adapt to rising contributions from their car liability insurance, and that due to a re-evaluation of the accident risks. This information comes from the overall association of the German Insurance Industry (GDV) and concern both new and existing contracts in the insurance landscape.

Especially in urban areas such as Hannover, Lüneburg, Friesland, Goslar and Verden, it becomes more expensive for many motor vehicles. Here the regional classes increase, which are an important measurement size for the risk and the possible damage costs. The higher the regional class, the more drivers usually have to pay for their insurance cover. These regional classes are based on the damage balance and the accident statistics of the respective registration districts. This is shown by the fact that increasingly complained damage in urban areas results in a higher classification.

affected regions and possible consequences

According to the information from the GDV, the majority of around 4.3 million drivers in Lower Saxony are not faced with drastic changes. For about 50% of the drivers, everything remains the same, since they are still classified in the lowest regional classes 1 to 3. In the case of comprehensive insurance, the changes are moderate: around 660,000 insured persons are classified in a higher class, while around 250,000 fall into a lower class.

developments also in Bremen

In Bremen, the situation remains stable. The regional classes for vehicle liability insurance in this city are extremely low; Regional class 7 remains here. This is positive for the drivers living there, because they can benefit from the still good damage balance. The regional differences are considerable: while in Lower Saxony, especially in rural areas, cheaper insurance contributions are common, this is often not the case in urban metropolitan areas.

The effects of this re -evaluation of the accident risk are clearly noticeable for the respective regions. Some drivers are faced with higher insurance costs, while others can benefit from a reduction. In the future, these factors will play a crucial role in the choice of the vehicle insurance provider. It remains to be seen how insurance companies and consumers will react to these upcoming adjustments, especially in a change in which mobility and traffic safety find increasing attention.