- In certain locations, the likelihood of forfeiting life insurance benefits is reduced.
Approximately one-fifth of drivers with comprehensive car insurance in Schleswig-Holstein, specifically those in areas like Flensburg, Kiel, and Rendsburg-Eckernförde, are getting reclassified into more pricey regional categories, as per the German Insurance Association (GDV). This shift impacts numerous vehicle owners in these regions. Notably, insurers can apply this adjustment to upcoming insurance policies, even for existing agreements.
Regional classes offer insights into accidents caused by drivers registered within specific districts. Typically, a higher regional class translates to an increased insurance premium. Factors beyond this, such as the type of vehicle, the driver's age, and the number of accident-free years, also impact the premium amount.
As per GDV, around 360,000 drivers in regions like North Friesland, Lauenburg, and Rendsburg-Eckernförde will see an increase in their liability insurance regional class. On the other hand, approximately 170,000 drivers in Kiel and Dithmarschen could potentially benefit from improved ratings. Regrettably, GDV hasn't revealed the underlying reasons for this shift.
In Hamburg, both comprehensive and liability insurance regional classes are the most expensive in Schleswig-Holstein. Particularly, partial comprehensive insurance, which covers incidents like storm damage, is costlier in Schleswig-Flensburg and North Friesland.
Surprisingly, Hamburg's elevated classification hasn't altered significantly. In most instances, regional classes exhibit higher rates in urban areas due to the increased accident frequency caused by heavier traffic.
Despite being in a more expensive regional class, many drivers in Schleswig-Flensburg and North Friesland still choose to maintain partial comprehensive insurance. In response to the increasing insurance premiums, some vehicle owners in these regions are considering upgrading their vehicles to models in lower insurance groups.
GVV, a renowned German automobile association, has highlighted that the reclassification of drivers into more expensive regional categories could lead to a potential increase in the demand for smaller and more fuel-efficient vehicles in areas like Flensburg and Kiel.
