The car insurance classifications in Germany will undergo changes in 2025, affecting over twelve million vehicle owners.
The German Insurance Association (GDV) will implement changes in car insurance classifications in 2025. These changes are based on claims data and associated risks. The new classifications will result in increased costs for some vehicle owners, while others will benefit from more favorable classifications.
The GDV evaluates car models and categorizes them into type classes. This classification is determined by factors such as claims data, repair costs, and accident likelihood. Lower type classes generally lead to cheaper insurance rates.
In 2025, approximately 7.1 million vehicle owners will see their insurance costs rise, while around 5.1 million will benefit from more favorable classifications. Some notable changes include decreases in insurance type classes for the Ford B-Max 1.4 and the Hyundai Tucson 1.6. On the other hand, the Audi SQ5 3.0 TFSI Quattro will face increased costs due to a higher risk profile. The Mercedes-Benz EQC 400 4Matic will see a two-class improvement across all insurance types.
The demographics of drivers associated with specific car models also influence insurance costs. Young and novice drivers are statistically more likely to be involved in accidents, which can result in higher insurance costs.
Staying informed about these changes in car insurance classifications is crucial for vehicle owners in Germany. Exploring options for additional savings on car insurance can also help mitigate the impact of increased costs.
The changes in car insurance classifications in 2025 will have significant implications for vehicle owners in Germany. It is important for them to understand how these changes will affect their insurance costs and to take proactive steps to manage their expenses.