Best tips for cheap liability insurance

Liability insurance is not only sensible in Germany, it is also required by law. But who says that good protection has to be expensive? With the right tips and tricks, you can save money on your liability insurance without having to forego important benefits.

1. Compare offers thoroughly:

The first and most important step to saving money is to compare insurance policies. Use online comparison portals or get help from an independent insurance advisor. Pay attention not only to the price, but also to the benefits.

2. Choose the right amount of cover:

The sum insured is the maximum amount that the insurance company will cover in the event of a claim. If the sum insured is too high, the premium will rise unnecessarily. However, too low a sum insured can lead to financial problems in an emergency. Seek advice on what level of cover is appropriate for you.

3. Use excess:

A deductible means that you bear part of the costs yourself in the event of a claim. This reduces your monthly premium. Consider whether you are prepared to pay a certain amount yourself in the event of a claim.

5. Annual payment method:

Most insurance companies offer a discount if you pay your premiums annually instead of monthly. If you can afford it, this is a good way to save money.

6. Family insurance:

If you live in a family, family insurance can be cheaper than multiple individual policies. Find out about the conditions and benefits of family liability insurance.

7 Discounts for certain groups:

Some insurance companies offer special rates for certain professional groups, members of associations or organizations. Check whether you can benefit from such discounts.

8. Avoid unnecessary additional benefits:

Some insurance policies offer additional benefits that you may not even need. Think carefully about which benefits are really important to you and avoid unnecessary extras.

9. Cancel in good time:

If you are unhappy with your insurance or have found a cheaper offer, cancel in good time at the end of the contract. Pay attention to the notice period.

10. Watch out for special offers:

Many insurance companies entice new customers with special offers and discounts. Take advantage of these offers to save money.

Conclusion: Finding cheap liability insurance takes some time and research. But with the right tips and tricks, you can save money without having to sacrifice important protection. Compare offers, choose the right amount of cover, use