Five tips for cheap car insurance

  • Optimal coverage – what do you need?

    Mandatory insurance 
    Every car holder must have liability insurance. It is well worth comparing premiums, though.

    Optional insurance
    Unlike motor vehicle liability insurance, which covers damage that you cause to third parties, comprehensive and collision insurance (the combination of which is called full casco insurance) are optional and cover damage to your own car. It is advisable to buy casco insurance. However, full casco insurance only makes sense for newer cars. You should therefore not forget to convert your full casco insurance into a partial casco insurance (i.e. without collision cover) when your car becomes older.

    Lower premium thanks to deductible
    You can choose your deductible for casco insurance yourself and thus lower your premium.

    Choose the right supplements
    The leaner your insurance policy, the cheaper it is. You should therefore carefully consider which supplements you really need. Occupants insurance, for instance, only makes sense in very few cases as persons living in Switzerland must have accident insurance anyway. Breakdown insurance is not always necessary, either. It may be handy, but roadside assistance is often already covered through another insurance such as the ETI accident and breakdown cover or through membership with a touring club. And certainly not everybody needs insurance for damage while parked. Besides, this is usually only available for new cars and for a limited amount of time. Read more about the topic of insurance for damage while parked.

  • Benefit from reductions

    Take advantage of online offerings
    You will find the cheapest offerings on the Internet.

    Buy the right car
    The premiums for your car insurance may vary depending on the type of vehicle. Some insurance providers grant an eco-reduction, for example. Furthermore, cheaper cars with a less strong motor are usually also cheaper to insure.

    Lower premium thanks to saving models
    You can save money by committing to certain conditions (e.g. repair at a partner garage, zero-alcohol level). It is therefore important to think about what you need and what you can do without.

    Profession
    Some insurance companies grant discounts to professionals in certain fields or members of academic associations.

  • Damage – what to do?

    Report the damage immediately
    It is best if you report the damage to your insurance company right away. This way, you avoid hassle over insurance matters later on. Troubles may arise especially if you have already had the damage repaired in the meantime. Insurance companies usually first want to have the damage inspected by an expert and only then decide upon the further course of action.

    Damage or bonus loss
    Check which option would be more expensive for you. Sometimes, it may be cheaper to pay for the damage out of pocket. This is the case if the deductible and the bonus loss are higher than the costs caused by the damage. If you decide to pay for the damage yourself, you can also notify the insurance company of your intention later on.

  • Fulfil responsibilities

    Pay your premiums on time
    If you pay your premiums late or not at all, you risk incurring reminder fees and plenty of trouble. The insurance company may also cancel coverage after the payment deadline. This means that you would have to pay potential damage out of pocket. If you do not act upon the payment reminder, you also risk confiscation of your number plate by the police, which entails considerable costs and trouble.

  • Changing insurance

    Benefit from cheap premiums 
    You can only benefit from new and low premiums if you are willing to take out a new insurance. If you do not cancel your existing one, the policy is automatically renewed for another year.

    Observe the period of notice 
    The period of notice is usually three months. It is only possible to cancel on shorter notice if your premium is increased, following a claim or in case of a change of vehicles. Use our template for the cancellation letter.

    Flexibility with a short term of contract 
    Only sign one-year contracts or negotiate an annual cancellation right. This is the only way for you to be able to benefit from new, low prices. The bonus level remains the same with every change of insurance.

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