Car insurance: why not only novice drivers pay more

Car insurance: Why not only novice drivers pay more

There are various characteristics of an insured car and its driver that have a significant influence on the risk of an accident. This is proven by a current statistic.

From the average number of kilometers driven per year, to driving experience, to the type class in which a vehicle is classified, there are numerous factors that play an important role in determining the premium amount for motor vehicle liability insurance. A statistic of the Federal Financial Supervisory Authority and the German Insurance Association e.V. also shows why. Because these criteria play a role in the context of motor vehicle liability claims in the accident frequency and / or average amount of damages.

For every car registered in this country, there must be a motor vehicle liability insurance policy that covers the damages of those who are harmed by the car, for example, in an accident and are not to blame for it. According to joint statistics from the German Insurance Association e.V. (GDV) and the German Federal Financial Supervisory Authority (Bafin), motor liability insurers paid 9.7 billion euros for 2.8 million accidents in 2017. 2017, around 44 million passenger cars – excluding rental cars – were insured for at least one year on average.

This results in a claims frequency of 64 motor vehicle liability accidents per 1.000 insured cars with an average loss amount of 3.451 Euro per motor vehicle liability accident. The statistics also show that the frequency of claims and the average amount of claims differ, in some cases significantly, between a wide range of characteristics relating to the car, the driver or even the region in which the motor vehicle is registered. This is one of the reasons why some of these criteria have a significant influence on the premium amount of the car insurance policy.

The accident risk depends, among other things, on the age ..

Among other things, the statistics show that the frequency of accidents is related to driving experience. The highest claims frequency is namely the under 21-year-old drivers. By 18. At the age of 19, the claims frequency is 121, and in the. Year of life 109 and in 20. Life year 102 motor vehicle liability damage per 1.000 cars driven by drivers in this age group. The frequency of claims is also relatively high among 21- to 26-year-olds.

Here, there are 91 liability claims per 1.000 insured cars driven by 21- to 22-year-olds, 81 accidents per 1.000 insured cars driven by 23- to 24-year-olds and 86 liability claims per 1.000 insured cars with 25- to 26-year-old drivers. The average claim amount in the age group of up to 26 years old is 3.012 to 4.088 per liability claim, the average amount of damage is significantly higher than for the other age groups.

Among drivers between the ages of 27 and 72, the frequency of causing a motor vehicle liability claim ranges from 51 to 64 claims per 1.000 insured cars and the average amount of damage between 3.182 and 3.459 euros.

… and the physical condition from

However, as drivers get older, the claims frequency increases – namely, per age group for those aged 73 and older to 68 to 98 accidents per 1.000 insured cars of these drivers.

However, this does not apply to the average amount of damage, which for seniors of the above age ranges from 3.050 Euro and 3.435, which is still below the average damage level of 27- to 41-year-old drivers with 3.459 euros.

Per 1.000 insured cars driven by people aged 82 and older, 98 motor vehicle liability claims were counted in 2017. The average amount of damage here was 3.230 euros. The figures suggest that physical criteria such as reaction speed, which decreases with age, for example, are also decisive for the individual accident risk.

Higher accident risk for frequent drivers ..

However, the mileage also allows conclusions to be drawn about the accident risk, because the higher the number of kilometers driven per year with the respective insured car, the higher was the frequency of claims.

Among motor insurance customers who reported paying a maximum of 6.000 kilometers a year with the insured car, an average of 58 motor vehicle liability claims occurred per 1.000 insured cars. For frequent drivers with more than 31.000 kilometers per year, on the other hand, there were 93 such accidents per 1.000 insured cars with this driving performance.

If several drivers use the car, the accident risk of causing third-party liability damage with the car is also higher. If only the policyholder and his partner drive the car, the claims frequency was 56; if several drivers can use the car, on the other hand, there were 71 motor vehicle liability claims per 1.000 insured passenger cars of the same category.

… and per type and regional class classification

The statistics also prove that the regional classes in which a vehicle is classified according to the registration district and which reflect the claims record of a particular region have their justification when it comes to calculating, among other things, the motor vehicle liability premium based on them. Because the higher the regional class, the higher is almost always also the frequency of claims. While there are only 51 motor vehicle liability claims per 1.000 insured cars that were in regional class one, there were 1.000 cars that were in the highest regional class twelve, 86 accidents.

The statistics show even more clearly that the type class rating of a car is also justified in determining the motor vehicle liability premium. The respective type classes reflect the different claims patterns that the motor insurers read for the various car models from the claims statistics for motor vehicle liability, comprehensive and partial cover insurance. For motor vehicle liability insurance, the respective car models are classified in type classes ten to a maximum of 25.

As the 2017 statistics show, there was 1 for every.000 insured passenger cars, which were classified in the lowest motor vehicle liability type class ten, 15 motor vehicle liability claims. There were 1 against each of these.000 insured cars with the highest motor vehicle liability type class 25 even 105 motor vehicle liability claims to record. There are also various other criteria that play a role in the calculation of the motor vehicle liability, but also the full or partial hull premium. Details can be obtained from the insurance intermediary.

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