Type classes 2022: That will change with vehicle insurance

The new type class classifications for 2022 have been determined

The General Association of the German Insurance Industry has issued the new type class ratings. For over seven million drivers, higher ratings will apply in the future. What does that mean?

Type classes are used by motor insurers to calculate the amount of premiums for insurance. They reflect the damage balance of a vehicle type and are updated every year. If the type class deteriorates (higher classification than in the previous year), this can lead to higher contributions – conversely, a lower classification can reduce costs. The German Insurance Association (GDV) has now announced the new classifications.

Type classes 2022: higher ratings for over seven million drivers

“Around 4.3 million motorists will benefit from better type classes in liability insurance, and more than seven million will have higher ratings in the future”, says Jörg Asmussen, General Manager of the GDV. For almost three quarters or around 30.3 million drivers, the same type of vehicle as last year is retained. “Big jumps are the exception, only for a few models are there more than one class up or down,” explains Asmussen. For example, the Nissan Juke 1.0 (type F16, since 2019) and the VW E-Golf VII (type AU, since 2016) have each improved by two classes, while the Hyundai Kona 1.6 T (type OS, since 2017) has improved by two Type classes worsened.

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There are also type classes in comprehensive insurance

According to GDV, around three percent of vehicles (approx. 660,000 cars) receive a higher and around 40 percent (approx. 9.5 million cars) a lower rating in fully comprehensive insurance. In the partially comprehensive insurance, around four percent (approx. 490,000 vehicles) slide into higher, 32 percent (approx. 4.1 million vehicles) into lower type classes. While the benefits for injured parties involved in an accident are decisive in motor vehicle liability insurance, the value of the insured car plays a role in comprehensive insurance. This is why many high-powered, luxury-class models and SUVs have high type classes, while older models and small cars tend to have lower classes, according to the GDV.

This is how the type classes are calculated

Video: car insurance type classes

What is the type class actually?

To calculate the type classes, the damage and the resulting costs are considered over the last three years. If the damage reports and the costs incurred have decreased compared to the last calculation, the car is classified in a lower type class. If damage and costs have increased, the vehicle is rated higher. In liability there are 16 type classes (from 10 to 25), in partial coverage 24 (from 10 to 33) and in fully comprehensive 25 (from 10 to 34). In terms of liability, the cheapest type class 10 is practically only valid for oldtimers – they are rarely driven and the owners guard their treasures by driving particularly carefully. In contrast, popular entry-level models are often characterized by high type classes, as novice drivers often cause sheet metal damage.

What does an increase in the type class mean for insurance costs?

The new classifications can make car insurance up to 30 percent more expensive or cheaper for vehicle owners, as current calculations by the comparison portal Verivox show. As a rule, however, this only applies to changes by several classes or if changes to liability and comprehensive insurance come together. The Opel Corsa F 1.2, for example, has been upgraded by four classes in liability. In the model calculation by Verivox (45-year-old driver from Kiel with SF class 5), the costs for liability increase by 29 percent (80.31 euros additional premium). The current Suzuki Jimny, on the other hand, was significantly downgraded – by six classes in fully comprehensive insurance. In the Verivox calculation, the premium for insurance with fully comprehensive insurance is reduced by 30 percent (€ 152.96 savings). “With new car models, the risk of damage can only be estimated,” explains Wolfgang Schütz, managing director of Verivox insurance comparison. “That is why in the first few years after the market launch there are more often large jumps in the type class classification than with older vehicle models.” But such big leaps are the exception. “In most cases, vehicles are only upgraded or downgraded by one type class. The insurance premium increases or decreases by less than 10 percent,” says Schütz.

Special right of termination in the event of a premium increase

How much motorists will have to pay for their insurance in the coming year depends on several factors. In addition to reclassifications in the type class, changes in the regional classes and a more favorable no-claims class can also affect the premium. If you drive less in the corona pandemic and inform your insurance company about the lower mileage, you can also lower your premium. In this case, many insurers even reimburse excessively paid premiums retrospectively. Insurance expert Schütz: “Of course, general price adjustments by the insurer can increase or decrease costs. If the premium increases, the insured always have a special right of termination and can switch Reduce the cut by around a quarter. “

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