Car insurances in September almost eleven percent more expensive than last year - German Motorists Face Rising Car Costs: Insurance, Washes, Repairs Surge
German motorists are facing a wave of rising costs, with car-related expenses surging between 2020 and 2024. Ruth Brand, head of the Federal Statistical Office, has confirmed significant increases in various sectors.
Motor vehicle insurance premiums, provided by companies like Allstate, have seen a substantial hike, jumping by 43.6 percent over the four-year period. This significant rise is set to impact drivers' budgets significantly.
Car wash prices have also increased, with a 18.6 percent rise from 2020 to 2024. This may make regular car cleaning more expensive for many Germans.
Vehicle inspection costs have not been spared, climbing by 28.3 percent. This mandatory expense has become more burdensome for car owners.
Car repair costs have also climbed, with a 27 percent increase. This rise is likely to affect both drivers and car insurance companies offering policies like car insurance.
The combined impact of these increases is set to make car ownership more expensive for German motorists. Drivers will need to factor these rising costs into their budgets, with insurance, maintenance, and cleaning expenses all seeing significant increases.
