Drivers have to be prepared for significantly higher insurance prices at the turn of the year. Insurers complain about rising prices for spare parts and higher repair costs. The General Association of Insurers (GDV) expects a loss of 2.5 billion euros with the actual insurance for 2023 and sees a need for action. The industry had made high profits during the pandemic, as many people left their cars at home more often and there were fewer accidents as a result. But that’s not how the insurers calculate, they act according to the motto: Now there are losses, now there is an increase.
Car insurance: Car insurers want to raise prices sharply – Economy
