335 car insurance in the test: Every eighth rate is excellent

Jede achte Autoversicherung bietet Top-Leistungen You can always rely on good motor insurance

  • According to a recent study, the quality of insurance conditions in motor insurance increases.
  • 89 of the rated 335 car insurance companies are excellent or very good from the point of view of the testers.
  • To change to a better car insurance, motorists have until 30 November time.

Motorists who want excellent car insurance can find at least one tariff that meets this requirement at AachenMünchener, Allianz, Alte Leipziger, Basler, Bavaria Direkt, Bruderhilfe, DEVK, Generali, Janitos and Ergo. This is the result of the current motor insurance test of the rating agencies Franke and Bornberg. For the second time, the analysts have assessed the insurance conditions of 335 auto insurance companies.

For this they have used 61 criteria . For example, does the insurer waive the objection of gross negligence ? Does he pay in collisions with animals regardless of which animal ran in front of the car? How is the insurance cover designed for natural disasters such as floods?

Car insurance: tariff diversity is growing steadily

Car insurance: tariff diversity is growing steadily

A comparison of car insurance shows that insurers often offer different car insurance policies. Some subdivide these from basic to premium protection, others allow protection to be supplemented with performance modules. Motorists can secure much more individual . However, the range of tariffs also means that the market is increasingly difficult to see through .

Tip: Comparison calculators for car insurance make it possible to compare a large number of car insurers online. However, if you want to change your provider, in most cases you will have to terminate it by November 30th .

40 car insurance companies secure the top mark

40 car insurance companies secure the top mark

The quality of motor insurance increases according to the test overall. Everyone can be cheap. The trick is to offer good performance at a competitive price , “commented Michael Franke of the rating agency. How much the car insurance costs, in the investigation of everything matters.

40 tariffs and thus every eighth car insurance receives in the current comparison the top grade “FFF”, which stands for outstanding achievements. 49 offers achieve an “FF +” rating. With 152 rates, the majority is rated “FF” (good).

According to the experts, current test winners in motor insurance include:

  • Bavaria Direkt – Comfort L
  • VHV – Classic Garant + Exclusive
  • DEVK – Premium
  • Basler – All-in
  • WWK – Cars plus
  • Janitos – Advanced
  • R + V – Police Plus
  • Generali – comfort protection Fully comprehensive premium
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Asian financial crisis


Asian financial crisis


  Following this review of the major economic crises that are so widely cited in the media today, the following will be the one that occurred in Southeast Asia from 1997. Due to the procedures of economic science, there is no consensus on the causes of such depression. Broadly speaking, this crisis was due to the unsustainability of currencies appreciated with trade deficits, although it was not the same in all countries.

The economic background did not show at first glance indications of a possible crisis: low budget deficits, moderate inflation … and large inflows of capital in the short term because countries in general had undertaken financial liberalization. The Southeast Asian coins were linked to the dollar (they had a more or less fixed parity with respect to it). When in the 1990s the US began to raise interest rates to reduce inflation, these countries were no longer attractive to foreign investment, and their currencies appreciated, and their exports were reduced, not only by the appreciation, but because more competitive countries emerged, such as China.

When investors began to realize the weakness of these countries, withdrew their investments, causing an effect known as flight to quality (exit of investments looking for places with security). There was a significant reduction in credit, triggering major bankruptcies. The economic leaders tried to make investment in their countries attractive by raising interest rates and accumulating foreign exchange reserves. This could not be maintained for a long time, so it was necessary to let the national currencies (which quoted on the market) float . The trigger for the crisis (not the main cause) was the depreciation of the Thai baht. The foreign debts were still fixed in foreign currencies. If the Thai baht depreciated, it made the dollar loans more expensive to repay (it is easier to cover a $ 1000 loan if a dollar is worth 34 baht instead of 50 baht). This increased the bankruptcies
Other economists defend positions based on the fact that financial liberalization greatly increased private credit. The declining profitability of investments, as mentioned above, meant that these loans were destined for the stock market and real estate speculation. Increased, therefore, the leverage (term that refers to debt).

<br /><br />The exit from the depression could be seen throughout 1998, when interest rates fell to normal levels and economic activity recovered (somewhat later).The help of the International Monetary Fund came into play at this point. [I have not talked about this institution here. It was created after the Second World War in order to maintain the system of fixed exchange rates (dollar-gold system), and ensure international payments by giving aid to countries with problems. When the US abandons the convertibility of its currency into gold, this organization continued to operate by giving loans to emerging countries with problems of macroeconomic stability.]. This aid was based on neoliberal economic ideas (budgetary austerity to balance deficits, and confidence that corporate bankruptcies would only be a step towards rebalancing the market). The IMF gave financial support to the three most affected countries in this crisis: Korea, Indonesia and Thailand. For them, 35,000 million dollars were allocated in adjustment programs and aid. It sought to stop depreciations with restrictive monetary policies and regulation of financial markets.
The exit from the depression could be seen throughout 1998, when interest rates fell to normal levels and economic activity recovered (somewhat later).

The criticisms that came over the IMF were due to the fact that it could not predict this crisis, just as it could not do with the Mexican crisis ( Tequila effect , in another blog post). This crisis may be the one that initiated the criticism of economic globalization, the problems of the liberalization of short-term capital inflows in emerging countries, and how economically insignificant events (the devaluation of the Thai currency, a small country) could provoke a crisis of such dimension. Globalization promotes greater efficiency in allocation and favors growth (this is what the faculties say) but it also makes countries more vulnerable to such capital flight. The “Asian tigers” hung on the investor’s trust and it vanished. 

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