What factors determine the cost of legal insurance premiums?
Several factors influence the monthly premium amount for legal insurance:
The chosen legal insurance plan type, such as Basic or Advanced, including any add-ons like Home or Criminal protection.
The insured person's age, with discounts available up to age 35; premiums gradually increase as age approaches 35.
The geographic location based on the postal code, which assigns the insured to a tariff zone affecting the premium.
Whether the plan is for a single tariff or a family, with multi-person policies typically have higher premiums.
The insured person's profession, as some professions may have adjusted contributions.
How does my age affect my legal insurance premium?
Legal insurance premiums include discounts available up to age 35. As you approach age 35, these discounts decrease and eventually end, causing premiums to increase gradually until that age.
How and why does my location influence my legal insurance premium?
Your residential postal code determines the tariff zone assigned to you, and this tariff zone directly impacts the premium rate you pay. If you move to a different location with a different tariff zone, your premium may be adjusted accordingly.
The reason for this is that your location influences the statistical likelihood of needing legal assistance. For example, residents in larger cities like Berlin are generally more likely to encounter legal disputes compared to people living in smaller towns or rural areas. This could be due to higher population density, more complex rental markets, or increased traffic-related incidents, all of which lead to more legal claims overall.
Because insurance pricing is based in part on risk, areas with a higher volume of claims tend to have higher premiums to reflect that increased likelihood.
What is the difference in cost between single and family legal insurance plans?
Single plans cover one individual and generally have lower premiums. Family plans cover multiple individuals under one policy and typically result in higher premiums.
How does my profession impact the cost of my legal insurance?
Premiums for legal insurance can vary depending on the insured person's profession. Contributions are adjusted based on the professional activity to reflect associated risk or costs.
How can I get a quote or sign up for legal insurance?
To start the sign-up process for legal insurance, you can request a quote here.