Reducing Fixed Costs: How Households Can Save Up to 4,400 Euros

In total, the annual expenses for electricity, gas, insurance, mobile phone, internet and account management fees can be reduced by up to 4,400 euros.

Switching Providers Saves Up to 4,400 Euros per Year

Martin Spona, CEO of durchblicker: "Those who take the time now to compare their bills and contracts with current offers can not only offset the additional costs for 2025 through the provider switch, but even save three to four times this amount. Due to annual index adjustments, premiums automatically increase, which is why especially older tariffs and contracts should be examined more closely. With insurance, it is important to choose the insurance coverage according to individual needs, otherwise you are either not sufficiently insured or pay much more than necessary. Based on the required scope of protection, durchblicker identifies the personal price-performance winner on its comparison platform."

Electricity and Gas Strongest Cost Drivers: High Savings Potential for Viennese

The highest additional costs are due to rising network charges and levies as well as the abolition of the electricity cost brake on electricity and gas. In addition to consumption, the place of residence is also decisive: While a three-person household in Vienna could save up to 1,100 euros per year on electricity, it is only 250 euros in Vorarlberg. The situation is exactly the opposite with gas: In the Ländle, up to 1,100 euros per year can be saved, in the federal capital up to 360 euros.

Insurance, particularly car and home insurance, offer significant potential for savings. Households can save up to 1,000 Euros on car insurance and up to 600 Euros on home insurance by switching providers, without any loss in service or coverage. There are considerable price differences in private accident insurance, which are noticeably higher in the West due to the higher risk assessments associated with more frequent skiing and hiking accidents. This is according to durchblicker.

The premium for private accident insurance can be reduced by 180 to almost 730 Euros by switching providers. Internet contracts can save up to 170 Euros per year and 100 Euros on an adult's mobile phone tariff. Account management fees can be reduced by up to 160 Euros.

Austrians are Reluctant to Switch

"It's paradoxical: People pay attention to promotions and discounts when shopping for daily groceries, but the so-called fixed costs remain untouched. As a result, many Austrians, out of ignorance, often leave several hundred, if not thousands of Euros per year on the table," explains Spona.

According to the ACER Report 2024, the average rate of switching electricity providers in the EU is 7 percent. Austria is in the lower third with 3.8 percent, while Spain leads the EU with 20.8 percent. Germany is also significantly above the EU average and Austria with 12 percent. "Whether it's energy, insurance, or banks - there are many different providers on the market. The price differences are large, as our calculation examples for Vorarlberg and Vienna show. Platforms like durchblicker help to make the scope of services and prices quickly and safely comparable for laypeople. The switch only takes a few minutes and the saved budget can be invested in other areas of life."

(Red)

This article has been automatically translated, read the original article here.