Aurélien Fleurot // Photo credit: Pixabay
With the increase in natural disasters and inflation, insurance prices will increase in France in 2024. Housing contracts will be the most affected, with an increase of up to 8%. As for auto insurance, the increase should be lower, but will still remain significant in budgets.
Automobile, health, home… There will be no good surprises for your insurance prices in 2024. Hail, frost, tornado, floods… The increase in natural disasters partly explains these increases. Among the sectors most affected: housing.
According to forecasts from the firm Facts & Figures, specializing in insurance, the increase in the price of home insurance contracts could go up to 8% next year. A little less alarmist, Olivier Moustacakis, co-founder of the comparator Assurland, still confirms this trend, notably due to an increase in burglaries.
A lighter increase for cars
“Burglaries were up by more than 11% on the national territory in 2022, with certain regions which had peaks such as the Brittany region which had suffered an increase of 10% last year”, which could have influenced the policy prices, explains the co-founder of the Assurland comparator. “But for 2024, we are counting on an increase (national editor’s note) of 5%, which would increase the average premium which was at 227 euros towards 238 – 239 euros on average”, adds Olivier Moustacakis at the microphone of Europe 1.
No respite from the auto insurance side either. Projections estimate an increase of 4% in 2024. A figure below inflation thanks to a drop in the number of accidents and the end of the manufacturers’ monopoly on spare parts. On the other hand, bad news to come for owners of electric cars, who since 2021 have been exempt from a special tax on insurance agreements, allowing the bill to be reduced by 15 to 30% depending on the contracts. This should no longer be the case from next year.