Car insurance: towards a further increase in premiums in 2024?

Still no respite for motorists in 2024? Although it is much too early for general trends to emerge, we can already get a glimpse of what awaits us by focusing on this or that subject, insurance for example. In this case, taking into account what has happened since the beginning of the year, the comparator Assurland foresees an increase of around 3.5% to 4% in the price of auto contracts.

Claims on the rise

If the road safety figures are generally in the green with fewer deaths and serious injuries compared to 2022, that is not everything. Insurance companies should pass on the rise in car repair costs, which have jumped in the space of a year, to premiums. 8.42% to be very precise to take the data from Automobile Safety and Repair (SRA), an organization working “hand in hand” with insurers and providing them in particular with quantified data.

To this we could add the increase in the cost of baskets of spare parts (+9.7% over the last 12 months) or even that of labor (+4.3% over the same period), not mentioned by Assurland, but mentioned by the SRA in his latest study.

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