Geld.nl: claims and inflation push up automotive insurance coverage premiums

Taking out automotive insurance coverage prices a mean of 82 euros per 12 months extra in Might than a 12 months in the past, a rise of greater than 8 %. That is reported by comparability website Geld.nl, which attributes the premium enhance to elevated inflation and extra automotive injury. The location additionally notes that the quantity of the premiums at completely different insurers varies significantly.

Geld.nl investigated sixty completely different eventualities. It alternated between sorts of automobiles, locations of residence, ages and claim-free years. Within the final 4 months of final 12 months particularly, Geld.nl noticed automotive insurance coverage premiums rise sharply on common.

That is partly because of the excessive inflation, which reached a file excessive in September and October of final 12 months. Insurers noticed the elevated costs mirrored within the restore prices of damaged automobiles. Alternatively, a comparatively great amount of harm is brought about. “Through the corona interval, there was much less driving, which additionally resulted in much less injury. However visitors has now elevated once more and is even increased than earlier than the corona interval,” explains Amanda Bulthuis of Geld.nl. “That additionally entails extra injury, which insurers cross on of their premium.”

Bulthuis notices that these premiums differ in top per insurer. “We see that the distinction between the insurer with the bottom and the typical premium is usually round 20 euros per thirty days. That may be a distinction of 240 euros per 12 months.”