2017 car insurance: rates will be revised upwards

This new year 2017 is not exactly looking good for motorists. In addition to the new measures concerning ticketing and tinted windows, insurance companies will also have their say. Indeed, if the estimates of various specialists in this field are to be believed, an increase is to be expected for 2017 car insurance. This shouldn’t really come as a surprise to drivers. However, be prepared to compare offers again because the increase is not expected to be the same for each company.

An increase of 0.5 to 2.5%.

At this time, it is not yet known exactly which car insurance companies will increase their prices, nor at what rate the increase will be. However, estimates lead us to an increase of between 0.5 and 2.5% from the beginning of this year. This is quite considerable considering that many motorists are already complaining about the current prices. But there is a reason for this increase and it is related to the increase in the price of car repairs. The sector has grown by 2% in recent months. This results in costs for motorists, but also in lost revenue for insurance companies. Their strategy is to raise prices to fill the void.

Not all insurers are affected by the increase

The increase seems inevitable for some insurance companies. However, other insurers (such as Matmut or MACSF) have decided not to apply it. A decision that will certainly arouse the interest of motorists and encourage them to migrate to this company. Especially since with the Hamon law, they will be able to do so at any time and at their sole discretion. They will just need to be affiliated with the company for more than a year.

For all motorists, now is the time to shop around and review your car insurance contract. As usual, it is best to make a comparison and choose the offer with the best benefits.

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