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.

Car insurance: increases to be expected in 2017

We are now only days away from 2017. While this is good news for everyone, it is not good news for drivers. Indeed, as every year, you should expect a change in the pricing of your car insurance. And for 2017, increases are likely. Focus on this topic!

An upward trend is confirmed

Car insurance will increase! Although this was not entirely certain some time ago, the trend is now gradually being confirmed. For next year, we can expect an increase in the rates charged by the various insurance companies. At this time, it is not known how much the increase will be. However, according to the calculations made by
Fact & Figures
the increase could be 1.5%. This is significantly higher compared to 2015 when rates only increased by 0.64%. Such an increase would be related to the fact that car insurance is not at all profitable. A fact that would be explained by the lack of improvement in the road safety figures.

How to get the best car insurance?

While it is now certain that car insurance rates are going to be on the rise, you need to start looking for ways to get the best deal. The best thing to do is to play on the competition. In fact, policyholders have a better way to do this. We are talking about the Hamon law which offers them more flexible conditions for the cancellation of their car insurance contract. Nevertheless, there are limits to this and it is important to take them into account.

In addition, it is also recommended to compare the offers proposed by the different insurance companies. To do this, you don’t need to go around to all the companies. There are online tools that allow you to quickly compare car insurance quotes and find the best one. Finally, if you’re planning to buy a new car, look for a model that can afford a low insurance premium.



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