InsurLand alert on the increase in insurance for all sectors in 2025

In his press release of February 3, 2025, Assurland.com, leader in online insurance comparison, warns about a new increase in car, health and home insurance rates. In response to this increase, the website encourages policyholders to compare offers to better protect their purchasing power.

FACTS

• Insurland.com relies on the IPAP index and the analysis of 8 million rates collected to see an overall increase in insurance prices:

  • Home insurance increases by +10%

  • Car insurance increases by +6%

  • Health insurance increases by +5%

• Depending on the categories, this increase is due to the impact of natural disasters, the increase in repair costs (+9.5% in 2023), the sophistication of vehicles, the increase in thefts (+11% in 2024), the disintegration, the ageing of the population, the increase in the cost of medical technologies and the transfer of social security charges to the supplementary ones.

• In January 2025, AssurLand conducted a survey of 199 respondents:

  • 78% of insured persons see a tariff increase

  • 56% plan to compare offers

  • 20% want to renegotiate their contract

  • 12.5% could terminate their contract

  • 1/3 of insured persons are ready to reduce their guarantees

• Thus, AssurLand advises policyholders to compare offers in order to choose the most advantageous.

ISSUES

• Customer loyalty to competition: With 56% of policyholders considering comparing offers, and 12.5% considering termination, insurers risk a significant loss of customers if they do not adapt. InsurLand recommends comparing offers to find more attractive prices without reducing guarantees to preserve the purchasing power of the French.

• Adapt to regulations: The increase in CatNat overprimewhich finances natural disasters, was voted by the Government at the end of 2023. This regulation increases the premium rate from 12 to 20 per cent for all insured persons, even those living in low-risk areas.

PERSPECTIVE

• After a year of 2024 marked by price increases, many players are stepping up their efforts to adapt and attract new customers. This is particularly the case for Credit Mutuel and its Mobility Station or DirectAssurance with its offer You Drive.

• Since 1 January 2015, the entry into force of Hamon Law allows policyholders to terminate their auto, home and affinity insurance contracts at any time after a year of engagement, without charge or penalty. This trend forces insurers to adapt to maintain a balance between profitability and attractiveness.

Traduit automatiquement via Libretranslate / Automatically translated via Libretranslate