Group purchase to get discounts: There is the concept for energy, telephony, supplementary health insurance or even home insurance. Now you can for car and motorcycle insurance reports The Parisian. A national group shopping service has been offered since Thursday by the online comparison shop Selectra, in partnership with the Families of France association. A first in France in this sector.
Vehicle insurance is a major expense item for the French. It costs an average of 640 euros a year for motorists and 500 euros for motorcyclists. And the prices tend to go up. “It has increased by 16% in ten years, in the high average of inflation,” explained Luka Payras, director of Selectra’s finance and insurance department, to the newspaper. In 2023 the increase should not exceed 3% on average, like this year.
No upfront costs and no commitments
People interested in this group purchase have three months to pre-register on the Selectra website. There are no upfront costs and no commitments. Selectra seeks to mobilize a maximum of subscribers to have weight against the insurers. The tender will be launched next February and the final choice of insurer will be made in March. Subscriptions can then begin.
“We will see what companies can offer better in terms of price, guarantee and quality of service”, indicates Luka Payras who specifies that the offer must correspond to “a maximum of profiles”.
In 2021, Selectra and Families of France launched a group purchase for home insurance. Nearly 15,000 people had pre-registered and eventually 1,700 joined the Assurtech offer. The start-up offered three free months of contributions in exchange for a one-year commitment, equal to a 25% discount on the first year’s price. Luka Payras hopes to do even better for auto insurance.
