Home insurance prices will soar in 2023. (illustration) (Pixabay / PhotoMIX-Company)
While home insurance premiums were expected to increase by around 3% in 2023, they eventually jumped an additional two points, according to Assurland.com. Insurers have passed on to customers the increase in burglaries and weather claims.
The increase in multi-risk home insurance premiums will be higher than expected in 2023, according to Assurland.com. Initially, the comparator had envisaged an increase ranging from 3 to 3.5%. But after correction, it will exceed 5%, relays
The Parisian
. In one year, the average price of home insurance has gone from 216 euros to 227 euros.
Between the first half of 2022 and the first half of 2023, prices increased in all regions except Ile-de-France where they stabilized (-0.25%). Ile-de-France residents thus pay their contribution on average 241 euros. It is cheaper than in Occitania where the insured must pay 251 euros for their accommodation, an increase of 8.15%. These are a few euros more than in Provence-Alpes-Côte d’Azur (249 euros, +3.29%).
The biggest increases in the west of France
The largest increases are visible in western France. In Brittany, the contribution increased by 10.68% and by 10.39% in Pays de la Loire. But the amount of contracts remains below the national average. The Bretons pay for their insurance 189 euros and their neighbors 198 euros. The Normans pay a little less (197 euros, + 3.53%). The increase is also sustained in Bourgogne Franche-Comté (+ 8.62%, 204 euros).
The reason for this general increase? The spectacular upsurge in burglaries, points
The Parisian
. Between 2021 and 2022, across the country, they increased by an average of 11%, according to INSEE figures.
“In Brittany, they even jumped by 41%!
says Olivier Moustacakis, co-founder of Assurland.com.
And 21% in Pays de la Loire. This inevitably affects the premiums in these regions ”.
More increases to come
Last year’s climatic losses, estimated at 10 billion euros, also weigh on 2023 contributions. The numerous violent storms in May and June, as well as the earthquake which hit the west of France on June won’t fix anything. The cost of this single event is estimated between 200 and 350 million euros by the Central Reinsurance Fund (CCR).
Between 2010 and 2022, the increase in multi-risk home insurance premiums reached 38%. The projections for 2050 are frightening. Premiums should increase by 130 to 200% to absorb the costs of claims related to natural disasters, according to the Prudential Control and Resolution Authority (ACPR), the banking and insurance supervisory body.
2023-07-05 11:38:35
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