Why the price of car and home insurance will increase on July 1 – 06/26/2024 at 12:10 p.m.

Why the price of car and home insurance will increase on July 1 – 06/26/2024 at 12:10 p.m.
Why the price of car and home insurance will increase on July 1 – 06/26/2024 at 12:10 p.m.

The “attack” tax will increase from 5.90 euros to 6.50 euros per year in July 2024. (illustration) (Pexels)

The “attack” tax will increase further on July 1, going from 5.90 euros to 6.50 euros per year. Collected from car and home insurance, it is used to finance the Guarantee Fund for Victims of Acts of Terrorism and Other Offenses (FGTI).

Sixty cents. This is the amount of the increase on July 1st of the tax used to finance the Guarantee Fund for Victims of Acts of Terrorism and Other Offenses (FGTI), reports

The Parisian

. This tax, levied on all car or home insurance contracts, will amount to 6.50 euros per year compared to 5.90 euros currently.

In 2023, this tax brought in 580 million euros. Its increase should make it possible to raise an additional 60 million euros. In 2016, it had already increased from 3.30 euros to 4.30 euros before being increased to 5.90 euros the following year.

A largely deficit fund

The fund set up in 1986 presented a deficit of more than 5 billion euros at the end of 2022. A precarious financial situation in particular due to the expansion of the missions of the FGTI which does not simply compensate victims of attacks. Common law offenses (homicide, rape and sexual assault) also fall within its scope.

Since the fall of 2023 and the adoption of the justice orientation and programming law, the fund also has the mission of compensating victims of domestic violence and minors, specifies

The Parisian

. Even certain owners confronted with squatters can contact the Commission for Compensation for Crime Victims (Civi).

These new attributions partly explain the deficit of the FGTI. The increase in the “attack” tax aims to reduce it.

-

-

PREV Angèle, more chic than ever in overalls at the Chanel haute couture fall-winter 2024-2025 show
NEXT EURO 2024. Atmosphere, giant screens in the bars… Where to see the French team’s matches in Montpellier?