The French wallet certainly didn’t need that. While it was already being undermined by the inflation that has affected the country for several years, bad news should further impact household purchasing power. In fact, the price of assurances will increase due to
taxwith a first effect from the July 1, 2024.
“Insurance is a CONTRACT : in return for the payment of a contributionalso called a premium, the insurer guarantees specific benefits to an individual, an association or a company in the event of the realization of a risque clearly identified in the contract.”, recalls the website of the Ministry of the Economy and Finance. And for goods like a car or a home, it is quite simply mandatory.
Insurance prices will increase because of this tax
THE contracts which did not yet have a tendency to decrease will increase again. A decree published last December noted the evolution of the amount of the
contribution compulsory to the Guarantee Fund for Victims of Acts of Terrorism and Other Offenses. This will therefore increase from 5.90 to 6.50 euros from July 1, an increase of 60 cents. The law thus provides
“the expansion of admissible offenses to the commission for compensation of victims of offenses.”
Sometimes called taxattack“, elle “is levied on all damage insurance contracts (civil liability and property insurance)”as the site reminds us Moneyvox who devoted an article to the subject. Created in 1986, the F.G.T.I. is used to compensate “THE victims attacks and common law offenses (homicide, rape and sexual assault, domestic violence, etc.).
crédit photo : Shutterstock An insurer draws up a car insurance contract
This is not the only increase that will impact insurance
The Support Service also depends on this fund.
recovery victims of crime. THE
HORN advances the sums allocated to the victim as part of damages. Then, he takes care of being reimbursed by the perpetrator. And the amounts are far from trivial. In total, in 2023, the FGTI paid 516,1
millions euros to more than 93,000 victims. To ensure financing and depending on the increase in files processed, this increase was decided.
But this is not the only bad news on the insurance side since another tax will also increase. “The contribution rate Cat Nat will pass to
January 1 of 2025, of 12 to 20%
on insurance contracts for damage to residential and professional property, and 6 to 9% on theft and fire guarantees on automobile contracts.”as indicated by the government.
The increase in this tax should represent 15 euros on insurance contracts
This contribution concerns, for its part,
natural disasters which are more and more numerous. It must be said that for several years, exceptional climatic phenomena have been occurring one after the other in France. Storms,
floodsbut also drought episodes have become frequent. And the damage on the habitations are becoming more and more expensive. However, the contributions have not changed for almost 25 years.
crédit photo : Shutterstock A village in the grip of floods
It is therefore essential to increase the amounts paid otherwise the risk of calling into question “the sustainability coverage of the Cat Nat scheme, in a context of need to adapt to climate change.”, according to the government. This represents an increase in the annual contribution of approximately 15 eurosas Franck Levallois assessed last December when he was still CEO of France Assureur.
