Be careful, because car insurance prices are expected to rise sharply again next year. We explain everything to you.
When you have a car, insurance is absolutely obligatory as indicated by law.
Insurance on the rise
The latter makes it possible to cover at least the damage inflicted by the owner of the car on other people in the event of an accident. This is what we call third-party insurance. But there are also many other very different formulas. But you know, it is very expensive. And it risks being even worse next year. Indeed, while the latter ends with already worrying news regarding the cost of living, automobile insurance is added to the list of rising expenses for households. From January 1, 2025, significant increases in insurance premiums are expected, with forecasts estimated at around 6%, according to several industry experts. According to the Addactis consulting firman average increase of this order is to be expected across all motor insurance contracts from next year. In a recently published report, the firm emphasizes that this increase takes place in an economic context marked by general inflation.
A multi-factor increase
In particular, the rise in prices of automobile spare parts and the cost of labor. These forecasts are corroborated by other specialized firms, notably Facts & Figures, which also anticipates an increase in automobile insurance prices of around 4 to 6% for the year 2025. The latter, specialized in the analysis of insurance markets, notes that this upward trend has already been observed for several years, but that the coming year risks being marked by a more pronounced acceleration. , what is the explanation for this increase? In fact, the main explanation put forward by professionals in the sector is based on a general increase in costs linked to automobiles. used, or even labor costs in repair workshops, everything is becoming more expensive. This situation leads to an increase in compensation paid by insurers during claims, and therefore to increased pressure on their margins.
Experts believe that the rise in prices of raw materials and the shortage of certain spare parts are responsible for this increase.
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