An average of 10.3 percent on it
You may have already received a disappointing message from your insurer about your car insurance premium. In many cases it has risen considerably. With three car brands you are screwed above average.
Car insurance premiums keep going up and unfortunately it happened again last year. Earlier this month it emerged that there would be an average premium increase of around €60 per year in 2023, almost 8 percent. Comparison site Independent is seeing an even greater increase compared to a year ago, namely an average of 10.7 percent, about €109 per year. For the simplest insurance, third party liability insurance, there is even an average increase of 12.5 percent.
It is striking that there are some car brands where the average premium increase is above the overall average. In terms of premium increases, Volkswagen takes the cake among the most popular car brands. Insurance premiums for Volkswagens have increased by 13.3 percent. This is followed by Volvo with an increase of 12.6 percent and BMW with an increase of 12.2 percent. Other popular car brands remain below the average increase of 10.7 percent. By the way, BMW drivers are actually worse off than Volkswagen drivers, because their premium has risen faster in absolute terms, by €168.20 per year compared to €150.90 per year for Volkswagens.
Premium increase for ten most popular car brands
| 1 | Volkswagen | +13.3% | + €150.90 per year |
|---|---|---|---|
| 2 | Volvo | +12.6% | + €127.30 per year |
| 3 | BMW | +12.2% | + €168.20 per year |
| 4 | Toyota | +9.6% | + €74.60 per year |
| 5 | Ford | +9.1% | + €73.10 per year |
| 6 | Opel | +7.7% | + €67 per year |
| 7 | Renault | +7.7% | + €59.10 per year |
| 8 | Fiat | +7.6% | + €61.40 per year |
| 9 | Lemon | +7.0% | + €53.20 per year |
| 10 | Peugeot | +5.8% |
Source: Independent
According to car insurance expert Menno Dijcks of Independer, the fact that premiums are rising is easily explained: “Repairs have not become cheaper in the past year. Consider rising labor costs and parts required for repairs. All these factors have an effect on the premium level. In addition, the roads are busier, which means there are relatively more accidents.” The differences per car brand also logically have something to do with this. For example, parts or repairs for a certain brand may have become above-average more expensive, but also if relatively more accidents occur with a certain brand, this can have an effect on the premiums for cars. of that brand.
– Thanks for information from Autoweek.nl