top cx logo
cx logo
Explorearrow down
search icon

Insurance costs set to rise

Costs of insurance will see a hike next year, especially on home and health, consultants say

INSURANCE policies are set to rise again in 2012, following a hike earlier this year, says insurance industry consultants Facts & Figures.

All the main kinds of personal insurance are likely to be affected, says the firm, which investigates trends across Europe.

Health policies are likely to be worst hit, it says - they could rise an average 5-10%, partly due to the government’s extra tax, but also an aging population and an increasing trend of some medicines having their reimbursements cut or reduced.

Home insurance will also rise as insurers are said to feel many policy prices are too low compared to the cost of risks.

Rises in car insurance are also expected.

Aside from other reasons the increases are likely due to the rocky financial markets this year and low interest rates, which have reduced the income insurance firms make on investing customers’ money.

Resident or second-home owner in France?
Benefit from our daily digest of headlines and how-to's to help you make the most of life in France
By joining the newsletter, you agree to our Terms & Conditions and Privacy Policy
See more popular articles
The Connexion Help Guides
featured helpguide
Healthcare in France*
Featured Help Guide
- Understand the French healthcare system, how you access it and how you are reimbursed - Useful if you are new to the French healthcare system or want a more in-depth understanding - Reader question and answer section Aimed at non-French nationals living here, the guide gives an overview of what you are (and are not) covered for. There is also information for second-home owners and regular visitors.
Get news, views and information from France