Since June 2022, it is possible to cancel your insurance contract at any time. The result is substantial savings for customers, on average between 5,000 and 10,000 euros.
The number of terminations increased dramatically from 100,000 to 180,000 between 2021 and the first half of 2023, according to the CCSF. “A customer has just made 34,000 euro in savings,” says Agnès, a French insurance broker. The law is a breath of fresh air in these times of inflation and high cost of living.