The French budget for their car insurance in 2020
According to figures from
LeLynx.fr
auto insurance
for the year 2020, the French spent an average of
650 € [1]
, all formulas combined, an increase of + 2.8% compared to 2019. In concrete terms, households therefore paid € 18 more per year for their contributions. If we look a little further, since 2015, we see that auto insurance premiums have increased by + 13%.
According to various estimates for 2021, this amount could even increase once again depending on
changes in car insurance premiums
.
These increases would then be between
+1.5 and 2% [2]
this year
.
A hard blow for French households when this coverage is compulsory.
Indeed, the law requires to take out insurance for all land motor vehicles, whether they are running or not.
Regional disparities
This rate also varies greatly depending on the geographic area, and all regions are not in the same boat.
Indeed, the gap is widening and reaches
183 € between the
cheapest region, Brittany (538 €), and the most expensive region, Île-de-France (721 €).
Average budget invested in auto insurance in 2020 by region LeLynx.fr
The most expensive regions
Once again this year,
Île-de-France remains the most expensive region to insure your vehicle
with an average premium of € 721 / year.
The main reasons for this trend are a cost of repairs more expensive than elsewhere and a high accident rate.
Indeed, the region alone accounts for 9% of road deaths, 30% of injuries and 32% of bodily accidents in France [3].
For the rest of the podium, we find, as in the previous year, the Provence-Alpes-Côte-d'Azur regions, with a premium of € 713 / year and Auvergne-Rhône-Alpes, at € 655 / year.
The cheapest regions
On the other hand, being a driver in
Brittany is a godsend, since car insurance is once again the cheapest there
.
On average, policyholders pay € 538 / year there.
The regions of western France are also the best off on the subject since the podium is completed by Pays-de-la-Loire (563 € / year) and Nouvelle-Aquitaine (583 € / year) .
How to explain these disparities?
Auto insurance premiums are variable because their method of calculation depends on several elements taken into account by insurers and in particular:
The
driver's profile
: his characteristics (age, date of driving license, professional situation, etc.), his driving history (claims, offenses, withdrawals of points or licenses, etc.), his use of the vehicle (mode of parking, the journeys made, the presence or not of a second driver, etc.), his bonus-malus;
The
characteristics of the vehicle to be insured
: its make, model, purchase price, etc.;
The
level of guarantee chosen
: third-party, intermediary or all-risk formula as well as any additional options taken out and the associated deductibles.
In addition, other external elements can also affect the amount of the auto insurance premium.
Traditionally, insurers highlight the increase in the cost of repairs and the selling price of spare parts to explain the fact that vehicles are increasingly better equipped and sophisticated, hence more expensive repairs in the event of a claim.
In addition, it should be remembered that
insurers also finance part of the Guarantee Fund for Compulsory Insurance
(FGAO) through a levy on the contributions of their policyholders.
Each year, this Fund makes it possible to compensate more and more victims of road accidents caused by people without insurance.
How to reduce your budget allocated to auto insurance?
However, this is not inevitable.
Several elements can help the French to lower the cost of their car insurance and thus reduce their expenses.
Thus, it is possible to opt for
third party insurance for vehicles over 5 years old
, the legal minimum in order to make significant savings.
However, you should know that this formula will only cover damage caused to a third party but never those caused to yourself.
Some specific offers can also save you money depending on your driving habits.
For small riders, insurance per kilometer
is interesting since invoicing is only carried out over the distances that you cover after agreement with the insurer on the contract. The installation of a box in the vehicle can thus be requested.
Using an
auto insurance comparator
is also a quick and easy way to save money.
You just have to fill in some information then choose an insurer and you're done.
You can
save up to € 298 [4]
by making a
personalized auto insurance quote
on LeLynx.fr, free of charge and in just a few minutes.
[1] Results obtained on a sample of 876,955 auto insurance premiums clicked by LeLynx.fr users over the period from 01/01/2020 to 12/15/2020.
[2] Source: Facts & Figures firm: assumptions of average price increases in 2021 by Car and Home insurers
[3] Report on accidents for the year 2019 - National interministerial road safety observatory
[4] Maximum potential savings for 76% of a sample of 1314 people questioned who compared car insurance offers on the Lelynx.fr site between October 21, 2020 and November 10, 2020
