What are the rates for auto insurance in 2021? Prices are expected increase 1.5 to 2.2% despite claims falling and a lack of containment in 2020.
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Update 2022: How much will the auto insurance premium rise in 2022?
Despite claims dropping and insurance prices rising slightly, auto insurance prices are expected increase slightly. According to the Argus Insurance, 75% fewer car thefts occurred during the period March 17 through May 11, 2020. This dramatic fall was offset by an increase in post-containment accidentsology: August 2020 saw 2% more incidents than the same period in 2021.
Insurers have two perspectives on this reality:
- The 2021 freeze in auto insurance rates is compared to 2020.
- These tariffs are on the rise.
The 2021 freeze of auto insurance rates
Some auto insurance companies have announced that they will be freezing their contributions for 2021
- Matmut announced in April 2020 that the premiums for 2020-2021 would be frozen. This does not apply to insured people who had a contract before April 1, 2021. It applies to formulas that are intended for cars or two-wheelers (motorcycles and scooters).)
- MAIF announced that it would do the exact same thing for its 2021 rates in September 2020. This affects 3.6 Million insured vehicles.
- AGPM announced December 2020 that it would be freezing its tariffs.
- Crédit Mutuel du Sud-Ouest and Brittany of the Arkea group announced in December 2020 the freezing of 2021 auto insurance prices.
Commercial gestures regarding auto insurance rates in 2021
The auto insurers’ 2021 commercial gestures
- GMF offers € 40 to customers with a bonus greater than 0.50.
- MAA reverses the unused kilometer package.
- La Mutuelle de Poitiers offers 2% off the 2020 contribution
- Aréas Assurances redistributes € 50 to their customers
What price rise will there be for auto insurance in 2021?
According to Facts & Figures, a strategy consulting firm and management specializing in insurance, auto insurance rates are expected to increase by 1.5 to 2% in 2021. This is despite the fact that claim loss fell by almost 80 percent during containment. What were the causes? Car repair costs that increased with prices for spare parts rising + 6.2% during the first quarter 2021. The arrival of cleaner vehicles that are more expensive to repair.
How to Save on Auto Insurance in 2021
There are many ways to save money on your car insurance in 2021, and you can also anticipate rate increases.
Review your guarantees
To offset the 2021 price rises, it’s time for you to review your auto insurance policies. If your vehicle is more then three or four years old, you may need extended third-party coverage, especially if the vehicle is not used often. You should choose a broad coverage that includes the guarantee of broken ice and theft, vandalism or fire, as well as assistance and body guarantee for the driver. You can expect savings of 10 to 15% depending on the insurers.
Participate in the competition
Your insurer has not announced a freeze in auto insurance premiums. Wait for your statement to arrive or call for contributions to view the increase. This document is typically sent two months before the renewal date of your contract. It may be a better idea to find another provider if the price has risen. However, you should note that the price rise could also be due to other factors like a responsible claim (therefore a fine) or the subscription for additional options.
Use our comparator to find new auto insurance. In just a few seconds, you can get different rates that match your needs.
Use Hamon law to change auto insurers
Your auto contract has been terminated due to a change in insurers. If your contract is older than one year, you can cancel it at any point by giving one month notice. Your former insurer will reimburse the amount of the remaining months if your contributions have been paid for the year.
You can choose a small package of rollers
Do you drive less than 5,000 to 15,000 km per year? A small roll contract is cheaper than traditional auto insurance. You can save anywhere from 5 to 40% on average, which is more than the price increase. You can choose the right package provided you do not exceed the mileage included. Otherwise, you will have to cancel your contract without any reductions.
Connected auto insurance is available
Pay how you drive insurance, also known as self-connected insurance, rewards good driving habits. It works because a box analyzes your data, including speed, vehicle behavior, turn behavior, and gear flow. You can save up to 50% by being cautious.
Go to the electric vehicle
It is generally cheaper to insure electric vehicles than thermal cars. The reason? They travel less and have lower acceleration and speed than a gasoline or diesel-powered car. They are therefore less likely to cause accidents.
Swap your new vehicle with a used one
You have a brand new vehicle that is expensive to insure. You can sell your car to avoid rate increases and have a higher contribution. Buy a used car. It is possible to insure it in extended third instead of all risks. Experts predict that the premium will be less because the car’s value will be lower. This indicator is used by your insurer to determine how much you will be paid if your vehicle becomes unfit. It is based on several elements such as the Argus Rating or the average price for cars of the same brand and displacement in the second-hand marketplace.
Increase certain franchises
The higher your deductible, the more expensive your car insurance will be. It is possible to increase your deductible for minor guarantees, such as broken ice. These types of claims are usually inexpensive: shine on windshield, scratches on rear view mirror.
Our comparator will help you find auto insurance at the lowest price in 2021. We compare dozens auto insurance policies and you can get your rate within 3 minutes.