The year 2023 is likely to be marked by a rise in car insurance prices due to the accumulation of economic factors. In this context, how to find the cheapest auto insurance? What are the rates charged in 2023? All the answers.
How to explain the rise in the price of auto insurance contracts?
Several elements can justify an increase in the price of car insurance such as taxes imposed on insurers, the FFB index of the cost of construction or even inflation. For 2022, the firm Facts & Figures specializing in insurance and social protection in Europe predicted an increase in the price of car insurance of between 0.5 and 1%. Its forecasts for 2023 are more worrying. Indeed, car insurance rates could increase by 3 to 5%.
Through their rate increases, insurers seek to compensate for the increase in the cost of claims. Added to this is the increase in the cost of labor and spare parts. For example, the price of a windshield increased by 8% in 2022 compared to the previous year and that of a bumper by 6.8% over the same period. In addition, the share of registrations of vehicles whose repair is more expensive is progressing and electronic components are increasingly present in recent vehicles, which requires special expertise.
What are the criteria to consider when choosing cheap car insurance?
Are you planning to take out or change auto insurance in 2023? Here are the criteria to consider in order to benefit from coverage combining extended warranties and attractive rates:
Your profile
The driver's profile is one of the main criteria for determining the price of car insurance. There are four types of motorist profiles: young drivers, impaired drivers, terminated drivers, experienced drivers.
Depending on your profile, you may have more or less difficulty finding cheap car insurance in 2023 . To reduce the amount of your premium, do not hesitate to play on certain factors. For example, if you agree to drive less than 8000 km per year, you can benefit from a premium reduction of 10% on average from several insurers. Similarly, by insuring your second vehicle with the same insurance company, you can negotiate a better rate.
Your vehicle
The characteristics of the car to be insured also play an important role in determining the auto insurance rate. If you own a powerful or valuable vehicle, this will affect your premium amount. In general, the insurer relies on the following criteria to make a tariff proposal: the age of the vehicle, the brand, the model, the power, the frequency of use, the annual mileage.
To benefit from a more advantageous rate, it is preferable to have a vehicle over 10 years old or to turn to third-party car insurance. As a reminder, this formula makes it possible to meet the legal obligation and corresponds to the minimum level of protection. It covers claims and material or bodily injury caused to others by the insured's car.
Your contract
The third point on which you can play to get the best car insurance in 2023 is your contract and more specifically your guarantees. The more of these, the higher the price.
Beyond the guarantees, special attention must be paid to the deductible, which corresponds to the amount not reimbursed by the insurer in the event of a claim. The amount of the deductibles is freely set by the insurance companies and is part of the negotiable elements.
The best car insurance contracts in 2023
Here is an overview of the cheapest car insurance contracts in 2023:
1 – Leocare car insurance
Leocare car insurance is offered from 6.63 euros per month. This price includes civil liability, criminal defense and recourse following an accident, driver protection guarantee and 0 km assistance. The Third Party + formula is available from 11.42 euros per month and the All Risks formula from 14.87 euros per month.
2 – Flitter car insurance
Flitter is a simple and transparent car insurance per kilometer allowing its policyholders to save an average of 250 euros per year. Several formulas are offered: the Third Party formula, the Comfort formula and the All Risks formula. Each contract can be personalized to benefit from tailor-made protection.
3 – Direct Insurance car insurance
Direct Assurance has created 4 auto insurance formulas to meet the needs of motorists: the Tiers Mini formula, the Tiers Essentiel formula, the Tiers Maxi formula, the All Risks formula. The third-party formula is offered from 16.50 euros per month.
4 – CrΓ©dit Agricole car insurance
CrΓ©dit Agricole car insurance provides essential guarantees from the third-party formula and different levels of protection: body protection for the driver, Third-party and All-risk formulas that can be personalized, specific benefits that reward good drivers. It takes about 24 euros per month for the least protective formula.
You now know the cheapest car insurance contracts in 2023 . To get quick quotes online, do not hesitate to use a comparator. This free and non-binding tool can be used simply by completing a form relating to your profile and the vehicle to be insured.
If you want to be accompanied throughout your research, you can call on a broker specializing in auto insurance. After having studied your profile, this professional will compete with his network of partners and will offer you advantageous offers. Requesting their services does not commit you to anything. You remain free to subscribe or not to the proposed offers. To put the odds on your side, consider anticipating the subscription to this contract.
How to explain the rise in the price of auto insurance contracts?
Several elements can justify an increase in the price of car insurance such as taxes imposed on insurers, the FFB index of the cost of construction or even inflation. For 2022, the firm Facts & Figures specializing in insurance and social protection in Europe predicted an increase in the price of car insurance of between 0.5 and 1%. Its forecasts for 2023 are more worrying. Indeed, car insurance rates could increase by 3 to 5%.
Through their rate increases, insurers seek to compensate for the increase in the cost of claims. Added to this is the increase in the cost of labor and spare parts. For example, the price of a windshield increased by 8% in 2022 compared to the previous year and that of a bumper by 6.8% over the same period. In addition, the share of registrations of vehicles whose repair is more expensive is progressing and electronic components are increasingly present in recent vehicles, which requires special expertise.
What are the criteria to consider when choosing cheap car insurance?
Are you planning to take out or change auto insurance in 2023? Here are the criteria to consider in order to benefit from coverage combining extended warranties and attractive rates:
Your profile
The driver's profile is one of the main criteria for determining the price of car insurance. There are four types of motorist profiles: young drivers, impaired drivers, terminated drivers, experienced drivers.
Depending on your profile, you may have more or less difficulty finding cheap car insurance in 2023 . To reduce the amount of your premium, do not hesitate to play on certain factors. For example, if you agree to drive less than 8000 km per year, you can benefit from a premium reduction of 10% on average from several insurers. Similarly, by insuring your second vehicle with the same insurance company, you can negotiate a better rate.
Your vehicle
The characteristics of the car to be insured also play an important role in determining the auto insurance rate. If you own a powerful or valuable vehicle, this will affect your premium amount. In general, the insurer relies on the following criteria to make a tariff proposal: the age of the vehicle, the brand, the model, the power, the frequency of use, the annual mileage.
To benefit from a more advantageous rate, it is preferable to have a vehicle over 10 years old or to turn to third-party car insurance. As a reminder, this formula makes it possible to meet the legal obligation and corresponds to the minimum level of protection. It covers claims and material or bodily injury caused to others by the insured's car.
Your contract
The third point on which you can play to get the best car insurance in 2023 is your contract and more specifically your guarantees. The more of these, the higher the price.
Beyond the guarantees, special attention must be paid to the deductible, which corresponds to the amount not reimbursed by the insurer in the event of a claim. The amount of the deductibles is freely set by the insurance companies and is part of the negotiable elements.
The best car insurance contracts in 2023
Here is an overview of the cheapest car insurance contracts in 2023:
1 – Leocare car insurance
Leocare car insurance is offered from 6.63 euros per month. This price includes civil liability, criminal defense and recourse following an accident, driver protection guarantee and 0 km assistance. The Third Party + formula is available from 11.42 euros per month and the All Risks formula from 14.87 euros per month.
2 – Flitter car insurance
Flitter is a simple and transparent car insurance per kilometer allowing its policyholders to save an average of 250 euros per year. Several formulas are offered: the Third Party formula, the Comfort formula and the All Risks formula. Each contract can be personalized to benefit from tailor-made protection.
3 – Direct Insurance car insurance
Direct Assurance has created 4 auto insurance formulas to meet the needs of motorists: the Tiers Mini formula, the Tiers Essentiel formula, the Tiers Maxi formula, the All Risks formula. The third-party formula is offered from 16.50 euros per month.
4 – CrΓ©dit Agricole car insurance
CrΓ©dit Agricole car insurance provides essential guarantees from the third-party formula and different levels of protection: body protection for the driver, Third-party and All-risk formulas that can be personalized, specific benefits that reward good drivers. It takes about 24 euros per month for the least protective formula.
You now know the cheapest car insurance contracts in 2023 . To get quick quotes online, do not hesitate to use a comparator. This free and non-binding tool can be used simply by completing a form relating to your profile and the vehicle to be insured.
If you want to be accompanied throughout your research, you can call on a broker specializing in auto insurance. After having studied your profile, this professional will compete with his network of partners and will offer you advantageous offers. Requesting their services does not commit you to anything. You remain free to subscribe or not to the proposed offers. To put the odds on your side, consider anticipating the subscription to this contract.
