Magazine date:
Mar 2010 After a first increase of 4.5%, insurers are considering a sharp increase of motor insurance tariffs amounting to 7.5% in average as of next month. The passage from a fixed-rate premium to a system authorizing a bonus in the absence of accident will enable good motorists to pay half of the premiums. The first accident-free year will result in a 20% bonus. Each damage-free coming year will allow for an additional 10% reduction with a maximum of 50%. These new provisions will be in place as of March 1, 2010. This shift in the tariff policy is accounted for by the growing rise of the loss experience of private vehicles during these recent 10 years.