SUV, electric car … These vehicles whose car insurance price will explode in 2023

SUVs represented almost one in two new registrations in 2021. Problem, in the event of damage, their repair costs insurers a fortune. A risk that will affect owners from 2023.

They’re from more and more numerous in the French car fleet and their high cost tend to weigh down the finances of insurers. A situation that affects the level of the insurance premium. In 2023, the specialist firm Facts&Figures (F&F) expects an average increase of between 3 and 5% in current contracts. Most for SUVs and electric and hybrid vehicles, increases will be done with a higher intensity than for the rest of the vehicles.

F&F notes that the repair of an SUV (42% of new registrations in 2021), a hybrid or electric vehicle costs more than that of a conventional sedan and that its level of electronics is high. They are therefore a major risk for insurers. Thus spare parts such as windshields, the price of which jumped by 8% in 2022 compared to 2021, are more expensive, installation times are longer and the labor required to carry out repairs must be greater. qualified.

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The average price of front left mirrors (known as driver’s mirrors) increased by +7.7% in 2022 compared to 2021, with a drive of +11% respectively for SUVs. The average price of front bumpers increased by +6.8% in 2022 compared to 2021, with a drive of +10.5% for SUVs. That is a higher price of around 50% for SUVs which should be reflected in the contribution.

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The hourly cost is exploding, that of spare parts is increasing and, at the end of the chain, the bill for insurers (and individuals) also without the development of reused parts being able to reverse the trend. The price of spare parts shows an average increase of 10% against 2.2% in 2021 and that of repairs by 3.5% over the last twelve months, underlines the comparator Assurland for its part to justify an expected general increase in the premium annual car insurance between 2.5 and 3%.

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