Car insurance sharply more expensive

Car insurance policies have become significantly more expensive in the last 18 months. This is according to research by financial comparison site Money.co.uk. In June 2022, the average Dutchman paid over 81 euros per month for his car insurance. That has increased by 9 per cent to almost 89 euros in 2024. This means the average Dutchman will pay 88 euros more on an annual basis in 2024 than a year and a half ago.

Premiums rise due to inflation and high crime rate

"That premiums are rising so fast is mainly due to inflation. In 2022, many products nationwide became more expensive. This applies not only to cars, but also to their repairs. As a result, insurers have to pay more for car damage, resulting in higher premiums," says Amanda Bulthuis, money & insurance expert at Geld.nl.

In addition, rising crime also plays a major role in the increase. For instance, in 2022 and 2023, there were significantly more cars stolen and a relatively high number of car fires. "An increased likelihood of crime is a greater risk for insurers. This leads to you paying more for your car insurance," Bulthuis said. De Nederlandsche Bank's figures show that the claims burden for motor insurers is continuously increasing.

Difference between premiums of car insurers are large

Premiums between car insurers are still high. Research by financial comparison site Geld.nl shows that comparing car insurance can help you find the cheapest car insurance. According to their comparator, the difference between the average and the lowest premium for most motorists is 20 euros per month. That's 240 euros a year! So there is a good chance that you will come out cheaper with another car insurer.