You’ve probably noticed if you own a car or even if you don’t have one, things have gotten a lot more expensive. Of course, the price of fuel, but also the price of repairs, maintenance, customs and even spare parts. In short, owning your own vehicle is very expensive, and unfortunately, it’s not set to get any better. Even buying a new car is getting harder, as prices rise. So service it and drive it, let’s not talk about it. And there is one aspect that makes motorists complain. This is, of course, mandatory insurance, we remind you.

Car collisions happen more often than you think, and they often happen during your daily commute. It is important to know how to react. #Hang up #Auto insurance pic.twitter.com/n762b413p4

— C Insurance (@ClAssurance) July 6, 2022

Rising price

However, and this is rather strange, the amount of premiums increased very slightly during the previous year. Prices remained relatively stable, to the delight of drivers. This is explained by the fact that last year, namely 2021, was still under the influence of confinement. Therefore, there were fewer accidents and therefore less compensation. But this has passed, and the amount of premiums should start to increase again. But this is not the only reason. Since in addition to the increase in lawsuits and prices for spare partsanother aspect plays an important role. We explain to you.

Electricity is to blame for this

Indeed, if your car insurance will cost more, it is also because of development electric cars. They are indeed more expensive to buy, but also more expensive to repair. And it is impossible for insurance companies to have the opportunity to reduce their shortage. According to consulting firm Capgemini, the amount of premiums should double by 2030. An alarming increase that should punish many motorists who are increasingly tempted to drive without insurance. Which, of course, is strictly prohibited by law.