The Assurland Association of Insurers has released a study detailing insurance prices across Europe, a topic that draws practical interest for drivers and policymakers alike. In European markets, the auto liability contract is commonly referred to as OSAGO Green Card, a name that mirrors the standard car liability coverage familiar to many residents and visitors. The report provides a clear snapshot of how pricing has evolved and what factors are shaping the cost of protection on the road.
The study notes that today the average cost of car insurance in Europe sits around 630 euros, edging up from 611 euros the previous year. This uptick reflects a confluence of pressures, including rising inflation, higher costs for spare parts and repairs, and even shifts in work patterns that influence travel frequency and exposure to risk. The combination of these elements helps explain why premiums are nudging higher across many markets.
In addition to economic factors, natural disasters have played a role in elevating insurance costs. Floods, hail, and heat waves have increased the frequency and severity of claims, contributing to substantial losses. The report documents damages affecting roughly 340,000 vehicles in 2022, with overall costs surpassing one billion euros. These events underscore the importance of actuarial modeling that accounts for climate-related risks when setting premiums and maintaining solvent insurance pools.
Regional variations are pronounced. The highest average premiums are reported in Ile-de-France, France, where the yearly cost has climbed to about 745 euros. In contrast, Brittany shows notably lower figures, around 500 euros annually. Coastal regions along the Atlantic corridor also display more favorable pricing, reflecting different risk profiles and claim histories across geographies.
Age clearly influences premium levels. Young drivers aged 18 to 25 pay an average of about 1,255 euros, while more mature drivers aged 56 to 65 report averages near 450 euros. These patterns highlight the persistent impact of driving experience, risk exposure, and demographic factors on how insurers price coverage.
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