The increase in the cost of living in all expenses has some drivers wondering whether they will keep their car insurance, which is mandatory for driving.
The government is constantly launching “shields” to protect as many French people as possible from inflation, but it will not be able to prevent it. It naturally hits motorists hard, who suffer both from the increase in fuel prices, but also for spare parts and repairs, the price of new or even fixed costs such as insurance premiums. Bruno le Maire has also very recently announced an “insurance shield”, but this may not be enough for a certain number of French people who have a much more radical solution in mind…
Also read: And if that was the end of the car insurance sticker?
Driving without insurance to save
In France, it is estimated that more than 800,000 drivers drive without insurance. With inflation, this number could increase in the coming months. At least that’s what appears from the survey conducted by the “neo-insurer” Leocare, founded in 2017. Of the 2,000 people surveyed by the survey, 27% of them, or more than a quarter, would be ready to choose radical solutions to reduce insurance costs :”part with their vehicle, move to pay less for their insurance or even not pay it at all“. And this figure rises to 36% for 18-34 year olds, who are most exposed to the cost of living.
Even worse, 9% claim to be “absolutely” ready to “no longer be insured” to save money, and 18% “if the savings achieved were really significant”! Obviously, the budget comes first. Remember that in the event of an accident involving an uninsured person, it is the car guarantee fund that takes over. But this is financed, among other things, by the insured, who must therefore cover the costs of all these drivers without insurance.