Car and home insurance premiums set to soar this year

The Netherlands' second favourite car. Photo:
Cars will be more expensive to run. Photo:

Insurance premiums will go up across the board this year, with insurance for cars and homes showing the steepest rise, calculations form insurance comparison site Independer have shown.

The higher premiums are a result of higher energy prices, repair costs and wage increases.

The biggest jumps are in home insurance and car insurance. Car insurance premiums will rise by over 10%, Menno Dijcks of Independer told the AD. Last year car owners paid an average €821 while this year’s premium will average €912.

House insurance premiums will go up by an average 15% this year from a yearly premium of €240 last year, Independer said. ‘Everything is getting more expensive and that is immediately translated into higher premiums,’ Dijcks told the paper.

Health care premiums have already gone up and a basic package now costs €138, a hike of €10 on last year. The government’s macro-economic policy unit CPB estimated that health premiums will go up to €175 over the next five years.

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