It’s not yet confirmed, but it could become a reality in 2024. The price of home insurance could well increase next year. The reason for this is the increasing cost of losses linked to natural disasters for insurers. At a time when the damage is considerable in Pas-de-Calais following the floods that occurred at the beginning of November 2023, and where the multiplication of extreme weather events is expected due to climate change, the insurance federation calls for an increase in insurance premiums for the coming year. At the microphone of our colleague from franceinfo Fanny Guinochet, Florence Lustman, the president of France Insurersexplains that the French pay on average 25 euros per year for risks linked to climatic events in their home insurance, which is not enough to cover insurers’ expenses. It is the government which will be required to rule on this possible increase in the cost of home insurance, which could reach at least 6%. A difficult pill to swallow for the French, already very worried about their purchasing power, especially since the price of home insurance has already increased by 5% on average in 2023 according to our journalist colleague.
Achieving the ecological transition through taxes: the government’s strategy
Another key expenditure item for the French is likely to increase in 2024: transport. On Wednesday September 27, 2023, Bruno Le Maire confirmed thata new tax will target highways as well as large airports. This measure, aiming to bring in 600 million euros per year for the State, has already aroused the anger of motorway groups, including Vinci, the main motorway concessionaire in France, which has threatened to increase toll rates by 5%. If Bruno Le Maire, the Minister of Economy and Finance, assured that this would not have any impact on usersthe company threatened to take the matter to court, which makes the outcome uncertain for all French people.
Aerial side, the State does not provide for a tax on the plane tickets in 2024, but respects the right of airlines to freely set their prices, which risk increasing due to the tax on large airports, which should amount to 4.6% explains Capital. Another measure aimed at accelerating the ecological transition, according to the government: THE car penalty. This will increase in 2024. The weight tax will be triggered at 1.6 t compared to 1.8 t previously, specifies The Argusspecialized auto magazine. Concerning emissions, the trigger will increase from 123 to 118 g/km of CO2. For vehicles polluting up to 194 g/km of CO2 and more, the penalty will be 60,000 eurosthus making it really disadvantageous to own this type of car.