In 2020 significantly fewer car claims were claimed from insurers. The reason is easy to guess: the corona pandemic and the lockdowns in the Netherlands. Yet most car insurers have not lowered their premiums, according to a study by the financial comparison site Geld.nl.
Fifteen car insurers
The comparison site approached a total of fifteen car insurers, eleven of which responded. This shows that almost all see that fewer claims were claimed in 2020 than in 2019. Especially in the months of March, April and May of 2020, fewer claims were made. That was during the first lockdown. After that, the number of claims increased again. The insurers were unwilling to give exact figures.
Damage amount decreases less sharply
Figures from De Nederlandsche Bank (DNB) show that, especially in the second quarter of 2020, the total claim amount was lower than in 2019. In the third quarter it rose again, to approximately the level of 2019. In the fourth quarter of 2020, DNB no figures yet.
Some premiums adjusted
However, the fact that fewer claims were made is no reason for most car insurers to lower the premium. Only Promovendum, ABN AMRO and Univé have adjusted the premiums. “Because less cars were driven, there was also less damage. As a result, Univé paid out fewer claims. Because Univé is a non-profit cooperative, we can therefore lower the car premium for most customers, ”says a Univé spokesperson.
Why not a lower premium?
The insurers that did not lower the premiums give various reasons for this. One reason is that the total amount per damage is still high and will increase even further in the future. In addition, insurers ING, Unigarant, Centraal Beheer and FBTO indicate that the number of claims in the corona period is only one of the factors that weigh in the premiums in the long term. These insurers consciously choose to keep premiums stable over the longer term. For example, they do not have to significantly increase the premiums immediately when the number of claims is higher, the spokespersons indicate.