The average price of home insurance continues to decline


The average price of home insurance has fallen by 17% in five years (illustration). (Pixabay/neshom)

The average price of home insurance fell by 2.5% in 2021. Over the past five years, the fall has been 17%. A phenomenon that can be explained both by the arrival of new digital insurance companies but also by the generalization of teleworking.

The price of home insurance continues to fall. After recording a decrease of 8.7% in 2020, this type of insurance fell by another 2.5% in 2021, as revealed by the 2022 home insurance barometer published by LeLynx.fr and quoted by


The echoes

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In total, over 5 years, the average price of home insurance has fallen by 17% to reach 153 euros per year last year.

“The drop reaches 30% for the simplest offers”

The first reason for this reduction in the cost of home insurance is the arrival on the market of neo-insurers who

“offer more competitive rates than traditional insurers. The drop reaches 30% for the simplest offers with basic guarantees”

explained Adeline Fortesa, commercial and product director at LeLynx.fr.

If their prices are competitive, it is in particular because these new players offer a 100% digital offer.

“Thanks to their development potential, they manage to raise significant funds, several hundred million euros. This also gives them the opportunity to practice these low rates »

added Adeline Fortesa, quoted by our colleagues.

Fewer burglaries

However, it must be borne in mind that with these insurers, it will be impossible to meet someone in person in the event of a claim. Likewise, these companies are more interesting for basic guarantees.

The other factor that explains the drop in the cost of home insurance is the health crisis and the development of telework.

“This phenomenon has in turn led to a drop in claims: more presence at home, therefore fewer burglaries […] The reinforced presence at home also allows for faster handling of claims such as water damage and fires, thus limiting their impact”

analyzed Adeline Fortesa.

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