Why insurance prices vary by region

The Home insurance prices Depending on multiple criteria, especially the size and characteristics of the accommodation, the value of the goods covered, the age of the insured and their background … but lesser known is the price as well as the geographical location. Depends on! In fact, premiums can vary from one city to another, and from one area to another. How would you describe such a phenomenon?

How insurance premiums vary by region

If you live in the same household, in about the same home, and have similar guarantees, your premiums can vary significantly from region to region. It’s not a new phenomenon, but it’s a phenomenon that is relatively unknown to the general public.

according to Latest research Taking out home insurance for a typical 60-90 sqm apartment in France from comparable Assurland (issued in the summer of 2021) costs an average of € 180 per year. However, regional variations vary widely, with prices ranging from just € 137 in Brittany (the cheapest region) to € 233 in the Ile de France and the Provence-Alpes Cote d’Azur (the highest region).

The same changes can be seen on the side of individual homes. For a typical 90-130 square meter home, insurance costs start at € 207 per year in Brittany and reach € 302 in Provence-Alpes-Cote d’Azur. 320 euros for Île-de-France.

Such disparities can question and even resent residents in the areas most affected by additional premiums, but they still have undeniable legitimacy. In fact, all premiums are set according to the risk of loss, which has a significant impact on the amount paid monthly or yearly. The higher the risk, the higher the amount of insurance.

What is the reason for such price discrepancies?

However, the risk of disaster is not exactly the same from region to region. For example, in the Paris area, the risk of robbery and related damage when breaking, invading, or searching for furniture is much higher than in other areas, Assurland explains. So, of course, insurance companies charge higher premiums in this area where they are more likely to be victims of theft. In addition, real estate in Paris is more valued in the real estate market and incurs additional costs.

The same is true for the Provence-Alpes Cote d’Azur. It is a robbery area next to the Ile de France area. This is because there are many isolated villas and they are easy to prey. In addition, this coastal area is also one of the most “at risk” of claims caused, especially by natural disasters (fires, earthquakes, hail storms, floods, storms). This is why it is “licensed” by the insurance company.

According to, this increased risk of natural disasters will be measured in more detail. CatNat, A permanent observatory for natural disasters and risks. Therefore, almost two-thirds of the events recorded in the last two decades line up around the Mediterranean Sea from the mouth of the Garonne to the south of Lyon.

Conversely, the risk of robbery is much lower in Brittany. Similarly, the cool summers and mild winters prevent forest fires and hail storms. The risk of an earthquake is very low due to the lack of large faults, and the risk of flooding is not always greater than elsewhere. Therefore, a discount.

Other potential impacts of geographic areas

This identification of the risks inherent in each geographic area may also lead to what the insurance company offers to you. Guarantee that fits the risk category Depending on where you live, it’s best for you. For example, by promoting enhanced fire guarantees in areas known for severe wildfires. Or an extension of flood coverage in cities affected by frequent floods. While these extended warrantyes are useful, they still have the effect of raising insurance premiums …

Finally, geographic areas affect the probability of having a pool in your yard. Waterfall basins are often installed in southern homes, but this remains unusual for homes in the northern half of the country. If you are one of the lucky beneficiaries, the insurance company also recommends that when signing the contract, in addition to your home, protect the pool from the risk of vandalism or equipment theft. .. This can push up insurance costs!

(By the editorial staff of hREF agency)