More expensive repairs
- Building materials and labour
- Car parts and sensor technology
- Longer lead times, more replacement transport
- Higher costs of injury claims
Rising premiums and what you can do about them
Many households saw their premium rise without ever having made a claim. Below you can read where that increase comes from and what choices you actually have.
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Work out for yourself what it would cost.
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- We compare the offerings of several insurers
- An adviser checks whether the cover suits your situation
- We arrange the switch, including cancellation
A premium indication, not personal advice. Prefer to talk it through? Call 072 - 509 24 56.
- Independent advice
- Several insurers
- Switching arranged
- Help with claims
In brief
A premium is the price of a risk, and that price follows the cost of putting things right. Since 2024, three developments have pushed those costs up. The first is the cost of repair: building materials, labour, car parts and the electronics in modern vehicles have become more expensive, so that the same damage costs more than it did a few years ago. The second is the claims burden from the weather: storms, hail, extreme rainfall and heat lead to more and larger claims. The third is the indexation of sums insured, on which more below.
That indexation explains why your premium rises even though you have made no claim. With buildings and home contents insurance, the sum insured moves each year with an index for building and contents costs. A higher rebuild value automatically means a higher premium, because that sum is the basis for the calculation. That is not a disguised increase but a necessity: without indexation, underinsurance arises and less is paid out proportionately when there is a claim. The cost of reinsurance — the cover insurers buy in themselves for major events — has also risen, and that is passed on in the rates.
What does that mean for you? Above all, that the reflex to steer on premium can backfire. The cheapest policy is often the policy with a narrower form of cover, a higher excess or without a guarantee against underinsurance. Anyone who economises on that shifts the risk to themselves at the worst possible moment. Comparing does pay off: rate increases differ widely by insurer and by risk, and on every general insurance premium you also pay 21% insurance premium tax.
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Where the increase comes from
Three cost items together account for most of the movement in premiums.
More claims
Weather extremes and waves of burglaries increase the number of claims.
- Storms, hail and extreme rainfall
- Water and leakage damage in homes
- Theft of vehicles and catalytic converters
- Regional differences by postcode
Indexation and reinsurance
The sum insured rises with costs, and insurers buy in more expensively themselves.
- Rebuild value indexed annually
- A higher sum means a higher premium
- Prevents underinsurance
- Reinsurance is passed on
What is covered
| Situation | Increases your premium | Within your control |
|---|---|---|
| Indexation of the rebuild or contents value | Yes | No |
| Increased material and labour costs | Yes | No |
| More damage from storms, hail and water | Yes | No |
| A claim the insurer paid | Yes | Provided that |
| Choosing a higher excess | No | Yes |
| Bundling policies or paying annually | No | Yes |
What an insurer passes on exactly and how it indexes is set out in your policy conditions and on the renewal notice.
What does your premium depend on?
- Sum insured after indexation: the basis on which the premium is calculated
- The insurer's claims burden: the number and size of claims
- Repair and labour costs: materials, parts, wages
- Postcode area: storm, water and burglary risk
- Excess and type of cover: the levers you operate yourself
- Insurance premium tax: 21% on non-life insurance
Insurers weigh these details differently. That is where your saving is.
How we arrange it
- You request a quoteWe take stock of your situation, risk and wishes.
- We compareseveral insurers, on premium as well as conditions.
- You receive a proposalWith an explanation of the differences and the exclusions.
- We arrange the switchIncluding cancellation, so there is no gap in cover.
Why arrange it through Finass Verzekert?
We look at the terms as well as the premium, and stay your point of contact when there is a claim.
Independent
We are not tied to one insurer and compare on the basis of an objective analysis of several companies.
One fixed adviser
You call or email someone who knows your file. No menu options, no changing call centres.
Switching without hassle
We cancel your old policy and align the start date, so you are never a day without cover.
Help with claims
We report the claim and monitor how it is handled. In urgent cases you can reach us on the emergency line.
9.5New policy
9.8Claims handling
Customers rate our service on four aspects: personal service, service delivery, availability and the outcome. The reviews are collected and published by NH1816 and come from customers who have actually taken out a policy with Finass Advies B.V. or reported a claim.
Two points when a premium rises
There is scope to steer, but not on every part of the policy.
What you can do instead
Start with the sum insured: is it still right, or does it cover a situation from years ago? Reducing it is rarely sensible, but checking it is. Then deliberately choose an excess that you can bear yourself. You then no longer report small losses, which also keeps your claims history clean. Pay annually rather than monthly, bring policies together in one package for a package discount, and look for duplicate cover — glass appearing on both the buildings and the contents policy, baggage falling under both travel and contents cover. Being insured twice does not produce a double payout. Where a premium is increased during the term, you often have the right to cancel the policy. Only do so once a new policy has been accepted.
Where economising backfires
A lower premium often stems from less cover. Without a guarantee against underinsurance you bear the risk of too low a sum insured yourself: a claim is then paid proportionately. Dropping from comprehensive to extended cover takes your own accidents out of cover. And the exclusions remain in place under every form: no cover for wear, deferred maintenance and design faults, no cover for gradual ingress of moisture, mould and vermin, no cover in the case of intent or recklessness (Article 7:952 of the Dutch Civil Code), and no cover for flooding caused by the failure of a primary flood defence. Also business use that you do not report falls outside a personal policy; reporting it is a conversation, not reporting it costs you the claim (Article 7:930 of the Dutch Civil Code).
Frequently asked questions
This is what people ask us most.
Why is my premium rising when I have never made a claim?
Because a premium reflects the costs of the whole portfolio, not only your own claims history. Rising repair costs, more weather damage and more expensive reinsurance feed through into the rate for everyone. With household insurance, the annual indexation of the sum insured comes on top of that: a higher rebuild value automatically means a higher premium, even without claims.
Can I switch off the indexation?
With some insurers you can, but it is rarely sensible. Without indexation the sum insured stands still while building costs rise, and underinsurance arises: a claim is then paid proportionately and the guarantee against underinsurance often lapses. You save a limited amount of premium and take on a risk that weighs far more heavily in the event of a large loss.
May I cancel if my insurer increases the premium?
Where an increase during the term does not stem from indexation or a statutory measure, you may generally cancel the policy. The conditions describe that right. After the first contract year, most personal general insurance can in any case be cancelled on any day with one month's notice. Only cancel once a new insurer has accepted you.
Is switching to the cheapest policy sensible?
Only if the cover is equivalent. Compare the form of cover, the excess, the guarantee against underinsurance, the sub-limits for valuables and the exclusions. Also check whether the premium quoted already includes insurance premium tax and policy charges. A difference in premium rarely outweighs an exclusion you run into at claim time.
Every situation is different. For these situations we have a separate page.
- Compare buildings insurance (opstalverzekering)The main page
- The cheapest buildings insurance (opstalverzekering): where do the differences lie?Premium, excess, guarantee
- Affordable buildings insurance (opstalverzekering) without stripping back your coverPrevention, package, excess
- What are the costs of buildings insurance (opstalverzekering)?Premium, policy charges, excess
- What is the cheapest buildings insurance (opstalverzekering)?Premium, excess, underinsurance
- The cost of buildings insurance (opstalverzekering)Premium, excess, additional costs
- Compare buildings insurance (opstalverzekering): what to look out for?Conditions, sum insured, exclusions
- What does buildings insurance (opstalverzekering) cover?Covered perils, forms of cover, additional costs
Read more
Premium up and unsure about your cover?
Request a comparison without obligation. We look at the sum insured before we look at the premium.
Prefer to call? 072 - 509 24 56, weekdays 09:00–17:00.
Claim on the road? Emergency line 06 - 55 20 40 72.
About our service
Finass Verzekert is a trading name of Finass Advies B.V. We advise on and arrange non-life insurance on the basis of an objective analysis of several insurers, and receive commission for this from the insurer, which is included in the premium. You pay no separate advice fee. Before you take out cover, we establish your wishes and needs.
You will find our licence, KvK and Kifid details and our complaints procedure at the foot of every page.
This page was compiled by Finass Verzekert (LinkedIn). Last updated on .
The information on this page is general in nature and is not personal advice.