According to a survey by Compricer, car insurance prices rose by an average of 5.3 percent between 2024 and 2025. And the trend is not limited to car insurance.
We saw large price increases and also complaints about home insurance between 2024 and 2025. Some insurance companies made substantial price increases, which were seen across the country, says Peter Stark, a lawyer at Konsumenternas försäkringsbyrå.
Pet insurance prices have also risen. According to Stark, insurance prices have generally increased since the pandemic.
Overall, there has been a clear increase over the last five years, he says.
Switching can be worthwhile
The picture is confirmed by the Swedish Financial Supervisory Authority.
"It's also because we've had general upward pressure on prices throughout the economy," says Moa Langemark, consumer protection economist at the Swedish Financial Supervisory Authority.
Keeping track of your insurance policies and knowing what you get for your money is always important, but it becomes even more important when prices rise.
Check that you don't have too many insurance policies and what is actually included. Consumers have the right to know what a price increase is due to. You can always contact your insurance company and ask for an explanation.
If you are not satisfied with your insurance company, it may be worth switching.
What we have seen is that you do not benefit from being a loyal customer. Rather, if you are a loyal customer, you risk being exposed to what is called “price walking” - that is, you pay more than new customers might, says Moa Langemark, but at the same time points out:
But it's not quite as simple as with mortgages, which are completely interchangeable products. Insurance can contain lots of different elements. Just because the price is low, the deductible can be very high.
Review your coverage
Overall, she believes that Swedish households have the insurance they need. Rather, there is a risk that people take out more insurance than necessary.
Making a habit of reviewing your insurance policies a few times a year, or at least when something major happens in your life, is a good starting point.
And one very important thing about insurance is that you should insure what you cannot afford to lose. It is important to keep this in mind when considering what you need, says Moa Langemark.
