Spanish Insurance Prices Skyrocket: 30% Increase Since Pandemic

Insurance Costs Soar in Spain: A 30% Increase Since the Pandemic Spain is grappling with a significant rise in insurance premiums, with costs increasing by approximately 30% since the COVID-19 pandemic. This alarming trend is expected to continue, according to industry experts. The increase affects various types of insurance, including car, home, and health insurance. "The price of insurance has increased significantly since the pandemic," explains Martín Fernández, from Amoeiro Rincón Seguros. "Providers, repair shops, and claims adjusters are all trying to charge what they believe is their true value." This pricing pressure is being passed on to consumers, resulting in sharply higher premiums. For health insurance, the increase is even more dramatic, with costs rising by 54% in some cases. The video highlights concerns about a potential small monopoly developing among large companies acquiring hospitals, which could further exacerbate the problem. The rising costs are impacting many households and raising concerns about the affordability of essential insurance coverage. While the reasons behind the increase are multifaceted, the upward trend is clear and poses a significant challenge for individuals and families across Spain.