How pricing for home insurance works
We always strive to set a fair price of home insurance for you. Here you can read more about how the calculation is generally done.
How do we decide how much each member should pay?
First and foremost, our goal is always to set prices that are as fair and accurate as possible. You can think of it as bringing food to a pot luck party. If you are a family of four, you bring more than if you are a 21 year old living by yourself.
Our goal is to change prices as little as possible
We put a lot of effort into giving you the right price from the start, in order to make that price stay the same for as long as possible. But sometimes things in your life or in society change. For some reason, you might need to bring more to the pot luck party.
Once a year, we will evaluate the price of home insurance to make sure no one is contributing too much or too little to the common claims pool. Some will get a decrease and some will get a price increase. This will be the case when our evaluation shows that their original price was set too low. We increase some members' prices, to make sure we’re fair towards all of our members.
When calculating prices, we look at a number of factors
Your individual price is the sum of a number of factors that we look at in order to find a price that is as accurate and fair and possible. Here are some examples of factors that can influence your price:
The number of persons in your household can change your price
The size of your apartment or house can change your price
Where you live can change your price
Your age can change your price
Whether you are a student or not can change your price
Whether you own or rent your apartment can change your price
Your price can change in line with economic inflation in our society
Frequently asked questions
We put a lot of effort into giving you the right price from the start in order to keep it the same as long as possible. To make sure no one is contributing to little or too much, prices are evaluated every year. If your price changes, we will always let you know 30 days in advance so that you have time to make a decision if the new price fits you.
If you got a price increase, either your original price was too low, or something changed in your life during the past year. Every year we evaluate prices to make sure no one is contributing too much or too little to the collective claims pool. Our goal is always to set prices as fair as possible, and change prices as seldom as possible.
In your case, our yearly pricing evaluation found out that we can lower your price. Our goal is always to set prices as fair as possible and make sure no one is paying too much or too little. Rest assured, your coverage is as good as before!
Bad luck can happen to anyone, and we will always help you when you need it the most. If you had a lot of bad luck last year, you needed more from the common claims pool than other members. Based on our estimate of your future needs, your price might get higher than the previous year.
Lower your price with Hedvig Forever
As a Hedvig member you can always take things in your own hands and lower your price with Hedvig Forever. When you invite someone who joins Hedvig with your code, you both get 10 SEK discount each month, and keep it as long as you’re both members.