Loan Insurance Calculator
Calculate and compare the cost of your mortgage insurance
Updated on
How does loan insurance work?
Loan insurance is mandatory to obtain a mortgage in France. It represents a significant cost, often between 10% and 30% of the total loan cost.
This calculator allows you to accurately estimate your insurance cost and compare it with the market average rate for your age.
Key points
- Insurance rate varies by age, health status and risk profile
- You can freely choose your insurer (Lagarde, Lemoine laws)
- Quota determines coverage level (50% or 100%)
- Comparing offers can save you several thousand euros
Advantages of comparing
- Savings of several thousand euros over the loan term
- Possibility to change insurance at any time (Lemoine law 2022)
- Equivalent or better guarantees with an external insurer
- Take advantage of lower rates from specialized insurers
Points of attention
- Check that the proposed guarantees are equivalent
- Consider the waiting period when changing
- Compare the AEIR (Annual Effective Insurance Rate)
- Read the warranty exclusions carefully
Frequently Asked Questions
What is the loan insurance rate?
The insurance rate is a percentage applied to the borrowed amount to calculate your loan insurance cost. It is generally expressed as AEIR (Annual Effective Insurance Rate) and varies according to your profile (age, health, occupation).
What is the AEIR and why is it important?
The AEIR (Annual Effective Insurance Rate) is the mandatory legal indicator since the decree of October 15, 2014. It is calculated as the difference between the APR with insurance and the APR without insurance. It is the only reliable indicator for comparing insurance offers, as it accounts for the calculation method (initial capital or remaining capital).
What is insurance quota?
Quota represents the coverage level. For a single loan, it is 100%. For a joint loan, each borrower can be insured at 100% (200% total) or 50% each (100% total). In case of death, the quota determines the share of the loan covered.
Can I change my loan insurance?
Yes, the Lemoine law (2022) allows you to change your loan insurance at any time, without fees or penalties. Your bank has 10 business days to respond and can only refuse if the new contract's guarantees are not equivalent (written justification required).
See also :
How to change loan insurance in practice?
Step 1: Request the Standardized Information Sheet (FSI) from your bank to know the required guarantees. Step 2: Compare offers by checking guarantee equivalence and AEIR. Step 3: Subscribe to the new contract. Step 4: Send your substitution request to your bank (registered letter or online). Step 5: The bank has 10 business days to respond. If unjustly refused, you can contact the banking mediator or the ACPR.
What is the AERAS convention?
The AERAS convention (Insuring and Borrowing with Aggravated Health Risk) enables people with health issues to access loan insurance. It provides 3 levels of review, a reference grid limiting surcharges, and a 5-year right to be forgotten for former cancer and hepatitis C patients.
How to compare insurance offers?
Compare the AEIR (rate), total cost over duration, included guarantees (death, total disability, temporary disability), exclusions and waiting periods. Also check the calculation method: on initial capital (fixed premium) or on remaining capital (degressive premium, often 30-40% cheaper overall).
What is the average loan insurance rate?
The average rate varies by age: 0.09% for under 30s, 0.15% for 35-year-olds, 0.40% for 50-year-olds. These rates increase significantly after 60. The market has dropped approximately 27% between 2020 and 2025, a trend continuing in 2026.
What are the mandatory guarantees?
For a primary residence, banks generally require: Death, Total and Irreversible Loss of Autonomy (PTIA), Total Permanent Disability (IPT ≥ 66%) and Temporary Work Disability (ITT). For rental investments, only Death and PTIA guarantees are usually required.
Does practicing a risky sport affect my insurance?
Yes, certain sports (scuba diving, skydiving, mountaineering, motor sports) can lead to guarantee exclusions or surcharges. Always declare your sporting activities: a false declaration can void the contract in case of a claim.
What is the ITT deductible and how to choose it?
The ITT deductible is the period (usually 30, 60 or 90 days) during which the insurer does not compensate you after a work stoppage. A short deductible (30 days) costs more but offers better protection. Civil servants and employees with salary maintenance can opt for 90 days to reduce their premium.
What regulatory changes in 2026?
The ordinance of January 5, 2026 strengthens insurer obligations: they must now annually inform each client of their right to cancel at any time (Lemoine law), subject to ACPR sanctions. The ACPR has made verifying commercial practices in loan insurance one of its priorities for 2026, and several banks have been sanctioned for obstructing insurance switch requests.
Practical guide: switching loan insurance
Obtain the Standardized Information Sheet (FSI)
Ask your bank for the FSI which lists the 11 guarantee equivalence criteria required (from the 18 criteria defined by the CCSF). This is your reference document for comparison.
Compare offers
Use our calculator to estimate costs, then compare several insurer quotes while verifying that each FSI criterion is covered. Compare the AEIR, not the nominal rate.
Subscribe to the new contract
Once you've chosen your offer, subscribe to the new insurance contract. The insurer will provide you with an insurance certificate and general terms.
Send the substitution request
Send your bank the substitution request along with the new contract. Send by registered letter or through your bank's online portal.
Wait for the response (10 business days)
The bank has 10 business days to accept or refuse. Any refusal must be justified in writing, citing the unmet equivalence criteria. The bank cannot charge fees.
In case of refusal
If the refusal seems unjustified, contact the banking mediator. You can also report abusive practices to the ACPR or DGCCRF. Several banks have been sanctioned for obstruction.
2026 Regulatory Updates
The ordinance of January 5, 2026 strengthens borrower protection in loan insurance. Insurers are now required to annually inform each client of their right to cancel at any time (Lemoine Law), subject to ACPR sanctions. The Prudential Control and Resolution Authority (ACPR) has made verifying commercial practices in loan insurance one of its priorities for 2026. The DGCCRF has launched new investigations covering bank practices from 2022-2025 regarding insurance delegation.
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