New Zealanders are being urged not to let their insurance lapse, as premiums continue to rise at recent pace
New Zealanders are being urged not to let their insurance lapse, as premiums continue to rise at recent pace
6 May 2024
The cost of insurance has risen 14-percent in the year to March, with home insurance up 24.6 percent and contents insurance up 28-percent.
A recent Consumer NZ survey found more than two in three respondents are concerned about the rise.
Campaigns Advisor Abby Damen says almost one in ten admit to letting a policy lapse due to the high costs.
She says people can choose a more limited policy, increase their excess, opt for a multi-policy discount, or try to pay up front once a year.
© 2024 Newstalk ZB, NZCity
