NZ -Q&A- 🏡 Is the rising cost of insurance changing your decisions?

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For many New Zealand households, insurance is becoming one of the fastest-growing household expenses.

As premiums continue to rise, some people are reviewing their cover, increasing their excess, shopping around for better deals or reassessing exactly what they need to insure. The challenge is finding the right balance between keeping costs affordable and protecting what matters most. Rising insurance costs have become a significant concern nationally, prompting government and consumer groups to examine affordability and the risk that some households may reduce or drop their cover.

:speech_balloon: Join the conversation

  • Have your insurance premiums increased this year?
  • Have you switched insurers to save money?
  • Have you increased your excess to reduce your premium?
  • Have you bundled your home, contents and vehicle insurance?
  • What tips would you share with other homeowners looking to reduce insurance costs?

Every household is different, and your experience could help someone else make a more informed decision.

:newspaper: Read the RNZ article below and let us know how rising insurance costs are affecting your household.

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@support-newkids. Please be aware that in my experience with residential, Commercial and Industrial insurers. I am always mindful what’s the company behind the insurer and most importantly do they have the capacity to pay out quickly in a major event.

You only have to research (NZ case study) the two Christchurch earthquakes with an affected property owners timeline examining the length of time to an actual satisfactory repair or replacement. (Anecdotally, we understand that a few people had to wait 6-10 years)

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