Latest insurance premiums
| # | Post |
|---|---|
| 1 | Anybody had an unpleasant surprise this week? Our home insurance policy premium has just gone up $600 per year. Gulp. rak1 - 2020-04-12 17:57:00 |
| 2 | Who are you with? sparkychap - 2020-04-12 17:58:00 |
| 3 | sparkychap wrote: They should be with their bubble buddies, buddy. johotech - 2020-04-12 17:59:00 |
| 4 | johotech wrote: . sparkychap - 2020-04-12 18:03:00 |
| 5 | rak1 wrote:
$600! mazalinas - 2020-04-12 18:23:00 |
| 6 | Im unsure what ours was last year but I think about $1400 stevo2 - 2020-04-12 18:24:00 |
| 7 | With all this money printing the dollar hasn't got the value it used to, you'll find a lot of companies are putting their prices up. We've had emails from most of our suppliers stating prices are increasing by 15% loud_37 - 2020-04-12 18:33:00 |
| 8 | mazalinas wrote:
The answer is Wellington city. kestrel43 - 2020-04-12 18:49:00 |
| 9 | Eqc $300 plus fire levy $ 106.30 plus gst $110 all totals far more than my actual premium., with ami. gabbysnana - 2020-04-12 18:55:00 |
| 10 | sparkychap wrote: rak1 - 2020-04-12 19:34:00 |
| 11 | $109 here with State increase in house insurance pa. hhb - 2020-04-12 19:41:00 |
| 12 | hhb wrote: How much is your piece of string insured for? sparkychap - 2020-04-12 19:48:00 |
| 13 | Higher risk areas (more likely to encounter natural hazards) have gone up (ie Chch/Wgtn). Some Insurers have moved more towards risk based pricing, so areas that aren't as high risk premiums could go down. EQ levy increased last year too. rhys12 - 2020-04-12 20:49:00 |
| 14 | Check out your EQC levy. It isn't $1.50 like it used to be. headcat - 2020-04-12 21:30:00 |
| 15 | nope we are in Whangarei and our house ins, contents, 4 cars comes to $5400 !! pa its gone up so much :0( no wonder people dont have insurance, its crippling sheryl13 - 2020-04-13 09:27:00 |
| 16 | I remember after the 1999 floods. lovelurking - 2020-04-13 09:39:00 |
| 17 | sheryl13 wrote: Maybe run fewer cars? sparkychap - 2020-04-13 09:39:00 |
| 18 | Do some research over the last few years to understand your insurances. Don't look just at one number. Edited by amasser at 11:32 am, Mon 13 Apr amasser - 2020-04-13 11:32:00 |
| 19 | sparkychap wrote: I thought we were all of the same understanding? That change is what other people should be forced to do, not us. jonners2013 - 2020-04-13 14:39:00 |
| 20 | I had a big increase last year and expecting another one this year as that is what is happening and I don't see it stopping. I have never claimed on my insurance. At some point people are just going to cancel it completely because of the unaffordability. turbogtx - 2020-04-13 14:42:00 |
| 21 | AMI wants over $4,000 for our house and contents next month. Which is a better company? alpha111 - 2020-05-27 19:55:00 |
| 22 | sheryl13 wrote: Sheryl, I'm in Whangarei too and have found AON best for shops and houses but maybe not as cheap for cars as AA. webworth - 2020-05-27 20:04:00 |
| 23 | If you are in Wellington, all insurers will be charging a pretty penny. Why? Re-insurance costs. That is the insurance that the insurance company purchases. Those costs in Wellington have sky rocketed. Most insurers are now starting to push those costs onto Wellington premium so they can alleviate premium in other areas of the country - where the business is more attractive. However with Covid, its worth calling your insurer up, they may be flexible on the premium for this year phoenix22 - 2020-05-29 09:08:00 |
| 24 | phoenix22 wrote: mone - 2020-05-30 15:59:00 |
| 25 | alpha111 wrote:
We saw a 13% increase on one policy from AMI. Started getting competitive quotes and gave AMI a blast. After some adjustment to better suit us that policy is now down 4% from last year. You need to be very sure your policy matches your needs. tony9 - 2020-05-30 16:21:00 |
| 26 | I have had hous insurance for over 50 years and never once have i had a claim. No mortgage now so I am canning it. I haven't had contents insurance for the last 10 years when I should have had a claim for a $780 outdoor table that got smashe, the excess was $500 and I had long ago lost the receipt so wouldn't have been able to claim anyway. I am over it. Edited by corogirl at 8:50 pm, Sat 30 May corogirl - 2020-05-30 20:49:00 |
| 27 | corogirl wrote:
Not concerned about liability insurance then? or do you have a separate policy for that? (your contents insurance is what covers your personal liability insurance) What happens if your house burns down tomorrow and you aren't covered? It's quite the gamble to take, ditching insurance. Though, you can always go the "give a little" route. Talk to you insurer about other options before getting rid of it all together. There are ways of making it cheaper. phoenix22 - 2020-06-04 13:00:00 |
| 28 | No-one needs insurance. sparkychap - 2020-06-04 13:29:00 |
| 29 | Until they need insurance. sparkychap - 2020-06-04 13:30:00 |
| 30 | sparkychap wrote: buyit59 - 2020-06-07 02:41:00 |
| 31 | Mine in Auckland are about the same as last year. masturbidder - 2020-06-07 14:29:00 |
| 32 | I asked this question last year and we have now got this years premium. It has gone up almost another $600. Time to either leave Wellington or hope that there is a cheaper ins company out there. Currently with AMI. rak1 - 2021-04-14 20:24:00 |
| 33 | Surely there areInsurance Brokers out there to get a feel for status quo? Know that Mortgage Brokers are excellent and paid by the person supplying the loan.. sla11 - 2021-04-21 12:25:00 |
| 34 | I was told years ago (after the February Christchurch earthquake) that insurance companies are a lot like banks i.e. they are overseas owned and it’s these overseas owners who decide whether we are a high risk or not. That’s not just us ordinary individuals but our whole country and probably the whole world when you think about it. I’ve watched insurance prices rise and fall over the years. Just like bank interest rates. I think we are seeing the results of the Covid pandemic and the mayhem and uncertainties our planet is experiencing. Imagine the claims being made on Insurance companies happening around the world now, loss of profits for one example. I think we are all stuck between a rock and a hard place. One option would be to take a higher excess but please, stay insured even if just for your peace of mind. Disclaimer:FYI these are my layman terms, and I am not profiting from my post. lovelurking - 2021-04-21 16:29:00 |
| 35 | lovelurking wrote: So its not the insurers' Aussie HQs that make the decision, but more the global reinsurance market that determines how much of a risk a country is. That determines how much they charge for reinsurance to the local insurers, which then drives the local price. And yes they are being impacted with COVID claims - event cancellation / business interruption etc but also the increase in severe weather events driven by a changing climate. Edited by sparkychap at 7:46 pm, Wed 21 Apr sparkychap - 2021-04-21 19:44:00 |
| 36 | sheryl13 wrote:
Can the car insurance - just have 3rd party. With four cars you'd not be stuck if one was out of commission. Also, do you really need contents insurance? mazalinas - 2021-04-21 21:29:00 |
| 37 | alpha111 wrote: FMG 3tomany - 2021-04-22 11:28:00 |
| 38 | There is currently an ad on TV for an insurance company that show an "absent minded silly old turd" who is cleaning his car and then goes to move it and instead of going forward he reverses at a great rate of knots through the back of the garage.... but all is fine and dandy because he has insurance !! Now insurance is a mutual sort of thing, everybody chips in a "small amount" into a central fund so there is a pool to pay out to a few of the members who have a "problem".. The amount everybody chips in is related to the risk... I'm not sure if I want to be in the same pool as the "silly bugger" in the ad, and have to fund his complete stupidity !! onl_148 - 2021-04-22 11:32:00 |
| 39 | loud_37 wrote: headcat - 2021-04-24 11:40:00 |
