My car insurance through Trade Me (Tower) is about to renew and the new cost is 100% higher. Any recommendations for a new insurer or are we powerless to prevent these increases?

  • purrtastic@lemmy.nzOP
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    2 months ago

    I hadn’t thought about that, having always had comprehensive cover, but it’s worth investigating, thanks.

    • Dave@lemmy.nzM
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      2 months ago

      It costs us maybe $700 a year to have comprehensive cover on a vehicle insured for $10k (with an excess of maybe $1500 or something). I figure if we have an accident on average every 15 years, then that’s $10,500 when the payout would be $8,500 after excess.

      Now I mention it, before you go for third party, see what your excess is. You can often save quite a bit by moving that up to $2k or even $5k (depending on the value if your car).