Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 3AW account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 3AW content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 3AW online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

What’s driving monstrous price rises in insurance premiums

Neil Mitchell
Article image for What’s driving monstrous price rises in insurance premiums

Natural disasters are being blamed for massive insurance premium hikes.

3AW Mornings has been inundated with complaints from people about the huge jumps in their home and contents and car insurance prices.

In one example, a Pascoe Vale South family’s home insurance has gone from $2223.41 to $14,856.51 annually.

Andrew Hall is the CEO of the Insurance Council of Australia and said the issue had been building for a while.

“It’s a tough insurance market, at the moment,” he said.

Mr Hall said costs for insurance companies themselves were soaring.

“Over the last few years, about $11 billion in insured losses have been paid out to more than 720,000 people,” he said.

Press PLAY below to hear him explain why prices are on the rise

Neil Mitchell
Advertisement