Car insurance news and advice

Insurance is a vital product, but despite its importance it is an area that Aussies sometimes avoid. This could be because choosing the right insurance products can be a very complicated and often disheartening process. 

Drivers searching for a usage based car insurance policy will soon have another option to add to their list. Set to launch this month, Koba Insurance is designed to offer reduced premium costs to people who clock up less than 7,000km per year on the road.

New Roy Morgan data shows public transport use surged in the March 2021 quarter, with around 8.9 million Australians aged over 14 (or 42% of that contingent) riding the rails, buses and ferries.

Given everything that cars enable us to do - from our daily commute to connecting with family and friends - it makes sense that many Aussies opt for a comprehensive car insurance policy as a safeguard against unexpected events. But let’s face it, comparing car insurance policies isn’t the most entertaining activity. 

While the world’s attention has been focussed on COVID-19, something big has been happening in the world of car insurance. The industry is undergoing somewhat of a shake-up that could bring exciting new ways to save money and drive better value out of your insurance policy.

New research has found the average Australian driver faces a repair bill of $1,524 if their car is damaged in a road collision.

Over the last year we’ve seen some pretty massive changes to the way we live, work and socialise. COVID-19 has forced us to swap offices for living rooms and well-planned holidays and events for last-minute cancellations and do-overs.

Back in the day, taking out car insurance meant flipping through the yellow pages, circling providers and numbers to call. Now, in 2021 a quick internet search is all that’s required to find the right cover. Insurance companies have moved online and a fair few are even rewriting the rules altogether!

As of 1 July 2021, home, car and business insurance customers will be provided with a year-on-year price comparison in their insurance premium renewal notice. 

As part of its 2021/2022 state budget, the NSW government has pledged $200 million to waive stamp duty fees for eligible, new and secondhand zero and low emission cars.