Owning a car these days isn’t cheap, in fact according a recent RACV survey the nearly 14 million registered passenger vehicles on Australian roads are creating a weekly car ownership bill of around $2.8 billion.
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For many Australians the yearly choice between renewing their car insurance with an existing provider or making the switch to an alternative may not even warrant a second thought, but a recent mystery shop conducted by Mozo suggests it should.
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With the long weekend now just days away the good people of New South Wales will be honouring Queenie’s 91st birthday in the only way they know how - by racing out of work on Friday afternoon, piling into their cars and driving off in every direction to make the most of those precious 72 hours.
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Aussie drivers pay thousands of dollars a year just to get around, however the good news is that advancements in technology, such as driverless cars may bring down car insurance premiums in the near future.
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Melbourne remains the most expensive city in Australia to insure your car with a comprehensive insurance policy, according to a report from the Australian Automobile Association.
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Could politicians be taking out our native wildlife at higher rates than anyone else in the country? It’s certainly a possibility, as a nationwide analysis of car insurance claims by AAMI found Canberra to be Australia’s number one animal collision hotspot.
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It’s common knowledge that Australian car insurance companies reserve the best deals for drivers over 25, so if you’re a young driver looking for some car insurance cover it might be tempting to put your policy under your parent's name - but will you be covered?
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You might think that the price of your car insurance premium is determined by things like your age, driving history and address, but according to statements made in a Senate inquiry on the car insurance industry held in Sydney last week, insurers can base their policy prices on random criteria like whether customers are married, the colour of their vehicles, and even the time they submit an application.
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With self-driving cars right around the corner for Australia, insurers have thrown their support behind a plan to overhaul traffic rules and car insurance cover to redefine what constitutes a “driver”, reported The Australian .
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Driverless cars, better data usage and the rising popularity of car sharing are set to drive car insurance premiums down by up to 80% according to a study from Boston Consulting Group (BCG) and Morgan Stanley.
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