South Australians face third-party car insurance hike

Mozo

Tuesday 01 June 2010

South Australian motorists will be forced to pay an additional $28 for compulsory third-party car insurance from July 1st, the state government has confirmed.

Car crash content

Announcing the 7.2 per cent hike in parliament, treasurer Kevin Foley said the lingering effects of the global financial crisis were placing a strain on the government’s budget.

"I accept that drivers are unlikely to welcome this increase," he said.

"It should be remembered that in years when the financial performance of the fund was strong, the government has been in a position to reduce third party premiums."

Such news may affect the decision of South Australians looking to compare car insurance in search of the most affordable deals. The third-party increase now brings the car insurance bill for the average family car in the state to $476.

The state’s compulsory third party fund pays out a reported $450 million to people injured in road crashes.

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