....there could be.
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....there could be.
Insurance is becoming a luxury ...my 5 years old cars ...last all 5 years insurance premium went up while agreed value going down ...this year being the steepest increase ...thats the cost of kindness of previous Govt ...as AKL is the main contributor of car thefts and accidents etc which gets passed to all ...I reckon they should try to increase no claims bonuses to reward safer drivers and securer cars etc ...
I renewed mine about 3 months ago on my two year old DMAX. I couldn't believe it, no increase!
Maybe they have been ripping me for the last year who knows, but I locked it in real quick.
It's on full new replacement vehicle as well so no reduction in value insured.
Rising insurance premium is not going to help for the economy and householders. Up by over 30% in some parts of the country. Some will try to find other options.
Here’s a thought. Are higher rates stimulative? The US govt pays $2m per minute on its debt. With higher saving and deposit rates is there a wealth effect for those holdings lots of cash?