Key Takeaway
Regulator finds many insurers raising premiums faster than inflation and advises customers to ask for better dealsGet our breaking news email, free app or daily news podcastCar owners should challenge motor insurers over steep premium hikes, the corporate regulator advises, after finding many companies were raising prices faster than inflation. In a report released on Tuesday, the Australian Securities and…
Published August 10, 2026 · Category: News
Overview
Regulator finds many insurers raising premiums faster than inflation and advises customers to ask for better deals
Car owners should challenge motor insurers over steep premium hikes, the corporate regulator advises, after finding many companies were raising prices faster than inflation.
Details
In a report released on Tuesday, the Australian Securities and Investments Commission (Asic) found that none of the eight insurers it reviewed adequately explained the reasons behind premium calculations to customers or why prices had changed in quote or renewal documents.
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Source
Originally published at www.theguardian.com.
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Frequently Asked Questions
What is "Car owners should challenge insurers on steep price hikes and ‘call their bluff’, Asic says" about?+
Regulator finds many insurers raising premiums faster than inflation and advises customers to ask for better dealsGet our breaking news email, free app or daily news podcastCar owners should challenge motor insurers over steep premium hikes, the corporate regulator advises, after finding many companies were raising prices faster than inflation.In a report released on Tuesday, the Australian Securities and Investments Commission (Asic) found that none of the eight insurers it reviewed adequately
Who reported this story?+
This story was reported by The Guardian World.