As an older driver, you've likely seen your car insurance premiums rise year after year. But did you know that the average increase in car insurance premiums across Australia is a whopping 18% compared to last year? That's according to Canstar’s Steve Mickenbecker.

In fact, Canstar data reveals that the average car insurance premium has risen by $274 in 2023 compared with 2022. That's a significant increase, especially for seniors on a fixed income. But there's good news: you don't have to accept these rising costs without a fight.

Enter 'Compare the Market*', a comparison business that compares up to 10 different car insurance brands to help you find the best deal.

"Seniors and pensioners have several ways to potentially reduce their car insurance costs," says Adrian Taylor, General Manager of General Insurance at Compare the Market. "From restricting the age of drivers to changing how the value of your car is calculated (market v agreed value), there are numerous strategies to help you save."

Car insurance rates are surging across the country, with double digit percentage increases compared to 2022

One of the most effective strategies, according to Mr Taylor, is to compare insurance annually*. "Car insurance policies almost always increase in price every year, even if you haven’t made a claim," he explains. "Comparing policies every year can help you look for a better deal elsewhere."

Mr Taylor also recommends paying attention to your renewal policy. "It should show both last year’s premium and your new premium, meaning you can instantly see how much more you’re being asked to pay," he says. "Make note of the difference to see how big the new change is before comparing car insurance."

Other tips from Mr Taylor include paying your car insurance annually to avoid any additional instalment fees, considering who is driving your car (younger drivers will likely increase the premium you pay), and not waiting for your renewal to save money. "You can cancel your existing policies at any time and switch insurers," he says. "Just be aware of any cancellation fees that may apply."

So, if you're tired of seeing your car insurance premiums rise year after year, it's time to take action. Visit Compare the Market* today and see if you could save by comparing car insurance rates. After all, why pay more when you could be paying less?

*Please note, members, this is a sponsored article. All content of ours that has an asterisk next to it means we may get a commission to write an article or post a deal. We simply do this to assist with the costs of running the SDC. Thank you!

 

[Brody]

As an older driver, you've likely seen your car insurance premiums rise year after year. But did you know that the average increase in car insurance premiums across Australia is a whopping 18% compared to last year? That's according to Canstar’s Steve Mickenbecker.

In fact, Canstar data reveals that the average car insurance premium has risen by $274 in 2023 compared with 2022. That's a significant increase, especially for seniors on a fixed income. But there's good news: you don't have to accept these rising costs without a fight.

Enter 'Compare the Market*', a comparison business that compares up to 10 different car insurance brands to help you find the best deal.

"Seniors and pensioners have several ways to potentially reduce their car insurance costs," says Adrian Taylor, General Manager of General Insurance at Compare the Market. "From restricting the age of drivers to changing how the value of your car is calculated (market v agreed value), there are numerous strategies to help you save."

View attachment 36113

Car insurance rates are surging across the country, with double digit percentage increases compared to 2022

One of the most effective strategies, according to Mr Taylor, is to compare insurance annually*. "Car insurance policies almost always increase in price every year, even if you haven’t made a claim," he explains. "Comparing policies every year can help you look for a better deal elsewhere."

Mr Taylor also recommends paying attention to your renewal policy. "It should show both last year’s premium and your new premium, meaning you can instantly see how much more you’re being asked to pay," he says. "Make note of the difference to see how big the new change is before comparing car insurance."

Other tips from Mr Taylor include paying your car insurance annually to avoid any additional instalment fees, considering who is driving your car (younger drivers will likely increase the premium you pay), and not waiting for your renewal to save money. "You can cancel your existing policies at any time and switch insurers," he says. "Just be aware of any cancellation fees that may apply."

So, if you're tired of seeing your car insurance premiums rise year after year, it's time to take action. Visit Compare the Market* today and see if you could save by comparing car insurance rates. After all, why pay more when you could be paying less?

*Please note, members, this is a sponsored article. All content of ours that has an asterisk next to it means we may get a commission to write an article or post a deal. We simply do this to assist with the costs of running the SDC. Thank you!

Thank you for this article. SDC. It is a necessary chore every year to have to Compare the Market. I can only speak for myself in this situation, these days I find it difficult to have to do this for all insurances every year. What happened to
giving everyone a fair go ? There was a time when we could trust all of those
Companies for that fair go. Or was I just
nieve to assume that was true.
It seems the greed of the World has made
everything and anything a Money Grab to see how much they can rip off everyone and possibly us more.
Etc

 

[StarTrekker]

I saw my car's full comprehensive insurance rise over $160 to $892.
I looked around an found one for $490 a saving of over $400

 

[Phantom55]

silly me I stuck with the same company year after year ,(I thought a good regular customer is a good thing). ITS NOT. I now shop around every company each year and get the best price...takes about an hour but I always save a minimum of $100, / $300 on my truck...trust me a faithful customer is a fool ( those days are gone, loyalty is another name for sucker)

 

[Singomate]

As an older driver, you've likely seen your car insurance premiums rise year after year. But did you know that the average increase in car insurance premiums across Australia is a whopping 18% compared to last year? That's according to Canstar’s Steve Mickenbecker.

In fact, Canstar data reveals that the average car insurance premium has risen by $274 in 2023 compared with 2022. That's a significant increase, especially for seniors on a fixed income. But there's good news: you don't have to accept these rising costs without a fight.

Enter 'Compare the Market*', a comparison business that compares up to 10 different car insurance brands to help you find the best deal.

"Seniors and pensioners have several ways to potentially reduce their car insurance costs," says Adrian Taylor, General Manager of General Insurance at Compare the Market. "From restricting the age of drivers to changing how the value of your car is calculated (market v agreed value), there are numerous strategies to help you save."

View attachment 37461

Car insurance rates are surging across the country, with double digit percentage increases compared to 2022

One of the most effective strategies, according to Mr Taylor, is to compare insurance annually*. "Car insurance policies almost always increase in price every year, even if you haven’t made a claim," he explains. "Comparing policies every year can help you look for a better deal elsewhere."

Mr Taylor also recommends paying attention to your renewal policy. "It should show both last year’s premium and your new premium, meaning you can instantly see how much more you’re being asked to pay," he says. "Make note of the difference to see how big the new change is before comparing car insurance."

Other tips from Mr Taylor include paying your car insurance annually to avoid any additional instalment fees, considering who is driving your car (younger drivers will likely increase the premium you pay), and not waiting for your renewal to save money. "You can cancel your existing policies at any time and switch insurers," he says. "Just be aware of any cancellation fees that may apply."

So, if you're tired of seeing your car insurance premiums rise year after year, it's time to take action. Visit Compare the Market* today and see if you could save by comparing car insurance rates. After all, why pay more when you could be paying less?

*Please note, members, this is a sponsored article. All content of ours that has an asterisk next to it means we may get a commission to write an article or post a deal. We simply do this to assist with the costs of running the SDC. Thank you!

I would like to suggest Shannon's Insurance talk to them telling them your requirements, they are very helpful .

 

[Rollso44]

It's not only car insurance but house and contents as well. My H&C for this coming year was increased by 34%, not claim made or any other interaction with them for the previous years ... just another grab under the disguise of climate change

 

[Bid]

As an older driver, you've likely seen your car insurance premiums rise year after year. But did you know that the average increase in car insurance premiums across Australia is a whopping 18% compared to last year? That's according to Canstar’s Steve Mickenbecker.

In fact, Canstar data reveals that the average car insurance premium has risen by $274 in 2023 compared with 2022. That's a significant increase, especially for seniors on a fixed income. But there's good news: you don't have to accept these rising costs without a fight.

Enter 'Compare the Market*', a comparison business that compares up to 10 different car insurance brands to help you find the best deal.

"Seniors and pensioners have several ways to potentially reduce their car insurance costs," says Adrian Taylor, General Manager of General Insurance at Compare the Market. "From restricting the age of drivers to changing how the value of your car is calculated (market v agreed value), there are numerous strategies to help you save."

View attachment 37461

Car insurance rates are surging across the country, with double digit percentage increases compared to 2022

One of the most effective strategies, according to Mr Taylor, is to compare insurance annually*. "Car insurance policies almost always increase in price every year, even if you haven’t made a claim," he explains. "Comparing policies every year can help you look for a better deal elsewhere."

Mr Taylor also recommends paying attention to your renewal policy. "It should show both last year’s premium and your new premium, meaning you can instantly see how much more you’re being asked to pay," he says. "Make note of the difference to see how big the new change is before comparing car insurance."

Other tips from Mr Taylor include paying your car insurance annually to avoid any additional instalment fees, considering who is driving your car (younger drivers will likely increase the premium you pay), and not waiting for your renewal to save money. "You can cancel your existing policies at any time and switch insurers," he says. "Just be aware of any cancellation fees that may apply."

So, if you're tired of seeing your car insurance premiums rise year after year, it's time to take action. Visit Compare the Market* today and see if you could save by comparing car insurance rates. After all, why pay more when you could be paying less?

*Please note, members, this is a sponsored article. All content of ours that has an asterisk next to it means we may get a commission to write an article or post a deal. We simply do this to assist with the costs of running the SDC. Thank you!

Each year I compare Car/House/Contents Insurance and by going to my current insurer and letting them know of better quotes, they have for the past 3 years matched or provided less cost for the same cover. I shouldn't have to do it, but I am finding that with all insurance you have to constantly ask/beg for a better price. I am getting a little tired of having to beg/ask every time something comes up for renewal for a better price. It is there, but ALL companies make you ask for it - including the telcos

 

[paulamc52]

I saw my car's full comprehensive insurance rise over $160 to $892.
I looked around an found one for $490 a saving of over $400

Hi StarTrekker,do you mind if I ask ,who did you go with? Cheers Paula

 

[Brody]

Hi StarTrekker,do you mind if I ask ,who did you go with? Cheers Paula

Me too Star Trecker Brody

 

[Ezzy]

I would like to suggest Shannon's Insurance talk to them telling them your requirements, they are very helpful .

Thanks for the tip.

 

[Brody]

Thank you for this article. SDC. It is a necessary chore every year to have to Compare the Market. I can only speak for myself in this situation, these days I find it difficult to have to do this for all insurances every year. What happened tom
giving everyone a fair go ? There was a time when we could trust all of those
Companies for that fair go. Or was I just
nieve to assume that was true.
It seems the greed of the World has made
everything and anything a Money Grab to see how much they can rip off everyone and possibly us more.
Etc

 

[Shane/#]

As an older driver, you've likely seen your car insurance premiums rise year after year. But did you know that the average increase in car insurance premiums across Australia is a whopping 18% compared to last year? That's according to Canstar’s Steve Mickenbecker.

In fact, Canstar data reveals that the average car insurance premium has risen by $274 in 2023 compared with 2022. That's a significant increase, especially for seniors on a fixed income. But there's good news: you don't have to accept these rising costs without a fight.

Enter 'Compare the Market*', a comparison business that compares up to 10 different car insurance brands to help you find the best deal.

"Seniors and pensioners have several ways to potentially reduce their car insurance costs," says Adrian Taylor, General Manager of General Insurance at Compare the Market. "From restricting the age of drivers to changing how the value of your car is calculated (market v agreed value), there are numerous strategies to help you save."

View attachment 37461

Car insurance rates are surging across the country, with double digit percentage increases compared to 2022

One of the most effective strategies, according to Mr Taylor, is to compare insurance annually*. "Car insurance policies almost always increase in price every year, even if you haven’t made a claim," he explains. "Comparing policies every year can help you look for a better deal elsewhere."

Mr Taylor also recommends paying attention to your renewal policy. "It should show both last year’s premium and your new premium, meaning you can instantly see how much more you’re being asked to pay," he says. "Make note of the difference to see how big the new change is before comparing car insurance."

Other tips from Mr Taylor include paying your car insurance annually to avoid any additional instalment fees, considering who is driving your car (younger drivers will likely increase the premium you pay), and not waiting for your renewal to save money. "You can cancel your existing policies at any time and switch insurers," he says. "Just be aware of any cancellation fees that may apply."

So, if you're tired of seeing your car insurance premiums rise year after year, it's time to take action. Visit Compare the Market* today and see if you could save by comparing car insurance rates. After all, why pay more when you could be paying less?

*Please note, members, this is a sponsored article. All content of ours that has an asterisk next to it means we may get a commission to write an article or post a deal. We simply do this to assist with the costs of running the SDC. Thank you!

Scum of the earth insurance companies the necessary evil definitely shop around bloody parasites

 

[StarTrekker]

Hi StarTrekker,do you mind if I ask ,who did you go with? Cheers Paula

I went with "Over 50s" insurance which is backed by Allianz. I drive less than 10,000kms and no one under 30 drives my car. I received an agreed value and I increased my excess. But I still came out on top.

 

[StarTrekker]

Me too Star Trekker Brody

I went with "Over 50s" insurance which is backed by Allianz. I drive less than 10,000kms and no one under 30 drives my car. I received an agreed value and I increased my excess. But I still came out on top.

 

[Phantom55]

It's not only car insurance but house and contents as well. My H&C for this coming year was increased by 34%, not claim made or any other interaction with them for the previous years ... just another grab under the disguise of climate change

the 34% is sucker levy...change companies each year, I have 3 vehicles and always save at least a couple of hundred dollars each year by switching. LOYAL CUSTOMERS ARE FAIR GAME...dont do it

 

[IAN3005]

I saw my car's full comprehensive insurance rise over $160 to $892.
I looked around an found one for $490 a saving of over $400

Which one was that? My premium is $1,776.00

 

[Herschw]

It's concerning to hear about the significant increase in car insurance premiums for seniors. With rising costs, it's more important than ever for seniors to review their insurance policies and explore other options.
Sites like https://www.insurancecloud.co.uk/services/sorn/ offer a range of services that can help seniors find competitive rates and potentially save money on their car insurance. By comparing rates and exploring different insurance plans, seniors can make informed decisions about their coverage and potentially reduce their premiums.

 

[StarTrekker]

Which one was that? My premium is $1,776.00

I went with "Over 50s" insurance

 

[IAN3005]

I went with "Over 50s" insurance

Same price.

 

[StarTrekker]

Same price.

I drive less than 10,000kms and my car is 20 years old