RNZ·3 min read·medium
How New Zealanders are cutting the cost of their insurances
R
RNZ | Te Reo Irirangi o Aotearoa
✦AI Summary
New Zealand homeowners are increasingly opting for higher insurance excesses to mitigate the impact of rising premium costs. Insurers report that this trend is a direct response to cost-of-living pressures, allowing policyholders to lower their annual premiums by accepting more financial risk in the event of a claim.
Insurance costs have been a major pain point for many households in recent years, but data from insurers shows many of us are finding solutions.
economybusiness
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