Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 4BC account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 4BC content and other benefits.


Joining is free and easy.

You will soon need to register to keep streaming 4BC online. Register an account or skip for now to do it later.

Advertisement
Advertisement
Advertisement

New research reveals little known factors driving car insurance costs

Clinton Maynard

Luke is joined by Rachel Wastell, PR & Communications Manager at Mozo, about their new report that has reveals Australians are now paying an average of $1,472 every year to insure their car. The research also revealed a jump in premiums of 24% in just twelve months.

“It’s only when you don’t have car insurance and something goes wrong, that you realise how important it really is, but that doesn’t mean you have to pay through the nose to get good cover,” says Ms Wastell.

“As the cost of insurance continues to rise year on year, shopping around to get the best deal that suits your needs becomes even more important. There are also a number of factors that can dramatically change how much drivers pay for cover, so that pre-purchase research is paramount.”

The report, Pedal to the Metal: What’s driving the cost of car insurance?, was compiled as part of the 10th annual Mozo Experts Choice Awards for Car Insurance and uncovers the key factors driving insurance costs in 2023.

The report shows that a driver’s location, age, and risk profile, alongside a car’s age, colour and brand can increase the average annual cost of car insurance by hundreds, sometimes thousands, of dollars.

Mozo experts analysed more than 10,000 different car insurance quotes, and dived into consumer insights from a nationally representative consumer survey to compile the report.

Download this podcast here

Clinton Maynard
Advertisement