I just got my car insurance renewal notice from Youi, and my premium was set to jump from $1254.30 to $1419.86… Seriously, what’s going on here? I haven’t had any changes in my driving or claims history, and inflation isn’t close to 10%, so the increase didn’t make sense.
I decided to call Youi, and without much back-and-forth, they agreed to keep my premium at the original rate. It felt a bit like they’re hoping people just auto-renew without noticing, but if you push back, there’s room to negotiate.
Tip: Always reach out to your car insurance provider at renewal time. Just a quick call could keep your premium from skyrocketing—saving you hundreds of dollars.
My partner is a motor vehicle assessor for an insurance company and he says it’s mostly due to the ridiculous prices of car parts now. He has to write off so many cars due to repair costs outweighing the value of the actual car.
Too many variables. From postcode where you live, km’s driven, age of drivers, vehicle age.
I was with NRMA for about 30 years. Just changed to Qantas about two weeks ago, I insured my car for $120k with monthly insurance of $177. That $177 includes rental car and new window screen per year. My husband was already with Qantas, had a car that was ridden off from street kids. Paid out immediately, the service was excellent