but then I figured that the entire industry is probably increasing premiums as they must be getting smashed with claims recently.
I strongly suggest to compare quotes. as I found over the years, the difference could be upto 50% cost.
quick compare for my car (15 yrs old SUV)
- tower $430 comprehensive
- state $690 comprehensive
rather insane difference.
Note that the cover is not like for like.
As an example, tower has a blanket exclusion for off road use (other than launching trailer boats).
Have decided to ringfence the value of our excesses in a separate account and effectively self-insure, and push our excesses way up to keep things affordable.
Have to have car insurance one way or the other, but it's getting to the point where we will downsizing the number of cars in our house to get our insurance costs down. Having a runabout or a toy isn't something I can justify anymore.
Move to Manurewa and it could jump up another 40%: https://www.banked.co.nz/new-zealands-insurance-poverty-premium