News

Insurance blow-out a shock

Lance Rushby is one of many bemused by the large increase in insurance costs.
Lance Rushby is one of many bemused by the large increase in insurance costs. Rob Wright

WHEN Middle Boambee resident Lance Rushby opened the envelope to read the cost of his house and contents insurance for the next year, he couldn't believe his eyes.

The 82-year-old's premium had risen by $866, or more than 60%.

"I can afford to pay the insurance, so that's not my worry; the point is there's so many people who can't," he said.

"A large percentage of people would be on a pension or are self-funded retirees."

Being a resident in the home he built 30 years ago, Mr Rushby said he's been wondering why the rise in insurance premium is so large.

"Are they money-grabbing or are they in strife?" he asked.

"Financially they should be all right because their share price hasn't changed much in the past five years."

Mr Rushby is a gold card member with the NRMA and despite finding other insurers who offered cheaper quotes, he said he'll stick with his long-term insurer.

"Australia Unity was about $200 cheaper but I will stay with them (NRMA).

"They've been pretty good over a while but a 60% rise is a joke."

Has your insurance premium skyrocketed? Let us know below.

Topics:  insurance, nrma, premiums



Join the Community.

Get your local news, your way.

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

The great Aussie dream has been downsized

HIGH LIFE: Apartment living in Coffs Harbour is becoming highly sought after by buyers.

The traditional quarter acre block is losing favour

Community champion volunteers for her daughters

SUPER MUM: Community champion, Emma Gardner balances the midwife life with motherhood and volunteering within the community.

Community champion volunteers for her daughters

Donations to keep choppers flying

LIFESAVING SERVICE: The Westpac Lifesaver Rescue Helicopter Service has launched its end of financial year fundraising campaign.

Donations to keep Westpac Lifesaver Rescue Helicopters flying

Latest deals and offers


The great Aussie dream has been downsized

HIGH LIFE: Apartment living in Coffs Harbour is becoming highly sought after by buyers.

The traditional quarter acre block is losing favour

Korora property provides the resort lifestyle

Live the resort lifestyle at Korora

Like to live in your own resort?

Renting harder in Coffs than Sydney

HIGH DEMAND: Coffs Harbour rental properties are in higher demand than in Sydney.

Coffs Harbour’s rental vacancy rate at lowest level in eight years