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10 August 2026

Car owners should challenge insurers on steep price hikes and ‘call their bluff’, Asic says

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Source reporting: The Guardian World

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Car owners should challenge insurers on steep price hikes and ‘call their bluff’, Asic says

Regulator finds many insurers raising premiums faster than inflation and advises customers to ask for better deals In a report released on Tuesday, the Australian Securities and Investments Commission (Asic) found that none of the eight insurers it reviewed adequately explained the reasons behind premium calculations to customers or why prices had changed in quote or renewal documents.

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