581 days ago

Insurance premium increase inconsistency

Hi all, I recently got my annual contents insurance renewal, and let out a few words that cannot be repeated here when I read my premium had increased 23% for the next year, now 40% in 3 years. So I looked at what I own, and calculated I could drop the insured value by 30% - I rang the insurer and asked them to recalculate based on the new number, and they advised that they could reduce the premium by only 9%. I do not accept that a 30+% reduction in insured value, equating to only a 9% reduction in premium, is arrived at using their standard calculation tables - I believe they are applying non linear "adjustments" (lets call them "spite adjustments"), to spite us for wanting to reduce upward spiraling premium increases, AKA to keep sucking us dry. I'd like to hear the stories of others who have tried as I have to reduce their premiums but have been offered what is frankly an insultingly measly reduction in premium for such a significant decrease in insured value - EDIT - the insurer made over A$100M in profit in the prior fiscal year, I'm with AA

More messages from your neighbours

1 day ago

Poll: Are our Kiwi summer holidays helping us recharge, or holding the economy back? ☀️🥝

The Team from Neighbourly.co.nz

There’s growing debate about whether New Zealand’s extended Christmas break (and the slowdown that comes with it) affects productivity.

Tracy Watkins has weighed in ... now it’s your turn. What’s your take? 🤔

Are our Kiwi summer holidays helping us recharge, or holding the economy back? ☀️🥝

73% We work hard, we deserve a break!

73% Complete
17.5% Hmm, maybe?

17.5% Complete
9.5% Yes!

9.5% Complete

263 votes

Local Highlight

2 hours ago

Have you seen Rowena?

The Team from Canterbury Police

Police are urgently appealing for sightings of Rowena, 39, reported missing from Christchurch.

She was reported missing to Police on 22 October 2025, and was last seen on 14 August 2025. Rowena hasn’t been in contact with her children and her family are worried for her safety.

Police investigating her disappearance have identified her as being in Auckland, Tauranga and Christchurch in the recent months prior to her missing person report being made.

If you have seen Rowena, or have any information regarding her whereabouts, please contact us immediately.
You can contact us via 105 either over the phone or online at 105.police.govt.nz, clicking “Update Report” and referencing file number 251022/9026.
Information can also be provided anonymously via Crime Stoppers on 0800 555 111.