Insurance premiums for your 4X4 are getting more expensive, but why? And how can you save a few dollars?
Have you received your 4X4 vehicle insurance renewal yet? If you haven’t, you’re likely to be in for a shock as our resident not-so-grey nomad Marty Ledwich found out recently when his arrived. Unfortunately, the news isn’t good. Premiums are on the rise. A couple of weeks ago, I was sitting in our new caravan, working on my laptop, looking for things to do during our visit to Canberra and thinking “how good is my life”. That was until my email pinged that I had received a notice for my car insurance renewal. Normally I would just flick this over to my wife who takes care of our finances and not give it a second thought but something inside me made me open it up and check it out. I had heard that premiums were on the rise. Crikey, that was an understatement. The next words that came out of my mouth cannot be repeated here. Suffice to say I had a bit of a shock. The insurance premium on our 200 Series LandCruiser had risen by 30%. No, that isn’t a typo. A 30% increase or an additional $300 per annum! Given we had not had any claims or changes in circumstances in the last 12 months, I was keen to find out what had happened. I called my insurer (who…
