Car insurance surged 50% in six years. Insurers don’t tell customers why

AdvertisementBusinessConsumer affairsGeneral insurance Car insurance surged 50% in six years. Insurers don’t tell customers why Elias Visontay August 11, 2026 — 5:00am Save You have reached your maximum number of saved items. Motor insurance premiums have risen 50 per cent in six years, with the financial regulator scolding insurers for failing to properly explain their price hikes to customers. “There is no excuse why some insurers cannot communicate such a basic benefit to customers,” Kirkland added. “We’ve been introducing more expensive vehicles to our roads, so as we switch to these vehicles, insurers are on the hook for more if a car needs repairs,” Ledovskikh said.