Home insurance for cost campaign strikes a nerve

 Home insurance

AUSTRALIANS fed up with home insurance premiums doubling in just five years are demanding a better deal. More than 21,000 people have signed up to the News Corp Australia MoneysaverHQ initiative in less than three days, joining the fight for lower cost insurance deals. Together with consumer movement One Big Switch they are on the hunt for a better home and contents insurance deal. One Big Switch spokesman Joel Gibson said the huge response to the campaign indicated consumers had enough of being gouged by policy price hikes. “The numbers show we have hit a nerve. Consumers were waiting for this campaign and for someone to do something about home and contents insurance premiums,’’ he said. “It confirms our suspicions that this was a bill that was really starting to hurt people. “It’s similar to what happened with electricity a few years ago.
There was price rise upon price rise, and all double digits, and people were really starting to feel the pain.” Queenslanders have led the fight for cheaper insurance with more than 8800 people signing up, following by NSW (8000), Victoria (2300), South Australia (1200), Western Australia (780), the ACT (200), Tasmania (270) and the Northern Territory (30). Using supporters’ leverage, One Big Switch will negotiate a deal with insurers to get a lower cost insurance deal. News Corp Australia will earn a commission from people who take up a discount deal. One Big Switch will also earn a commission. However, as with our health insurance push, those who join this home and contents campaign are under no obligation.

News Source : www.news.com.au