New Zealanders are spending less of their income on vehicle insurance, than they were a year ago
New Zealanders are spending less of their income on vehicle insurance, than they were a year ago
16 September 2025
Stats NZ figures show vehicle insurance premiums have risen 1.7 percent in a year, while wages and salaries rose 2.8.
That's a stark contrast to the year before, when premiums rose 23.7 percent, while wages and salaries only rose 5.5.
It follows a sharp drop in new vehicle sales.
The Insurance Council says increased competition and lower claims volumes are also being passed on to consumers.
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