There is no doubt many insurance policy premiums are increasing with public concerns growing around RAC’s insurance offerings specifically.

Several callers reached out to Perth Live to mention their recent premium issues, some noting their cars value decreasing but their premiums on the rise.

RAC General Manager of External Relations Will Golsby told Oliver Peterson on Perth Live they have definitely seen premiums and renewals on the increase but there are a variety of factors as to why, including market volatility and supply chain costs.

“Most of the increases are between 4 and 19%…we’re seeing reinsurance increases across the board, so weather events are happening more rapidly, there’s more uncertainty,” Mr Golsby said.

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