“In recent years the RACV has increased the cost of insurance on my 2014 model car from $466 with a $400 Excess in 2016 to $618 with a $700 Excess 12 months ago. That's a 32% increase”
What is it about you neo-Marxist types and your predilection for financial illiteracy?
A 32% increase over 8 years equates to an average annual increase of 3.6% per annum. That’s basically in line with the rate of inflation.
And besides, the RACV is a mutual organisation.
Which means it is owned by its members, i.e. you.
So the extent you are being gouged, well the beneficiaries of that gouging are the owners of RACV; in other words … er … you.
Unwittingly, you have gouged yourself.
And even worse: your being an owner of RACV, means you have effectively reported yourself to the ACCC.
Been a while since I’ve enjoyed a laugh at something as ludicrous as this.
