@madamswer; you missed the RACV price increases from 2016 to 2023 [32% in seven years] vs from 2023 to 2024 [26% in one year].
That data documents brazen price gouging by the RACV - even worse when you add in the loss of market value of my car and the increases in the Excess.
You've also ignored the facts previously mentioned above: . That we're decades long RACV members who've NEVER made a major claim on any insurance policy we have with the RACV. . That my car does relatively few trips these days - ~ 8,000 kms per year vs 40,000 kms per year decades ago
Because insurance companies exploited personal damages insurance governments took back control - now part of annual registration fees and arguably great value and great outcomes for all.
It's increasingly apparent that insurance companies are unfit for purpose with defaults by those selling funeral cover and ridiculous premiums for crap cover on cars, homes, travel and contents. We need government to reclaim the field and purge insurance companies from Australia.
