.jpg)
The majority of New Zealand drivers think third-party insurance should be compulsory, it has been revealed.
The new data from Canstar Blue, in a report from Westpac New Zealand, which involved a survey of 1,932 drivers, found that around three-quarters of respondents thought that third-party insurance should be mandatory.
The customer satisfaction agency said survey results repeated the findings from last year.
“The feeling is stronger again among baby boomers with a response rate of 87%, that’s nearly nine out of 10 people in that generation,” Canstar Blue general manager Jose George said. “Cars are often one of the most valuable items we own, both in terms of financial worth and convenience. Obviously, people want to be financially covered if they have an accident and they want to get back on the road as quickly as possible. Insurance is an enabler.”
According to Westpac NZ, the concept’s opponents say New Zealand already has a form of third-party insurance, for injuries at least, via the ACC system.
The research also revealed annual car insurance spend to be at $668, down $20 from 2017 – with Gen Yers paying an average premium of $693, $687 for Gen Xers and $613 for Baby Boomers.
“This was attributable to the higher risks for younger drivers,” it noted.
