Severe weather events
If you’re a Queensland local, you may occasionally experience severe weather events, like floods or hailstorms.
Unfortunately, living in an area that’s prone to unpredictable and damaging weather could impact your car insurance costs.
These weather events aren’t easy for insurers to manage, as they result in more car insurance claims than usual. This means more money will be spent on staffing costs, as well as car repairs and replacements.
With potentially more events on the horizon, insurers in Queensland must factor the risks of severe weather into car insurance premiums.
Being covered for weather events is something to consider when you compare car insurance cover.
Supply chain issues
If you’re in the market to buy a new car, or you’re just trying to get your vehicle fixed at your local auto shop, you may have to wait longer than usual.
Vehicles and auto parts are in high demand and low supply, which has put pressure on the supply chain.
Australia’s auto supply chain issues have resulted in:
- Longer waiting and repair times
- Higher repair costs for cars with new technology
- Increased importing expenses
- Skilled labour shortages
When calculating your car insurance price, insurers consider the extra time it will take to repair and replace vehicles and how much more it will cost them for longer turnarounds.
What is RACQ doing
As RACQ is owned by our members, we try and keep car insurance premiums as low as we can. However, we still want to be able to continue providing quality car insurance products and great customer service to Queenslanders.
To help our members, RACQ provides savings on fuel and car retailers, as well as discounts on windscreen repairs and replacement, vehicle inspections, batteries and more.
Know that you have choices when it comes to your RACQ car insurance policy. You decide the optional extras you would like to take on. You can choose your payment frequency as well as your excess amount. This can help make your car insurance cost more manageable and suitable to your needs.