Thousands join home and car insurance campaign for better deal

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MORE than 16,000 Australian households have signed up to chase a cheaper deal on their home and car insurance.

The Big Insurance Switch campaign, run by consumer network One Big Switch, is aiming to attract 30,000 households to unlock group discounted insurance offers.

It says statistics show that the cost of home insurance has climbed 38 per cent in four years, more than four times the pace of inflation. And car insurance costs can vary by up to 80 per cent for similar cover, so it pays to shop around.

One Big Switch campaign director Joel Gibson says the campaign is going strong.

Were also ruffling some feathers, with everyone from insurance companies to insurance brokers and comparison websites coming out to criticise the campaign because it will make it easier for consumers to compare home and car insurance prices, he says.

We agree that no one should choose their cover based on price alone, but we think it should be easier to shop around on both price and product features.

Gibson says One Big Switch has received support from Senator Nick Xenophon and Labor Senator Katy Gallagher for a website that would make it easier to shop around for home and car insurance. The support in Canberra is building so watch this space, he says.

A One Big Switch survey found that one in three Australians have never switched home insurer and one in four had never switched car insurer.

Of those who had switched home insurance, almost nine out of 10 reported a saving of at least $100. Eighty-six per cent of car insurance switchers saved money, with half saving more than $100 and one quarter saving more than $200 a year.

There are millions of dollars in potential savings sitting on the kitchen tables of Australian families, and we want to help everyone to access them if they can, Gibson says.

One Big Switchs campaign will run for at least another week, and it aims to have group-discounted offers available soon after November 21.

To sign up go to this site

There is no obligation to take up any offer.

News Corp Australia and One Big Switch will earn a commission from any accepted deals. News Corp Australia is a shareholder of One Big Switch.