Chris Lynch: Insurance costs now a major financial burden as trust in the industry collapses

New Zealanders are sounding the alarm over skyrocketing insurance costs, with new data showing it has become one of the country’s most pressing financial burdens.

Consumer NZ’s latest Sentiment Tracker reveals insurance is now the fourth biggest financial pressure for households, behind housing, food, and debt — up from sixth place in October 2024. The rapid rise reflects widespread frustration as premiums for house, contents, car, and health cover continue to climb.