How to easily cut the cost of any insurance premium

Money

Insurance

Health insurance

Opinion

Nicole Pedersen-McKinnon Money contributor October 11, 2025 — 5.07am

Mention insurance to any Aussie and you will see pain flicker across their face – premiums are now hurting budgets badly thanks to a collision of factors from rising health costs and an ageing population, to natural disasters.

Indeed, insurers have sustained losses of nearly $2 billion from three events this year alone: ex-Tropical Cyclone Alfred ($1.43 billion), the North Queensland floods ($289 million) and the NSW Mid North Coast and Hunter floods ($248 million), says the Insurance Council of Australia.

And insurers’ inflation-adjusted annual losses from floods, bushfires, storms and freezing temperatures have tripled in the past three decades. So – across the gamut