News eDaily18 Apr 2017

Australia:One in 7 Aussies don't have any insurance

18 Apr 2017

Australians are more concerned with insuring their vehicles than protecting their personal health, well-being and finances, according to a study by customer research firm, Pureprofile.

The study, which surveyed 1,000 people, analysing their attitudes towards insurance coverage, found 72% of Aussies have comprehensive car insurance and 62% have home and contents insurance. Just 55% have private health insurance, 22% have life insurance and only 12% have income protection.

One third have low or no insurance and one in seven adults (14%) do not have any insurance at all.

Despite half of all respondents considering private health insurance to be "very important" or "essential", a quarter of those who actually have a health insurance policy rated it as "only somewhat important".

Costs (71%) and benefits (42%) are key reasons behind people's decisions not to take out health cover.

In health insurance, renewal notifications have encouraged many Australians (46%) to switch insurers and comparison websites were used by more than half (54%) of those seeking new policies. One in six Aussies (16%) have switched private health insurance providers at least once in the last three years.


 


 

| Print | Share

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 

Recent Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.

Other News


Follow Asia Insurance Review