It turns out age isn’t just a number when it comes to your insurance, with new research from Compare the Market showing drivers in high-risk age groups could pay up to $1,200 more than motorists deemed to be less risky. New road users – 17-year-olds on a P1 provisional licence – had the highest average […]
Compare the Market is urging Australians planning an overseas holiday to consider the growing risk of natural disasters, after a wave of major events have struck popular destinations around the globe. In recent weeks, Europe has been gripped by record-breaking heatwaves, with temperatures soaring above 40°C across several countries, while volcanic activity has disrupted flights […]
Electric vehicle drivers could potentially save up to $1,800 a year by taking advantage of an EV energy plan offer according to a new analysis by Compare the Market. With EV sales up 157% year-on-year in April, thousands of people could potentially benefit from new electricity offers for EV owners. Consumers on market-leading deals could […]
Households could be in for another price shock when electricity retailers adjust their market rates on 1 July, with new daily supply charges driving potential bill rises. Letters have started arriving in inboxes informing customers of retail offer price changes. Compare the Market has analysed two examples where pricing adjustments varied across bill structures. For […]
A new survey by Compare the Market has found that many Australians have changed the way they use energy at home due to the rising cost of living. The report revealed that almost a third (30%) had made significant changes to their energy habits, while 46% had been affected by rising costs, and 17% said […]
More than half of Australians (56%) plan to splash cash in End of Financial Year (EOFY) sales, with consumers set to fork out $593 on average according to Compare the Market data. Topping the shopping list was fashionwear (34%), followed by a new smartphone (21%), and kitchenware (19%). More than one-in-five Australians (23%) said they […]
An end to the long and winding road to cheaper fuel could finally be in sight, with a likely peace deal in the Middle East helping to stabilise oil prices. But just as relief feels near, the government is set to put the brakes on its temporary fuel excise relief on 1 July – which […]
Australians with a mortgage can breathe a little easier, with the Reserve Bank today sparing them a fourth consecutive rate hike that would have taken the cash rate to its highest level since 2011. The previous three 0.25% increases have already added around $342 to monthly repayments on the average loan of around $736,000, adding up to an […]
Compare the Market is urging Australians to review their unused subscriptions this mid-year, with data revealing consumers could be wasting more than $1,600 annually on streaming services and the gym. The nationally representative survey found, of the 50% of Australians who were unnecessarily paying for subscriptions, almost six-in-10 pointed their Netflix video streaming subscription. This […]
Electricity price safety nets are set to fall for the first time in six years in many regions from 1 July, with some households projected to save up to $229 on their annual bills. Compare the Market’s Economic Director, David Koch, said the reductions remained a “big win” for consumers already experiencing financial pressure from increased fuel […]
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