Customers weighing up worth of insurance to battle rising costs

A rising number of people are considering ditching insurance, taking a gamble to cope with rising prices. New figures from Centrix show almost half a million people are behind on debt repayments, with nearly 22,000 in mortgage arrears. Company liquidations have risen 27% year-on-year. Stats NZ figures show as at March last year house insurance was up almost 25 %, contents insurance up about 28% and car insurance up almost 23% compared to the previous year. Checkpoint spoke to a number of people weighing up the cost of insurance.