Published: 8 April 2025
Top insurance trends to look out for in 2025
As the insurance market appears to be stabilising, homeowners should be conscious of their key risks and securing adequate coverage, particularly considering the growing impacts of climate change. Below, we outline the most important insurance trends to watch for in the coming year.
We are seeing increased capital availability from our network of insurers. This means that, on average, insurers have more funds available to provide protection for more homes, cars or belongings; however, in areas where there is high hazard risk, we are seeing no significant increase in capacity.
After a few years of significant increases, insurance premiums are showing signs of stabilisation and are increasing at a slower rate. In many regions, there are indications that private motor premiums are starting to level off. Factors driving this trend include a more favourable claims environment following a year without major weather-related events in 2024, as well as heightened competition among insurers.
The storms in New Zealand in 2023, along with recent overseas events like Australia’s cyclone and the wildfires in Los Angeles, are prompting insurers to reassess their risk exposure, especially in regions vulnerable to natural hazards. Furthermore, most insurers are determining home and contents pricing based on the property's location, meaning homes in natural hazard zones - such as those near a fault line, in a flood zone, or on unstable land – may experience higher insurance premiums.
With the market changing, it’s a great time to chat with your broker, who can offer advice that’s tailored to your unique situation.
Any questions? Get in touch with your Rothbury broker.
Disclaimer: The information provided in this article is for general informational purposes only and does not constitute legal, financial, or professional advice. For specific advice tailored to your situation, please consult with a qualified professional.