Will there be price increases as a result of the upgrades?
Changes in price are due to a number of factors including but not limited to: more customers than expected making claims; forecast cost of claims; and increases in operational costs. These costs all flow through to the underlying premiums. Our analysis has shown that 80% of new business quotes will see an increase of less than $5.00. Any price changes will come into effect from 1 July 2018.