Average home insurance tops $2,000 with 40% rise in two years

Experts Belinda Storey, Kris Faafoi and Simon Young. (Image: Supplied/NZME)

Thu, 11 Sep 2025

The cost of insuring a home in New Zealand has surged past $2,000 a year on average – a 40% increase over the past two years – as insurers respond to rising climate risk, escalating rebuild costs, and a shift towards more granular, risk-based pricing.A BusinessDesk analysis of Statistics NZ CPI data and Treasury data of dwelling insurance prices has found the recent growth in premiums follows back-to-back weather catastrophes – the Auckland Anniversary floods and Cyclone Gabrielle in early 2023 – and coincides with recor...

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