Opposition leader Peter Dutton has suggested that increased competition is necessary to address these rising costs. He proposed that, as a last resort, the government could consider breaking up large insurance companies found to be overcharging policyholders.

Consumer advocacy groups have echoed these concerns, highlighting the need for greater transparency in pricing and more options for consumers. The Australian Competition and Consumer Commission (ACCC) has also noted that insurance in northern Australia remains significantly more expensive compared to the rest of the country, further emphasizing the need for industry reform.

As discussions around potential reforms continue, it is essential for stakeholders to collaborate on solutions that promote competition and ensure insurance remains accessible and affordable for all Australians.

Author: Paige Estritori
Published: Monday 26th January, 2026

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