Wellington house insurance costs double that of Auckland, data reveals

House insurance in Wellington is now about twice as expensive as in Auckland, according to new data. The average annual cost in Wellington is $4,467, compared to $2,014 in Auckland. Contents insurance follows a similar trend, being more costly in Wellington. Insurance premiums have risen significantly in recent years. Since 2019, contents insurance has increased by 58.7%, and dwelling insurance by 50.4%. Quotes for car insurance have also risen by 18% over the past year. Factors like earthquake and weather-related risks contribute to higher premiums in Wellington. Insurers are adjusting their risk assessments based on past earthquakes, making it harder for residents to find competitive quotes.