Henry Man

Halfway through the year, almost one-in-five (19%) of Australians are yet to start their New Year’s resolutions, according to the latest data from Compare the Market, with rising costs proving a major setback. The consumer comparison experts’ mid-year check in found most Australians (71%) are still on track to achieve their goals by the end of the year, while an efficient 9% have already reached their personal targets.

It turns out age isn’t just a number when it comes to your insurance, with new research from Compare the Market showing drivers in high-risk age groups could pay up to $1,200 more than motorists deemed to be less risky. New road users – 17-year-olds on a P1 provisional licence – had the highest average insurance premium of all age groups ($3,897). They pay around $580 more on average than a 16-year-old learner, who may be less likely to have an accident by driving under supervision.

Electric vehicle drivers could potentially save up to $1,800 a year by taking advantage of an EV energy plan offer according to a new analysis by Compare the Market. With EV sales up 157% year-on-year in April, thousands of people could potentially benefit from new electricity offers for EV owners. Consumers on market-leading deals could save anywhere between $180 to $1,800 annually assuming a household consumes 15kWh and charges 20kWh daily.