Australians willing to pay more for peace of mind

BRISBANE, Australia, Nov. 5, 2024 /PRNewswire/ -- Recent research conducted by Budget Direct^[1] Home Insurance provides insight into what Australians think about home burglary, how they equip their home and where they want to live.

Many of the survey respondents implemented security measures to prevent break-ins with over half having deadlocks installed, half having security screens and nearly 40% having floodlights and/or sensors and security cameras.

Australians are looking to live in safer suburbs with almost 60% of the survey respondents willing to pay slightly more to live in a safer suburb and almost 20% willing to pay significantly more to live in a safer suburb.

For female participants and those who had previously experienced a break-in, suburb safety was particularly important.

Up to 60% of female participants were willing to pay slightly more to live in a safer suburb and just under half of previous break in victims would pay significantly more to live in a safer suburb.

The percentage of survey responders who have experienced a break-in in the last 12 months sat at 8%. 

This statistic is higher for young Australians (16%) and those from Western Australia (10%).

According to the survey participants, stolen property was the most common consequence of a break-in, and personal items were what was typically stolen.

Women were more likely to have property stolen during a break-in while men were more likely to have a confrontation with the thief.

Younger Australians were also more likely to confront the thief as well as have their property damaged.

More than 40% of Australians thought that money, purses or wallets were most likely to be stolen in a home robbery.

However, what is actually stolen during home burglary isn't what many Australians expect with the ABS^[2] stating that bicycles and keys were just as likely to be stolen as money and wallets.

It's not just contents inside the home that are at risk of burglary with Australians also needing to consider the safety of their parcels.

The number of respondents who had their parcels stolen doubled from Budget Direct's last survey in 2022.

Almost two thirds of participants who had experienced a break-in also had their packages stolen.

For the full breakdown and further insights from the Budget Direct Home Burglary Survey visit here.^[3]

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DISCLAIMER

Budget Direct Insurance is arranged by Auto & General Services, ABN 61 003 617 909, AFSL 241411. Registered Office: 13/9 Sherwood Road, Toowong 4066 on behalf of the insurer, Auto & General Insurance Company Limited ABN 42 111 586 353.

This is general information only, and does not take into account your particular objectives, financial situation and needs and you should consider whether it is appropriate for you, having regard to these factors before acting on it. Read the Product Disclosure Statement, Target Market Determination, Financial Services Guide, Key Fact Sheets available at budgetdirect.com.au^[4], and consider if the product is right for you before deciding to purchase or continue to hold the product.

While Budget Direct has endeavoured to ensure the information we've relied on is accurate and current, we do not guarantee it. Budget Direct accepts no liability for this information.

References

1. ^{^} Budget Direct (www.budgetdirect.com.au)
2. ^{^} ABS (www.abs.gov.au)
3. ^{^} here. (www.budgetdirect.com.au)
4. ^{^} budgetdirect.com.au (www.budgetdirect.com.au)