![](https://www.nzherald.co.nz/resizer/v2/UIZTCYPU5VIZO5A3IQTOT74ICQ.jpg?auth=912959541b54c79e31d19f18973fc9a52532fe5b10055e9e510d1e87c555cf40&width=16&height=2&quality=70&smart=true)
• Insurance premiums to rise by up to $69/year
• Earthquake levy rises to $20c per $100 of cover
• Natural Disaster Fund to rise to return to "safe" levels by 2027
Homeowners' insurance premiums are set to rise by up to $69 a year, as government aims to top up a natural disaster fund depleted by the Canterbury and Kaikoura earthquakes.
At present, insured homeowners pay a premium rate of 15c per $100 of insurance cover, to a maximum of $207 a year.
As of November, that will rise to 20c per $100 of cover, to a maximum of $276 a year.