People downgrading car insurance as policy costs rise

It appears more people are looking at downgrading their car insurance, to third party cover, as policy costs continue to rise. Figures from insurance price comparison website "Quashed" shows car insurance is up 7% compared to last year. Generally third party insurance covers someone for damage to other people vehicles and property, but not your own and is cheaper than a full insurance policy. Kris Faafoi from the Insurance Council of New Zealand spoke to Lisa Owen.