RACQ has again pressed for the scrapping of home insurance taxes ahead of the Queensland elections on October 26.

The motoring club, which has a personal lines insurance division, says the next government must remove the 9% stamp duty on home policies, or “at the very least” invest the revenue in disaster mitigation to reduce premiums.

It says Queenslanders face a “double tax” on home insurance – the 10% GST on premiums, plus the stamp duty.

Its state election priorities survey found almost 60% of respondents ranked ditching the double tax among their top five wishes; among regional Queenslanders it placed third.

“The double tax on insurance is hurting hard-working Queenslanders at a time when household budgets are really feeling cost-of-living pressures,” RACQ GM advocacy Joshua Cooney said.

“Stamp duty on home insurance is a bad, inefficient tax that restricts Queenslanders from fully protecting their most valuable asset.”

RACQ says the state government collects more than $1.4 billion a year through stamp duty on insurance, doubling over the past decade.

“For those in areas at high risk of flood and cyclone, insurance premiums are higher and so too is insurance tax,” Mr Cooney said.

“It’s never been more important for homeowners to have the right coverage and, unfortunately, these taxes may be forcing people to reduce or ditch their insurance altogether.”

The motoring club has also called for a significant boost to the Household Resilience Program (cyclones) and the Resilient Homes Fund (floods) in its election priorities campaign.

“Since the inception of the Household Resilience Program, more than 4400 homes have had improvements like roof upgrades, braced garage doors and window protection put in place,” Mr Cooney said. “For Queensland to become the most climate-resilient state in Australia, we need better forward-planning from all levels of government and for these disaster mitigation programs to be expanded.”