Key trends that will influence the car insurance industry in Australia in 2024 include:
Continued Price Rises
Claims inflation should slow in 2024, but not drastically—so expect to see your car insurance costs continue to rise. Jaroudy told ForbesAdvisor he expected vehicle price increases to moderate and supply chains to improve.
“The result is that we’re likely to see further premium increases in 2024, but these are unlikely to be a repeat of the record increases…
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