The knock-on effect of the recent floods on Australia’s east coast will affect car insurance premiums for all Australians as well as push up the prices of used cars and parts, says Ms Kate Brown, head of research at the personal finance marketplace and advice company Compare Club.
With thousands of damaged cars needing to be repaired or replaced, Ms Browne said, “Australians should prepare for the cost of vehicle ownership to increase. We’d expect to see car…
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