New data from Roy Morgan shows that there were nearly two million more vehicle insurance policies in 2023 compared to 2022.
The substantial increase in Australia’s population after the winding down of COVID restrictions has contributed to an increasing number of registered motor vehicles on Australian roads. More motor vehicles have boosted the number of vehicle insurance policies, with the number increasing by 1.6 million between October 2022 (32.1 million) and October 2023…
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