Why your car insurance costs are blowing up

Fuel, groceries, kids, mortgage repayments and even the humble can of Coke – few expenses have managed to escape the relentless grip of surging inflation rates.

To every motorist’s increasing frustration, car insurance bills are no exception – they’ve been hit by substantial increases in recent years, surpassing the standard inflation rate.

According to GlobalData [↗], the Australian motor insurance industry is projected to achieve a 12.2% growth rate in 2024, driven by…

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