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Why are car insurances getting so expensive?
Published 1 week, 5 days ago
Description
If you thought your car insurance was getting more expensive, you're not alone.
Premiums soared above inflation in the 2024-25 financial year and the corporate regulator ASIC has put some car insurance companies on notice for failing to explain why costs are rising.
While the insurance sector says there's valid reasons for the trend, ASIC's investigation reveals there's still room for companies to charge less.