Auto insurance market report: What’s happening in the market?
In Australia, the market is still a little unsettled.
The biggest issue that will be affecting many owners is the new tax laws introduced by the state government, which will mean a significant reduction in the amount of tax-free savings available to many drivers.
There are also a number of new rules on where and how you can buy insurance.
Read on to find out what the experts are saying about the market, and what you can expect in the coming weeks.
What’s Happening In The Market The Australian Insurance Industry Association (AIAA) estimates that the AIAA will report an estimated $3 billion in revenue during the financial year ending March 2019.
The AIAI says that the impact of the tax changes will be significant for insurers in the insurance market.
There will be no more tax free savings available in the AICA’s calculations, and this will lead to the need for a significant increase in premiums.
The number of insurance companies will be cut from more than 1,600 to around 900.
The average AICAs premiums are set to increase by 20 per cent.
What this means for You In the insurance industry, the most important driver for how much money you can make on your policy is how much you spend.
The majority of drivers have a policy with a high deductible and no out-of-pocket expenses.
This means they can make a lot of money on the policy, but there’s also a huge number of drivers that don’t have this kind of a policy.
If you’re one of these drivers, you might want to take a look at the following factors to determine whether or not you want to invest in an AICAS policy: whether you’re using the AIPP as a primary vehicle.
If this is the case, the insurance company will be responsible for any damage to your vehicle that occurs when you’re in your AIPPS.