‘Angry’ Aussie summer set to inflate car insurance premiums

AutoExec Summary
The Insurance Council of Australia has warned of potential increases in motor vehicle insurance premiums due to a series of natural disasters, including bushfires, floods, and hail storms. Campbell Fuller, a representative of the council, highlighted the strain on insurers in processing claims and providing assistance to affected customers. While premiums have remained stable in recent years, the frequency of these events may prompt insurers to reassess pricing. Fuller also advised caution for car buyers considering vehicles damaged by hail, emphasizing the need to understand insurance implications and ensure repairs meet expected standards.

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