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AAP
AAP
Business
Will Nicholas

Premiums rising at double inflation rate, insurer says

Insuring properties and vehicles is getting more expensive, with premiums outpacing inflation. (Dave Hunt/AAP PHOTOS)

Australians are paying more for insurance, with premiums growing almost twice as fast as the price of other goods and services, the nation's biggest insurer says.

Inflation in the insurance industry is hovering at about six per cent or more a year, Suncorp Group's boss told an earnings briefing on Wednesday.

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