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The New Daily
The New Daily
Matthew Elmas

Suncorp home insurance premiums soar as floods weigh on profits

Suncorp has hiked its insurance premiums in the latest cost of living headache for households. Photo: TND

Suncorp has hiked its home insurance premiums by almost 10 per cent on average after payouts from devastating floods weighed on its profits.

Australia’s second largest home insurer – which owns brands like AAMI and APIA – revealed the price rise in a release to investors on Monday, alongside a 4.9 per cent increase in average car insurance premiums.

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