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John Duffy: Consumer NZ CEO on the increasing costs of car insurance
Owning a car is getting more and more expensive.\xa0
Online Insurance Platform Quashed reported a 40% increase in average comprehensive and third-party quotes over the last year. \xa0
Stats NZ is reporting a 22.6% overall.\xa0
Consumer NZ CEO John Duffy told Mike Hosking that there\u2019s a lot of causes behind this, but a big one is unforeseen weather events such as Cyclone Gabrielle.\xa0
He said that insurers are seeing that that kind of event could happen again, and are updating their pricing accordingly.\xa0
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