What is the Car Insurance industry?
The geographic spread of businesses in the industry generally follows that of the population spread and distribution of vehicles in Australia. New South Wales is estimated to account for 39.7% industry enterprises while generating 40.2% of industry revenue. Revenue in New South Wales is proportionately higher than the percentage of enterprises, as the average premium paid by NSW drivers is higher compared with other states. This can partly be attributed to a higher proportion of claims made in the state. Victoria is the second largest state in terms of revenue and enterprises, closely followed by Queensland and then Western Australia. The remaining states account for approximately 10.0% of industry revenue and enterprises combined... purchase to read more