Top 10 Car Insurance Companies In Australia
As a responsible and legal driver, you are undoubtedly aware of having insurance for your vehicle, but you are unaware of their types and how to use them, or you may not have a complete understanding of what kind of insurance you need. So you should know that there are many choices.
Reading the Top 10 Car Insurance Companies In Australia article will help you check the top insurance companies available and narrow down the options and choose the best insurance for your car.
Surely you know that according to the law, all drivers are required to have their own car insurance. Because this allows the driver to have support in the event of an accident that causes injury to a person, vehicle or other things. Depending on the type of policy you have, car insurance coverage includes the cost of repairing damage caused by an accident, vehicle theft, or damage to the vehicle.
Insurance companies exist to provide financial support to you, your family, your passengers and your vehicle. So, for your information, we discuss the top ten insurance companies in Australia.
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10. Budget Direct Gold Comprehensive Car Insurance
positive points of this company:
● Thumbnail icon for Budget Direct
● 15% discount for buying online
● New-for-old vehicle replacement (see conditions below)
● 2022 Mozo Experts Choice Award winner
Illustrations:
This policy includes useful features that can help keep you on the road, like hire car cover for 14 days after a theft or not-at-fault accident (up to $1,000 in total). You’ll also be covered by new-for-old car replacement (when the car is under two years old or has driven less than 40,000km), $500 of personal property cover and $1,000 for replacement keys.
9. Youi Comprehensive Car Insurance
positive points of this company:
● Thumbnail icon for Youi
● Complimentary emergency roadside assistance
● New-for-old-car replacement (within 2 years)
● $1,000 limit on emergency repairs and accommodation
Illustrations:
Youi’s exceptional value policy features many flexible options you may be after at an affordable price. In an emergency you can access up to $1,000 to cover repairs without an insurance assessment, or choose to use those funds for accommodation and travel if you’re more than 100km away from home.
Emergency roadside assistance is also included as standard in this policy. You’ll be able to get back onto the road after a theft or an accident where you’re not at fault with Youi’s hire car cover (for up to 14 days).
Youi also offer new car replacement if your vehicle is written-off and under two years old and you bought the car new or as a dealer demonstrator model.
8. Rollin’ Comprehensive Car Insurance
positive points of this company:
● Thumbnail icon for ROLLiN’
● Monthly premiums available at no extra cost
● $0 excess for windscreen cover
● 2022 Mozo Experts Choice Award winner
Illustrations:
Previously known as Poncho Car Insurance, Rollin’ aims to keep cover as simple as possible by offering monthly payments at no additional cost and cover you can cancel any time without penalties.
The winner of Mozo’s Exceptional Value Young Driver Insurance award, this comprehensive policy covers damage to your car in the event of an accident, storm or theft, and if there’s less than 15,000km on the odometer Rollin’ will replace your car if it’s written-off with a new comparable model.
If you damage your windscreen or window glass, repairs will be organised without you having to pay any excess . And for other claim types, you’ll be looking at a single $800 excess for all listed drivers, making this a good option for drivers under 25 who might otherwise face an additional young driver excess.
7. Virgin Money Comprehensive Car Insurance
positive points of this company:
● Thumbnail icon for Virgin Money
● 15% buy online discount (for the first year’s premium)
● Up to 15% no claims discount
● Automatic hire car cover after theft or not-at-fault accident
Illustrations:
You’ll be well taken care of by a Virgin Money Comprehensive Car Insurance policy in an emergency. It covers up to $200 per-day in travel and accommodation costs after an accident (maximum $1,000 in total), plus $500 in emergency repairs to get your wheels back on the road, as well as hire car cover for 14 days (up to $1,000) to keep you moving.
Hire car coverage is included as standard after a theft or not-at-fault accident, but is only an optional extra for at-fault accidents. If you apply for the policy online, you’ll be treated to a 15% discount on your first yearly premium. And if you keep a clean claims record, you could build up a no claims discount as high as 15% .
6. Australia Post Comprehensive Car Insurance
positive points of this company:
● Save $100 on your first year’s premium when you buy online
● New-for-old car replacement (under 3 years and 60,000km)
● $1,000 personal property cover
● Excess-free windscreen repairs
Illustrations:
Australia Post’s comprehensive car insurance policy is a Mozo editor’s pick of the month. New customers who purchase a comprehensive car insurance policy from Australia Post may qualify for a $100 online-only saving on the first year of their premium.
An AusPost policy keeps things simple with modifications and car accessories included as standard. Getting your windscreen or window glass repaired is similarly simple, as you don’t have to pay any excess on this kind of claim (although you may have to pay excess on a full replacement).
Other generous features include $1,000 of personal property cover for items inside your car, up to $1,000 cover for emergency travel and accommodation if you’re more than 100km away from home, and new-for-old replacement if your car is written-off (up to 3 years old and driven under 60,000km).
5. QBE Comprehensive Car Insurance
positive points of this company:
● Thumbnail icon for QBE
● Cover for accidents, fire damage and theft
● Option to pay monthly premiums
● Your choice of excess between $300 to $2,550
Illustrations:
When you take out a QBE Car Insurance policy online you could save $75 off your first year’s premium. If you like, you can add the option to have your choice of repairer (for an extra premium). Plus, QBE lets you insure your ride for agreed or market value.
Besides these perks, this policy has excellent post-accident support. You’ll get hire car cover for up to 14 days following a theft, or in the case of a not-at-fault accident. For at fault accidents, a hire car will only be provided if you opt-in for the optional extra (which will bump up your premium). QBE’s policy may cover your car for essential repairs up to $500, and emergency transport and accommodation up to $1,000.
4. RAA Comprehensive Car Insurance Policy
positive points of this company:
● Thumbnail icon for RAA
● 10% discount for Seniors Card holders
● Access to RAA member benefits
● Repairs guaranteed for life
Illustrations:
RAA took out awards in five of the six categories of the Mozo People’s Choice Awards this year, including awards in the Outstanding Customer Satisfaction and Excellent Claims Experience categories. For those with Seniors Cards, RAA offers a 10% discount.
The RAA comprehensive car insurance policy comes with unlimited, excess-free windscreen and window repair or replacement, cover for theft and malicious damage (including up to $1,000 for personal effects if stolen), fire, flood, and hail damage, and much more.
Plus, this policy also provides new-for-old car replacement if your vehicle is written-off (so long as the car is less than two years old and you’re the first owner).
With your choice of repairer, plus authorised repairs which are guaranteed for the life of your vehicle, and access to RAA membership benefits, an RAA comprehensive car insurance policy is one to consider.
3. Apia Comprehensive Car Insurance
positive points of this company:
● Thumbnail icon for Apia
● Drive less, pay less discounts available
● New-for-old car replacement (under 10 years old)
● Repairs guaranteed for life (authorised work only)
Illustrations:
Apia won six Mozo People’s Choice Awards in 2023 across each of the car insurance categories, including one for Outstanding Customer Satisfaction, Excellent Customer Service, and Excellent Claims Experience.
Apia offers a 10% discount on your first year’s premium when you purchase a comprehensive car insurance policy online, while also offering a discount for customers who drive less than 20,000km per year.
With Apia comprehensive car insurance you have the choice of insuring your ride for an agreed value or for the car’s market value, could be eligible for new-for-old car replacement if your vehicle (less than 10 years old) is written-off, and can rest assured that authorised repairs are guaranteed for life.
2. Australian Warranty Network Car Insurance
ositive points of this company:
● Agreed or market value
● New-for-old car replacement (under 2 years old)
● Thumbnail icon for Australia Post
● Low-km drivers may have their premium reduced
Illustrations:
AWN received ratings of 4.7 for transparency, 4.7 for value for money, and 4.7 for customer service on productreview.com.au. Customers commended the insurer’s quick response to enquiries, excellent service, and efficient claims process.
AWN is known for its mechanical breakdown insurance, which provides coverage for various vehicles, such as cars, motorbikes, scooters, motorhomes, and caravans. Its other products and services are general insurance, administration and claims management, roadside assistance, asset protection, and training programmers.
1. Australian Seniors
positive points of this company:
● Hire car after an accident when you weren’t at fault
● Simplified excess
● Unlimited, excess-free windscreen and window repair or replacement
● Offer: Save 10% when you buy your first year’s premium online
Illustrations:
According to the productreview.com.au website, Australian Seniors is the top-ranking car insurance provider in Australia, achieving ratings of 4.6 for transparency, 4.7 for value for money, and 4.7 for customer service. Notably, of the 92 people the website reported as having made a claim, 88 had their claim approved.
Australian Seniors car insurance policies are underwritten by Hollard with comprehensive, third-party property damage and third party, fire and theft cover options available. Legal liability cover can be included up to $20 million, while roadside assistance is available as an optional extra.
Conclusion
The introduced insurance companies each have high scores in Australia and each of them provides positive services to customers in a way. In general, it is not possible to say which insurance is the best insurance in this country. Because according to the description of this article, the best car insurance can be the insurance that you need.
So check the needs and conditions of your car. Check out the benefits and services offered. Make a choice and choose one of the ten car insurance companies. Note that choosing any of these insurance companies can be the best choice for you.
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