Australia’s best insurance of 2022
Finding a great value insurance policy with all of the coverage and features you need can be a real headache-inducer, with the result that too many Australians spend too little time researching the best options for car, home, life and pet insurance each year.
The barriers to comparing insurance can hit us in the hip-pocket too, with Mozo's research revealing that Aussies could be paying hundreds of dollars extra in premiums each year for like-for-like insurance policies depending on which insurer you choose.
That's why every year, the Mozo experts put their 65 years of combined financial experience to use to assess Australia's best insurance policies for the Mozo Experts Choice Insurance Awards.^
Close to 200 policies spanning car, home, landlord, life and pet insurance were analysed by the Mozo judges to identify the best value and best quality options. Read on for our review of some of this year's standout winners for you to compare and consider here.
Best Car Insurance
Budget Direct Gold Comprehensive Car Insurance*
For the third year in a row, Budget Direct has taken out top honours as Mozo Experts Choice Insurance Provider of the Year, this time in the value category.^ Budget Direct's top-value Gold Comprehensive Car Insurance policy offers up to $500 of personal property covered, a separate $500 for covering baby capsules and another $1,000 to replace car keys and locks, plus new-for-old car replacement and the option to choose your own repairer after an insurable event. And don’t forget the feel-good bonus of a 15% discount when you buy the policy online (T&Cs apply).
ROLLiN' Comprehensive Car Insurance***
- Pay for insurance month-to-month, like a subscription, with no cancellation fees
- Mozo Experts Choice Exceptional Value Car Insurance Award Winner 2021
ROLLiN' is shaking up car insurance with a new pay-as-you-go approach that lets you pay month-to-month without any lock-ins or cancellation fees. So if you don't need to drive for a certain amount of time, you can simply cancel your cover without penalty and pick it back up when required. You'll enjoy 24/7 online claims support and a lifetime guarantee on authorised repairs, plus if you accidentally damage your windscreen, sunroof or window glass, ROLLiN' will fix them for free!
Best Pet Insurance
Pet Insurance*
- Annual benefit limit of $25,000 for accident and injury cover
- Flexibility to have between 70% and 90% of eligible claims covered
Knose Pet Insurance won Mozo Experts Choice Pet Insurance Provider of the Year^ for its flexible approach which makes it simple to tailor your pet insurance cover. Policyholders choose their desired annual limit, benefit percentage and annual excess to create a pet insurance plan for their needs. You can also select optional extras such as dental issues, behavioural problems and alternative treatments. To be eligible for cover, your pet needs to be at least 6 weeks and less than 9 years when starting insurance.
Major Medical Cover*
- Offers annual benefit limit up to $15,145 for accident and injury cover
- Covers up to 80% of vet bill claims
Pet Insurance Australia offers a choice of policy options including essential cover, comprehensive and major medical cover so that you can select an option based on your pet’s needs and your budget. Depending on which option you choose, you'll enjoy an annual benefit limit of up to $15,145. You’ll have a choice of excess and peace of mind knowing that your pet could be covered for both accidental injury and illness (some waiting periods and exclusions apply). And when you sign up online, you'll get the equivalent of two months shaved off your premium for the first year (T&Cs apply). Mozo Experts Choice Winner - Exceptional Value Comprehensive Pet Insurance and Exceptional Value Accident and Injury Pet Insurance.^
Best Life Insurance
NobleOak Life Insurance*
- Lump sum cover available up to $15,000,000 if you pass away or are diagnosed with a terminal Illness
- Funeral Advance Benefit of $15,000
NobleOak has helped protect Australians for over 140 years and has been crowned Life Insurance Provider of the Year by our experts after taking home seven trophies in the Mozo Experts Choice Life Insurance Awards.^ NobleOak are known for their extensive policy coverage and features which come with competitive premiums. You can attain cover if you are aged between 16 and 69, with renewal available up to age 99. Get 2 months free when you apply for one or more life insurance cover types available under Premium Life Direct before 30 June 2022 (T&Cs apply).
NobleOak Premium Life Direct Income Protection Insurance*
- Insure up to 70% of your pre-tax income (up to $30,000 per month)
- Provides monthly payments to help you and your family if you’re sick or injured and can’t work
NobleOak’s Premium Life Direct Income Protection Insurance (Disability Income Insurance) gives you peace of mind with monthly payments for a specified benefit period helping you replace some of your income if you can’t work as a result of a serious illness or injury. With this cover you can choose either a 30 or 90 day waiting period, and a benefit period of 2 years, 5 years or to age 65. You can attain cover if you are aged between 18 and 55, with renewal available up to age 65. Get 2 months free when you apply for one or more life insurance cover types available under Premium Life Direct before 30 June 2022 (T&Cs apply).
Best Home Insurance
Budget Direct Home & Contents Insurance*
- 30% combined apply online discount for your first year's premium
- New-for-old contents replacement cover
Offering extensive protection for your home and belongings at an affordable price, Budget Direct is Mozo’s Value Insurer of the Year.^ This comprehensive home and contents insurance policy offers an impressive list of extra features like new-for-old contents replacement, cover for portable items, and emergency accommodation for up to 12 months (or 10% of the sum insured) for you and your pets. You’ll be protected against a range of natural disasters and there’s a heap of contents included – just check your PDS for limits on specific items. And if you're after combined home and contents cover, you’ll score a 30% discount on your first year’s premium just by purchasing a new policy online. Too easy.
^Head to the Mozo Experts Choice Awards page to learn more about the winners and judging process for the latest Mozo Experts Choice Insurance Awards.
* Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
^See information about the Mozo Experts Choice Car Insurance Awards