Car insurance shake up offers driver savings
Something big has been happening in the world of car insurance. The industry has undergone somewhat of a shake-up that could bring exciting new ways to save money and drive better value out of your insurance policy in 2024.
In Australia, we’ve seen the launch of innovative new pay as you go car insurance options from Rollin' Insurance and online challenger Kogan enter the market with enticing discounts.
Traditional insurance players like Budget Direct isn’t resting on their laurels either. They’re offering an online discount of up to 15% to encourage drivers to stop paying the lazy tax for sticking with their current insurance company instead of comparing options at renewal time.
1. Pay month-to-month with no cancellation fees
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 2023^
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 (once per insurance period). The standard is excess is $800 (including under 25s) but $3,000 for any unlisted driver so make sure regular drivers are listed on the policy.
2. Save $75 when you buy online
Australia Post - Comprehensive Car Insurance*
- $75 discount on your first year's premium when you buy online
- Includes cover for anyone who drives your car
Australia Post’s comprehensive car insurance offers generous benefits at competitive premiums. Benefits include cover for anyone who drives your vehicle, 14 days of hire car cover after a not at fault claim, up to $1,000 of personal property cover for items inside your car and up to $1,000 cover for emergency travel and accommodation if you’re more than 100km away from home. Plus, for a limited time you can save $75 when you buy online.
3. Award-winning policy and get a discount
Budget Direct - Gold Comprehensive Car Insurance*
- 15% online discount on your first year’s premium
- Mozo Experts Choice Value Insurance Provider of the Year - 2023^
Budget Direct is offering drivers a super easy way to save with a 15% discount on your first year’s premium when you purchase a new policy online. You’ll also get tailor-made cover, new-for-old replacement, 24/7 claims, a highly-rated claims service and a hire car if your car happens to be stolen. In addition to the basic excess, if you or another driver have an at fault accident, you will be required to pay an additional excess if the driver is under 25, hasn't had a full Australian licence for more than 2 years, or isn't listed as a driver on your policy. You can opt for a monthly repayment option but this will cost you extra. It takes 2 minutes to get an online quote and see how much you could be saving with the Mozo Experts Choice Award winning Value Insurance Provider of the Year 2023!
4. Benefit from 24/7 roadside assistance
Youi Comprehensive Car Insurance*
- New-for-old car replacement (within 2 years & a listed driver is the first registered owner)
- Emergency roadside assistance included
In an emergency Youi's policy can provide up to $1,000 to cover repairs without an insurance assessment, which can alternatively be spent on accommodation and travel if you’re more than 100km away from home. Emergency roadside assistance is also included as standard. Youi offers new-for-old car replacement and policy holders can get back onto the road after a theft or not-at-fault accident with Youi’s hire car cover (for up to 14 days). Monthly premiums cost extra and there is an additional excess for drivers not listed on the policy, and if under the age of 25 years.
* 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