When did you last review your car insurance? If it has been a few years, you might find that you could save some serious cash by shopping around.
There’s no excuse for not comparing car insurance policies. After all, you do get the reminder notice in the mail and, with the exception of a few companies, you do need to manually make the payment to renew the cover. Also, you can attract some fantastic discounts by switching your policy online.
Online discounts and sign-up incentives available (as at June 2018)
Offering discounts for applying for or purchasing new policies online has become common practice amongst insurance providers. They offer them to encourage more people to apply online because it’s a more efficient process than over the phone or in a branch, with lower overhead costs for the company.
Below are some of the great discounts and incentives found on provider’s websites (at the time of writing) for buying car insurance online. The discounts are typically in comparison to the standard premium paid for a new policy purchased through the provider’s call centre.
Please note that the star ratings for any products displayed below are based on a male aged 30-39 living in WA who does not require cover for a driver under 25.
|1300 Insurance||Get 12 months’ roadside assist when you take out comprehensive car insurance|
|1Cover||Buy online and save 10%|
|AAMI||Save $100 on a new comprehensive policy or $20 on a new third party property damage by getting a quote online|
|AI Insurance||Up to 20% discount when you buy online|
|Allianz||Save up to 24% when you name your drivers and buy your policy online|
|ANZ||Save up to 12.5% annually when you bundle ANZ car, home or landlord insurance together|
|Apia||15% discount when you request a quote for a new comprehensive policy online|
|Australia Post||Save 15% when you purchase a new Gold Comprehensive car insurance policy online|
|Australian Seniors Insurance Agency||Save 10 % when you buy a new policy online|
|Australian Unity||Get a $100 BP fuel voucher if you buy a new car insurance policy before 31 December 2018, and save 10% on any additional Australian Unity insurance policies|
|Budget Direct||Save 15% on a Comprehensive or Third Party car insurance policy when you buy online|
|Bupa||10% discount on car insurance for Bupa health members|
|Coles Insurance||Save 10% when you buy your car insurance policy online|
|CommInsure||Get up to 10% off when you apply online.|
|HSBC||Save up to 10% when you take out a new comprehensive policy online|
|Hume Bank||Save up to 10% when you buy comprehensive car insurance online|
|NAB||Buy Comprehensive car insurance online and save up to 10% off first year’s premium + free roadside assistance for 12 months|
|National Seniors Insurance||Purchase comprehensive car insurance online and save up to 10% + up to 10% safe driver discount|
|Over Fifty Insurance||Up to 10% online discount + 12 months’ roadside assistance when you purchase a new comprehensive policy|
|RAC||Get a $100 discount when you buy a comprehensive policy online + save up to 25% with a low-emissions car + up to 10% off for existing RAC members|
|RACQ||Get a $50 discount when you buy comprehensive car insurance online|
|Real Insurance||Save up to 10% when you buy online|
|SGIC||Save $100 when you buy a comprehensive car insurance policy online, or $20 when you buy a third party car insurance policy online|
|SGIO||Save $100 when you buy a comprehensive car insurance policy online, and $20 when you buy a third party car insurance policy online|
|Suncorp||Get up to $50 off when you buy your policy online|
|Virgin Money||Save 15% on a Price Saver comprehensive policy when you buy online + 5,000 Virgin Australia Velocity Frequent Flyer points when you purchase a new comprehensive policy by 31 December 2018|
|Woolworths Money||Guaranteed price beat on Comprehensive car insurance for drivers aged 25 and over + save up to 10% when you buy online|
Source: Providers’ websites. Information gathered 13 June 2018. Correct at time of writing.
NOTE: Some of these discounts might not apply to extra premiums for optional covers (such as windscreen cover). Also, the discount or saving usually only applies to the first year of premiums. Be sure to read the full terms and conditions of the offers before you apply.
Keep in mind…
While discounts and bonuses sound great, keep in mind that a policy offering an online discount isn’t always better value than one that doesn’t offer one. You’ve got to take into account the quality of the coverage you’re getting for your money.