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.
Great online discounts and sign-up incentives available (as at September 2017)
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||Buy online and save 10%|
|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||Receive a 5% discount on premiums for the first year you take out a policy if you’re an ANZ Breakfree Package holder|
|Apia||15% discount when you request a quote for a new comprehensive policy online|
|Australia Post||Save 15% if you buy a Gold Comprehensive car insurance policy online|
|Australian Seniors Insurance Agency||Save up to 20% when you buy online|
|Australian Unity||Get a $100 BP fuel voucher if you buy a new car insurance policy before 31 December 2017|
|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% 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 get up to 10% off + go in the draw to win a 13 night New Zealand Cruise with Princess Cruises including airfares for two|
|Over Fifty Insurance||Up to 10% online discount + 12 months’ roadside assistance|
|RAC||Get a $100 discount when you buy a comprehensive policy online|
|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, and $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|
|St George||Buy comprehensive car insurance online and save up to 10% in the first year of your policy|
|Suncorp||Buy car insurance online before October 31 2017 and be entered in the draw to win one of 100 $1,000 cash prizes|
|Virgin Money||15% off a Price Saver comprehensive policy online. Bonus 10,000 Velocity Points for active Velocity members who take out a new car insurance policy before 31 October 2017|
|Westpac||Save up to 10% when you buy a comprehensive car insurance policy online|
|Woolworths Money||Guaranteed price beat (for drivers aged 25 and over) + save up to 10% online.|
Source: Providers’ websites. Information gathered 22nd September 2017. 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.