GIO Car Insurance

GIO is a provider of car insurance, as well as other products such as home and contents insurance and various business insurance products. We have provided a summary of the car insurance cover available from GIO below.
GIO car insurance

What types of car insurance does GIO offer?

GIO offers a number of car insurance options, including comprehensive cover; fire, theft and third party property damage; and third party property damage only cover.

If you’re unsure about which kind of car insurance is most appropriate for you, or you’d like more information on the differences between the different levels of cover, here’s our guide to the different kinds of car insurance.

Below is further information on GIO’s comprehensive car insurance products.

GIO Comprehensive Car Insurance

GIO’s comprehensive car insurance is its most popular level of car insurance cover and is designed to protect drivers for the cost of damage caused to their car, as well as to other people’s vehicles and property, at the time of writing. 

Some of the features offered by GIO Comprehensive Cover at the time of writing include:

  • Cover for accidental loss or damage from insured events including hail, storm (including cyclone), flood, fire, theft, collision and impact
  • Cover for malicious damage or vandalism
  • Cover for legal liability up to $20 million
  • Hire car after theft and not-at-fault accident
  • Choice of repairer, subject to certain approval and assessment conditions.
  • Claims free savings, meaning for every year the policyholder does not make an excess payable claim, GIO will provide a credit on next year’s premium for that car.

In addition, customers can choose to add on the following optional features, potentially at an extra cost:

  • 21 days car hire if your car is damaged and cannot be safely driven, is in for repairs or has been stolen
  • Windscreen and window glass replacement
  • Roadside assistance
  • Market value cover, meaning at the time you need to make a claim GIO will insure your car based on its current market value, rather than a value agreed at the time the policy is taken out. GIO says this option may reduce your premium.

Some exclusions, limitations and other terms and conditions may apply to GIO’s car insurance cover, so if you are considering taking out a policy, it’s important to read the product disclosure statement (PDS) and target market determination (TMD) carefully to ensure that the cover is suitable for you.

You can use Canstar’s comparison tables to see how its policy has been rated relative to other providers by Canstar’s expert researchers as part of our most recent Comprehensive Car Insurance Star Ratings.

Compare Car Insurance

GIO Platinum Car Insurance

In addition to its Comprehensive cover, GIO offer a Platinum Car Insurance product which offers customers a higher level of cover, including additional features such as:

  • Lifetime new car replacement after a total loss, subject to eligibility criteria.
  • Hire a car for unlimited number of days after any incidents covered by the policy (up to $100 per day).
  • One excess-free glass claim during the period of insurance

GIO Car Insurance FAQs

How do you buy car insurance from GIO?

First, consider comparing comprehensive car insurance policies among a range of providers with Canstar to see if you can find a product that suits your needs.

Compare Car Insurance

If you choose to go with GIO, you can get a car insurance quote directly through its website or over the phone.

Does GIO let you nominate a higher or lower excess?

When applying for cover, Gio allows policyholders to select the excess they would like to pay if they need to make a claim. Generally, the higher the excess, the lower the car insurance premiums will be and vice versa.

Does GIO let you choose between market and agreed value?

GIO says that, subject to approval, comprehensive car insurance policyholders can choose to insure their car for its market value or a specified amount. Insuring the car for its market value, according to GIO.

If you’re not sure which options would be better for your vehicle specifically, here’s an article about market vs agreed value which could help.

How do you lodge a claim with GIO?

You can lodge a claim with GIO 24/7 online or over the phone. Once the claim has been lodged, you can track the progress of your claim online.

How do you renew your car insurance with GIO?

GIO says it sends a renewal notice to customers at least 14 days before their current policy expires, showing the amount payable and when the payment is due. For customers who choose to renew, GIO says they can either ‘quick pay’ based on the amount quoted in the renewal notice, or modify their policy before they pay.

Consider comparing car insurance policies before simply renewing the same policy, so that you continue to get the cover you need as well as value for money.

Compare Car Insurance

About GIO

GIO is a car insurance provider in Australia and is part of the Suncorp Network, along with other providers such as AAMI, APIA and Shannons. GIO offers car insurance in the Australian Capital Territory, Northern Territory, New South Wales, Victoria, and Western Australia.

 

This article was reviewed before it was published as part of our fact-checking process.


Thanks for visiting Canstar, Australia’s biggest financial comparison site*

Written by: Sean Callery | Last updated: November 22, 2021