About Youi Car Insurance
Standing for ‘You Insured’, Youi began operations in 2008 but can trace back its origins to 1998 through its parent company, OUTsurance.
Youi car insurance is underwritten by Youi Pty Ltd, a wholly owned subsidiary of Youi Holdings Pty Ltd, which is a subsidiary of OUTsurance International Holdings Pty Limited. Youi Pty Ltd is a licensed general insurance company which underwrites its own policies.
What types of car insurance does Youi offer?
At the time of writing, Youi offers the following car insurance policies:
- Comprehensive: the most extensive form of car insurance cover, which provides coverage for damage to your own car, as well as to other people’s vehicles and property. Comprehensive policies are also generally the most expensive form of optional cover.
- Third Party Fire & Theft: covers your own car if it’s damaged by fire or stolen by thieves, as well as provides cover for damage you cause to other people’s vehicles and property.
- Third Party Property Damage: provides coverage for damage you cause to other people’s cars and property. Third Party Property Damage is the most basic and generally cheapest form of optional car insurance.
Youi also offer these types of insurance policies for motorcycles, caravans and trailers (such as camper or boat trailers).
If you’re unsure about which type 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 types of car insurance in Australia.
What does Youi’s comprehensive car insurance cover?
Youi’s comprehensive policy provides the usual comprehensive car insurance coverage including:
- Damage to your car caused by driving related accidents
- Damage to your car from natural disasters such as storms and hail, floods, earthquakes or fires
- Malicious damage to your car, including vandalism and theft
- Towing and storage costs after an insured event
- Personal transport after an insured event where your car could no longer be safely driven
- Loss or damage to contents inside the car as a result of an insured event
- Loss or damage to a baby seat, window tinting, towbar and personalised registration plates as a result of an insured event
- Replacement or recode fees for stolen car keys
- Hire car after theft or not-at-fault accidents
- Unbraked trailer for its market value up to a set amount
- Youi roadside assist.
Youi also offers optional covers that you can include on top of its comprehensive car insurance policy including cover for damaged business items and reduced excess for windscreen claims.
For more detail on what is and isn’t covered under Youi’s comprehensive car insurance, read the Product Disclosure Statement (PDS) or contact Youi directly.
You can also compare different comprehensive car insurance policies using the comparison table above. The table allows you to filter for things such as Star Ratings, providers, features and cover options.
How are Youi car insurance premiums calculated?
There are a variety of factors that may affect the cost of your car insurance premiums. According to Youi, the following factors are considered when calculating your premium quote:
- Your car’s details such as make, model, and condition
- Your details, including the type of licence you have and your driving and claims history
- The address and security of where your car is parked, such as whether it’s undercover or on the street
- What your car is used for (personal or business)
- Any other listed drivers’ details
- The claim’s excess you choose. If you opt for a higher excess, you may receive a lower premium in return. It’s important to keep in mind that you would need to pay that higher excess amount if you needed to make a claim.
Another factor that will contribute to your premiums is the value for which your car is covered for. The more expensive your car is to replace, the higher your premiums will be. With this in mind, whether you choose to insure your vehicle for its market value or an agreed value will also affect your insurance premium.
Does Youi offer discounts for its car insurance?
Although there are no current discounts on offer at the time of writing, Youi may have discounts and special offers from time to time.
Youi advises that if any discounts or special offers are available, the details will be on its website, including the terms and conditions and eligibility criteria.
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