Australia’s best insurance of 2023
Finding a great value insurance policy with all of the coverage and features you need can be a real headache-inducer, with the result that too many Australians spend too little time researching the best options for car, home, life and pet insurance each year.
The barriers to comparing insurance can hit us in the hip-pocket too, with Mozo's research revealing that Aussies could be paying hundreds of dollars extra in premiums each year for like-for-like insurance policies depending on which insurer you choose.
That's why every year, the Mozo experts put their 65 years of combined financial experience to use to assess Australia's best insurance policies for the Mozo Experts Choice Insurance Awards.^
Over 300 policies spanning car, home, landlord, life and pet insurance were analysed by the Mozo judges to identify the best value and best quality options. Read on for our review of some of the standout winners for you to compare and consider here.
Best Car Insurance
Important information on terms, conditions and sub-limits.
Budget Direct Gold Comprehensive Car Insurance**
- 15% buy online discount on your first annual premium
- Mozo Experts Choice Value Insurance Provider of the Year - 2022^
For the fourth year in a row, Budget Direct has taken out top honours as Mozo Experts Choice Insurance Provider of the Year, this time in the value category.^ Budget Direct's top-value Gold Comprehensive Car Insurance policy offers up to $500 of personal property covered, a separate $500 for covering baby capsules and another $1,000 to replace car keys and locks, plus new-for-old car replacement and the option to choose your own repairer after an insurable event. And don’t forget the feel-good bonus of a 15% discount when you buy the policy online (T&Cs apply).
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 2022^
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!
Best Pet Insurance
Important information on terms, conditions and sub-limits.
Potiki Exceptional Value Accident & Illness Pet Insurance****
- Annual benefit limits between $20,000 and $30,000^^
- Get up to $599 worth of non-insurance benefits back every year free^^^
Potiki took out a string of Mozo Experts Choice Awards. This award-winning policy comes with maximum annual benefit limits between $20,000 and $30,000, your choice of excess between $0, $250, and $500, as well as insurance benefits for vet consultations, tick paralysis, cruciate ligament, and hip joint surgery.
^^ Potiki is a distributor of the award-winning Petinsurance.com.au pet insurance policy, so all award-winning benefits, inclusions and exclusions are through Petinsurance.com.au.
^^^Potiki Perks are separate from the pet insurance product. They are provided by VetChat Services and Potiki Insurance. (T&Cs apply.)
Best Home Insurance
Important information on terms, conditions and sub-limits.
Budget Direct Home & Contents Insurance**
- 30% combined apply online discount for your first year's premium
- New-for-old contents replacement cover
Offering extensive protection for your home and belongings at an affordable price, Budget Direct is Mozo’s Value Insurer of the Year.^ This comprehensive home and contents insurance policy offers an impressive list of extra features like new-for-old contents replacement, cover for portable items, and emergency accommodation for up to 12 months (or 10% of the sum insured) for you and your pets. You’ll be protected against a range of natural disasters and there’s a heap of contents included – just check your PDS for limits on specific items. And if you're after combined home and contents cover, you’ll score a 30% discount on your first year’s premium just by purchasing a new policy online. Too easy.
Virgin Money Home & Contents Insurance**
- Up to 30% discount on your first year's premium when you buy online
- Mozo Experts Choice Exceptional Value Home and Contents Award Winner 2022^
The Virgin Money Home and Contents Insurance policy offers comprehensive cover at competitive prices, so you can protect your valuables and your budget at the same time. Having taken out a 2022 Mozo Experts Choice Award for Exceptional Value Home & Contents Insurance you know its a cut above the rest. What's more, new customers who purchase a Virgin Car insurance policy by 29 March 2023 will also receive up to 10,000 Velocity Points.
Best Life Insurance
Important information on terms, conditions and sub-limits.
NobleOak Life Insurance**
- Lump sum cover available up to $15,000,000 if you pass away or are diagnosed with a terminal Illness
- Funeral Advance Benefit of $15,000
NobleOak has helped protect Australians for over 140 years and has been crowned Life Insurance Provider of the Year by our experts after taking home seven trophies in the Mozo Experts Choice Life Insurance Awards.^ NobleOak are known for their extensive policy coverage and features which come with competitive premiums. You can attain cover if you are aged between 16 and 69, with renewal available up to age 99.
NobleOak Premium Life Direct Income Protection Insurance**
- Insure up to 70% of your pre-tax income (up to $30,000 per month)
- Provides monthly payments to help you and your family if you’re sick or injured and can’t work
NobleOak’s Premium Life Direct Income Protection Insurance (Disability Income Insurance) gives you peace of mind with monthly payments for a specified benefit period helping you replace some of your income if you can’t work as a result of a serious illness or injury. With this cover you can choose either a 30 or 90 day waiting period, and a benefit period of 2 years, 5 years or to age 65. You can attain cover if you are aged between 18 and 55, with renewal available up to age 65.
* 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.
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.