Australia’s Best Insurance for 2024

Budget Direct - Gold Comprehensive Car Insurance*

• 15% discount for combining Home & Contents covers and 15% discount for policies initiated online
• Your choice of repairer as an optional extra

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Budget Direct took out top honours at the Mozo Experts Choice Awards as Australia's Best Value Car Insurer 2024^. The top-value insurance provider offers flexible comprehensive car insurance, with the Gold Comprehensive Car Insurance policy offering up to $500 of personal property covered, a separate $500 for covering baby capsules, and up to $1,000 to replace car keys and locks, plus the option to choose your own repairer after an insurable event (although this is an optional extra that comes with a fee).

If you get into a scrape and your wheels are written off, Budget Direct can replace your car with a new comparable ride (as long as it was less than two years old and had driven under 40,000km). And don’t forget the feel-good bonus of a 15% discount for combining Home & Contents covers and 15% discount for policies initiated online.

ROLLiN' - Comprehensive Car Insurance*

• Pay premiums monthly at no extra cost
• $0 excess for windscreen cover

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ROLLiN' offers a flexible subscription-like cover you can pay for monthly at no additional cost and can cancel any time with no exit fees. The comprehensive policy covers damage caused by accidents, natural events and theft, and if you've driven less than 15,000km and your car is written off, it can be replaced with a new comparable model. 

ROLLiN' can also cover repairs for windscreen and window glass claims without charging an excess (but you'll only be able to make one claim excess-free each policy period). When you make other kinds of claims, you’ll be looking at an $800 excess for all listed drivers, making this a good option for people under 25 who often face hefty additional young driver excesses (there is an unlisted driver excess of up to $3,000, though). So it makes sense ROLLiN' took home an Exceptional Value Insurance award^ in 2024!

Australia Post Home & Contents Insurance*

• Australia's Best Home and Contents Insurer 2024^
• 24/7 claims support service
• 10% online discount (for combined home and contents cover)

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Of all the providers assessed for this year's awards, Australia Post ranked the best overall home and contents insurer. It won awards for both Exceptional Value Home & Contents Insurance^ and Exceptional Quality, and its easy to see why it rated so well. This policy comes with all of the features you want from your cover including 24/7 claims support service and cover for fire, theft, water damage and much more. New combined home and content policies purchased online could receive a 10% discount (T&Cs apply).

QBE Home and Contents Insurance*

• Mozo Experts Choice Awards Winner 2024
• 10% online policy discount (T&Cs)
• Up to $30 million legal liability cover (T&Cs)
• Underinsurance protection for up to 30% sum insured (T&Cs)

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This award-winning policy from QBE won in the Exceptional Value Home & Contents Insurance^ and Exceptional Quality^ categories at the 2024 Mozo Experts Choice awards, and it’s not hard to see why. This flexible policy comes with all the standard cover you’d expect, with some handy built-in features, such as environmental upgrades after damage cover and $30 million in legal liability (eligibility criteria applies). New policies purchased online could receive a 10% discount (with conditions).

Budget Direct - Home & Contents Insurance*

• 15% discount for combining Home & Contents covers and 15% discount for policies initiated online
• Optional personal effects cover

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Are you looking for extensive protection for your home and belongings at an affordable price? Then you’ve come to the right place, as Budget Direct has won awards for both exceptional quality insurance and value for money.

This comprehensive home & contents insurance policy offers an impressive list of extra features like new-for-old contents replacement and emergency accommodation for up to 12 months (or 10% of the sum insured) for you and your pets. You could be protected against a range of natural disasters and there’s a heap of contents included – just check your product disclosure statement (PDS) for limits and exclusions on specific items. This flexible policy can also be customised with optional extras like flood or personal effects cover, with the latter insuring eligible portable items like sunglasses and jewellery even if they’re taken outside the home (T&Cs apply).

And if you're after combined home and contents cover, you could score a 15% discount for combining Home & Contents covers and 15% discount for policies initiated online. Too easy!

NobleOak - Premium Life Direct Insurance**

• Comprehensive cover up to $25 million
• Policy can be renewed up to age 99

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The winner of an astonishing six 2024 Mozo Experts Choice Awards^, life insurance through NobleOak has topped the best for six years in a row. With optional extras like income protection, TPD, and trauma insurance, policyholders can personalise their coverage to ensure they have comprehensive coverage. Benefits include up to $25 million in cover, including up to a $15,000 funeral advance benefit and financial advice counselling to help families manage lump sum payments. 

New policies can be purchased up until you’re 69 years old and can be renewed until 99 years old. Read the full product disclosure statement on their website for more information on exclusions and sub-limits that may apply.

NobleOak - Premium Life Direct Income Protection Insurance*

• Insure up to 70% of your pre-tax income (up to $30,000 per month)*
• Premium waived in the event of total or partial disability

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As a 2024 Mozo Experts Choice Award^ winner for Exceptional Value Income Protection, NobleOak’s Income Protection policy could give you some extra cushion if you’re suddenly unable to work due to serious illness or injury. 

Australians up to age 55 could customise their policy by choosing a one – or three-month waiting period, a benefit period of two or five years (or up to age 65), and optional extras to help tailor it to their needs. Eligible policyholders could enjoy benefits like a generous max cover of up to 70% of their pre-tax income (capped at $30,000 per month). Consult the full product disclosure statement for terms and conditions.

HCF Income Protect Insurance**

• Payout of up to 70% of your average monthly income (up to $7,500 per month) for up to 12 months if you’re unable to work due to illness or injury for more than 30 days (T&Cs apply)

HCF’s Income Protect Insurance is designed to help you make ends meet and keep on top of life expenses if you can’t work due to sickness or injury. Income Protect will pay eligible customers up to 70% of their average monthly income (up to $7,500 per month) for up to 12 months if they’re unable to work due to illness or injury for more than 30 days (T&Cs apply). One thing to be aware of is that customers can only be covered for one job – so people with more than one job who make a claim will need to decide which job they’d like to be covered for. For a full list of terms, conditions, and policy exclusions/limits, consult the product disclosure statement (PDS) on HCF’s website.

Pet Insurance Australia - Pet Essentials*

• 2022 Mozo Experts Choice Award-winner^
• $6,000 annual benefit limit
• 90% of eligible vet bills covered (pets under 8 y/o)
• Multi-pet discount available

With an annual benefit limit of $6,000, cover for up to 90% of eligible vet bills (for pets under 8 years old), up to $500 cover for emergency boarding fees, and overseas pet travel insurance for New Zealand and Norfolk Island (T&Cs apply), Pet Insurance Australia’s Pet Essentials policy provides some of the best value accident and illness cover for your best friends. That’s why it took out a 2022 Mozo Experts Choice Award^ for Exceptional Value Accident & Illness Pet Insurance.

Pet Insurance Australia also offers an incremental 5% multi-pet discount, up to 15% (or three pets on one policy).

PetsOnMe - Accidental Plan Pet Insurance*

• 2022 Mozo Experts Choice Award winner^
• Offers annual benefit limit up to $5,000
• Get two months free if your pet is between 6-52 weeks old, or one month free if your pet is over one year old (conditions apply)
• Offers discounts for additional pets you insure

This provider has taken home the Mozo Experts Choice Award^ for Exceptional Value Comprehensive Pet Insurance for its Accident Cover. As its lowest coverage policy, an Accident plan with PetsOnMe covers up to $5,000 annually for specific accidents. You may be able to claim up to 100% of eligible vet bills, but it does not cover most costs like routine care or pre-existing conditions your pet had before signing up with PetsOnMe.

Under the Accident Cover, you could get coverage for bone fractures, snake bites, traumatic ligament or tendon injury, and bite or fight wounds. There are no waiting periods for accidents, but it could be up to 21 days for illnesses, wellness, tick Paralysis, 90 days for cruciate ligament & 6 months for dental illness. There’s also a 14-day cooling off period when you take out a policy.

You can even get a 5% additional pet discount from PetsOnMe (T&Cs apply).