A big round of applause to the 2023 winners of the Mozo Experts Choice Awards for Car Insurance. To determine which car insurance policies deliver the best value for Australian drivers, our team of expert judges assessed 58 car insurance policies from 51 insurance providers.
If you’re looking for insurance coverage when you hit the road, our winners list below outlines the policies that offer the best value and is a great place to begin your search.
Taking out Exceptional Value & Quality awards for Car, Home & Contents and in Landlord Exceptional Quality awards, Suncorp Insurance has been crowned the Insurer of the Year Car and Home Insurance for 2023. Suncorp's products stood out as offering excellent levels of cover and policy features to ensure that you are well protected if the unexpected happens.
Budget Direct has once again been crowned our Value Insurance Provider of the Year. This marks five years in a row for Budget Direct has taken out one of our major awards. Their insurance policies continue to deliver low prices while maintaining solid cover limits according to our assessment and are worthy of consideration for anyone where value for money is a key consideration when purchasing car insurance.
For those looking for comprehensive car insurance at the lowest cost, the below winners are a great place to start your search. Our judges applied a cost assessment across more than 10,000 unique quotes and found the insurance providers that more often offered lower premiums than the competition to determine the winners outlined below.
Bingle, Budget Direct, NRMA, RAC, RACT, RACV, Real Insurance, ROLLiN', Suncorp Insurance, TIO, and Virgin Money
Finding a car insurance policy for drivers under 25 years old that is not only competitively priced, but that doesn’t include high excesses, can be challenging. This year our judges identified which policies most often have the best prices and manageable excesses.
Budget Direct, ING, ROLLiN', and Virgin Money
Our judges assessed thousands of quotes for drivers over the age of 55, and like our other Value awards, compared this against acceptable minimum cover levels to find the winning policies for this year’s awards. If you are a senior looking for comprehensive car insurance at a competitive price, the winners below are a great place to start.
AAMI, Apia, Budget Direct, and GIO
For this award, we take into account how well the car insurance policy scores on a range of factors including choice of excess, choice of rental car during repairs, and personal property cover. Of the 58 policies assessed, we found these to offer the most generous levels of cover.
GIO, NRMA, QBE, RAA, RAC, RACV, and Suncorp Insurance
Now in their tenth year, the Mozo Experts Choice Awards present an opportunity to recognise products in the market we believe offer great value to Australians.
For the 2023 Car Insurance awards, our Experts assessed 58 car insurance policies from 51 insurance providers head to head.
“Car insurance can be a large expense for households particularly when several members of a household own a vehicle,” said Peter Marshall, Mozo Experts Choice Awards judge.
“Whether your priority is to get insurance at the lowest cost, or you’d prefer to have the comfort of the most generous levels of cover, whether you are older, younger, or don’t drive very far, we’ve done the research to find policies that should be on your shortlist.”
For full details on how we crunched the numbers, the awards criteria and how we determined the winners, see the 2023 Mozo Experts Choice Awards for Car Insurance methodology report.
We couldn’t have a name like the Mozo Experts Choice Awards without a dedicated and experienced team of product data analysts at the helm. Combined they have decades of experience behind them. Meet them below.
Running since 2014, the Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers. See our 2023 Mozo Experts Choice Awards for Car Insurance methodology report for detailed information on how we performed product comparisons and determined the final winners for 2023.
In carrying out the Mozo Experts Choice Awards for Car Insurance 2023, we compared 58 car insurance policies from 51 different insurance providers to find our results.
Any provider we review must be available at the time of our analysis and any offers included must be available to the general public on the provider’s website.
A great place to start is by checking out the winners in the Exceptional Value categories. Our experts analysed the pricing and product data and determined these as the insurance policies offering the broadest range of insurance features at the most affordable price point when compared to similar products.
It’s important to understand that several factors go into determining the cost of car insurance, such as your driving history, location and vehicle make and model. So, you’ll still need to compare features and options to find a policy that is right for you and then get quotes to check prices.
The Mozo Experts Choice Awards are overseen by AJ Duncanson and Peter Marshall. AJ is Mozo’s Data Director, a data scientist and actuary who has worked in financial services and product comparison for over 30 years. Peter has been in the industry even longer, and as Research Manager he leads the team of analysts that gather information and compare products every day, and perform all the calculations behind the Mozo Experts Choice Awards.
Please get in touch with us to discuss by email should you have any queries.
Important information on terms, conditions and sub-limits
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.