Landlord Insurance Awards 2020

Kudos to the winners of Mozo Experts Choice Awards for Landlord Insurance for 2020. This year, our Exceptional Value awards recognise landlord insurance that’s among the best-priced, based on a comparison of prices for different types of customer scenarios. Our Exceptional Quality awards recognise landlord insurance cover that are stand-outs in the generosity of additional benefits and flexibility of options, regardless of price.

Mozo Experts Choice Awards 2020 Badge

What are the Mozo Experts Choice Awards?

Now in their seventh year, the Mozo Experts Choice Awards provide a platform to highlight products in the marketplace we believe offer great value to Australians.

For the 2020 Landlord Insurance awards, the Mozo Experts turned their attention to finding the best policies, collecting pricing for 25 landlord insurance policies.“Whilst regular home insurance can provide protection for homeowners, it’s a whole other ball game when you’re not occupying the property yourself,” said Mozo Experts Choice Awards judge Peter Marshall.”

“So as a landlord, it’s more important than ever to compare the insurance options available, especially with the risks that come with leasing a property and handing over your keys to a complete stranger. So whether you’re after value for money cover or you’re looking for top level cover, you can be confident that the Mozo Experts Choice Award Winners rank best in class.”

For details on how we crunched the numbers and determined the award winners see our methodology report or get more info about our judging criteria and read our FAQs.

 

Value Insurer of the Year

Budget Direct Logo

A big congratulations to Budget Direct who have been awarded Value Insurer of the Year for 2020.

Having analysed tens of thousand of insurance quotes over a wide range of various different customer scenarios, our research concluded that Australians were likely to find Budget Direct amongst the cheapest quotes for car insurance and home insurance. In addition to consistently offering low prices, Budget Direct’s policies also maintain solid cover limits which is why they took out our Value Insurer of the Year title.

 

Quality Insurer of the Year

NRMA logo

Taking out Exceptional Quality awards for all three of the product categories we assessed - Car, Home & Contents and Landlord, made awarding NRMA as the Quality Insurer of the year for 2020 a very easy decision. 

With over 90 years in the insurance market and with a long-standing reputation, those willing to pay a bit more for the assurance of top level insurance cover, NRMA is the one to beat. Even their products that offered regular benefits were still good enough to qualify under our Exceptional quality candidates!

 

Exceptional Value Landlord Insurance

Our judges compared more than 2,000 customer quotes across 25 landlord insurance providers, to identify the policies that reliably offered low premium prices without sacrificing the cover on offer. Check out the winners for 2020.

NAB logo

NAB
Landlord Buildings & Contents

Youi Logo

Youi
Landlord Buildings & Contents

 

Exceptional Quality Landlord Insurance

Inclusions, exclusions and optional extras differ between insurance providers and policies, so finding the right cover for your rental property can be quite the feat. For landlord buildings and contents insurance, our quality award recognised three policies that scored highest of the 37 policies assessed. And the winners were...

Bankwest Logo

Bankwest

Landlord Buildings & Contents

CommInsure Logo

CommInsure
Investment Home Package - Building & Contents

NRMA Logo

NRMA
Landlord Buildings & Contents

 

Frequently Asked Questions

What’s the Judging Criteria for the awards?

Running since 2014, the Mozo Experts Choice Awards recognise products that deliver exceptional value or benefits to consumers.

See our methodology report for more detailed information on how we performed the price comparisons and determined the final winners list for the landlord insurance awards.

Did you compare all landlord insurance policies in the market for these awards?

We assessed 37 different landlord insurance policies. The information collection was conducted in July and August, 2020. To be considered for inclusion in these awards, all information considered must be readily available on the insurer’s website and the policy available to the general public without being a previously established member or customer. Products are considered and awards are made irrespective of a product provider’s commercial relationship with Mozo. We aim to include most providers in the market in the Mozo Experts Choice Awards. However, not every product in the market will be included in our review.

How do I find the cheapest landlord insurance policy for my property?

By checking out the winners in the Exceptional Value categories. Our Experts crunched the data on a range of customer scenarios and these were the insurers and policies that were great value when compared to similar products.

It’s important to understand that several factors go into determining the cost of landlord insurance, such as property type, location, construction materials and size. So, you’ll still need to do some comparing of features and options to find a policy that is right for you and then get quotes, so that you can compare the pricing.

What product features or benefits did you consider for the Exceptional Quality Awards?

Our assessment of Quality is based on how well the product scores on a large range of different factors, including the nature and extent of the insurance cover, and the inclusion of added benefits. Overall results are weighted towards legal liability cover, loss of rent protections and tenant default, theft or vandalism. The full list of factors considered is included in our methodology report. We relied on product information in each insurer’s product disclosure statements, and on their websites, to assess cover and benefits.

Who are Mozo’s experts?

The Mozo Experts Choice Awards analysis is overseen by AJ Duncanson, Mozo’s Data Services Director. AJ is a data scientist and actuary, and has worked in financial services and product comparison for almost 3 decades. Together with our Product Data Manager, Peter Marshall, the team has over 50 years of financial services experience.

I work for an insurer, how do we promote our win?

Please get in touch with us to discuss by emailing or phoning our account management team on 02 9037 4368.