5 big ideas to save on your car insurance


30 Oct 2020

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While the world’s attention has been focussed on COVID-19, something big has been happening in the world of car insurance. The industry is undergoing somewhat of a shake-up that promises exciting new ways to save money and drive better value out of your insurance policy.

In Australia, we’ve seen the launch of some innovative new pay as you go car insurance options like Poncho as well as a new female-focussed car insurer, Stella, that rewards women for being safer drivers. Qantas has entered the car insurance market too, offering competitive premiums and up to 20,000 Qantas Points as a reward for joining.

Traditional insurers like Budget Direct aren’t resting on their laurels either. They’re offering an online discount of up to 15% to encourage drivers to stop paying the lazy tax for sticking with their current insurer instead of comparing options at renewal time.

1. Get Qantas Points with your policy

Qantas Comprehensive Car Insurance*
  • Up to 20,000 Qantas Points for joining

  • Get a quote in under 2 minutes

Qantas Insurance has launched Australia’s only car insurance with Qantas Points. Depending on the cost of your premium, you’ll get up to 20,000 Qantas Points when you join or switch, and can continue to earn more points per dollar spent on your premium.  Other benefits include competitive pricing, options to tailor your cover and 24/7 claims.

2. Buy online and get a discount

Budget Direct Gold Comprehensive Car Insurance*
Budget Direct
  • 15% online discount on your first year’s premium

  • Mozo Experts Choice Value Insurer of the Year - 2020

Budget Direct is offering drivers a super easy way to save with a 15% discount on your first year’s premium when you purchase a new policy online. You’ll also get tailor-made cover, new-for-old replacement, 24/7 claims, a highly-rated claims service and a hire car if your car happens to be stolen. It takes 2 minutes to get an online quote and see how much you could be saving.

3. Get a $100 e-Gift card

Virgin Money Price Saver Comprehensive*
Virgin Money
  • 15% discount on your first year’s premium when buying online

  • Enter your car rego to get a quick quote

Virgin Money is well-known for its simple, great value car insurance and for a limited time you can get a $100 e-Gift card when you purchase a new Virgin Car Insurance policy by 30 November. Other handy ways to save with Virgin include no claim discounts, restricted driver discounts, the option of increasing your excess to reduce your premium and a 15% discount on your first year's premium just for applying online.

4. Pay as you drive

Poncho Comprehensive Car Insurance*
  • Pay for insurance if and when you need it

  • No lock-in contracts or cancellation fees

If your car has been gathering more dust than kilometres thanks to remote working during Covid19, this innovative new pay as you drive comprehensive car insurance from Poncho could be save you a bundle. A Poncho policy works similar to a monthly subscription, where you pay for insurance if and when you need it. There are no cancellation fees or lock in contracts and if you accidentally damage your windscreen, sunroof or window glass, Poncho will fix them for free! 

5. Get a price beat promise

Woolworths Comprehensive Car Insurance*
  • Price beat promise on any comparable comprehensive renewal notice

  • Save up to 15% when you buy online

If you're 25 or over and your car insurance is up for renewal, Woolworths Car Insurance has a compelling promise for you. If they're not cheaper than your current comparable comprehensive renewal notice, they'll beat it. Looking for even more savings? Woolworths Car Insurance also has a 'drive less pay less' option to reduce premiums for limited kilometres, and if you buy online you can save up to 15% on your premium.

* 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 on the provider's website for further information before making any decisions about an insurance product.

^See information about the Mozo Experts Choice Car insurance Awards

Read more about how we determined the winners of the 2020 Mozo Experts Choice Awards for Car Insurance in our methodology report.