Australia’s best insurance of 2020

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Insurance is a vital product, but despite its importance it is an area that Aussies sometimes avoid. Choosing the right insurance can be a complicated process, and once you've picked a policy It involves forking out cash just in case you find yourself, your belongings or your loved ones in an emergency situation. 

It’s not a nice thought but it is necessary if you want to be supported financially if the worst were to happen. Mozo regularly investigates and reports on the variety of insurance products on the market, from car insurance to home and contents cover, life insurance and even insurance policies for your pets.

Every year, the experts at Mozo compare and analyse these options for the Mozo Experts Choice Awards. This year, the Mozo judges analysed close to 200 policies spanning car, home, landlord, life and pet insurance to identify the best value and best quality insurance policies on the market.

So, if you’re looking to get your insurance sorted, take a look at some of the standout Mozo Experts Choice Insurance Awards winners for 2020.....

Best Car Insurance

Budget Direct Comprehensive Car Insurance
  • 15% buy online discount

  • Your choice of repairer

For the second year in a row, Budget Direct has taken out top honours as Insurer of the Year, this time in the value category. The consistently affordable insurer provides flexible comprehensive car insurance, with up to $500 of personal property covered, another $1,000 to replace car keys and locks, and the option to choose your own repairer after an insurable event. 

If you get into a scrape and your wheels are written off, Budget Direct will 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 feelgood bonus of a 15% discount if you buy the policy online.

Woolworths Comprehensive Car Insurance
  • Up to 15% first year discount when you apply online

  • Drive Less, Pay Less option

Woolworths Comprehensive Car Insurance comes with a whole bunch of great features. A wide range of inclusions as standard include; damage, loss or vandalism to the car and your belongings in it, as well as cover up to $500 emergency repairs, $500 emergency accomodation and $1,000 replacement of stolen keys and locks. Not only that, you can opt into the Drive Less, Pay Less scheme where you nominate how many kilometres you drive to reduce the price you're paying. 

If you apply online, you'll receive a 15% discount on your first year’s premium, plus you can opt in for roadside assistance as an added extra. Together with its price beat guarantee on any comparable renewal and the title of being a Mozo Experts Choice Award winner for Exceptional Value Car Insurance, this is one policy worth checking out.

Best Home Insurance

Westpac Premier Care Residential
  • Enjoy the benefits of multiple discounts

  • Get new for old replacement

This great value policy protects your home and belongings against damage caused from natural disasters like fire, theft, storms, flooding and even more.  There are three levels of cover to choose from, Essential, Quality and Premier. And two of those categories even managed to score awards in this year’s Mozo Experts Choice Awards for 2020.

Westpac cover comes with an automatic safety net in case repair or replacement costs are higher than expected. Together with hand flexible repayment options and a 24/7 claims support centre to support you every step of the way, you’ll even save up to 25% when you quote and buy Home and Contents Insurance online with Westpac.

Budget Direct Home & Contents Insurance
  • 30% combined apply online discount

  • New-for-old cover

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 is Mozo’s 2020 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 product disclosure statement (PDS) for limits on specific items.

If you are 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.

Best Life Insurance

NobleOak Life Insurance
  • Comprehensive cover up to $15,000,000 + Funeral Advance Benefit of $15,000

  • Process claims within 5 business days on average

NobleOak has more than 140 years experience in the insurance game and have been crowned Life Insurer of the Year for 2020. The provider cleaned up at the 2020 Mozo Experts Choice Life Insurance Awards, taking home seven trophies and appearing in every single award category.

These life insurance pros are known for their extensive policy coverage and features which come at an affordable price. You can start your cover aged between 16 and 69, with guaranteed renewal up to 99 on up to $15 million in coverage (with higher levels of cover considered on request). 

NobleOak Premium Life Direct Income Protection Insurance
  • Insure up to 75% of your pre-tax income (up to $25,000 per month)

  • Protect your income up to age 65

NobleOak’s Premium Life Direct Income Protection Insurance gives you peace of mind with regular payments for a specified period helping you replace some of your income when you can’t work due to serious illness or injury.

With this policy you can choose either a 30 or 90 day waiting period, a benefit period of 2 years or to age 65, plus there’s a generous maximum cover benefit of up to $25,000 per month (up to 75% of your pre-tax income).

^See information about the Mozo Experts Choice Car insurance Awards

Head to the Mozo Experts Choice Awards page to learn more about the judging process and the winners in other product categories.