Budget Direct named Australia’s Best Value Insurer for 2020

The Mozo Experts Choice Insurance Awards are back in full swing for 2020, and we’re excited to announce that Budget Direct has been crowned our Value Insurer of the Year, making it the second year in a row it’s taken out that honour. 

The Brisbane-based company has carved out a reputation as a provider of affordable insurance and has racked up wins in previous Mozo Experts Choice Awards on several occasions. This year, Budget Direct was recognised for its comprehensive car insurance policy and its home insurance policy. 

The team at Mozo assessed 162 insurance policies from 61 different providers in the car, home and landlord insurance space. We compared tens of thousands of quotes, covering a wide range of different customer situations, to determine which policies offered consistently low prices.

Among the insurers we compared, Budget Direct was found most likely to offer Australians the cheapest quotes for their needs. This applies whether customers are after straightforward cover or are looking to add optional extras like a hire car service, reduced windscreen excess, and flood cover.

“While it is great to have the peace of mind that insurance can provide, the variation in cost can be large. The Mozo Experts Choice Awards for value are a great place to start any search for insurance as we award those policies that will usually be lower priced than others while still providing reassuring cover,” said expert judge Peter Marshall. 

Budget Direct award-winning insurance policies

  • Loss or damage to your vehicle covered
  • Up to $20 million legal liability cover
  • Use of a hire car, following a no-fault accident or theft

With Budget Direct’s Comprehensive Car Insurance, you’ll be able to take advantage of the claims service 24 hours a day and, if your car is written off, Budget Direct will replace it with a brand new one so long as it is under two years old or has been driven less than 40,000 km since the original registration. 

Roadside assistance is available as an additional extra and, if your car is stolen or damaged in an accident, a rental car is available for 14 days (this is included in the policy in the case of not at-fault accidents, and is available as an add-on for at-fault accidents). $1,000 is also earmarked to cover lost or stolen car keys, and the cost to replace baby seats, capsules or other personal property is covered up to $250.

  • Covers repair work or rebuilding
  • Legal liability up to $20 million
  • Temporary accommodation for you and your pets

Budget Direct Home and Contents Insurance covers your house and valuables against a range of events, including theft, storms and accidental breakage of glass. If you live in a flood-prone area, flood cover is also available as an add-on. Artwork is insured up to $5,000 an item and jewellery up to $1,000 an item. The contents of your home office are also insured up to $12,000. 

Temporary accommodation cover is available for up to 12 months (up to 10% of the sum insured) if your home is rendered uninhabitable by an insured event. And with new for old replacement, any lost or damaged items will be replaced by brand new ones, no matter how old the original items were.

For more information on the Mozo Experts Choice Awards, along with a full list of this year’s winners, browse our methodology report.

*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.

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