How to save on car insurance in 2020

By Olivia Gee ·

Everybody loves a bargain, whether it’s scoring a new outfit on sale or saving money on car insurance.

So, if your policy is due for renewal or you’re looking to spring clean your budget, here’s a round-up of some of the latest car insurance incentives on the market in September.

COVID-19 discounts

A handful of providers are offering significant discounts to customers facing financial difficulty as a result of the pandemic. 

Suncorp Group – which includes GIO, Apia, AAMI and Suncorp Insurance – is offering existing affected customers discounts of up to 20% and three-month premium waivers, as well as lowered premiums for reduced car usage and no fees for policy cancelations. 

Youi is promising 15% cashback on premiums for a three-month period to all new and existing customers who are driving less as a result of COVID-19. In June, this offer was extended for a further three months with a 10% discount. 

Free roadside assistance offers

Roadside assistance is regularly an optional extra in car insurance policies, so take advantage of these offers if you’re eligible. 

AAMI has offered free roadside assistance to all emergency service workers until December 31, 2020, whether or not they are AAMI customers. Other new customers considering comprehensive car insurance with AAMI can also score a year of free roadside assistance if they take out a policy before 30 June, 2021. 

Gift voucher incentives

It may sound a little unconventional, but many insurers will offer customers gift cards in place of cash-back discounts. If you take out Virgin Money’s Comprehensive Car Insurance before 30 September, you’ll receive a $100 virtual gift card.

QBE is also offering a $25 gift card when you take out their compulsory third party (CTP) insurance until 31 August – get in quick to lock-in this perk during spring. Since every car needs this type of cover to get registered and on the road, it’s a fun bonus to spend at supermarkets and selected retailers.

Point rewards programs

If you look for a little icing on top of your car insurance policy (and let’s admit it, they can be pretty bland), you might be on the lookout for a way to gain extra frequent flyer points. If you join or switch to Qantas Car Insurance, you can score up to 20,000 Qantas Points. You’ll also receive one Qantas point for every dollar you spend on your premium.

Buy online car insurance discounts

Many insurers offer a discount on the first year of premiums when customers apply or buy a policy online. Below are some of the offers available throughout September.

Provider
Online discount
Conditions
AAMI

$50 discount plus 1 year free roadside assistanceOnly for Comprehensive Car Insurance, offer ends 30 June 2021
Allianz
15%
Only for Comprehensive Car Insurance, not including optional cover
Apia
5%
Only for Comprehensive Car Insurance
Budget Direct
15%
Available across all policies
Coles Car Insurance
10%
Available across all policies
GIO
10% 
Only for Comprehensive Car Insurance.
HSBC
10%
Only for Comprehensive Car Insurance
Real Insurance
10%
For all cover types, but drivers under 25 only get a 5% discount
Suncorp Insurance$50 discountComprehensive Car Insurance ($20 discount for Third Party and Third Party Fire & Theft
Virgin Money
15%Available across all policies
Woolworths Car Insurance
15%Only for comprehensive cover, and drivers under 25 can only get a 10% discount

Compare car insurance policies - page last updated September 19, 2020

Search promoted car insurance below. Advertiser disclosure.

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    Optional Extra
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    Optional Extra
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    $400 - $1,850 (varies by state)
    Agreed or market valueCar coin icon
    Agreed or Market

    Available discounts

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    Stella are changing the tune on car insurance, offering car insurance made especially for women. Features include no claim reward, new car replacement, customise your policy and more. Enter your car rego and get a quick quote online.

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    No
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    $800 - $2,000
    Agreed or market valueCar coin icon
    Agreed

    Available discounts

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  • Price Saver Comprehensive

    Protect your journey with Virgin Car Insurance. Get 15% online discount on Comprehensive cover and receive a $100 e-Gift card* when you purchase a new eligible Virgin Car Insurance policy by 30 September, 2020 (T&C’s apply).

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    Yes costs extra
    Choice of repairertools icon
    Optional Extra
    Choice of excesscoins icon
    $500 - $1,850
    Agreed or market valueCar coin icon
    Agreed or Market

    Available discounts

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Other ways to cut car-related costs

  • Ask for a better deal on your car insurance premium

Mozo’s research has shown haggling down your car insurance can save you as much as a 20% discount on your premium. If you’re not sure how to demand a better deal, prepare yourself with our hot haggling tips before you get on the blower to your provider. If your insurer won’t play ball, consider switching providers.

  • Opt for pay-as-you-drive insurance

Not driving as much as the pre-lockdown days? It might be time to consider pay-as-you-drive car insurance. This is essentially what it says on the tin: a policy priced to reflect how often you drive. If you think you’ll be driving less in the foreseeable future and can stick to your estimated kilometerage (which you’ll need to settle on when taking out a policy), you could be saving big bucks.

  • Shop around for petrol

This may sound like an obvious one, but in the hubbub of metropolitan roads or busy commutes, it’s all too easy to pull up alongside a pump for convenience sake. Instead of making a mad dash to the bowzer running on fumes, plan ahead with apps like Fuel Check or Petrol Spy. These let you compare petrol prices in your area at a glance, and provide details to ensure servos have the kind of fuel you're after. 

Looking to save more across your family’s insurance policies? Seek out multi-policy discounts using Mozo’s home insurance comparison tool.

*Any information provided on this page should be considered a summary and general advice only. All information should be verified before purchase via the relevant Product Disclosure Statement (PDS).

^See information about the Mozo Experts Choice Car Insurance Awards

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Olivia Gee
Olivia Gee
Money writer

As one of Mozo’s money writers, Olivia Gee shares her research and insights across banking, insurance and property to help readers save. She loves getting stuck into a story, unveiling all the facts, breaking down stats and drawing on personal experiences - this is what drives her as a journalist. She has a double degree from the University of Wollongong, with a BA in Journalism as well as Media and Communications.