Car insurance shake up offers driver savings


03 Jan 2021

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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 could bring 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. Be rewarded for being a woman driver

Stella Comprehensive Car Insurance
  • Pay less and enjoy No Claim Rewards

  • Enter your car rego to get a quick quote

Stella is a game changing new insurer that’s rewarding female drivers for being safer drivers. As a woman, you can sign up for a Stella comprehensive car insurance policy and pay less for being a statistically lower risk driver while still enjoying benefits like theft and accident damage, new car replacement, personal item cover of up to $1,000 and an annual $100 no claim reward.  

3. 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.

4. Drive Less Pay Less bonus

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

  • Drive Less Pay Less option

The Woolworths Comprehensive Car Insurance policy offers cover at a price that you’re sure to love. Not only does Woolworths give you a numerous ways to save on your premium, including up to a 15% discount on your first premium when you apply online and via the Woolies Drive Less Pay Less option, it also provides an extensive range of cover for your car like damage, loss or vandalism and personal belongings. This policy also allows for up to $500 in emergency repairs without assessment, reasonable towing costs and up to $500 for emergency accommodation as an added extra.

5. 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! 

^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.