How you could save money with a spring clean of your insurance policies
Spring is here, and while you’re dusting off the cobwebs of winter, don’t forget one important area that could use a refresh: your insurance policies. Just like the rest of your home, your insurance cover could be in need of a tidy-up. No matter what type of cover you currently own, now’s the perfect time to review, compare, and potentially save on your premiums.
Why spring is an ideal time to review your insurance
As life changes, so do your insurance needs. Maybe you’ve recently renovated your home, added a furry friend to the family, or plan on taking more trips this year. Spring cleaning your insurance doesn’t have to be a chore, so don’t wait until your renewal notice rolls around. To help, we've rounded up some of our top picks for the month. Compare them below and see if you could be better off.
Home insurance: Is your cover up to scratch?
Your home is likely your biggest asset, so it’s crucial to have the right cover in place. But are you paying more than you need to? Comparing home insurance policies could show you more affordable options with better inclusions, for instance cover for accidental damage, higher limits, or additional perks like emergency accommodation. It’s also worth checking whether your current policy accounts for any recent upgrades or changes to your property.
Important information on terms, conditions and sub-limits.
Budget Direct Home & Contents Insurance**
- 15% discount for combining Home & Contents covers and 15% discount for policies initiated online
- New-for-old contents replacement cover
Offering extensive protection for your home and belongings at an affordable price, Budget Direct is Mozo’s Car and Home Insurance Exceptional Value Insurer of the Year for 2023.^ 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 PDS for limits on specific items. And if you're after combined home and contents cover, you’ll score a 15% discount for combining Home & Contents covers and 15% discount for policies initiated online.
QBE Home & Contents Insurance**
Winner of the Exceptional Quality Home & Contents Insurance^ in the Mozo Experts Choice awards for 2023, QBE Home and Contents Insurance can cover your property and belongings in case of fire, storm damage, theft and more. 24/7 friendly and helpful claims service. It comes with up to $30 million legal liability cover and you’ll receive temporary accommodation costs for up to two years if your home isn’t liveable (eligibility criteria applies). New policies purchased only could receive a 10% discount (T&Cs apply).
Car insurance: More than just a routine check
Car insurance is one of those things many of us set and forget, but there’s no harm in a quick comparison to see if you could be paying less for the same (or better) coverage. Who knows, you might find a policy with unexpected discounts to be had.
Important information on terms, conditions and sub-limits.
Budget Direct Gold Comprehensive Car Insurance**
- 15% discount for combining Home & Contents covers and 15% discount for policies initiated online
- Your choice of repairer
Budget Direct took out top honours as Mozo Experts Choice Car and Home Insurance Exceptional Value Insurer of the Year for 2023.^ Budget Direct's top-value Gold Comprehensive Car Insurance policy offers up to $500 of personal property covered, a separate $500 for covering baby capsules and another $1,000 to replace car keys and locks, plus new-for-old car replacement and the option to choose your own repairer after an insurable event. And don’t forget the feel-good bonus of a 15% discount for combining Home & Contents covers and 15% discount for policies initiated online.
ROLLiN' Comprehensive Car Insurance**
ROLLiN' is shaking up car insurance with a new pay-as-you-go approach that lets you pay month-to-month without any lock-ins or cancellation fees. So if you don't need to drive for a certain amount of time, you can simply cancel your cover without penalty and pick it back up when required. You'll enjoy 24/7 online claims support and a lifetime guarantee on authorised repairs, plus if you accidentally damage your windscreen, sunroof or window glass, ROLLiN' will fix them for free. The cherry on the cake? ROLLiN' scored to Mozo Experts Choice awards for Exception Value Car Insurance and Exceptional Value Young Driver Insurance.
Plus, get 10% off the base premium for the first 2 consecutive monthly policies and up to a 15% potential monthly discount from your 3rd month for being a safer driver. Minimum premiums may apply. Underwriting criteria, limits, exclusions, and T&Cs apply.
Pet insurance: Keep your fur babies protected without overpaying
As vet costs continue to rise, ensuring your pet’s cover is both comprehensive and cost-effective is key. Compare policies to see if there’s a plan with better limits, fewer exclusions, or a price that better suits your budget.
Important information on terms, conditions and sub-limits.
Knose Pet Insurance**
- Annual benefit limit of $25,000 for accident and injury cover
- Get 10% off your first-year premium using the promo code "MOZO10"
Knose Pet Insurance won Mozo Experts Choice Exceptional Quality Pet Insurance award^ for its flexible approach which makes it simple to tailor your pet insurance cover. Policyholders choose their desired annual limit, benefit percentage and annual excess to create a pet insurance plan for their needs. You can also select optional extras such as dental issues, behavioural problems and alternative treatments. To be eligible for cover, your pet needs to be at least 6 weeks and less than 9 years when starting insurance.
Pet Insurance Australia Pet Essentials**
- $1,000 annual condition limit
- 90% of eligible vet bills covered
Pet Insurance Australia’s Pet Essentials policy picked up a Mozo Experts Choice Award^ for Exceptional Value Accident & Illness Pet Insurance. This stand-out policy comes with no waiting periods for accidental injuries as well as an incremental 5% multi-pet discount, up to 15% (or three pets on one policy). It has an annual benefit limit of $6,000, cover for up to 90% of eligible vet bills (for pets under eight years old), up to $500 cover for emergency boarding fees and more.
Travel insurance: Ready for your next adventure?
Travel plans on the horizon? Make sure your travel insurance is up to scratch! Policies vary widely in what they cover, from medical emergencies and cancellations to lost baggage and adventure sports.
Important information on terms, conditions and sub-limits.
World2Cover Travel Insurance*
Not only did World2Cover’s Top policy take out several awards in the Mozo Experts Choice awards, but it also scooped the top tier honour of being named The Travel Insurance Company of the Year for 2024. This policy comes with unlimited medical and hospital cover for covid and non-covid related issues. There is limited cancellation cover for covid (up to $3500) but otherwise it is unlimited should you need to cancel your travel plans. You’ll also get $15,000 cover for luggage and personal effects and rental car excess cover of $5000. Amateur sporting and adventure activities such as hot air ballooning and bungee jumping are covered at no extra cost. Dependents travelling with you receive free cover as long as they are listed on the policy. T&Cs apply so be sure to read the PDS before purchasing.
Life insurance: Secure your family’s future
Whether you’ve recently welcomed a new family member, taken on a bigger mortgage, or experienced any significant changes, it’s worth reassessing your life insurance cover. Comparing life insurance policies could reveal better options with more affordable premiums, higher coverage amounts, or extra benefits like critical illness cover.
Important information on terms, conditions and sub-limits.
NobleOak Life Insurance**
- Lump sum cover available up to $25,000,000 if you pass away or are diagnosed with a terminal Illness
- Funeral Advance Benefit of $15,000
NobleOak has helped protect Australians for over 140 years and has been crowned Life Insurance Provider of the Year by our experts after taking home seven trophies in the Mozo Experts Choice Life Insurance Awards.^ NobleOak are known for their extensive policy coverage and features which come with competitive premiums. You can attain cover if you are aged between 16 and 74, with renewal available up to age 99.
NobleOak Premium Life Direct Income Protection Insurance**
- Insure up to 70% of your pre-tax income (up to $30,000 per month)
- Provides monthly payments to help you and your family if you’re sick or injured and can’t work
NobleOak’s Premium Life Direct Income Protection Insurance (Disability Income Insurance) gives you peace of mind with monthly payments for a specified benefit period helping you replace some of your income if you can’t work as a result of a serious illness or injury. With this cover you can choose either a 30 or 90 day waiting period, and a benefit period of 2 years, 5 years or to age 65. You can attain cover if you are aged between 18 and 55, with renewal available up to age 65.
^See information about the Mozo Experts Choice Life Insurance Awards
* 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 and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
^See information about the Mozo Experts Choice Home Insurance Awards