MEDIA RELEASE
Hundreds of thousands of quotes analysed to find Australia’s Best Quality and Best Value Car Insurers
Budget Direct and NRMA Insurance are celebrated as the top performers in the Mozo Experts Choice Awards, after experts analyse 295,346 quotes from 33 providers.
30 September 2024
Today, leading financial comparison site Mozo is excited to announce the winners of the Mozo Experts Choice Awards for Car Insurance 2024, revealing the top-performing car insurers for Australians looking for the best value or highest quality coverage.
“Mozo’s extensive research offers Australians a clear understanding of which insurers are delivering exceptional value and which insurers are offering the highest quality coverage in a very competitive market,” says AJ Duncanson, Mozo Expert Choice Awards Judge.
“This year’s winners clearly excel in providing the best value for money and exceptional customer protection, and as premiums continue to rise it’s never been more crucial for drivers to compare policies and see if they can get a better deal on their car insurance."
The comprehensive analysis of 295,346 car insurance quotes across 61 policies has revealed which Australian insurers offer the best value and highest quality in car insurance. This included looking at 9,600 quotes from each provider.
"In the awards judging process we evaluate car insurance providers on both price and features, to ensure we’re recommending the best options for a range of customer profiles, from young drivers to seniors.”
Australia’s Best Value Car Insurer
Budget Direct has taken the top spot as Australia’s Best Value Car Insurer, securing wins in the Exceptional Value Car Insurance, Young Driver Insurance, and Senior Driver Insurance categories.
"With car insurance premiums steadily rising, Australians are looking for better value without compromising on coverage. Budget Direct has delivered exceptional affordability for drivers across different life stages, making them the standout choice for best value this year."
Australia’s Best Quality Car Insurer
NRMA Insurance has been named Australia’s Best Quality Car Insurer, standing out for its Comprehensive and Comprehensive Plus policies.
"While affordability is crucial, having comprehensive protection when it matters most is invaluable. NRMA Insurance’s superior coverage provides Australian drivers with peace of mind on the road, making them the top choice for best quality in 2024."
Key Car Insurance Award Winners for 2024:
Mozo’s analysis was based on a comprehensive review of quotes from a wide range of customer profiles. This ensured a representative assessment of value and quality across the market.
Exceptional Value policies were identified based on their ability to offer low premiums relative to similar products. Exceptional Quality policies, meanwhile, were selected for features including higher claim limits, broader coverage, and added benefits that enhance customer peace of mind.
“As the cost of living continues to rise, Mozo’s awards serve as a valuable resource for Australians seeking the best car insurance options offering top-tier value or the highest quality cover.”
“Mozo awards are designed to take the guesswork out of choosing car insurance, so Australians can be confident that whether they’re looking for affordable premiums or comprehensive protection, drivers can make informed decisions about which provider best suits their needs.”
Exceptional Value Car Insurance winners offered comprehensive coverage at the lowest cost.
- Australia Post – Comprehensive Car Insurance
- Bingle – Comprehensive Car Insurance
- Budget Direct – Gold Comprehensive Car Insurance
- ING – Comprehensive Car Insurance
- KOBA – Comprehensive Car Insurance
- NRMA Insurance – Comprehensive Car Insurance, Comprehensive Plus Car Insurance
- RAC – Comprehensive Car Insurance
- RACT – Comprehensive Car Insurance
- ROLLiN’ – Comprehensive Car Insurance
- Real – Pay As You Drive Car Insurance
Exceptional Value Young Driver Insurance winners offered affordable coverage for drivers under the age of 25.
- Budget Direct – Gold Comprehensive Car Insurance
- ING – Comprehensive Car Insurance
- NRMA Insurance – Comprehensive Basic Car Insurance
- RACV – Comprehensive Car Insurance
- ROLLiN' – Comprehensive Car Insurance
- Virgin Money – Comprehensive Car Insurance
Exceptional Value Senior Driver Insurance winners offered the lowest cost coverage for drivers over 55.
- AAMI – Comprehensive Car Insurance
- APIA – Comprehensive Car Insurance
- Bingle – Comprehensive Car Insurance
- Budget Direct – Gold Comprehensive Car Insurance
- GIO – Comprehensive Car Insurance
- KOBA – Comprehensive Car Insurance
Exceptional Value EV Insurance winners offered the best-value policies for electric vehicle owners.
- Bingle – Comprehensive Car Insurance
- NAB – Comprehensive Cover
- RACT – Comprehensive Car Insurance
- Westpac – Comprehensive Insurance
Exceptional Quality Car Insurance winners offered the most generous levels of cover.
- GIO – Platinum Car Insurance
- NRMA Insurance – Comprehensive Plus Car Insurance, Comprehensive Car Insurance
- RAA – Premium Comprehensive Car Insurance
- RAC – Comprehensive Car Insurance
- RACV – Complete Care Car Insurance
- Suncorp – Comprehensive Advantages Car Insurance
About the Mozo Experts Choice Awards
The Mozo Experts Choice Awards were established in 2014 to help Australian consumers find the best value and highest quality product offerings across a range of banking, insurance and personal finance products.
For the 2024 Car Insurance Awards, Mozo’s experts analysed 295,346 quotes from 33 providers from June - August 2024. Read the full winners list and methodology here.
For more information about the Mozo Experts Choice Awards, reach out to our partnerships team at account.management@mozo.com.au.