Top Ten Best Insurance Companies In Australia

mattro

July 31, 2015 - These days its important to have insurance and especially when the one company can insure almost everything you have with a deal or something. Don't agree with the list? Vote for an existing item you think should be ranked higher or if you are a logged in, add a new item for others to vote on or create your own version of this list.

The Top Ten

1
GIO
Just because their rates are low, does not mean it is great! READ your Product Disclosure Statement (PDS)! ;)

Been with GIO for a while with very comprehensive cover, I thought. Went to claim on a lost top of the range MacBook Air (MBA) and was told the like for like PDS does not cover the replacement of a high end product as the newer basic entry level is just as fast as my older MBA.

My $2,400 MBA was replaced with a $1,300 MBA, even though we insured it as a custom made product and for $2,400. Further, we were also paying the appropriate premium for this cover and was told we could nt be refunded either as it is my responsibility to check PDS and ensure I am insuring correctly!

I am searching for an insurance Co which replaces a quality item with a quality item.

As a side note, during our discussions, claims officer stated our $2,000 Panasonic Viera can be replaced with a $800 Panasonic Viera if it meets the "like for like" elements.

PLEASE CHECK YOUR GIO POLICY, OR ANY POLICY for that matter!
Now this is a very popular company and it does have great rates so it makes the top ten list

mattro

GIO the worst of worse when lodging a contents claim 6 months later we still waiting for the claim to be resolved.
I'm defiantly not impressed I was insured by them for over a year to find out they don't actually cove my field of work, even when my business name clearly states what I do

2CGU
Look I know it's not that popular but it has some great rates and offers

Been with them for years, claimed twice, easy no fuss, Had Allianz on my home insurance, trouble, trouble, trouble! Never got back to me with their claim decision. I called again and again, even lodged a compliant, then they got back to me pretty quick, and that was six weeks later, told me my claim was declined! I had a leaking roof in the middle of winter. Could have told me earlier so that I would get it fix five weeks earlier! Allianz is bad, don't get anywhere near!
This is the best insurance company! Very quick with their claims!

3AAMI
Shocking customer service. VERY long story short, after someone drove into the drivers door of my car at an intersection AAMI sent the car off to their repairer who had the amazing idea to remove the compliance labels from the drivers door sill to conduct repairs. when they gave the car back the handed me the compliance labels on a sheet of A4 paper and told me to keep them in the glove box! I took the car to be valued with the compliance labels removed and it was worth $10,000 less than it should have been. In the process of removing the compliance labels they were ripped (sticker type label) and had pieces missing so when the repairer insisted on attempting to refit them it was a disaster. AAMI don't want anything to do with it and it is now in the hands of the ombudsman. Don't get cheap car insurance thinking it'll give you the same policy as the better companies, you get what you pay for I guess...
Don't Bother! Landlord Insurance claim has been has been a nightmare with this company, they state they cover Malicious damage by bad tenants.. I had superglue put in my door locks, 5 months of unpaid rent, new kitchen bench tops vandalised with paint stripping chemicals, cook top smashed, holes in walls, a court order pending to evict the tenants, the list goes on.. AAMI claims they do not believe it to be Malicious damage? Couldn't believe my ears when they tried to say the bench top would have been damaged when the tenants cleaned the bench tops.. What cleaning? The place was left in such a state I had to pay professionals $1000 to clean. This company is extremely rude and and I am certainly taking my 3 policies elsewhere. Goodbye and good riddance AAMI.
Terrible 2 years later, I am told door hinge problem due to lube. Door still doesn't sit flush to drivers side which effects the petrol electronic primer within volks Wagon door electrics. Then I'm told at Preston assessment its a 2003 model car and they can't get me a hire car again.. And they are somewhat surprised when you get upset.. Low grade company never again.
[Newest]Very bad customer service. Unhappy with the way that AAMI staff talking to customers. Even they are not listening to us. So rude staff.. Supervisors and every one.

4Allianz
Well these guys are fair on price and fantastic on service, staff members are trained really well and have the best claims department in the insurance industry. No wonder they have been voted best general insurer in Australia 3 TIMES! Including 2011! Remember its not all about premium price when it comes to insurance!
The house was robbed, contacted allianz they said they would send out claim forms, after 2 weeks I rang back, sorry about the delay will send the forms out right now, 2 weeks later no forms, I ring back and I am told to fix it myself and send out the bill, so I did, I fix it myself and then I fix allianz and went to gio and have been there ever since
now this is getting very popular and its because of its low rates so its up there with the really big names like gio and aami

[Newest]Hard to say I love an insurance company, but feel these guys are doing the right thing. I get what I'm covered and what I'm not covered for, they answer the phone when I need it, I'm happy with that.

5NRMA
Just keep driving the prices up and keeping the value of my car down even though I could sell it for more than the value they are putting on it after years of having my insurance with you guys I'm taking my business elsewhere see ya later NRMA!
Their service and quality is unmatched. Not the cheapest, but you know you're covered. I have claimed 3 times in the past 10 years, and each time have had a great experience.
I can't keep pace with their premium increases - especially the last few years so after 15 years no claim customer on house/contents/car/boat - I'M going elsewhere

6Suncorp
Absolutely terrible when it comes to making a contents claim! Have just had to make a claim for a lost engagement ring with a valid valuation certificate. Suncorp is refusing to pay what the valuations states as their "Jeweller" (I use this term very very very loosely) said the ring retails at $12,500 but they can remake it for $7724. Don't know how this works when the valuation certificate states the value of the ring is $9380. Am in the process of going through dispute resolution to get the full value of my ring. DO NOT INSURE YOUR JewELLERY WITH THEM! I am taking my insurance somewhere else.
Have had to make 2 car insurance claims in the last 3 months through no fault of my own. Claimed over the phone, fixed my car both times straight away with no hassles whatsoever and provided 2 weeks car hire in each case. Very happy with their service.
Well I guess they are not just a bank cause they have insurance rates and they arent great but they arent bad


7Superannuation Warehouse
Superannuation Warehouse has great advisers for financial service, especially for smsf. This is one of the best small business accountant and the most trustworthy financial planners.
Great company and great insurance rates...
SMSF Insurance at wholesale rates if you signup with SMSF Warehouse's Code. It is compulsory for SMSF Trustees to consider insurance for every member. The insurance premiums can be paid directly from your SMSF.

8NIB
Guess what its got some pretty good rates and now there's people talking about it so it's up there in the top ten

Visit NIB Website

9AMP
I know that they are not heard of by many of you but its got some pretty good rates

Please enter in India Market because in India Travel Insurance & Health Insurance good portfolio.

10You.insured
Worst insurer ever for car insurance! Wanted to use their own dodgy repairer who would replace with second-hand parts (and the assessor was rude and arrogant), even though the car was 2 years old! Had to fight tooth and nail to get who we wanted for a repairer. Youi valued the damage at half the price our repairer said it would cost to fix it properly as new standard. Needless to say we promptly changed insurers! Will never insure with them again.
Don't agree or believe your comment,

The Contenders

11AXA

12Chubb
I honestly don't know anyone who is insured with them but their rates arent bad so they're on the top tens


13RACQ Insurance
I'm interested working your company can you chance me please I'm Iqbal. Answer reply me take care.

Iqbal
Iqbalr_21@hot mail.com

14Q Report Jewellery Insurance

15Smart Business Insurance Pty Ltd.
Specialists in business insurance. Business owners can access multiple quotes and expert business insurance advice from SMART Business Insurance. Good pricing and responsive service on public liability, professional indemnity and commercial property.
SMART Business Insurance is a specialist business insurance adviser based in Melbourne, bridging the gap between small local brokers, large multi national direct insurers, and insurer online websites.

16TradeCover
There are many companies that are emerging in AU in insurance field and one of the unique is the http://www.Tradecoverwa.com/ that provide some valuable services to the Aussies in terms to make Aussies financial strong.

17Redwood Advisory
Recommned these guys for those starting out in SMSF. My biggest consideration was choosing a company that was owner operated. After years of working in financial services I know what it's like being shifted from rep to rep. These guys know there stuff and have been extremly helpful

18Truckers Insurance HQ
Truckers Insurance HQ is a leading general insurance broker agency in Australia & expert in Insurance to the Transport Industry. They provide you risk effective and cost effective insurance service, according your needs.
I had a good experience with Truckers Insurance HQ. Went with Truckers Insurance HQ because it was the cheapest but best. Request a free quote.
We offer the lowest rates with the best insurance plans.
[Newest]Your Truckers Insurance Specialist.

19BizCover
BizCover is Australia s leading online business insurance service. They provide Australian Small businesses with a faster, simpler insurance experience, by allowing them to compare and buy the right cover at the right price from some of Australia s leading insurance companies.

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This list was created 5 years, 154 days ago and has been voted on over 300 times. This top ten list has been blogged about 2 times.

Updated Thursday, July 30, 2015


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