Top Ten Best Insurance Companies In Australia

mattro

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

Don't feel alone Tassie,... They don't insure QLD either :-)
More comments about GIO

2AAMI
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.
I used to have all my insurances with AAMI until I had to make a minor claim and had a bad experience over my determination to avoid a cheap and dodgy repair. The escalation process was a joke and ended back with the same person. That was when it was a separate company; now it is just a brand. I would still never use AAMI cover again.
More comments about AAMI

3Allianz
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

More comments about Allianz

4CGU
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!
Look I know it's not that popular but it has some great rates and offers

I too have been with them for yrs. I have been trying to get my leaky roof fixed. No one calls me back, no one knows who is in charge of my claim, therefor no one can make a decision. They jacked my premiums up $30.00 a month and have no problem taking the money out of my account! Looking for a new insurance co.
More comments about CGU

5NRMA
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
I had a car repaired after a minor accident which damaged the front suspension They replaced one side of the cars suspension and not the other as they said it was not damaged in the accident.
Now the car handles like crap and you have to over correct it when going around bends, the car is now unsafe to drive and they want me to pay for the other side suspension.
I have many Houses and cars Boats insured with NRMA after this I’m searching for another insurer. They take you money and stuff your car, not fix it. NRMA you Suck and you have lost me.

6Superannuation 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.

7Suncorp
Well I guess they are not just a bank cause they have insurance rates and they arent great but they arent bad

Totally useless, the staff have no idea what's going on and the assessors think they are gods!
Moving company as we speak!
Very helpful and seamless process, love Suncorp... It's just easy.

8AMP
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.

9NIB

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

The Contenders

11Q Report Jewellery Insurance

12Chubb

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

Visit Chubb Website

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

14Smart 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.
Visit Smart Business Insurance Pty Ltd. Website

15TradeCover
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.
Visit TradeCover Website

16Redwood 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
Visit Redwood Advisory Website

17You.insured

Comments About This List

Featured Lists
Popular Lists
New Lists

Posts About This List

Be the first to add a post about this list

List Info

This list was created 4 years, 155 days ago and has been voted on over 200 times. This top ten list has been blogged about 2 times.

Updated Thursday, July 31, 2014


List Error Reporting

See an item on this list that's misspelled, duplicated, or doesn't belong? Let us know. Click here to report the error.