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

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

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.

3CGU
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!

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
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 agree, they may not be the cheapest but they have been the best. Excellent customer service. They make is very easy to claim and they care about their clients.

6Suncorp
Well I guess they are not just a bank cause they have insurance rates and they arent great but they arent bad

Price performance is not everything, Ultimately you reach the point where you need to get your dough.
Management need to understand their industry and fix systemic problems.
Promised payout on 17/06/2013. 345 days later still waiting for MY money.
Could not recommend to anyone.
Totally useless, the staff have no idea what's going on and the assessors think they are gods!
Moving company as we speak!
[Newest]Love Suncorp! Easiest claim ever. 24 hours and money was in my account.

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.

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


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

14You.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.

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

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This list was created 5 years, 0 days ago and has been voted on over 200 times. This top ten list has been blogged about 2 times.

Updated Thursday, February 26, 2015


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