Top 10 Best Insurance Companies in Australia

These days, it's important to have insurance. We all hope our luck holds out and we don't have any major health scares, accidents, or theft or damage of our property, but bad things can and do happen. A quality insurance provider helps to weather the storm and get you back on your feet as soon as possible.
The Top Ten
1 GIO GIO Insurance offers a range of insurance products, including car, home, and travel insurance. They are known for their competitive pricing and comprehensive coverage options.

I have been with GIO for years now. They always deliver excellence when it comes to car, home, and contents cover for our family. Had an at-fault claim a few years back, and the service that was given was fantastic. Easy to deal with, friendly customer support, and claims are no hassle whatsoever.

Now, this is a very popular company, and it does have great rates, so it makes the top ten list.

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2 Allianz Allianz is a global insurance company with a strong presence in Australia. They provide various insurance solutions, such as motor, home, and business insurance. Their reputation is built on reliability and customer service.

I thoroughly enjoyed the excellent service provided by Allianz. They surpassed my expectations when I applied for my car insurance. Their dedication to the customer, seamless transaction process, and competitive pricing convinced me to switch from GIO.

I can't agree with the author's experience where his house was robbed, and he was asked to "fix" it himself before going to GIO - that doesn't make sense. I took considerable time to make my decision, and I encourage you to do the same.

Great company, excellent customer service, easy car rental following an accident, and the car was fixed promptly with no hassles. They pride themselves on their coverage and rightfully so. I have experienced other cheap repair services, and they were nowhere near as efficient or pleasant. I wouldn't change a thing. It was worth every cent.

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3 CGU CGU Insurance is a well-established Australian insurer. They offer a wide range of insurance products, including business, home, and farm insurance. CGU is known for its personalized service and tailored coverage.

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 complaint. Then they got back to me pretty quickly, and that was six weeks later, to tell me my claim was declined!

I had a leaking roof in the middle of winter. They could have told me earlier so that I would get it fixed five weeks sooner! Allianz is bad, don't get anywhere near them!

Fantastic company and they do have my back! I've been with them for a long time, and they do protect their customers even when it comes to claims! Great customer service!

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4 AAMI AAMI is a popular choice for car insurance in Australia. They provide straightforward policies, competitive rates, and a user-friendly claims process. AAMI is often associated with reliable car coverage.

Recently, I had an accident. I was at fault. Reading all these comments and reviews, I believed that they would repair my car (a serious accident with airbags deployed). I read that they use cheap second-hand parts, etc. But not only was that not true, they wrote off my car, and they were super quick. From the date of the accident till I saw the money in my account, it took exactly 10 days.

I'm really happy with the way they handled the situation. My Hyundai i45 was insured with them for the last 3 years. The premium was $900, a lot cheaper than other competitors. And yet, the service was exceptional. Very happy.

5 NRMA NRMA Insurance is one of the largest insurers in Australia. They offer a comprehensive range of insurance products, including car, home, and travel insurance. NRMA is trusted by many Australians for their insurance needs.

Customer for 45 years, yes! Had a few hiccups, some because I did not read the policy. Others... all companies increase policies. Received half the value of the camera, damaged away from home, that was not covered under my policy. In the past, four houses, six cars, two boats. It's NRMA for me, for now.

Their service and quality are unmatched. Not the cheapest, but you know you're covered. I have claimed three times in the past ten years, and each time, I have had a great experience.

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

6 Truckers Insurance HQ Truckers Insurance HQ specializes in commercial vehicle insurance, particularly for trucks and transport businesses. They offer tailored coverage for the unique needs of trucking industry professionals.

Had a great experience with these guys. Adam is an awesome broker - very down-to-earth and really knows his stuff. He not only saved me an extra $80 from what I was going to pay, but he also got me inclusions I didn't even consider. Very happy customer... which is rare because insurance sucks!

Truckers Insurance HQ is a leading general insurance broker agency in Australia and an expert in insurance for the transport industry. They provide you with risk-effective and cost-effective insurance service, according to your needs.

7 Budget Direct Budget Direct is known for its affordable insurance options. They provide car, home, and travel insurance with a focus on cost-effective coverage. Budget Direct aims to offer value for money.

The cheapest and best motor vehicle insurer, in my opinion.

8 Coles Insurance Coles Insurance provides car and home insurance. As part of the Coles Group, they offer competitive rates and additional benefits for Coles supermarket customers.
9 Youi Youi is an Australian insurer that emphasizes personalized policies. They tailor insurance coverage based on individual needs, offering car, home, and other types of insurance.

My wife smashed our Navara - total write-off. They were excellent. Gave us a very fair price, quick payment, no issues. Even the tow truck driver said, 'Oh, you have Youi, you will be fine.' I kind of figured he would know, and he was right.

Very easy to deal with and quick professional service.

Gives a good price and has good service.

10 Suncorp Suncorp is a major financial services group in Australia. They offer a wide range of insurance products, including car, home, and life insurance. Suncorp is known for its diverse offerings.

Have had to make two car insurance claims in the last three months through no fault of my own. Claimed over the phone, fixed my car both times straight away with no hassles whatsoever, and provided two weeks of car hire in each case. Very happy with their service.

Love Suncorp! Easiest claim ever. 24 hours and money was in my account.

Very helpful and seamless process, love Suncorp... It's just easy.

The Contenders
11 RACQ Insurance RACQ (Royal Automobile Club of Queensland) provides insurance primarily in Queensland. They offer car, home, and travel insurance, along with roadside assistance. RACQ is a trusted local insurer.

I have made one not-at-fault claim with RACQ. They were quick to respond and get the car into the repairer. The only problem was the repairman took nearly seven weeks to fix our car, and our car hire was only covered for 14 days. The rest came out of our pocket for the rental.

Besides that... so far, so good!

12 NIB NIB is a leading health insurer in Australia. They specialize in health insurance policies, offering coverage for hospital stays, extras (such as dental and optical), and ambulance services. NIB is known for its customer-centric approach.

Guess what, it's got some pretty good rates and now there are people talking about it. So, it's up there in the top ten.

A company with a good vision for what to do next.

13 AMP AMP provides various financial services, including insurance. They offer life insurance, income protection, and superannuation products. AMP has a long history in Australia and caters to diverse financial needs.

I know that they are not heard of by many of you, but it's got some pretty good rates.

14 Medibank Medibank is a government-owned health insurer. They provide health insurance plans for individuals, families, and businesses. Medibank offers a wide network of healthcare providers and services.
15 RAA RAA (Royal Automobile Association of South Australia) offers insurance products primarily in South Australia. They provide car, home, and travel insurance, along with roadside assistance. RAA is trusted by local residents.

I liked how they dissed AAMI! They said, "There's no Ship Creek in South Australia," meaning "don't use AAMI because it's not South Australian!" Makes me laugh every time!

16 Bingle Bingle is an online car insurance provider. They focus on simplicity and affordability, offering straightforward policies with competitive rates. Bingle aims to make car insurance hassle-free.
17 Q Report Jewellery Insurance Q Report specializes in insuring valuable jewelry and watches. They provide comprehensive coverage against loss, theft, and damage. Q Report is trusted by jewelry enthusiasts.
18 Chubb Chubb is a global insurance company with a presence in Australia. They offer various insurance solutions, including property, liability, and specialty lines. Chubb is known for its high-value coverage.

I honestly don't know anyone who is insured with them, but their rates aren't bad, so they're in the top tens.

19 RACV RACV (Royal Automobile Club of Victoria) provides insurance services in Victoria. They offer car, home, and travel insurance, along with other member benefits. RACV is a well-established local insurer.
20 Achmea Achmea is an agricultural insurer that operates in Australia. They specialize in farm and rural insurance, providing coverage for crops, livestock, and farm infrastructure. Achmea understands the unique risks faced by farmers.

Great cover. Fast claim service.

21 AllTradesCover AllTradesCover specializes in insurance for tradespeople and contractors. They offer coverage for various trades, including liability insurance, tools and equipment insurance, and more. AllTradesCover understands the unique risks faced by those in the trades industry.

All Trades Cover was established with one aim: to provide competitive insurance for all trades across Australia, regardless of their size. To achieve this, we have partnered with Australia's largest insurer and developed competitive products for:

- Motor Vehicle Insurance
- Tools of Trade Insurance
- Personal Accident and Illness Cover
- Public Liability Cover
- Workers Compensation
- General Property and Tools Cover
- Home and Contents Insurance

We found many other insurers out there with hard-to-use online systems, so we set about making life easy for our clients online. We also ensured we offered other products clients would want, like Home Insurance or Motor Vehicle Insurance. Additionally, we wanted to provide as many free services and information as possible, such as our Tips for Tradies section and our Sum Insured Calculators.

22 RAC RAC (Royal Automobile Club) provides insurance services primarily in Western Australia. They offer car, home, and travel insurance, along with roadside assistance. RAC is trusted by local residents for their insurance needs.

Very transparent company. If you read your annual renewal, then you know exactly what you're in for, rather than all the hidden clauses with other for-profit companies.

23 TradeCover TradeCover focuses on insurance solutions for tradies and small businesses. They provide coverage for public liability, professional indemnity, and other trade-specific risks. TradeCover aims to simplify insurance for tradespeople.

There are many companies emerging in Australia in the insurance field, and one of the unique ones is TradeCover. They provide valuable services to Aussies to make them financially strong.

24 Apia Insurance Apia caters to seniors and retirees. They offer insurance products such as home and contents insurance, car insurance, and travel insurance. Apia understands the needs of older Australians.
25 Vero Insurance Vero is a commercial insurer that provides business insurance solutions. They offer coverage for property, liability, and other business risks. Vero serves a wide range of industries.
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