How many Australian Car Insurance Companies are there out there?

There is no doubt that if you are an Australian resident that you have heard of companies such as AAMI, Budget Direct, Youi, GIO, RACV, RACQ and Bingle. But I bet you didn’t know there are +80 Australian Car Insurance companies willing to do business with you.
Traditionally there were only a handful of insurers you could use to buy your car insurance. These were often the motoring body insurance companies such as NRMA, RACV, RAA and RAC. Then you had the insurance companies that went through the offline broker distribution channel such as GIO, QBE, Allianz, VERO and Suncorp. You then have your companies that just sell insurance through their own channels without using brokers, these include, AAMI, Shannons, APIA and Just Car.

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Standing Out From The Car Insurance Crowd

The great thing about living in Australia is that it is full of individuals.  No two Aussies are the same, and you certainly see some extra special characters out there from time to time!  It doesn’t take a genius to realize that these differences do matter, yet most Australian car insurance companies continue to view one customer as completely interchangeable with another.

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Comparing Australian Car Insurance

The first thing to understand is the type of insurance you are seeking. Yes, there are different prices and shopping around or comparing is the best way to get the best deal. But beware comparing apples with oranges. You have to compare like with like. Because one policy is cheaper doesn’t make it better. And the most important thing is to get the right cover for your car with you as its driver.

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