Australia’s best insurance of 2022

Finding a great value insurance policy with all of the coverage and features you need can be a real headache-inducer, with the result that too many Australians spend too little time researching the best options for car, home, life and pet insurance each year.

The barriers to comparing insurance can hit us in the hip-pocket too, with Mozo’s research revealing that Aussies could be paying hundreds of extra dollars in premiums each year for like-for-like insurance policies depending on which insurer you choose.

That’s why every year, the Mozo experts put their 65 years of combined financial experience to use to assess Australia’s best insurance policies for the Mozo Experts Choice Insurance Awards. ^

Close to 200 policies spanning car, home, landlord, life and pet insurance were analyzed by the Mozo judges to identify the best value and best quality options. Read on for our review of some of this year’s standout winners for you to compare and consider here.

Best Car Insurance

Budget Direct Gold Comprehensive Car Insurance *
  • 15% buy online discount on your first annual premium
  • Your choice of repairer

For the third year in a row, Budget Direct has taken out top honors as Mozo Experts Choice Insurance Provider of the Year, this time in the value category. ^ Budget Direct’s top-value Gold Comprehensive Car Insurance policy offers up to $ 500 of personal property covered, a separate $ 500 for covering baby capsules and another $ 1,000 to replace car keys and locks, plus new-for-old car replacement and the option to choose your own repairer after an insurable event. And don’t forget the feel-good bonus of a 15% discount when you buy the policy online (T&Cs apply).

Huddle Comprehensive Car Insurance *
  • Pay per kilometer and save when you drive less
  • 24/7 claims lodgement and new-for-old replacement (under 2 years)

If your car has been gathering more dust than miles thanks to remote working during Covid19, this new pay as you drive comprehensive car insurance could save you a bundle. With Huddle, you simply choose the miles you think you’ll drive this year and buy more miles later if you need them. If you drive less than 15,000 km a year, Huddle’s Pay As You Drive Cover could save you up to 30% compared to their regular comprehensive cover. With all this on offer, it’s little wonder Huddle won a Mozo Experts Choice Award for Exceptional Value Car Insurance. ^

Best Pet Insurance

Knose Knose Pet Insurance *
  • Annual benefit limit of $ 25,000 for accident and injury cover
  • Flexibility to have between 70% and 90% of eligible claims covered

Knose Pet Insurance won Mozo Experts Choice Pet Insurance Provider of the Year for its flexible approach which makes it simple to tailor your pet insurance cover. Policyholders choose their desired annual limit, benefit percentage and annual excess to create a pet insurance plan for their needs. You can also select optional extras such as dental issues, behavioral problems and alternative treatments. To be eligible for coverage, your pet needs to be at least 6 weeks and less than 9 years old when starting insurance.

Pet Insurance Australia Pet Insurance Australia *

Pet Insurance Australia has consistently topped the Mozo Experts Choice Awards ^ winners list for its exceptional value insurance. There is a choice of policy options including essential cover, comprehensive and major medical cover so that you can select an option based on your pet’s needs and your budget. There is an annual benefit limit of $ 6,000 for Essentials cover ($ 1,000 annual condition limit) and up to $ 15,145 on Major Medical cover. You’ll have a choice of excess and peace of mind knowing that your pet could be covered for both accidental injury and illness (some waiting periods and exclusions apply). And when you sign up online, you’ll get the equivalent of two months shaved off your premium for the first year (T&Cs apply).

Best Life Insurance

NobleOak Life Insurance *
  • Comprehensive cover up to $ 15,000,000 + Funeral Advance Benefit of $ 15,000
  • Process claims within 5 business days on average

NobleOak has more than 140 years experience in the insurance game and has been crowned Life Insurance Provider of the Year by our experts after taking home seven trophies in the latest Mozo Experts Choice Life Insurance Awards and appearing in every single award category. These life insurance pros are known for their extensive policy coverage and features which come at an affordable price. You can start your cover aged between 16 and 69, with guaranteed renewal up to 99 on up to $ 15 million in coverage (with higher levels of coverage considered on request).

NobleOak Premium Life Direct Income Protection Insurance *
  • Insure up to 70% of your pre-tax income (up to $ 30,000 per month)
  • Protect your income up to age 65

NobleOak’s Premium Life Direct Income Protection Insurance gives you peace of mind with regular payments for a specified period helping you replace some of your income when you can’t work due to serious illness or injury. With this policy you can choose either a 30 or 90 day waiting period, a benefit period of 2 years, 5 years or to age 65, plus there’s a generous maximum cover benefit of up to $ 30,000 per month (up to 70% of your pre-tax income).

Best Home Insurance

Budget Direct Home & Contents Insurance *
  • 30% combined apply online discount for your first year premium
  • New-for-old contents replacement cover

Offering extensive protection for your home and belongings at an affordable price, Budget Direct is Mozo’s Value Insurer of the Year. ^ This comprehensive home and contents insurance policy offers an impressive list of extra features like new-for-old contents replacement, cover for portable items, and emergency accommodation for up to 12 months (or 10% of the sum insured) for you and your pets. You’ll be protected against a range of natural disasters and there’s a heap of contents included – just check your PDS for limits on specific items. And if you’re after combined home and content cover, you’ll score a 30% discount on your first year’s premium just by purchasing a new policy online. Too easy.

* Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider’s website for further information before making any decisions about an insurance product.

^ See information about the Young Experts Choice Car Insurance Awards

Head to the Young Experts Choice Awards page to learn more about the winners and judging process for the latest Mozo Experts Choice Insurance Awards.

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