Latest car insurance discounts and offers – November 2024
Compare a wide range of car insurance deals available to eligible policyholders. The table summarises the key offer info, but please check the full details with the provider, including eligibility criteria, exclusions, and any other terms and conditions. Be sure to also review the Product Disclosure Statement (PDS) and other policy documents, and consider whether the car insurance policy as a whole is suitable for you before signing up.
Provider | AAMI |
|---|---|
Offer | $50 off comprehensive cover, or $20 off third party cover |
Offer conditions | Discount applies in first year only to policies purchased online. |
Provider | ahm |
Offer | 10% off for ahm & Medibank health members |
Offer conditions | You must hold a current eligible private health insurance policy at the time of first taking out a car insurance policy. Discount applies each policy term while you're an ahm or Medibank health member. Other T&Cs apply. |
Provider | Apia |
Offer | 10% off comprehensive cover |
Offer conditions | First year only on policies purchased online. Where multiple discounts are offered, Apia applies them in a predetermined order to the already discounted premium (usually before adding taxes and charges). |
Provider | Australia Post |
Offer | $75 off comprehensive cover when you buy online |
Offer conditions | Applies to the first year's premium only. Other T&Cs apply. |
Provider | Australian Seniors |
Offer | 5% off for Seniors Card discount holders |
Offer conditions | Discount does not apply to optional non-insurance services including Roadside Assistance. Other T&Cs apply. |
Provider | Australian Unity |
Offer | Up to 10% off comprehensive motor insurance |
Offer conditions | For the first 12 months if you quote and buy a new policy online. |
Provider | Bank of Melbourne |
Offer | Up to 10% off comprehensive motor insurance, PLUS get a $150 eGift card if you purchase a new eligible policy. |
Offer conditions | For the first 12 months if you quote and buy a new policy online. Gift card available on eligible policies with a minimum premium of $750 purchased before 2 December 2024. |
Provider | BankSA |
Offer | Up to 10% off comprehensive motor insurance, PLUS get a $150 eGift card if you purchase a new eligible policy. |
Offer conditions | For the first 12 months if you quote and buy a new policy online. Gift card available on eligible policies with a minimum premium of $750 purchased before 2 December 2024. |
Provider | Beyond Bank |
Offer | Up to 10% off comprehensive car insurance |
Offer conditions | Discount applies on your first year’s premium when you quote and buy a new policy online. |
Provider | Budget Direct |
Offer | Get 15% off comprehensive, third party property only or third party property, fire & theft cover |
Offer conditions | Discount applies on your first year's premium for a new policy purchased online. |
Provider | Bupa |
Offer | 10% off for Bupa Health Insurance members or 15% off for Ultimate Health members |
Offer conditions | Discounts apply each policy term while you're a Bupa Health member. Taxes, gov charges, fees or optional non-insurance services (e.g. roadside assistance) are excluded from discount. |
Provider | Club 4X4 |
Offer | 12 months roadside assistance |
Offer conditions | Get a quote for your 4X4 before 30 November 2024, select the roadside assistance optional cover & purchase the policy before the quote expires. |
Provider | Coles Insurance |
Offer | 15% off your first year's premium when you buy online, PLUS $50 off a Coles shop |
Offer conditions | New policies only. $50 off a single shop is only available to Flybuys members who purchase a new eligible policy before 30 November 2024 and keep the policy for 45 days. Other T&Cs apply. |
Provider | CommBank |
Offer | Up to 10% off when you apply online |
Offer conditions | Not available in conjunction with any other offer. |
Provider | Everyday Insurance from Woolworths |
Offer | Get 8,000 Everyday Rewards points PLUS 10% off an in-store Woolworths shop every month |
Offer conditions | When you purchase a new policy online. Offer ends on 30 November 2024. Other T&Cs apply. |
Provider | GIO |
Offer | 10% off comprehensive cover when you apply online PLUS a 10% multi-policy discount |
Offer conditions | Online discount applies in first year only. Multi-policy discount applies if you hold three or more eligible paid general insurance policies with GIO. Other T&Cs apply. |
Provider | HSBC |
Offer | Up to 10% off new comprehensive car insurance |
Offer conditions | Discount applies on your first year's premium when you quote and buy an eligible policy online. Other T&Cs apply. |
Provider | Hume Bank |
Offer | Up to 10% off comprehensive motor insurance |
Offer conditions | Discount applies on your first year’s premium when you quote and buy a new policy online. |
Provider | ING |
Offer | 15% off comprehensive or third party car |
Offer conditions | Discount applies on your first year’s premium when you quote and buy a new policy online. |
Provider | Kogan |
Offer | $10 off at Kogan.com every month |
Offer conditions | Active Kogan Insurance policyholders receive $10 off a purchase of $100 or more at Kogan.com once a month. |
Provider | NAB |
Offer | Up to 10% off comprehensive car insurance |
Offer conditions | Discount applies on your first year’s premium when you quote and buy a new policy online. |
Provider | National Seniors Insurance |
Offer | Up to 10% off comprehensive car insurance PLUS 10% off roadside assistance |
Offer conditions | Discount applies on your first year’s premium when you quote and buy a new policy online. |
Provider | NRMA |
Offer | Up to 10% off eligible policies |
Offer conditions | Discount applies on your first year’s premium when you quote and buy a new policy online. |
Provider | Over Fifty Insurance |
Offer | Up to 10% off comprehensive car insurance |
Offer conditions | Discount applies on your first year’s premium when you quote and buy a new policy online. |
Provider | Qantas Insurance |
Offer | 15% off eligible policies PLUS up to 40,000 Qantas Points |
Offer conditions | Discount applies on your first year’s premium when you quote and buy a new policy online. Minimum spend of $2k applies for max Qantas points offer. New policies only when held for at least 60 days. |
Provider | QBE |
Offer | $75 off comprehensive car insurance |
Offer conditions | New online policies only. |
Provider | RAA |
Offer | 10% off for Seniors Card holders PLUS 10% multi-policy discount |
Offer conditions | Discounts do not apply to optional covers or statutory charges. Multi-policy discount applies to each policy when you hold three or more insurance policies with RAA (excluding travel insurance). |
Provider | RAC |
Offer | Up to 10% off comprehensive cover for existing RAC members PLUS up to 25% off for low-emission vehicles |
Offer conditions | Minimum premium applies. Max low-emission discount applies to vehicles less than 1 year old and decreases by 5% each year until your car is five years old. |
Provider | RACQ |
Offer | $25 off comprehensive cover PLUS 10% multi-policy discount |
Offer conditions | $25 discount applies to new policies purchased online in first year only. Multi-policy discount only available if policyholder has three or more eligible policies. |
Provider | RACT |
Offer | 10% off with a multi-policy discount |
Offer conditions | When you insure your home, contents and comprehensive car with RACT. |
Provider | RACV |
Offer | 10% off with a multi-policy discount |
Offer conditions | Take out two or more eligible policies and save up to 10% on each – including home and motor insurance. |
Provider | Rollin' |
Offer | 10% off for the first 2 months and up to a 15% monthly discount from your 3rd month for being a safer driver |
Offer conditions | To qualify for a potential Safe 'n Save discount, the ROLLiN' app must be installed by all Listed Drivers and running at all times while driving. |
Provider | Shannons |
Offer | Multi-vehicle discount pay apply |
Offer conditions | Terms, conditions, limits and exclusions apply. Discounts do not apply to the Shannons Roadside Assist optional cover. |
Provider | St.George |
Offer | Up to 10% off comprehensive motor insurance, PLUS get a $150 eGift card if you purchase a new eligible policy. |
Offer conditions | For the first 12 months if you quote and buy a new policy online. Gift card available on eligible policies with a minimum premium of $750 purchased before 2 December 2024. |
Provider | Suncorp |
Offer | $50 off comprehensive cover or $20 off a third party policy PLUS 15% multi-policy discount |
Offer conditions | $50 off on your first year’s premium when you quote and buy a new policy online. Multi-policy discount applies when you combine three or more eligible policies. |
Provider | TIO |
Offer | Up to 5% named driver discount |
Offer conditions | Applies to comprehensive car insurance policies only when you name all drivers on your policy at time of purchase. |
Provider | Virgin Money |
Offer | 15% off first year's premium PLUS up to 10,000 Velocity Points |
Offer conditions | Discount only available on eligible policies purchased online. Velocity Points offer is for new eligible comprehensive Virgin Car Insurance policies purchased by 31 January 2025. |
Provider | Westpac |
Offer | Up to 10% off comprehensive motor insurance, PLUS get a $150 eGift card if you purchase a new eligible policy. |
Offer conditions | For the first 12 months if you quote and buy a new policy online. Gift card available on eligible policies with a minimum premium of $750 purchased before 2 December 2024. |
| Provider | Offer | Offer conditions |
|---|---|---|
AAMI | $50 off comprehensive cover, or $20 off third party cover | Discount applies in first year only to policies purchased online. |
ahm | 10% off for ahm & Medibank health members | You must hold a current eligible private health insurance policy at the time of first taking out a car insurance policy. Discount applies each policy term while you're an ahm or Medibank health member. Other T&Cs apply. |
Apia | 10% off comprehensive cover | First year only on policies purchased online. Where multiple discounts are offered, Apia applies them in a predetermined order to the already discounted premium (usually before adding taxes and charges). |
Australia Post | $75 off comprehensive cover when you buy online | Applies to the first year's premium only. Other T&Cs apply. |
Australian Seniors | 5% off for Seniors Card discount holders | Discount does not apply to optional non-insurance services including Roadside Assistance. Other T&Cs apply. |
Australian Unity | Up to 10% off comprehensive motor insurance | For the first 12 months if you quote and buy a new policy online. |
Bank of Melbourne | Up to 10% off comprehensive motor insurance, PLUS get a $150 eGift card if you purchase a new eligible policy. | For the first 12 months if you quote and buy a new policy online. Gift card available on eligible policies with a minimum premium of $750 purchased before 2 December 2024. |
BankSA | Up to 10% off comprehensive motor insurance, PLUS get a $150 eGift card if you purchase a new eligible policy. | For the first 12 months if you quote and buy a new policy online. Gift card available on eligible policies with a minimum premium of $750 purchased before 2 December 2024. |
Beyond Bank | Up to 10% off comprehensive car insurance | Discount applies on your first year’s premium when you quote and buy a new policy online. |
Budget Direct | Get 15% off comprehensive, third party property only or third party property, fire & theft cover | Discount applies on your first year's premium for a new policy purchased online. |
Bupa | 10% off for Bupa Health Insurance members or 15% off for Ultimate Health members | Discounts apply each policy term while you're a Bupa Health member. Taxes, gov charges, fees or optional non-insurance services (e.g. roadside assistance) are excluded from discount. |
Club 4X4 | 12 months roadside assistance | Get a quote for your 4X4 before 30 November 2024, select the roadside assistance optional cover & purchase the policy before the quote expires. |
Coles Insurance | 15% off your first year's premium when you buy online, PLUS $50 off a Coles shop | New policies only. $50 off a single shop is only available to Flybuys members who purchase a new eligible policy before 30 November 2024 and keep the policy for 45 days. Other T&Cs apply. |
CommBank | Up to 10% off when you apply online | Not available in conjunction with any other offer. |
Everyday Insurance from Woolworths | Get 8,000 Everyday Rewards points PLUS 10% off an in-store Woolworths shop every month | When you purchase a new policy online. Offer ends on 30 November 2024. Other T&Cs apply. |
GIO | 10% off comprehensive cover when you apply online PLUS a 10% multi-policy discount | Online discount applies in first year only. Multi-policy discount applies if you hold three or more eligible paid general insurance policies with GIO. Other T&Cs apply. |
HSBC | Up to 10% off new comprehensive car insurance | Discount applies on your first year's premium when you quote and buy an eligible policy online. Other T&Cs apply. |
Hume Bank | Up to 10% off comprehensive motor insurance | Discount applies on your first year’s premium when you quote and buy a new policy online. |
ING | 15% off comprehensive or third party car | Discount applies on your first year’s premium when you quote and buy a new policy online. |
Kogan | $10 off at Kogan.com every month | Active Kogan Insurance policyholders receive $10 off a purchase of $100 or more at Kogan.com once a month. |
NAB | Up to 10% off comprehensive car insurance | Discount applies on your first year’s premium when you quote and buy a new policy online. |
National Seniors Insurance | Up to 10% off comprehensive car insurance PLUS 10% off roadside assistance | Discount applies on your first year’s premium when you quote and buy a new policy online. |
NRMA | Up to 10% off eligible policies | Discount applies on your first year’s premium when you quote and buy a new policy online. |
Over Fifty Insurance | Up to 10% off comprehensive car insurance | Discount applies on your first year’s premium when you quote and buy a new policy online. |
Qantas Insurance | 15% off eligible policies PLUS up to 40,000 Qantas Points | Discount applies on your first year’s premium when you quote and buy a new policy online. Minimum spend of $2k applies for max Qantas points offer. New policies only when held for at least 60 days. |
QBE | $75 off comprehensive car insurance | New online policies only. |
RAA | 10% off for Seniors Card holders PLUS 10% multi-policy discount | Discounts do not apply to optional covers or statutory charges. Multi-policy discount applies to each policy when you hold three or more insurance policies with RAA (excluding travel insurance). |
RAC | Up to 10% off comprehensive cover for existing RAC members PLUS up to 25% off for low-emission vehicles | Minimum premium applies. Max low-emission discount applies to vehicles less than 1 year old and decreases by 5% each year until your car is five years old. |
RACQ | $25 off comprehensive cover PLUS 10% multi-policy discount | $25 discount applies to new policies purchased online in first year only. Multi-policy discount only available if policyholder has three or more eligible policies. |
RACT | 10% off with a multi-policy discount | When you insure your home, contents and comprehensive car with RACT. |
RACV | 10% off with a multi-policy discount | Take out two or more eligible policies and save up to 10% on each – including home and motor insurance. |
Rollin' | 10% off for the first 2 months and up to a 15% monthly discount from your 3rd month for being a safer driver | To qualify for a potential Safe 'n Save discount, the ROLLiN' app must be installed by all Listed Drivers and running at all times while driving. |
Shannons | Multi-vehicle discount pay apply | Terms, conditions, limits and exclusions apply. Discounts do not apply to the Shannons Roadside Assist optional cover. |
St.George | Up to 10% off comprehensive motor insurance, PLUS get a $150 eGift card if you purchase a new eligible policy. | For the first 12 months if you quote and buy a new policy online. Gift card available on eligible policies with a minimum premium of $750 purchased before 2 December 2024. |
Suncorp | $50 off comprehensive cover or $20 off a third party policy PLUS 15% multi-policy discount | $50 off on your first year’s premium when you quote and buy a new policy online. Multi-policy discount applies when you combine three or more eligible policies. |
TIO | Up to 5% named driver discount | Applies to comprehensive car insurance policies only when you name all drivers on your policy at time of purchase. |
Virgin Money | 15% off first year's premium PLUS up to 10,000 Velocity Points | Discount only available on eligible policies purchased online. Velocity Points offer is for new eligible comprehensive Virgin Car Insurance policies purchased by 31 January 2025. |
Westpac | Up to 10% off comprehensive motor insurance, PLUS get a $150 eGift card if you purchase a new eligible policy. | For the first 12 months if you quote and buy a new policy online. Gift card available on eligible policies with a minimum premium of $750 purchased before 2 December 2024. |
Car insurance discounts for driving less
Provider | ahm |
|---|---|
Offer | Save up to 30% if you drive less than 15,000km/year (compared to regular comprehensive cover) |
Offer conditions | You must hold a current eligible private health insurance policy at the time of first taking out a car insurance policy. Discount applies each policy term while you're an ahm or Medibank health member. Other T&Cs apply. |
Provider | Apia |
Offer | Get a discount if you travel under 20,000km/year |
Offer conditions | Where multiple discounts are offered, Apia applies them in a predetermined order to the already discounted premium (usually before adding taxes and charges). |
Provider | Bupa |
Offer | Save up to 30% with Pay As You Drive (compared to regular comprehensive cover) |
Offer conditions | Actual savings are determined by your individual circumstances, including the kilometres selected, excess chosen and other risk factors. Other T&Cs apply. |
Provider | Everyday Insurance from Woolworths |
Offer | Drive Less Pay Less available for policyholders who drive 15,000km or less per year |
Offer conditions | Actual savings are determined by your individual circumstances, including the kilometres selected, excess chosen and other risk factors. Other T&Cs apply. |
Provider | Huddle Insurance |
Offer | Save up to 30% if you drive 15,000km or less each year |
Offer conditions | Potential savings is compared to regular comprehensive cover cost. |
Provider | Real Insurance |
Offer | Save up to $367 with Pay As You Drive (15,000km or less each year) |
Offer conditions | Savings based on premium comparisons between Comprehensive Car Insurance and Pay As You Drive Car Insurance. Actual savings are determined by your individual circumstances, including the kilometres selected, excess chosen and other risk factors. |
| Provider | Offer | Offer conditions |
|---|---|---|
ahm | Save up to 30% if you drive less than 15,000km/year (compared to regular comprehensive cover) | You must hold a current eligible private health insurance policy at the time of first taking out a car insurance policy. Discount applies each policy term while you're an ahm or Medibank health member. Other T&Cs apply. |
Apia | Get a discount if you travel under 20,000km/year | Where multiple discounts are offered, Apia applies them in a predetermined order to the already discounted premium (usually before adding taxes and charges). |
Bupa | Save up to 30% with Pay As You Drive (compared to regular comprehensive cover) | Actual savings are determined by your individual circumstances, including the kilometres selected, excess chosen and other risk factors. Other T&Cs apply. |
Everyday Insurance from Woolworths | Drive Less Pay Less available for policyholders who drive 15,000km or less per year | Actual savings are determined by your individual circumstances, including the kilometres selected, excess chosen and other risk factors. Other T&Cs apply. |
Huddle Insurance | Save up to 30% if you drive 15,000km or less each year | Potential savings is compared to regular comprehensive cover cost. |
Real Insurance | Save up to $367 with Pay As You Drive (15,000km or less each year) | Savings based on premium comparisons between Comprehensive Car Insurance and Pay As You Drive Car Insurance. Actual savings are determined by your individual circumstances, including the kilometres selected, excess chosen and other risk factors. |
Judging the value of car insurance offers and discounts
Sean Callery, Editor of Money.com.au
Virtually all car insurance providers offer some form of discount, so they cancel each other out to an extent. The best offers are generally the ones that you can get without needing to spend any more than you otherwise would (some discounts only apply on the highest/most expensive level of cover). It’s usually best to start by shortlisting policies based on what cover you actually need and the base premium price. Only then should you factor in special offers as a potential tiebreaker.
Sean Callery, Editor of Money.com.au
Different types of car insurance discounts and offers - are they worth it?
1
Online discounts
This kind of offer is about as simple as it gets for car insurance. If you buy your policy online, it comes with a discount in the first year. That’s generally how this kind of offer works anyway. The incentive is to get customers to self-serve online (as opposed to phoning the call centre) which helps the insurance provider save money.
The discount generally expires after the first year, meaning you’ll have a higher premium if you choose to renew. You could always switch again to take advantage of a different sign up offer. Checking in on your insurance once a year is a good habit to get into, so these 12 month discounts can actually serve as a helpful incentive to review and switch regularly.
2
Gift cards
Often used as an incentive to encourage you to switch your car insurance policy. These typically come in the form of eGift cards, which can be used to purchase goods or services from a range of popular retailers. You’ll normally have to take out an eligible level of cover and sign up online.
It's common for these special offers to only apply on comprehensive policies and not on cheaper third party car insurance.
The value of the gift card will vary depending on the insurer and the type of policy you sign up to. Keep in mind that terms and conditions will likely apply, such as a minimum policy purchase (i.e. you need to take out a comprehensive level of cover) or during a specific promotional sign-up period.
3
Rewards points
Some car insurance providers offer rewards points as part of their promotions, which are usually earned when you sign up for a policy online. For example, Qantas currently offers Qantas Points to new customers, with the full 40,000 points available when your policy is $2,000 or more.
Other insurers may offer loyalty programs such as Virgin’s Velocity Points, which work similarly, allowing you to accumulate points that can be used for flights, accommodation, or travel-related expenses. If you’re not a frequent flyer, then perhaps it’s worth considering the overall value you’d get from claiming rewards points.
4
Discounts for paying annually
Some insurers offer a discount on their car insurance policies if you pays annually in a lump sum. For example, the monthly premium might be $200 ($2,400 for a year), but the insurer might only charge $2,200 if you pay the entire year’s premium up-front.
If you go with this option, just make sure you understand what happens if you cancel the cover before 12 months have passed (i.e. will you get a part refund).
Some insurers don’t charge any extra if you choose to pay monthly, which can make budgeting that bit easier.
5
Multi-policy discount
With a multi-policy car insurance discount, the insurer gives you money off if you have multiple policies with them (usually two or three policies is the minimum). For example, if you have your car insurance and your home and contents insurance or health insurance etc. with the same provider, you may get a 10-15% discount on each policy.
Bear in mind that a single insurer may not be the best value across multiple policy types. You may ultimately get better value by having different providers for each policy .
6
No claims discount/safe driver discount
A no claims car insurance discount rewards drivers who have not made a claim in the last few years. The insurer’s bet is that these drivers will also be less likely to claim in the future.
The other type of ‘safe driver discount’ rewards drivers who commit to having their driving monitored on an ongoing basis. This usually involves installing an app on your phone or some other tech that means the insurer can keep tabs on your speed, acceleration and braking.
7
Multi-vehicle discount
This is a variation on the multi-policy discount but is specific to car insurance policies. In other words if the same person covers two different vehicles with the same provider there may be a discount.
This kind of offer is common among specialist car insurers who offer cover on a range of vehicle types. So you might insure your day-to-day use vehicle and your weekend off-roader with the same provider and save some money on each policy.
8
Pay as you drive discounts
Pay as you drive car insurance is a relatively new phenomenon in Australia and can mean discounted cover for people who don’t drive their car much. Generally the upper limit is 15,000km, meaning if you drive less than that you could save money.
However, you’ll need to be confident that you won’t go over the insurer’s limit, or you could end up paying more than you wound under a standard policy.
9
Higher excess discount
Another form of car insurance discount involves choosing a higher excess to lower your premiums. The obvious potential drawback here is that if you make a claim you will need to pay more out of pocket. This also applies to other insurances, allowing you to get a health insurance discount, for example.
10
Discounts for eligible seniors
There are a handful of specialist insurers that may offer discounts to eligible seniors cardholders, although these are generally fairly modest discounts of up to 5%. This can still be handy for older drivers who tend to be charged higher premiums on average.
11
Restricted/named drivers discount
Car insurers that offer a restricted driver discount will reduce your premiums if your policy excludes certain higher risk drivers. This is usually drivers under the age of 25.
Similarly, with a named driver discount, you get a reduced premium if the policy stipulates that only people you have named on the policy will be covered. In this instance, if a friend or relative who is not named on the policy drives your car and is involved in an accident or other insured event, you may not be covered.
12
Shopping discounts
Australia’s two major supermarkets Coles and Woolworths sell just about everything under the sun, including car insurance. If you get insurance through either, there’s a good chance you’ll also get a discount on your groceries.
The specific offers change regularly, but generally either involve the policyholder receiving a discount on a single shop, or an ongoing discount on a single shop per month. Other retail brands that also sell insurance (e.g. Kogan also sometimes have offers lik this).
