Money reveals the Best-Value Car Insurance for 2021
Budget Direct has been awarded Money's best-value car insurance for the third year running.
This category focuses solely on price and has been judged on a 30-year-old employed male parking his car on his property in the median suburbs in Melbourne, Brisbane and Sydney.
To find the lowest-cost car insurers, Rainmaker Information ran hundreds of price comparisons. When consumers do this they can see what makes insurance expensive - complex car colours, exclusive car brands, fancy features, where you park it, how you drive and how far you drive each year. Budget Direct ranked either first or second in almost two-thirds of the scenarios tested.
Rainmaker reviewed about 20 insurers in this category and found that Budget Direct focuses on value by keeping its business costs low, using online and social media to market itself and by making it easy for customers to interact with the business online.
Budget Direct also offers the ability for customers to save by restricting a policy to drivers over a certain age: 21+, 25+, 30+, 40+, 50+ - the biggest age range of any major insurer.
Coles and Bingle (owned by Suncorp) are in second and third spot respectively.
Budget Direct is underwritten by Auto & General Insurance Company, Coles is underwritten by IAG and Bingle by AAI.