Best of the Best 2024: Best-Value Car Insurance


Budget Direct has been named Money's Best-Value Car Insurance as part of the Best of the Best awards.

For most of us, paying car insurance premiums is rarely cause for joy, but it's when we have a collision that car cover suddenly seems like the best thing since sliced bread.

If you're looking to trim the cost of cover without scrimping on features, Budget Direct is a regular fixture in this category, having taken out Money's Best-Value Car Insurance award for a remarkable six years in a row.

best of the best 2024 best value car insurance

Jonathan Kerr, chief growth officer at Auto & General Holdings, owner of the Budget Direct brand, describes this year's award as "the most important win yet".

'Best value' has never been more important to Australians dealing with cost-of-living pressures, he says.

"What makes Budget Direct really stand out is our consistent ability to offer a fully featured car insurance product and service, while also winning the Best Value award."

So, what sort of bang for your buck does Budget Direct provide? With comprehensive cover, you'll get a lifetime guarantee on authorised repairs, the reassurance of a 24/7 claims service and a hire car following a no-fault accident or theft.

If your brand-new car is written off within the first two years or 40,000km of the original registration (whichever comes first), Budget Direct will replace it with a new one.

Motorists who use their car sparingly are rewarded, too. Low-kilometre drivers pocket the savings of a reduced premium.

If you move to Budget Direct as a new customer, score a 15% discount on the first year's premium when you organise and pay for cover online. If you have proof of your no-claim bonus (or no-claim discount) with your current insurer, you can transfer your rating over to Budget Direct.

How do the savings stack up in dollar terms? In a survey of Budget Direct customers across Australia, those who switched to Budget Direct said they saved an average of $203.

If you're keen to ramp up the savings, Budget Direct also offers driver-age restrictions. You can restrict your policy to drivers over a certain age: 21+, 25+, 30+, 40+, 50+, the biggest age range of any major insurer to help trim your premiums.

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