Young person: Age 23 and wants to insure a 2012 Mazda Axela hatchback for $10,500.
Middle-aged person: Age 45 and wants to insure a 2019 Nissan Leaf X hatchback for $27,500.
Older person: Age 70 and wants to insure a 2015 Honda Fit (hybrid) for $12,000.
Family of four: Dad (50), mum (50), son (19) and daughter (17) want to insure a 2017 Ford Escape SUV (AWD) for $19,000.
The car insurance quotes in our “Compare” tab are based on these assumptions:
Our drivers are fully licenced, except for the son and daughter in our family of four (who hold restricted licences).
None of our drivers have been convicted of a driving offence.
None of our drivers have made a claim in the past five years.
The cars are fitted with alarms and are usually parked in residential driveways.
The cars are not modified or used for business purposes.
Apart from our young person and the teenagers in our family of four, no one under 25 will drive the cars.
Excess is the standard excess for each age group.
Cove Insurance doesn't have a standard excess. Customers can select an excess from $400 to $1,000; additional excess applies to inexperienced drivers.
AMP, State and AMI premiums were gathered from the insurers’ websites and have different policy start dates. Cove Insurance does not offer coverage to drivers under 21.
MAS indicated they would insure for market value rather than an agreed value but didn't specify a market value.
FMG also indicated they would insure for market value, but the market values listed were equal to our proposed agreed values.
Warehouse Money no longer offers new policies
In past premium surveys we have included Warehouse Money. However, as of 2020, the insurer no longer offers policies to new customers, so we did not include it in our survey this year.
A spokesperson from The Warehouse said, “While new Warehouse Money car insurance policies are no longer available from The Warehouse, existing customer policies remain in effect as per their contracts with Vero, and any new policy enquiries may be directed to Vero.”
Car insurance providers
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