Comparing Different Car Insurance Types

Most Australian drivers are probably spending close to $1.5 billion more than whats required in order to have their cars insured. According to a research this is due to them blindly continuing to stick around the same old insurer's in the state.

As per a recent study conducted by InfoChoice.com.au, which is a leading finance comparison website, Australians should start looking at other insurance agencies too and get away from the comfort of the old agencies as they could save more money by doing so.

While comparing the premiums that 3 of the largest car insurers of state charge as compared to the other smaller yet competitive insurers charge, the results of the study were as listed

The South Australians could potentially save millions of dollars by shopping for around for better deals with other insurance providers. Their potential saving could be a whopping 42 per cent in total saving for the state.
The drivers of New South Wales were paying the highest premium to these 3 big car insurers when as compared to all the other states in the country. The average premium of the drivers was around $1,200 per year thereby making them the highest potential people who could save by moving to other insurers. They could save upto as much as 38 per cent by doing so.
Next in the line of potential savers were the Victorians who could save upto 32 per cent by making this shift.
The average premium could be lowered by almost 29 per cent in Western Australia if they are ready to move from their regular insurer to the new competitive insurers.
The state of Queensland has the potential to save almost 27 per cent or around close to a million by moving to the newer breed of insurance companies.
Tasmanians can also have their potential saving of upto 32 per cent if they were ready to give the new insurers a chance to prove their mettle.

Are you ready to compromise on quality, just to pay less?

"The common perception that people tend to have is that, by paying less you would be compromising on quality. But the truth is not as people believe, the new competitors have scored at par with the big players on the key customer satisfaction indicators that was listed in our survey of over 2000 car insurance policy holders," Mr Cornelius said.

"Reality is that the Budget Direct and real Insurance have received most of the awards in the past few years in a very similar ratio"

It about time to change the thought process

"Customers do not need to wait for their policy renewal dates in order to switch their insurance companies. They would need to pay a small exit fee when cancelling an existing policy and would also receive any unused portion of the paid premium.

"Around .5 billion is spent by Australians on car insurance premiums on an annual basis. Most of the people renew their insurance every year without even looking or researching for any better alternatives when you can do so with a few simple clicks online." he said.

Get most out of your money

"Getting a quote from different insurance providers takes just as much as the same time that it would take to make yourself a cup of coffee. You can compare atleast 8 different insurance brands at the same time." said Mr Cornelius.

According to the financial comparison website, when as compared with the other product categories, it is much easier to switch car insurance providers.

Changing Times

InfoChoice.com.au has launched a new online car insurance comparison service after getting the results of their survey in order to help people in Australia to save their money.

The website that has been launched today allows visitors to get a fast and accurate comparison of quotes from various insurance underwriters that are located in one area.

To get quick and accurate car insurance comparisons at one location visit, InfoChoice.com.au

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Comparing Different Car Insurance Types

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