How do you choose the finest auto insurance when the market is worth $20 billion and is dominated by a small number of providers in Australia?
Canstad, a ratings organization, crunched the figures and examined plans from 37 different insurance companies; the results showed that the big names are not always the winners.
Of the well-known insurers, NRME performed the best, but the majority, including APMI, GUO, and Alliatz, were rated as average with a three- or four-star rating based on a variety of factors, including price, customer service, quality, and turnaround time for repairs.
Budget Go and YOTI were found by CaDstar to be the best insurers for both young and old people across all profiles, mostly because to the significant cost savings.
According to Gerry Perry of Cadstar, “They are challenger brands with extremely high quality policies.”
It is a very competitive market, and price makes up a large portion of it.
All age groups awarded Australia Post, Budget Go, and Great Money five stars in RSW.