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Ways to save on Car Insurance
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Take control of your policy
Adjusting a few simple things on your car insurance policy could help you make sure you’re paying what you should be – and not more. Here’s some things you could change.
Confirm if your car's under finance
If your car was under finance when you took out your car insurance but you’ve since paid off the loan, consider checking whether that’s reflected on your policy – it may save a few bucks.
Consider your amount covered
You can decide the amount for which your car is insured within a certain range. Consider checking whether the amount covered for your car, which includes legal accessories and modifications fitted to your car, is right for you.
Update your payment frequency
If you pay your premium annually, you’ll pay less overall than if you pay monthly! You can change from monthly instalments to an annual payment even if you are mid-term.
Check your kilometres driven
If you don’t drive your car as much as you used to, you might want to ensure that’s reflected in your policy.
Confirm your listed drivers
Listed drivers can impact your insurance premium. Check that the drivers listed on your policy are still correct, and no one’s on there that doesn’t need to be – like anyone who no longer drives your car or someone on their L’s.
Note that having an unlisted driver may result in a higher excess in the event of a claim, so you may want to check that those who drive or will drive your car more than once during the insurance period are listed!
Update your excess
Did you know you can vary your excess? You can lower your Comprehensive Car Insurance premium by increasing your AAMI Flexi-Premiums® excess. Keep in mind that choosing a higher excess could mean paying more at claim time.
Skip the queue and update online
Depending on your policy type, you can check policy info, make payments, lodge claims and more!
Save with AAMI Safe Driver Rewards®
For each consecutive year you’ve driven safely and renewed your AAMI Comprehensive Car Insurance policy without making a claim that impacts your Safe Driver Rewards® status, you get rewarded.
These rewards come in the form of a Safe Driver Rewards® credit which is applied to next year’s premium, and a discount for optional cover, AAMI Roadside Assist. Safe Driver Rewards® is determined using your claims history (including open claims) when we calculate your renewal premium.
How much should I be paying for car insurance?
Car insurance premiums vary based on many factors So, there’s no specific figure to aim for. However, understanding what your policy covers and what you have control over can help you ensure that the premium and coverage you’re paying for is right for you.
Frequently asked questions
In short; yes it does. When you get a quote for an AAMI car insurance policy, we need to ask questions about your driving history. This information, along with other data, helps us work out your premium and your excess. Having previous driving convictions or charges against you doesn't necessarily mean we won't cover you, but it can depend on the severity and how recent the events were.
Driver History Excess
A drivers history excess applies if a listed driver involved in an accident has had their licence cancelled, suspended, disqualified or restricted in the 3 year's prior to the start of the period of insurance.
Understanding the different types of excess is important, because if you're involved in an accident this will be your out-of-pocket expense.
Safe Driver Rewards
There can be cost benefits in keeping a safe driving record as an AAMI Comprehensive Car Insurance policy holder. Over time, you may receive up to 15% credit off your premium, and up to 25% off your Roadside Assist.* These benefits may apply to anyone with Comprehensive Car Insurance who keeps a safe driving record (i.e. makes no claims where they or a driver of their car is at fault) for a set number of years. This is regardless of their prior history before starting their Comprehensive Car Insurance policy with AAMI. Terms and conditions do apply, so for more information on how it works check out the Safe Driver Rewards page.
* Safe Driver Rewards is a percentage of last year's Comprehensive Car Insurance premium (before any Safe Driver Reward credit), and is applied as a credit to next year's premium. Maximum 15% discount is for drivers who don't make a claim on their Comprehensive Car Insurance policy that impacts their Safe Driver Rewards status for 10 years+.
I'm sorry you're thinking of cancelling! You can cancel your car (excl. CTP or MAI), home or landlord insurance via the AAMI virtual assistant. It's easy to get started, cancel your policy.
For all other policies, contact us to talk to one of our specialists about cancelling.
Disclaimer
Insurance issued by AAI Limited ABN 48 005 297 807 trading as AAMI. Limits, conditions and exclusions apply. Read the Product Disclosure Statement before buying this insurance. Target Market Determination also available. This advice has been prepared without taking into account your particular objectives, financial situations or needs, so you should consider whether it is appropriate for you before acting on it.