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Car Insurance health check: Are you getting the right deal for you?


No one wants to pay more than they have to for car insurance, but it’s important to have a policy that’ll ensure your costs are taken care of if the unexpected happens.

If you take the time to get to know your policy, and ensure that you know what you’re covered for, you can strike the balance between affordable cover and cover that’s right for you. It’s your policy, so take control!

A few things you can check

There are a few simple things you can review to make sure your AAMI Car Insurance costs are what they should be.  And if you do want to make some changes, you can do it quickly and easily via My Account.

Log in to My Account

Your excess

With AAMI Flexi-Premiums®, you can choose to lower your premium by increasing your excess This’ll mean that, if there is an insured event for which you’re liable to pay an excess, you’ll be up for more out-of-pocket costs. Whether that trade-off is worth it is totally up to you, but it’s worth considering.

Payment frequency

If you pay your premiums annually, you’ll pay a little less than if you pay monthly.

Your address

If you’ve moved house, even temporarily, your policy should reflect that.​
Insurance premiums can vary between areas, and if an incident occurs but your address details are incorrect it could potentially lead us to reduce or refuse to pay a claim.​

Amount covered

You should check that you’re happy with the car’s amount covered. That’s the maximum amount that we’ll pay to repair or replace your car if there’s an incident, and should represent what it would cost to replace. Deductions may apply on a total loss settlement. A lower amount covered can mean a lower premium (and, of course, the inverse is also true). Feel free to consult a few websites to estimate your car’s value, and if you think that the amount listed is too high or too low, you can adjust it My Account or call us to discuss.

Market Value

You can choose to insure your car for market value rather than a specific amount, if we agree. This option may reduce your premium. Except for the terms of this optional cover, the cover provided by your policy otherwise remains the same.

Note: If you select this optional cover, it cannot be removed from the policy during the period of insurance. Limit If this option is shown on your certificate of insurance, your amount covered is the market value of your car at the time of the incident.

Your car’s details

Obviously, if you’ve bought a new car and sold or traded your old one, you’ll want to update the car’s details on your policy. You’ll also want to make sure that,  if you’ve added any accessories or modifications to your car that could affect its value, they’re reflected in your amount covered. Doing so means that you’re less likely to face out-of-pocket costs to replace them if there’s an incident.


If you’ve paid off your car loan since your last renewal, you should ensure your policy doesn’t still say ‘under finance’. It may help in securing a lower premium.

Kilometres driven

You may drive a lot more, or a lot less, than you did at your last renewal. This can happen if you’ve moved house, or started a new job. For example, if you used to drive to work every day and now you take public transport, your estimate of how much you’ll use your car could be significantly less. If so, you may be able to save a few bucks on your premium. And as a bonus, you’ll have all that time on the train to catch up on your reading!

Listed drivers

You should always ensure that any drivers who are going to use your car on a regular basis are listed on your policy. And if adding a listed driver results in your premium decreasing, you may get a refund of your premium for the remainder of the term!

Of course, adding a driver may cause your premium to increase, but doing so will reduce your risk of extra out-of-pocket expenses should you need to make a claim relating to an unlisted driver (which can incur an additional excess).

If someone used to use your car regularly but doesn’t anymore – say, if your son or daughter used to drive your car but has since bought their own – having them on your policy as a ‘listed driver’ could be contributing to your premium costs. It’s important to add drivers as necessary, but it can also be beneficial to remove them, if you’re confident that they won’t be regularly using your car anymore.

Listed drivers, along with the other details mentioned above, can easily be updated via My Account.

Other ways to save

If you’ve gotten your policy and premiums just right but you’re still looking for ways to save, we can help. Since AAMI is part of the Suncorp Network, our customers (that’s you!) enjoy access to Suncorp Benefits. This means you’ll be able to access discounted eGift Cards for things like petrol, groceries, movies and more, all via the AAMI App.

Learn more about Suncorp Benefits


Read more:

Insurance is issued by AAI Limited ABN 48 005 297 807 trading as AAMI. Read the Product Disclosure Statement before buying this insurance. The Target Market Determination is also available.
The Reward and Recognition program ("Suncorp Benefits") is being operated by Loyalty Corp Australia Services Pty Ltd ABN 39 615 958 873.