How to pick the right car insurance 

When it comes to choosing car insurance, many of us focus mainly on the price. But choosing the right car insurance isn’t as simple as choosing the cheapest option. Value for money is what you should aim for — and what represents good value for you depends on your circumstances.

Don’t forget CTP

CTP Insurance — also known in NSW as a Green Slip — covers you for injuries to other people caused by your vehicle in an accident. CTP is compulsory everywhere in Australia, though in some states it’s bundled with your registration and doesn’t need to be purchased separately.

If you’re in NSW, you can sort it out and get your car registered quickly with GIO’s CTP Insurance.

If you’re in the ACT, read more about our MAI Insurance. MAI is similar to CTP, but it covers injuries to the responsible driver as well as third parties.

Covering injuries with CTP or MAI is important, but you should also consider car insurance that covers vehicle and property damage. All levels of GIO Car Insurance cover your liability for damage to other people’s property and damage caused to your car by uninsured drivers.

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Which car insurance should I choose?

There are a few factors to consider.

Car type

If you own a new or expensive car, you’ll probably want to ensure it’s covered — and that you won’t need to pay completely out-of-pocket if something happens.

GIO’s Comprehensive Car Insurance offers new car replacement if your car is stolen or written off within the first two years of its registration date.

Our Platinum Cover offers the same, but for a lifetime[1], not just two years — as long as you’re the first registered owner of a new car.

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If you own an older or less expensive car, GIO Third Party Car Insurance might make more sense. Third Party won’t cover damage to your own car in most scenarios, but it’s usually cheaper than Comprehensive.

Is Roadside Assistance important to you?

If you have a Comprehensive or Platinum Car Insurance policy, you can add Roadside Assist as an optional cover. This can help with things like:

  • lost or locked-in keys,
  • running out of petrol,
  • emergency towing,
  • and more.

For less than $95 a year (and no joining fee), you’ll be covered 24/7, Australia-wide.

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Your lifestyle

If you rely on your car, you wouldn’t want an accident to affect your ability to earn an income or get where you need to go. Comprehensive or Platinum can help, especially if you don’t have a large chunk of savings to buy a new car immediately.

Do you live in a storm or hail-prone area? 

If you live in a storm-prone area, you should make sure you’re properly insured. Even if you live in a city that experiences the occasional hailstorm, it pays to get insurance that covers that.

GIO Platinum Car Insurance automatically covers windscreens, window glass and sunroofs. If only these glass sections of your car are damaged, you won’t need to pay an excess for your first glass claim that year.

Do you owe money on your car?

If you’ve financed your car and still have loan repayments, your contract may require you to have Comprehensive Car Insurance

Even if your contract doesn’t have this condition, a comprehensive policy may be the safer option. You don’t want to be stuck with loan repayments and the added financial consequences of a crash.


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Insurance issued by AAI Limited ABN 48 005 297 807 trading as GIO. Consider the Product Disclosure Statement before buying this insurance.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.

1 If your car is stolen or damaged in an incident and we decide your car is a total loss, we’ll replace it with a brand new car of the same make and model (or similar make and model if the same isn’t available), or pay you what it would have cost us to replace your car, no matter how old it gets, provided you’re the first registered owner of the car and it’s been insured continuously under our GIO Platinum cover from within 13 months of it first being purchased. See the PDS for full details.