INSURING YOUR CAR

Why you should review your car insurance policy before the Christmas rush

18 November 2019

Maybe you’re planning a family road trip over the Christmas break and you need roadside assistance , or you’d just prefer to know you’re covered for a shopping centre prang. Reviewing your car insurance needs before the holiday rush can be a useful habit to get into. Not only will you make sure you’ve got the coverage you need, you may even be able to save a little cash in the process.

You may be on the road more

Over the Christmas holidays, traffic usually ramps up. Whether travelling interstate to visit family or venturing somewhere a little closer to home, Australians are likely to drive longer distances on roads they’re less familiar with at this time of year. This can mean an increased risk of accidents.

You’ll make sure you’re covered

Reviewing your car insurance annually will help you avoid being underinsured. Underinsurance happens when you don’t have enough insurance to cover your car and property, or the property of others, in the event of an accident. By keeping your insurer in the know about a change in address or whether you’ve made any modifications to your vehicle, you’re more likely to have the right car insurance for your needs.  

4 things to check at renewal time

1. Listed drivers

Depending on their age and a few other factors, listing additional drivers on your car insurance policy can increase your premium. If a listed driver no longer uses your car, you could be paying more for it than you need to.

And while it’s important to check whether someone has stopped driving your car, it’s also important to add new drivers. If your resident P-plater uses your car and isn’t listed as a driver, you could be in for a hefty excess if they’re involved in an accident.

2. Your address

There are many factors that influence your car insurance premium—and location is definitely one of them. Insurers use historical data about accidents and theft in your area to inform it. If you’ve changed your address in the last year, it’s important to let your insurer know to make sure your cover is still valid.

3. How far you’ve driven this year

The distance that you expect to drive in a year impacts your premium. If you’ve reduced the number of kilometres you drive on average, and you expect this number to remain low in the coming year—maybe because you’ve started taking the tram to work—updating this information with your insurer could lower your payments. Who knows, perhaps this’ll be the extra motivation you need to bike or walk to work, too!

4. Your excess

If you choose to set a higher excess on your policy, you’ll be able to lower your premium. GIO has a range of excess options to choose from, so it’s up to you how much you pay or save when you renew your policy. If you increase your excess, remember that you’ll have to pay a little more if you ever need to make a claim.

Finding the right level of car insurance for you

GIO offers four levels of cover so you can choose a policy that’s right for you. Third Party Property Damage is our basic level and will cover you for damage caused to another person’s car or property (you can even choose to add cover for fire and theft). Comprehensive Car Insurance comes next and will cover both your car and property, and someone else’s. But if you feel like you might need a little extra cover, Platinum Comprehensive Car Insurance could be right for you. It includes everything that Comprehensive Car Insurance does, plus a few extras.

Explore Car Insurance with GIO


Getting into the habit of reviewing your car insurance policy before each festive season can ensure you have enough cover—and that you’re not paying too much for your policy. If you’re a GIO customer, it’s easy to renew or make changes to your policy by logging in to GIO Online Services. What’s more, GIO is a part of the Suncorp Network, which means you may be eligible to access Suncorp Benefits. You’ll enjoy discounts of up to 15% from over 100 retailers like Supercheap Auto and Woolworths. Simply download the Suncorp App today.


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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.

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