Ways to save on GIO Platinum and Comprehensive Car Insurance

TAKE CONTROL OF YOUR POLICY

A few things you can change

Finance

If your car was under finance when you took out your policy, but you’ve since paid it off, log in and ensure that’s reflected. It will result in a reduced premium.

Sum insured

Amount covered

Your car’s “amount covered” is the maximum amount we’ll pay for loss or damage in the event of a successful claim, less any excess and deductions that apply. The amount covered includes the value of accessories and modification. It includes or excludes GST depending on your Input Tax Credit.

You can select the amount for which your car is covered within a certain range on GIO Platinum and Comprehensive Car Insurance policies. A lower sum insured amount results in a lower premium. Lowering your premium may mean you won’t have sufficient coverage to replace your car with the same model and condition in the event of a total loss claim, so consider what’s right for you.

Kilometres driven

If you're driving less on average throughout the year, update your kilometres per year. Doing so may reduce your premium.

Your excess

Lower your premium

You can choose to lower your premium by increasing your excess. This will mean that, while your monthly or yearly premium is cheaper, you’ll face more out-of-pocket costs if you make a claim where you’re liable to pay an excess. Whether that trade-off is worth it is up to you.

Eligible policies

Eligible policies include Comprehensive Car Insurance and Platinum Car Insurance.

You can choose to lower your premium by increasing your excess on eligible policies. So, your premium will be cheaper, but you’ll face higher out-of-pocket costs in the event of a claim.

Payment frequency

If you pay your premiums annually, you’ll pay less than if you were to pay in monthly instalments for the same period.

A few things you can check

Your car's details

Make sure your details are always up to date. If you’ve bought a new car, log in and let us know within 14 days. You may be entitled to a refund if your new car costs less to insure than the one you replaced.

Your address

Your location affects your premium, based on that location’s level of risk, so if you've moved, updating your address could result in your payments being adjusted.

Listed drivers

Listed drivers

Anyone who’s going to drive your car on a regular basis should be listed on your policy. This includes anyone who is likely to drive your car more than once throughout your policy period except learner drivers, who don't need to be listed. This can, depending on the driver, affect your premium price. If a listed driver no longer uses your car regularly – for example, if you listed your child because they used to borrow your car but they’ve since gotten their own – you may want to remove them from your policy. Having other drivers listed unnecessarily may mean you’re paying more than you need to.

Anybody who drives your car regularly should be listed on your policy. If a listed driver no longer uses your car, remove them. Having drivers listed unnecessarily may mean that you’re paying more than you need to.

  

How much should I be paying for car insurance?

Car insurance premiums vary based on things like where your vehicle is kept overnight, your vehicle, and the type and amount of coverage you choose. So there’s no specific amount you should expect to pay. However, understanding what your policy covers and what you can customise can help you ensure your premium and coverage is right for you. To find out more, please read the PDS and Additional Information Guide.

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10% multi-policy discount*^

You'll be eligible for a 10% multi-policy discount if you hold three or more eligible policies with us. These include Home Building, Contents, Landlord, Car, Motorcycle, Caravan or Boat Insurance. A GIO NSW CTP Insurance policy or GIO ACT MAI Insurance policy will count as an eligible policy, but the premium for these policies cannot be discounted. View T&Cs

Multi-Policy Discount

10% family discount*

If you’re younger than 25, and your parents are comprehensively insured with GIO, you can receive a 10% discount off your own GIO Platinum or Comprehensive Car Insurance policy.

$50 NSW CTP Green Slip discount*

When you combine GIO Platinum or GIO Comprehensive Car Insurance with a GIO NSW CTP Green Slip on the same car, with the same registration, you may be eligible for a $50 discount on your next GIO Platinum or GIO Comprehensive premium.

Save 10% First Year Online Discount*

Get 10% Off Your First Year When You Buy Online!*

Claims free savings

For every year that you don't make an excess payable claim, we'll give you a credit on next year's premium for that car. The longer you keep your policy with us, the greater the credit – from 5% after one year up to 20% after 15 years+ of continuous GIO Platinum or Comprehensive Car Insurance.

Increase your excess

You’re in control of how much you pay or save when you buy or renew your insurance premium. With a range of excess options to choose from, the more you increase your excess the lower your premium will be.

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Manage your insurance in a touch

The new GIO App lets you manage your supported insurance policies from your phone anytime and anywhere.

Get started now!

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Mobile phone

 

24/7 claims#

You can lodge your car or home insurance claim at any time, either online or over the phone.

#24/7 claims and flexible cover: This does not apply to CTP or MAI Insurance products.

 

Flexible cover#

Choose the level of cover you need and pay your premium annually or monthly.

 

A trusted partner

Be confident with our innovative repair network and stress-free claims lodgement.

 

More rewards

Enjoy credits and discounts such as claims free savings on Comprehensive car policies and multi-policy discounts.

Important Information

GIO's online services are not available, or not fully available, for all GIO branded products, policy types or claim types. See GIO's Online Terms for further information.
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. 

*If you’re eligible for more than one discount, we apply them in a pre-set order to the discounted premium, before government taxes and charges.
^Discount not applicable to GIO Roadside Assist, GIO Home Assist, Excess-free Glass or Domestic Workers Compensation optional covers.

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Amount covered

Your car’s “amount covered” is the maximum amount we’ll pay for loss or damage in the event of a successful claim, less any excess and deductions that apply. The amount covered includes the value of accessories and modification. It includes or excludes GST depending on your Input Tax Credit.

Lower your premium

You can choose to lower your premium by increasing your excess. This will mean that, while your monthly or yearly premium is cheaper, you’ll face more out-of-pocket costs if you make a claim where you’re liable to pay an excess. Whether that trade-off is worth it is up to you.

Eligible policies

Eligible policies include Comprehensive Car Insurance and Platinum Car Insurance.

Listed drivers

Anyone who’s going to drive your car on a regular basis should be listed on your policy. This includes anyone who is likely to drive your car more than once throughout your policy period except learner drivers, who don't need to be listed. This can, depending on the driver, affect your premium price. If a listed driver no longer uses your car regularly – for example, if you listed your child because they used to borrow your car but they’ve since gotten their own – you may want to remove them from your policy. Having other drivers listed unnecessarily may mean you’re paying more than you need to.