* Discount applies in first year of insurance only. Minimum premiums apply. Any discounts/entitlements only apply to the extent any minimum premium is not reached. If you are eligible for more than one, we also apply each of them in a predetermined order to the premium (excluding taxes and government charges) as reduced by any prior applied discounts/entitlements. **The Dow Jones Sustainability Index World is a benchmark for many investors focusing on sustainable companies. This Insurance is underwritten by Allianz Australia Insurance Limited (Allianz) AFS Licence No. 234708 ABN 15 000 122 850. Venturian Media Ltd. Company Registration Number - 5718132 acts as an agent for Allianz not as your agent. A Product Disclosure Statement (PDS) for insurance products can be accessed online, for Allianz Car Insurance and Allianz Home Insurance. Any advice here does not take into consideration your objectives, financial situation or needs, which you should consider before acting on our recommendations. You should read and consider the PDS before deciding whether to acquire any product mentioned. We receive commission on these insurance products as a set fee per policy sold. Please contact Venturian Media via the Enquiry Form under About Us for further details.
Motor Insurance, also known as auto or car insurance is insurance purchased by owners of road vehicles such as cars, trucks and motorcycles. The main purpose of buying motor insurance is to provide vehicle owners some level of financial protection against damage which occurs as a result of traffic collisions and any other liabilities that may result from such accidents.
If a traffic accident does occur, having a decent motor insurance policy not only provides protection to the insured person and any passengers travelling in their car, but also anyone travelling in any other car involved in a traffic accident with the insured individual.
Typically the insured individual pays an annual premium to an insurer such as Buzz Car Insurance or Aliianz Insurance in return for such protection and insurance costs can vary between insurers. The extent of coverage also affects the price. Many companies provide discounts for certain criteria, such as safe driving record.
Choice, the consumer group is advising consumers who live in places that are prone to flooding from taking out insurance in an irresponsible manner, whilst at the same time heavily criticizing the industry according to the insurance council.
Recently the advisory group held its annual Shonky Awards, where the group awarded lemon trophies for dubious dodgy and deceitful goods and services. Choice singled out the insurance industry, following this summer’s flooding in Victoria, Queensland and New South Wales.
Shares of Australian insurers that have exposure to Japan are vulnerable to sell offs amid investor fears that reinsurance costs will soar. Australia’s largest insurer QBE Insurance Group also has the biggest exposure to Japan warned on Monday that it expects net claims of US$125 million. Its shares fell by 1 per cent on Monday, whilst rival Insurance Australia Group saw its share price decline by 2.6 per cent, with Suncorp falling 1.3 per cent. Neither IAG nor Suncorp have any exposure to Japan, but their shares still sold off as investors expressed concern that the two companies would be negatively impacted by rising reinsurance costs.
Australian insurance major IAG reaffirming recent guidance given to investors posted a 51 per cent decline in first have net profit.
IAG’s first half profit for the six months ending December 31 fell 51 per cent to $161 million from $329 million during the same time period in the previous year.