greenslips.com.au Insurer Ratings

The greenslips.com.au Insurer Ratings are allocated on the basis of greenslip price and on the basis of non price feaures.

Separate price ratings are allocated for Motorcars and for Motorbikes.

The features rating is the same for Motorcars and for Motorbikes.

The greenslips.com.au Insurer Ratings show that AAMI has the best rating for Motorcar prices and QBE has the best rating for Motorbike prices. GIO has the best rating for non price features.

Our intention is to update the greenslips.com.au Insurer Ratings several times per year. We will monitor trends and changes in the market and we will update the site with additional analysis.

Actuarial advice has been obtained on the methodology applied to determine the ratings and to audit the data on which the ratings are based. Actuarial advice has been provided by Alea Actuarial Consulting Pty Limited.

Price Ratings

To compile the price ratings, analysis was undertaken on 600 greenslip purchaser and vehicle profiles.

Characteristics for each profile were defined, including by factors such as vehicle type, geographic region, owner and driver age, vehicle age, claims history and driving record.

Vehicles are privately owned, with no entitlement to claim an input tax credit for GST. Trucks are not included.

Price information for each profile was obtained using the MAA price comparison facility. For each of the 600 profiles, the greenslip price for each of the seven insurers was obtained for a greenslip commencing on 1 March 2008.

The price rating is based on analysis of the number of times an insurers price was the cheapest, or the second cheapest, or the third cheapest…and so on, through to the most expensive, across all 600 profiles.

The relative results are shown in the tables below.

The tables show, for each insurer, the relative number of placings on the basis of price across the 600 profiles. For example, the tables show that AAMI was the cheapest for 41.7% of the Motorcar profiles, whereas it was not the cheapest for any of the Motorbike profiles.

	Motorcars Placings on the Basis of Price, Profile by Profile
	Cheapest						Dearest
	1st	2nd	3rd	4th	5th	6th	7th

AAMI	41.7%	21.0%	5.4%	20.8%	6.0%	1.3%	3.8%
Allianz	0.0%	0.2%	7.1%	4.4%	24.4%	37.9%	26.0%
CIC Allianz	7.9%	19.2%	34.6%	9.2%	2.3%	26.0%	0.8%
GIO	0.0%	9.6%	17.7%	6.7%	37.3%	28.8%	0.0%
NRMA	0.0%	0.8%	9.4%	19.8%	7.1%	4.6%	58.3%
QBE	22.9%	28.5%	26.0%	21.7%	0.8%	0.0%	0.0%
Zurich	30.4%	29.6%	5.8%	0.0%	22.3%	0.8%	11.0%

	Motorbikes Placings on the Basis of Price, Profile by Profile
	Cheapest						Dearest
	1st	2nd	3rd	4th	5th	6th	7th

AAMI	0.0%	0.0%	0.0%	37.5%	20.8%	20.8%	20.8%
Allianz	0.0%	12.5%	20.8%	8.3%	15.0%	22.5%	20.8%
CIC Allianz	0.0%	37.5%	41.7%	0.0%	20.8%	0.0%	0.0%
GIO	41.7%	0.0%	0.0%	0.0%	22.5%	35.8%	0.0%
NRMA	0.0%	0.0%	20.8%	0.0%	20.8%	0.0%	58.3%
QBE	41.7%	51.7%	6.7%	0.0%	0.0%	0.0%	0.0%
Zurich	16.7%	20.8%	0.0%	41.7%	0.0%	20.8%	0.0%

Features Rating

The features rating is a reflection of non-price factors which are worthy of consideration, in addition to price.

The features rating is based on factors which are dealt with in detail on this site. Those factors are, at fault driver cover, ease of purchase online, by phone and in person.

To compile the features rating, each insurer was ranked on those factors.

Your Details & Requirements

The greenslips.com.au Insurer Ratings are intended as a guide to price levels and features across a broad range of greenslip purchaser and vehicle profiles. Not every purchaser and vehicle profile is included in the greenslips.com.au Insurer Ratings. Prices do vary from profile to profile. Many characteristics including geographic region, type of vehicle, age of the vehicle owner and driver, vehicle age, driving history and claims history affect greenslip prices and for this reason the greenslips.com.au Insurer Ratings may not be representative of your particular characteristics.

The greenslips.com.au Insurer Ratings are not to be taken as an endorsement of any insurer or product.

If you are purchasing a greenslip, you must:

determine greenslip prices based on your specific details; and
satisfy yourself as to the suitability of the insurer and product,

before you make your purchase.