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AAMI Car Insurance

AAMI is one of Australia's leading insurers, with car insurance being among their most popular products. Read our review to learn more about their services!

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, updated on February 16th, 2024       

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AAMI is one of Australia's biggest insurance companies, having been formed in 1970 and taken over as a subsidiary of Suncorp Group in 2007. It offers a range of insurance products from car to motorcycle, caravan, home and contents, business, health and life insurance. Today, they have over 2.5 million policyholders (as of the time of writing).

In our review, we explain the car insurance options offered by AAMI so you can understand their products. Learn more about their coverage and the range of optional extras available today!

Disclaimer: all coverage offered by AAMI is subject to the terms and conditions of your policy. Limits and exclusions apply. Please refer to your Product Disclosure Statement (PDS) or contact AAMI if you’re unsure about what is and isn’t covered.

Please note that Savvy does not represent AAMI for its car insurance products. All listed policies, inclusions and limits are correct as of June 2023.

AAMI Car Insurance

What car insurance policies are available through AAMI?

AAMI offers the following types of car insurance to Australian drivers:

Comprehensive Car Insurance

Comprehensive car insurance provides the widest range of coverage options. This can extend to damage sustained in an accident, even if you’re at fault, and due to certain weather-related events. AAMI's Comprehensive Car Insurance policy includes the following features and benefits:

  • Accidental loss or damage to your car due to a collision, whether you’re at fault or not, impact or weather, such as storm, hail and flood
  • Fire damage to your car
  • Theft or attempted theft damage to your car or a payout if it’s stolen and not recovered
  • Liability for damage to other people’s property caused by your car up to $20 million
  • Transport costs from the scene of the incident if your car isn’t driveable or to and from your repairer or hire car provider (up to $250)
  • Reasonable cost of towing and storing your vehicle if it’s deemed unsafe to drive after an accident or stolen
  • New car replacement in the event of a write-off of your new or demo model (up to two years after your registration)
  • Reasonable cost of a rental car following the theft of your vehicle for up to 21 days
  • Reasonable cost of a rental car following a not-at-fault accident until your car is repaired or your claim is paid
  • Reasonable cost of emergency repairs made to ensure your car is roadworthy (up to $1,000)
  • Emergency accommodation if your vehicle is undriveable after damage if you’re more than 100km from home (up to $1,000)
  • Accidental loss or damage to your personal effects in the car when the incident took place (up to $1,000, or a separate $500 for child seats or baby capsules)
  • Accidental loss or damage to your trailer when either attached to your car or separates from your car and runs out of control
  • Cover for damage caused to third party property in a substitute car
  • Cover for all legal accessories and modifications to your vehicle
  • Lifetime repair guarantee
Third Party Car Insurance

Rather than offering third party property damage and third party fire and theft as separate base products, AAMI offers Third Party Car Insurance. This enables you to add fire and theft cover if you choose to. AAMI’s base Third Party Car Insurance offers the following inclusions:

  • Liability for damage to other people’s property caused by your car up to $20 million
  • Cover for damage caused to third party property in a substitute car
  • Damage to your vehicle caused by an uninsured motorist (up to $5,000)
  • Reasonable cost of towing and storing your vehicle if it’s deemed unsafe to drive after damage caused by an uninsured driver
  • Lifetime repair guarantee

By adding further Fire & Theft Cover, you can also receive cover for the following:

  • Fire damage to your car
  • Theft or attempted theft damage to your car or a payout of up to $10,000 if it’s stolen and not recovered
  • Reasonable cost of a rental car following the theft of your vehicle for up to 21 days
  • Accidental loss or damage to your personal effects in the car when the incident took place (up to $500)
  • Reasonable cost of towing and storing your vehicle if it’s deemed unsafe to drive after damage caused by fire or theft
Compulsory Third Party Insurance

CTP insurance (or Green Slip insurance in NSW) is mandatory in all states and territories in Australia. However, while some state governments offer this as part of vehicle registration, others have a list of approved insurers from which you can buy cover. In the case of AAMI, you can buy CTP insurance if you’re in NSW, SA or the ACT. Though the cover specifics can vary between states, these policies can include:

  • Cover against compensation claims made by those injured by you in a vehicle accident
  • Cover for pedestrians, passengers and other road users
  • Driver Protection Cover, which is offered for eligible at-fault drivers

Are there any optional extras available through AAMI?

Yes – AAMI offers several optional extras on their Comprehensive Car Insurance policies. These are:

What are some of the pros and cons of buying car insurance through AAMI?

  • Good cover for personal effects: you can claim up to $1,000 for personal effects damaged in, or stolen from, your vehicle, as well as an additional $500 for baby seats.
  • Discounts available online: you can save up to $50 on Comprehensive Car Insurance and $20 on Third Party Car Insurance by purchasing online.
  • Hire car for up to 21 days after theft: while some insurers may only offer this for 14 days, you can receive cover for a rental car after the theft of your vehicle for a maximum of three weeks.
  • No choice of repairer: AAMI doesn’t offer any option to choose your preferred repairer when taking out car insurance with them.
  • Only Comprehensive is claimable online: the only type of car insurance for which you can make a claim online is Comprehensive Car Insurance, meaning you’re more restricted with Third Party cover.

Common questions about AAMI car insurance

Can I pay my premiums annually through AAMI?

Yes – AAMI does give you the option to pay your premiums annually instead of monthly, enabling you to save more on the cost of your policy overall.

Are there any other discounts available through AAMI?

AAMI doesn’t offer any discounts for multi-policyholders or pensioners on their car insurance products. However, if you’re a driver under 25 holding Comprehensive Car Insurance, you can receive a discount of up to 10% by completing their Skilled Driver Course.

How does AAMI’s no-claim discount work?

As of June 2023, AAMI’s no-claim discount program (known as AAMI Safe Driver Rewards) can offer you both a discount on your policy and a credit on your roadside assistance if you go an extended period without making a claim. These are as follows:

  • Two years: 2.5% policy credit
  • Three years: 2.5% policy credit, 5% off roadside assistance
  • Five years: 5% policy credit, 10% off roadside assistance
  • Seven years: 7.5% policy credit, 15% off roadside assistance
  • Ten years or more: 15% policy credit, 25% off roadside assistance
In which states does AAMI operate?

You can purchase an AAMI car insurance policy in any state or territory in Australia.

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Disclaimer:

Savvy (ABN 78 660 493 194, ACR 541 339) provides readers with a variety of car insurance policies to compare. Savvy earns a commission from our partnered insurers each time a customer buys a car insurance policy via our website. All purchases are conducted via our partners’ websites. The integrity of our comparison service is unaffected by our partnerships with those businesses and our effort remains to bring further brands that do not already use our comparison service onboard.

Savvy’s comparison service includes selected products from a panel of trusted insurers and does not compare all products in the market. Any advice presented above or on other pages is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an insurance policy. We always recommend readers to consult the Product Disclosure Statement (PDS) of different policies before purchasing your car insurance.

AAMI Car Insurance

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