Virgin Car Insurance

Virgin is a well-known company offering Australians a choice of car insurance through its Virgin Money brand. Read our review to learn more about its products! 

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, updated on February 16th, 2024       

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Virgin Money, part of the global Virgin brand, is a financial services provider that has been offering Australians a variety of loan, credit card and insurance options since 2003. Underwritten by Auto & General, it has a range of car insurance plans to choose from.

We’ve broken down these products in our review so you can understand what Virgin Money’s car insurance options are. Find out what is and isn’t covered and the optional extras you can add today!

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

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

Virgin Money logo

What car insurance policies are available through Virgin Money?

Virgin Money offers the following types of car insurance to Australian drivers:

Comprehensive Car Insurance

Comprehensive coverage has the most extensive list of inclusions of the different types of car insurance. Virgin Money offers two tiers of comprehensive coverage: Price Saver and Price Promise. Both offer the following inclusions:

  • Protection against accidents, theft, break-in, fire and vandalism
  • Hire car following theft, up to $1,000 for 14 days
  • Hire car following a no-fault accident
  • Lifetime guarantee on authorised repairs
  • No-claim discount protected when a third party is identified and at fault
  • Replacement car keys or remote after theft, up to $1,000
  • Legal liability up to $20 million

However, there are variations between the two:

Price Saver Comprehensive

  • 15% discount on first year's premium when purchased online
  • New car replacement up to 24 months or 40,000km
  • Emergency accommodation and transport up to $200 per day, up to $1,000
  • Personal effects up to $500 (includes theft and forced entry) – additional $500 for child seats/capsules
  • Up to $1,000 caravan and trailer cover
  • Debris removal up to $500
  • Death benefit up to $5,000

Price Promise Comprehensive

  • Second-year price promise (no 15% first-year discount)
  • New car replacement up to 12 months or 20,000km
  • Emergency accommodation and transport up to $150 per day, up to $600
  • Personal effects up to $250 (excludes theft and forced entry)
  • Up to $500 trailer cover (caravans not covered)
  • Debris removal
  • No death benefit
Third Party, Fire & Theft Insurance

This type of cover is a step down from comprehensive car insurance, covering damage sustained due to theft and fire, as well as damage to other vehicles and property, but not your own vehicle. Virgin Money’s policy offers the following inclusions:

  • Cover against someone else’s property, as well as fire and theft of your vehicle
  • Hire car following theft, up to $1,000 for a maximum of 14 days
  • Lifetime guarantee on authorised repairs
  • Damage caused by an uninsured driver, up to $5,000 including recovery, towing and storage costs
  • Up to $500 for debris removal
  • Up to $5,000 death benefit
  • Legal liability up to $20 million
Third Party Property Insurance

The most basic form of optional car insurance in Australia, third party property cover is designed to cover damage caused to other people’s property, rather than to your own vehicle. Virgin Money’s policy offers the following inclusions:

  • Legal liability up to $20 million
  • Damage to your vehicle caused by an uninsured driver, up to $5,000 including recovery, towing and storage
  • Debris removal up to $500
  • Death benefit up to $5,000
  • Lifetime guarantee on authorised repairs

Are there any optional extras available through Virgin Money?

Yes – Virgin Money offers a number of optional extras on its car insurance. All levels of cover are eligible for:

Virgin Money’s Comprehensive plans also offer the following optional extras:

  • Choice between agreed or market value cover
  • No-claim discount protection
  • Windscreen excess reduction
  • Hire car after an accident
  • Choice of repairer
  • Variable excess

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

  • Range of optional extras: a wide choice of optional extras are available on Virgin Money’s Comprehensive policies.
  • Roadside assistance: there is the option to add roadside assistance to your policy for all levels of cover.
  • Death benefit: this is included as standard on Virgin Money’s third-party policies and Price Saver Comprehensive plan.
  • Limited personal effects cover: the maximum cover for personal effects on Virgin Money’s Price Saver Comprehensive policy is $500, as of July 2023.
  • Limited trailer and caravan cover: caravans are only covered under Price Saver Comprehensive policies and trailers are only covered up to $500 on Price Promise Comprehensive policies.

Common questions about Virgin Money car insurance

How can I reduce my Virgin Money car insurance premiums?

There are a few ways to save on your car insurance policy:

  • Buy online: new customers get a 15% discount on their first year’s premium
  • Opt for a higher excess: if you raise your excess, you can lower your premium
  • Restrict drivers: you can save money if you only allow drivers over a certain age to drive your car
How do I make a car insurance claim with Virgin Money?

If you need to make a claim, you can do this in two ways:

  • Online, via the Virgin Insurance Hub
  • Calling Virgin Money’s Claims Team

 

Both are available 24/7.

What does Virgin Money’s roadside assistance service cover?

Virgin Money’s roadside assistance cover provides support for unlimited callouts for one year if your car:

  • Breaks down and needs towing
  • Has a flat battery
  • Runs out of fuel
  • Has a flat tyre
  • Is missing its keys
In which states does Virgin Money operate?

You can purchase a Virgin Money 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.