From September 1, 2019, we've made changes to the way insurance premiums are determined. Find out more about the changes and what to expect when you renew under this new model for the first time.
We've moved to a more driver-based insurance model, and you'll be asked to list who drives your car. There are a few things you need to prepare and think about before you visit your broker to renew.
As of September 1, 2019, when you purchase or renew your insurance you will need:
You'll be asked to list those who drive your car such as household members, employees, learners and others who use your car. If one of the listed drivers causes a crash in your car, the at-fault driver will be held accountable for the crash.
You can add or remove drivers any time and it doesn’t cost anything. Adding drivers won’t necessarily change your premium – it will depend on many factors including the driving experience and crash history of all the listed drivers.
You'll be asked to declare the principal driver – the person who drives the car the most. The majority of the premium (75%) will be based on the principal driver.
A new discount is available for vehicles that are driven less than 5,000 km in a year.
If you think you may qualify for this discount, your broker can record your odometer reading. At your next policy renewal, if the mileage is less than 5,000 km, a 10 per cent discount will apply to your insurance. More information is available on the Discounts and savings page.
Vehicles equipped with factory-installed autonomous emergency braking (AEB) will be eligible for a 10 per cent discount as AEB has been statistically shown to help prevent crashes. More information is available on the Discounts and savings page.
If you've received your renewal reminder, you can get an estimate of your premiums now. Or, try our interactive tool to learn how listing drivers can impact your premiums.
If you've received your renewal reminder, you can log in to our tool and pre-list your drivers now to estimate how much your insurance will cost.
If you’re not due to renew soon but want to learn how listing drivers will impact your premiums, you can use our interactive tool to learn more about the changes.