Like most insurers, Budget Direct Car Insurance offers three types of cover: Comprehensive Car Insurance, Third Party Property Only Insurance, and Third Party Property, Fire and Theft Insurance.
As well as offering good value, quality insurance in general, there are several features that help Budget Direct really stand out.
If you choose to take out a Comprehensive Car Insurance policy, Budget Direct Car Insurance offers you the option to pay an additional premium to customise it to your needs. You can choose one or more from the below options:
As with any Car Insurance, there will be certain exclusions that apply, so it’s worth reading the Product Disclosure Statement to find out the details.
Simply put, a Car Insurance excess is the fixed amount you pay towards a claim before your insurance company pays anything. In some cases, you may have to pay more than one excess: your Basic Excess plus any additional excesses that apply.
Your Basic Excess and the additional excesses will be shown on your Insurance Certificate. You can check exactly what those excesses will be before you take out your policy. If you make a claim, you’ll be told which excesses apply and when and how to pay them. If the accident is deemed a no fault accident, then you may not have to pay any excess.
When you’re taking out a Budget Direct Comprehensive Car Insurance policy, you may be asked if you want to increase or lower the excess on your policy. If you opt for a higher excess this can reduce the premium, or if you choose a lower excess your premium could be higher. It's important to choose the excess you'll be comfortable to pay in the event of a claim.
With Budget Direct Comprehensive Car Insurance, you can normally insure your car for its market value. In certain cases, you can insure your vehicle for an ‘agreed value’.
Market value is the reasonable cost to replace your vehicle with one of the same make, model, age, mileage and overall condition. Your car's market value will be determined by Budget Direct at the time of a claim.
Agreed value, as the name suggests, is the amount that Budget Direct agrees to insure your car for. This is normally only considered if your car is less than 10 years old, has no pre-existing damage, has not been converted to LPG, and the agreed value is within an acceptable range of the market value. The value for which your car is insured will be shown on your Insurance Certificate.
Budget Direct provides award-winning Australian Car Insurance. In fact, Canstar compared 53 comprehensive policies for cost and features, offered by 42 other insurers, and declared Budget Direct its national award winner for Outstanding Value Car Insurance. That makes it 15 years in a row taking out this honour, including 2021, and that’s a record! Budget Direct also picked up Money magazine’s Best of the Best 2021 title for Car Insurance and a MOZO Experts’ Choice 2021 award for Exceptional Value Car Insurance.
Good question! iSelect’s helpful team is available to talk through your options and discuss what Budget Direct might be able to offer. Call today on 13 19 20, or begin our Car Insurance comparison process, and review any eligible Budget Direct policies online.