*iSelect does not compare all car insurers or policies in the market and not all policies or special offers are available at all times, through all channels or in all areas. Not all policies available from our providers are compared by iSelect and due to commercial arrangements and customer circumstances, not all policies compared by iSelect are available to all customers. Learn more.
Virgin Money — part of the worldwide Virgin Group of brands — offers Aussies a range of Car Insurance options. They also offer the following features as part of their cover:
As well as being proudly part of the global Virgin brand and network, Virgin Money is 100% owned by the Bank of Queensland (BOQ) Group.5 Virgin Car Insurance is backed by a long-standing partnership with Auto & General,6 who insure millions of Aussies.
This insurance can help foot the bill if you crash into someone else’s car and need to pay for their repairs. It’ll also cover you for damage to their property—whether it’s a house, a boat or their trailer.7 But keep in mind, it won’t cover repairs to your own car.
This insurance gives you all the same cover as the Third Party Property policy, but also covers your car if it’s stolen, damaged by thieves or wrecked by fire. You’ll also get up to $1,000 for a hire car if your own vehicle gets stolen, though Virgin Money limits how long they’ll pay for this at 14 days.8
Virgin Car Insurance Comprehensive Cover is called Price Saver Comprehensive and includes all the same benefits as a Third Party Fire and Theft policy, but also looks after the repair costs of your own car if it’s damaged in a car accident, or by floods, storms or hail.9
Virgin Car Insurance Price Saver Comprehensive gives you everything you can expect from Comprehensive Car Insurance, plus a replacement car if your old vehicle is ‘written-off’ in an accident, emergency accommodation and transport, and cover for your personal effects (limits apply).10
There are several ways you can customise your Virgin Car Insurance to better suit your situation.
Restricted Driver Discount and Roadside Assist are available on any of the Virgin Car Insurance products:
In addition, there are a few forms of optional cover that you can add on to any Comprehensive Insurance policy to maximise your cover. However, keep in mind that including them may increase your premium:
As with most insurers, you will need to pay an excess on your policy when you make certain claims. This isn’t the case if you’re involved in a ‘no fault’ accident—one where the blame lies entirely with another driver or person, and where Virgin Money is able to obtain their personal details.17
In most other situations, you’ll be required to pay an excess. Depending on the circumstances of the incident, you might just be required to pay a basic excess, or you might be required to pay one (or several!) additional excesses:
This is the standard excess you’ll be asked to pay. You might also have the option to choose a higher basic excess, which can lower your premium.18
Unlisted Driver Excess
If you make a claim for loss or damage, and the person who was driving your car at the time wasn’t listed on your policy, you will need to pay this additional excess.19
Young Driver Excess
This excess applies if the driver of your car (including you!) is under 25 years old when you make a claim for loss or damage.20
Inexperienced Driver Excess
This excess applies if the driver of your car hasn’t held a full Australian licence for at least 2 years.21
Claiming with any Virgin Car Insurance product is simple. There are two ways to make a claim:
Being in a collision can be a stressful experience. Most people get a bit dazed in the moments following an incident and have trouble recalling what happened. As such, Virgin Car Insurance has made making claims even easier by providing you with a ‘Crash Log’.24 Simply pop it in your glove box to have if the occasion ever arises.
Paying with Virgin Car Insurance is a breeze. You can choose to spread your payments throughout the year by paying month to month or in bulk once a year. To make it easier for customers to pay on time, Virgin Car Insurance also offers a range of payment options. You can pay via:
If you want to check out how much the different Virgin Car Insurance policies might cost you or want to weigh up their premiums against other insurers, then iSelect can help. You can compare policies from a range of providers* using our online comparison tool. Or give us a call on 13 19 20 if you fancy a chat with our friendly team.
1 Virgin Money – About Us
2 Virgin Money – Car Insurance
3 Virgin Money – Manage your policy
4 Virgin Money – Car Insurance
5 Virgin Money – About Us
6 As above
7 Virgin Money – Third Party Car Insurance
8 As above
9 Virgin Money – Compare Car Insurance
10 As above
11 ImageBB - Virgin Money Car Insurance Quote (Screen Capture)
12 Virgin Money - Third Party Car Insurance
13 Virgin Money - Premium, Excess and Discount Guide (Page 6)
14 Virgin Money - Price Saver PDS (Page 24)
15 As above (Page 34)
16 Virgin Money - Premium, Excess and Discount Guide (Page 4)
17 Virgin Money - Price Saver PDS (Page 3, 22)
18 Virgin Money - Premium, Excess and Discount Guide (Page 6)
19 As above (Page 7)
20 As above (Page 7)
21 As above (Page 7)
22 Virgin Money - Virgin Car Insurance | Making a Claim
23 As above
24 As above
25 Virgin Money - FAQs | Virgin Car Insurance