Virgin Car Insurance

Why consider Virgin Car Insurance?  

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: 

• Online Discounts: Virgin Money offers 15% off your first year’s premium if you buy your Car Insurance with them online.
• Easy Management: You can manage your policy online with the Virgin Money Insurance Hub. Available 24/7, you can use this to change your policy details, add additional drivers, select different excess options, monitor your payments and update your payment details.  
• Optional Extras: Virgin Money offers optional cover on certain policies, such as roadside assistance, choice of repairer and restricted driver discounts.

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. Virgin Car Insurance is backed by a long-standing partnership with Auto & General, who insure millions of Aussies.

What Third Party Cover does Virgin Money offer?  

Like most insurers, Virgin Money offers two types of Third Party Car Insurance: Third Party Property and Third Party Fire and Theft Cover.

Third Party Property  

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. But keep in mind, it won’t cover repairs to your own car.   

Third Party Fire and Theft  

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. 

What Comprehensive Car Insurance does Virgin Money offer?  

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.

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). 

How can you tailor your Virgin Car Insurance? 

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:

• Restricted Driver Discount: You can set an age restriction on your policy to lower your premiums, the higher the restriction, the lower the premiums tend to be. However, anyone younger than this age restriction won’t be covered to drive your car. For example, if you’re 35, you can set a 30+ driver age restriction to bring down the cost of your cover, you’d just want to be careful loaning your car to anyone under 30, as your vehicle wouldn’t be covered.
• Roadside Assistance: For an extra cost, you’ll also be able to take advantage of Virgin Money’s roadside assistance program. This provides unlimited call outs and a helping hand no matter the time of day.

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:

• Reduced Window Glass Excess: Instead of having to pay your usual excess amount, this extra will ensure you only pay a $40 excess when you make a claim for broken window glass.
• Choice of Repairer: You’ll be able to choose the mechanic who repairs your car. Without this extra, Virgin Money will usually authorise someone from their repair network to carry out the work.
• Accident Hire Car: If Virgin Money accepts a claim where the accident was your fault, they will help cover the costs of a hire car to help you get around. They will do this for a maximum of 14 days, or until your claim is paid (or your car is repaired).

How do excesses work with Virgin Car Insurance?  

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.

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:  

Basic Excess

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.

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.

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.

Inexperienced Driver Excess

This excess applies if the driver of your car hasn’t held a full Australian licence for at least 2 years.

As always, it’s a good idea to read the Premium, Excess & Discount Guide to get a full understanding of how excesses work. 

How do I make a claim with Virgin Car Insurance?  

Claiming with any Virgin Car Insurance product is simple. There are two ways to make a claim:

1. Online via the Virgin Insurance Hub, available to customers 24 hours a day, 7 days a week.
2. Over the phone via the Virgin Money Insurance claims team, available to customers 24 hours a day, 7 days a week.  

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’. Simply pop it in your glove box to have if the occasion ever arises.  

How do I pay my Virgin Car Insurance premiums?  

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: 

• American Express
• Visa
• Mastercard
• Direct Debit
• Bank Account
• Credit Union
• Building Society Account 

Where can I compare Virgin Car Insurance policies?  

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 car insurance policies from a range of providers using our online comparison tool.

Written by

iSelect Editorial Team

Writer

The iSelect Editorial Team is comprised of a bunch of seasoned writers, editors, industry professionals and data analysts who are dedicated to helping Aussies improve their financial literacy.

Edited by

Laura Crowden

Managing Editor, iSelect

As Managing Editor for iSelect, Laura leads our in-house Editorial Team. When she’s not reviewing website copy, she enjoys reading, running and G&Ts.

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