Finder’s car insurance methodology
How we calculated the Finder car insurance awards and rating.
![Image: Supplied Car Insurance](https://www.finder.com.au/finder-au/wp-uploads/2017/12/Cheap_Car_Insurance_Supplied_1800x1000.jpg)
Finder's car insurance awards is a ratings methodology that compares both value and features across 35+ comprehensive car insurance policies. To determine our winners, we got 1,800+ quotes for 39 comprehensive car insurance policies based on 36 different profiles. This methodology has been curated to help drivers find the best car insurance policy for their needs without having to sift through all the jargon.
The criteria for Finder's car insurance awards was determined by our insights team and car insurance experts. In order to be eligible:
Metrics were scored using either the tiered scores when dealing with categorical data points, or a dynamic scoring when dealing with numeric data. Finder's dynamic scoring means a product's metric is scored in comparison to the data points of all the other competitor products.
Metrics | Scoring method |
---|---|
Agreed or market value | Manual scoring |
Child seat baby capsules | Binary scoring |
Child seat baby capsules details | Manual scoring |
Choice of repairer | Manual scoring |
Emergency transport accommodation | Manual scoring |
Emergency transport accommodation_details | Manual scoring |
Essential emergency repairs | Manual scoring |
Essential emergency repair details | Manual scoring |
Fire and theft | Manual scoring |
Floodcover | Manual scoring |
Hire car accident | Manual scoring |
Hire car accident details | Manual scoring |
Hire car no fault accident | Manual scoring |
Hire car no fault accident details | Manual scoring |
Hire car theft | Manual scoring |
Hire car theft details | Manual scoring |
Key replacement | Manual scoring |
Key replacement details | Manual scoring |
Legal liability | Manual scoring |
Lifetime guarantee on repairs | Manual scoring |
Newcar replacement | Manual scoring |
Newcar replacement details | Manual scoring |
Personal effects | Manual scoring |
Personal effects details | Manual scoring |
Restricted driver option | Manual scoring |
Restricted driver option details | Manual scoring |
Roadside assistance | Manual scoring |
Storm | Manual scoring |
Towing | Manual scoring |
Reduced excess windscreen | Manual scoring |
Reduced excess windscreen repair | Manual scoring |
Quotes for 20 year olds | Dynamic Scoring |
Quotes for 30 year olds | Dynamic Scoring |
Quotes for 60 year olds | Dynamic Scoring |
Our 36 different driver profiles are formed based on 3 different ages (20, 30 and 60-year-olds), 2 genders (male and female) and 6 states (NSW, QLD, VIC, SA, TAS, WA). The car used in each quote was a 2019 Toyota Corolla Ascent 4 Door Sedan. We selected an approximate $700-$900 excess for each policy.
We didn't include quotes for NT and ACT because the sample size was too small.
The award score is designed to make it easier for you to compare insurance policies side-by-side. It's based on the same information we gather as part of the Finder Awards. The final award score is calculated by multiplying the score for each metric by the weight percentage and summing the weighted scores:
The 2024 Finder Score is based on a combination of price and features. Features account for 50% of the score, price accounts for 50%. See the breakdown below.
Benefit | Finder score |
---|---|
Loss or damage | 9% |
Storm damage | 2.25% |
Flood cover | 2.25% |
Legal liability | 2.25% |
Windscreen damage | 2.25% |
Repairs & assistance | 15% |
Choice of repairer | 2.25% |
Lifetime guarantee on repairs | 2.25% |
Essential emergency repairs | 2.25% |
Towing | 2.25% |
Roadside assistance | 6.00% |
Personal items | 6.75% |
Personal effects | 2.25% |
Key replacement | 2.25% |
Child seat and baby capsules | 2.25% |
Hire car & replacement | 6.75% |
Hire car after theft | 2.25% |
New car replacement | 2.25% |
Hire car after accident | 2.25% |
Other features & benefits | 12.50% |
Agreed or market value | 3.25% |
Emergency transport and accommodation | 2.25% |
Restricted drivers option | 4.00% |
Pay monthly at no extra cost | 3.00% |
Price | 50% |
Average price | 50% |
The Finder customer satisfaction awards recognise Australia's favourite brands across a huge number of categories. We survey thousands of real Australians to understand how they feel about their recent product purchases to help you make a decision about what product to get. It's an independent awards program calculated by our data and insights team. Commercial partnerships do not influence the results in any way.
In total, we gave out awards to 7 different car insurance brands:
Total number of responses for NSW: 1,199
Total number of responses for VIC: 1,339
Total number of responses for QLD: 1,281
Total number of responses for WA: 941
Total number of responses for SA: 1,027
Total number of responses for roadside assistance: 626
The Finder Green Awards aim to identify sustainability leaders across some of our main comparison categories including banking, insurance, superannuation, utilities and travel. We highlight the winners on our review pages and comparison tables to make it easier for you to compare policies and know that you're purchasing a policy with a more sustainable brand.
We use a dynamic scoring system to decide the winner in each of the industry categories of the Finder Green Awards. Rather than awarding a set number of points for certain values, Finder's dynamic scoring system awards points relative to the other submissions by adjusting scores based on the actual range of submitted values for each category. These sources will then be adjusted to reflect the weightings shown as percentages in the tables below:
Eligibility criteria: Company must have offered insurance products to consumers in Australia in the 12 months prior to 31 December 2021.
Current performance: 40%
Environmental targets and reporting: 21%
Climate risk and sustainable investment: 17%
Climate-friendly products: 22%
Our team gathered 228 quotes for third party property damage car insurance and 198 quotes for third party fire and theft car insurance.
We used 3 different age profiles, 1 gender and 5 different states across Australia.
The car model used was a white 2007 Mazda 3 Neo BK Series 2 Auto 5DR hatchback.
A total of 426 quotes were collected from 20 different insurers across 15 different driver profiles.
To get our market list of car insurers in Australia, we looked at products in the Finder database and Find An Insurer, a referral service run by the Insurance Council of Australia (ICA) that provides a list of general car insurance products available in Australia.
We then used ahrefs, a software company that monitors search engine traffic, to see which insurers were the most popular.
We considered it to be a popular car insurer if it had 500 or more monthly searches. This landed us at a list of 30 car insurers.
We then also excluded any specialist car insurance providers and single state providers from our list.
Out of the final list, there were only 3 car insurers we hadn't analysed.
Keep in mind that we haven't assessed every single car insurance provider in the market. We only assessed the most popular car insurance providers in the market.
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