Budget Direct vs AAMI Car Insurance 

Budget Direct vs AAMI: Which car insurer is right for you?

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Both Budget Direct and AAMI are among Australia's most trusted car insurance providers, but who comes out on top? Check out our side-by-side comparison to find out which car insurer is the right fit for you.

What's the difference between Budget Direct and AAMI car insurance?

To help you make a decision, check out how each insurer compares with one another when looking at these important factors:

  • Policy options. AAMI offer Third Party Fire and Theft as as an optional extra on top of a Third Party Property policy whereas Budget Direct has one separate policy.
  • Features. Both insurers offer similar features with their comprehensive policies, such as emergency travel and accommodation costs, personal property and new car replacement. Roadside assistance is optional for both. Overall though, AAMI has higher benefit limits.
Budget direct logo

Budget Direct

AAMI logo


About the providerBudget Direct has been offering insurance since 2000. They've insured over 3 million Australians since then. They've won several awards, and even took out the 2021 Finder Award for Best Car Insurance Brand.AAMI is part of the Suncorp Network. They claim that this will give you "access to our trusted partner network for claims", and that "you can access simple, great value Suncorp banking products to help you spend and save better".
UnderwriterAuto & General Insurance Company LimitedAAI Limited
State servedAustralia wideAustralia wide
Products availableComprehensive, Third Party Property, Fire and Theft, Third Party Property OnlyComprehensive and Third Party Property Damage (Fire and Theft optional add on)
Damage to car
Theft or attempted theft
Hire car after theft
Reasonable costs - Up to 21 days
Emergency repairs$200/day $1,000
Emergency travel and accommodation costs$200/day $250 travel cost

$1,000 accommodation

New car replacement
Personal property$500 $1,000
Grocery replacement cover
Locks and keys replacement$1,000
Trailer and caravan cover$1,000$1,000
Roadside assistanceOptionalOptional
No claim discount
Pay in full discount
Get quoteMore info

*Always check the PDS on the provider page before making a decision.

Who offers higher coverage?

AAMI generally has higher benefit limits than Budget Direct. For example, they cover up to $1,000 for emergency repairs whereas Budget Direct cover you for up to $500. They also come out on top for emergency travel and accommodation, with up to $1,000 cover compared to Budget Direct with $850. It's the same with personal property. AAMI have a $1,000 limit whereas Budget Direct only offer $500. If you want all these benefits, then AAMI are probably the best insurer for you.

What companies does each underwriter work with?

AAMI is part of the Suncorp Network, which consists of brands like AAMI, Suncorp, GIO, Apia, Shannons and Bingle. Their car insurance is underwritten by AAI Limited, a joint initiative of the Suncorp Group and Good Shepherd Microfinance.

Budget Direct are underwritten Auto & General Insurance Company Limited which is part of the international BHL group. Auto & General has specialised in the sale, management and underwriting of insurance products in Australia since 2000. They provide insurance for brands including Budget Direct, Australia Post, Virgin Money, 1st for Women, Ozicare and ING.

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