GIO car insurance review

GIO offers strong cover at a low price. However, drivers in QLD, SA and TAS will have to look elsewhere.

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Our verdict

Pros

  • GIO's premiums were cheaper than average across all age brackets
  • Young drivers were quoted 45% cheaper than average for their age group
  • Up to $1,500 covered for tools of trade

Cons

  • No cover available in QLD, SA, or TAS
  • You won't be covered if you accidentally fill up with the wrong fuel
  • New car replacement only offered up to 2 years - some brands offer 3

How does GIO compare with other car insurers?

As part of the 2024 Finder car insurance awards, we compared over 30 comprehensive car insurance policies. GIO is one of the cheaper car insurers and it offers a good range of benefits, and high limits. However, cover isn't available to drivers in QLD, SA and TAS.

Features

Product FCI Finder Score Choice of repairer New Car Replacement Roadside assistance Hail, storm and flood damage
Finder Score
Optional
  • If your car is written off in the first 2 years or is under 40,000kms
  • Optional
    Summary: The 2024 winner of our Best Value Car Insurance award. It's cheaper than most, plus you can lower costs by adding age restrictions.

    ⭐ Current offer: 15% off your first year's premium when you take out a policy online. T&Cs apply.

    Who it might be good for: Anyone who wants a good value policy.
    Finder Score
  • If your car is written off in the first 2 years
  • Optional
    Summary: Gio comprehensive policy includes lifetime repair guarantee on all authorised repairs, accidental loss or damage cover and up to $1,000 trailer cover. Optional covers for windscreen and window glass replacement and roadside assistance are available on paying extra.

    ⭐ Current offer: Get 10% off when you buy online. T&Cs apply.

    Who it might be good for: People with another policy from GIO can take advantage of its multi-policy discount.
    Finder Score
    Optional
  • If your car is written off in the first 2 years
  • Finder Score
  • If your car is written off or stolen in the first 2 years
  • Optional
    Summary: AAMI's comprehensive policy includes cover for legal modifications and accessories and up to $20 million cover for damage to other people's property. Optional extras like windscreen and window glass cover is also available.

    ⭐ Current offers: Save $50 when you buy a new comprehensive car insurance policy online. T&Cs apply.

    Who it might be good for: Safe drivers can benefit from the AAMI Safe Driver Rewards® program.
    Finder Score
  • If your car is written off or stolen in the first 2 years
  • Finder’s summary: Allianz is good if you want agreed value (this lets you agree on an amount to cover your car for. For a big insurer, it also has a strong customer service record.

    Who it might be good for: Anyone who wants good customer service and agreed value cover.
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    Finder Score for car insurance

    We analyse over 100 car insurance products and rate each one on price and features. What we get out the other end is a nice round number between 1 and 10 to help you start comparing.

    To make sure we're comparing apples with apples, we collect quotes for 8 different personas, then work out the value of 19 different car insurance features. Our team then does some fancy maths to get the Finder Score, taking both price and features into account.

    Read the full Finder Score methodology

    Price

    GIO's policies are cheaper than average with young drivers and drivers over 60 seeing particularly good premiums for their age bracket. Keep in mind, the best car insurance for you may depend on more than just price.

    The below prices are based on a fictional profile, your own quote will differ.

    InsurerNSWQLDSATASVICWAAustralia averageApply
    GIO logo$2,010n/an/an/a$1,529$1,296$806More info
    Budget Direct Logo$1,148$941$978$829$1,180$880$992Get quote
    youi$1,640$1,307$1,087$1,155$1,599$1,363$1,359Get quote
    NRMA logo$2,027$1,154$1,038$1,004N/A$1,034$1,043More info
    AAMI$1,884$1,106$1,015$985$1,318$1,002$1,218More info

    About our car insurance methodology

    Compare GIO's policies

    Product FCI Accidental damage Roadside assistance Fire and theft New Car Replacement Hire car after theft
    Optional
  • Unlimited - Up to 21 days
  • Optional
  • If your car is written off in the first 2 years
  • Reasonable costs - Up to 21 days
  • Summary: Gio comprehensive policy includes lifetime repair guarantee on all authorised repairs, accidental loss or damage cover and up to $1,000 trailer cover. Optional covers for windscreen and window glass replacement and roadside assistance are available on paying extra.

    ⭐ Current offer: Get 10% off when you buy online. T&Cs apply.

    Who it might be good for: People with another policy from GIO can take advantage of its multi-policy discount.
  • Reasonable costs - Up to 21 days
  • loading
    Finder Awards badge

    Congratulations, GIO!

    GIO received the following awards in the 2024 Customer Satisfaction Awards:

    • 'Car Insurance - NSW' - Most Trusted Brand (Winner)
    • 'Car Insurance - NSW' - Loved Brand (Highly Commended)
    • 'Car Insurance - NSW' - Quality Service Brand (Highly Commended)
    Full list of 2024 winners

    What additional cover options are available?

    • Hire car after an event - Get a hire car for Up to $75 per day - Up to 21 days after any insured event that puts your car out of action
    • Windscreen and window glass replacement - Get one free glass replacement and repair a year, without paying any excess
    • Roadside assistance - Add 24/7 roadside recovery to your policy
    • Market value cover - Insure your car for market value, instead of agreed value, to lower the cost of your premiums

    FAQs

    Compare other products from GIO

    Nicola Middlemiss's headshot
    Senior writer

    Nicola Middlemiss is a contributing writer at Finder, with a special interest in personal finance and insurance. Formerly a business and finance journalist, Nicola has written thousands of articles helping Australians better understand insurance and grow their personal wealth. She has contributed to a wide range of publications, including Domain, the Educator, Financy, Fundraising and Philanthropy, Insurance Business, MoneyMag, Mortgage Professional, Yahoo Finance, Your Investment Property, and Wealth Professional. Nicola has a Tier 1 General Insurance (General Advice) certification and a Bachelor's degree from the University of Leeds. See full bio

    Nicola's expertise
    Nicola has written 240 Finder guides across topics including:
    • Personal finance
    • Personal insurance, including car, health, home, life, pet and travel insurance
    • Commercial business insurance

    More guides on Finder

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    2 Responses

      Default Gravatar
      RaviMay 17, 2017

      Gio covers ride share ?
      Like uber ?

      Thanks

        AvatarFinder
        ZubairMay 17, 2017Finder

        Hi Ravi,

        Thank you for your question.

        You have contacted finderc.om.au, a comparison and information service and not actually GIO Car Insurance.

        GIO Car Insurance does not offer rideshare cover. To check the list of providers who offer cover for rideshare, please head to our rideshare car insurance page.

        Cheers,
        Zubair

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