You might prefer to do your grocery shopping at one over the other, but who offers the better car insurance? To make your decision easier, we've put together a list of features to see who offers the best car insurance policy for you.
What's the difference between Coles and Everyday car insurance?
With Everyday car insurance, you'll receive $50 per day for up to 14 days for a car hire if your car is stolen, while Coles will pay $75 per day for the same length of time. Both offer hire car after an accident as an optional benefit.
Everyday also has a 'Drive Less Pay Less' car insurance policy tailored to part-time drivers. If you drive less than 15,000km a year, you can qualify for comprehensive car insurance but with a lower premium.
If you have a good driving record, then Coles might be the more suitable provider for you. They offer a no claims discount to drivers with a good insurance record and no at-fault claim. Coles also provide $200 grocery replacement cover, while Everyday do not.
How do the brands compare?
|Underwriter||Insurance Australia Limited (IAL)||The Hollard Insurance Company Pty Ltd|
|Damage to other people's car|
|Bonuses||10% online discount||10% off your monthly grocery shop. T&Cs apply.|
|Agreed or market value||
Agreed or Market
Agreed or Market
|Choice of repairer|
|Legal liability||$20,000,000||Yes - $20,000,000|
|Fire and theft|
|Hire car after theft||Yes - Up to $75 per day (Max 14 days)||Yes - Up to $50 per day - (Max 14 days)|
|Hire car after no fault accident||Optional - Up to $50 per day|
|Hire car after at fault accident||Optional - Up to $75 per day (Max 14 days)||Optional - Up to $50 per day - Up to maximum hire period shown on the Certificate of Insurance|
|Emergency repairs||Yes - $500||Yes - $500|
|Emergency travel and accommodation costs||$500||Yes - $500|
|New car replacement||2 years||2 years|
|Locks and keys replacement||$1,000||Yes - $1,000|
|Important||Limits, exclusions and terms and conditions apply. Read the Product Disclosure Statement.||Limits, exclusions and terms and conditions apply. Read the Product Disclosure Statement.|
|More info||More info|
Who offers higher coverage?
Both Coles and Everyday offer very similar levels of coverage. For instance, both offer a $500 benefit for personal property, $1,000 for trailer and caravan cover, $500 for emergency travel and accommodation costs, $500 for emergency repairs and $1,000 for locks and key replacement. The only small, $5 difference is in their daily allowance for car hire after theft.
What companies does each underwriter work with?
Coles is underwritten by Insurance Australia Limited (IAL), the largest general insurance company in Australia and New Zealand. IAL underwrite almost $12 billion of premium per year. Everyday, on the other hand, is underwritten by the Hollard Insurance Company Pty Ltd. Hollard are a global insurer originally based in South Africa. They now provide insurance in Europe, India, China, Australia and New Zealand.
Why you can trust Finder's car insurance experts
You pay the same as buying directly from the car insurer. Better still, we regularly run exclusive deals that you won't find on any other site – plus, our tables make it easy to compare policies.
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