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Finder’s income protection insurance methodology

How we calculated our 2023 income protection awards.

What are the Finder income protection awards?

Finder's income protection awards is a ratings methodology that compares both price and features across 10 income protection policies. We got 264 income protection quotes based on 32 different profiles to determine the winners in 2023.

We use the final scores from our insurance awards to inform the top picks on our best income protection insurance page.

Finder's income protection awards criteria

The criteria for Finder's income protection awards was determined by our insights team and insurance experts.

Income protection eligibility criteria

  • It must be a direct income protection insurance policy (e.g. no broker is needed)
  • The provider must have offered the policy for 12 months or longer
  • Quotes must be available online or over the phone
  • We must be able to get at least 19 quotes from each provider

Finder's income protection awards methodology

1. How we calculated our price score for income protection

To determine our income protection insurance award winners, we got prices across a total of 32 customer profiles varying in age, gender, occupation and smoking status:

30FemaleNoWhite collar worker
30FemaleNoBlue collar worker
30FemaleYesWhite collar worker
30FemaleYesBlue collar worker
30MaleNoWhite collar worker
30MaleNoBlue collar worker
30MaleYesWhite collar worker
30MaleYesBlue collar worker
40FemaleNoWhite collar worker
40FemaleNoBlue collar worker
40FemaleYesWhite collar worker
40FemaleYesBlue collar worker
40MaleNoWhite collar worker
40MaleNoBlue collar worker
40MaleYesWhite collar worker
40MaleYesBlue collar worker
50FemaleNoWhite collar worker
50FemaleNoBlue collar worker
50FemaleYesWhite collar worker
50FemaleYesBlue collar worker
50MaleNoWhite collar worker
50MaleNoBlue collar worker
50MaleYesWhite collar worker
50MaleYesBlue collar worker
60FemaleNoWhite collar worker
60FemaleNoBlue collar worker
60FemaleYesWhite collar worker
60FemaleYesBlue collar worker
60MaleNoWhite collar worker
60MaleNoBlue collar worker
60MaleYesWhite collar worker
60MaleYesBlue collar worker

Our income protection pricing research in numbers


Total number of quotes received


Total number of customer profiles


Number of insurers scored

2. How we calculated our features score for income protection

The features score takes into account 8 different features commonly covered by an income protection policy. Features were scored and weighted as follows:

Max. monthly benefit18%
Max. % of income covered7%
Max. entry age7%
Highest benefit period14%
Waiting period11%
Minimum waiting period4%
Death cover option4%
Benefit period options7%

3. How we calculated our final scores for income protection

Why you can trust Finder's income protection experts


We're free

You pay the same as buying directly from the insurer. We make money from referral fees when you choose a policy, but you don't pay any extra.
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We're experts

Our team of income protection experts have researched and rated dozens of policies as part of our Finder Awards and published 80+ guides.

We're independent

Unlike other comparison sites, we're not owned by an insurer. Our opinions are our own and all guides must meet our editorial standards.

We're here to help

Since 2016, we've helped thousands of Australians find income protection by explaining your cover options, simply and clearly.

Frequently asked questions

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