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Finder’s income protection insurance methodology

How we calculated our 2024 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 11 income protection policies. We got 170+ income protection quotes based on multiple profiles to determine the winners in 2024.

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

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:

AgeGenderSmokerOccupation
35FemaleNoBlue collar worker
45FemaleNoWhite collar worker
35FemaleNoBlue collar worker
45FemaleNoWhite collar worker
35FemaleYesBlue collar worker
45FemaleYesWhite collar worker
35FemaleYesBlue collar worker
45FemaleYesWhite collar worker
35MaleNoBlue collar worker
45MaleNoWhite collar worker
35MaleNoBlue collar worker
45MaleNoWhite collar worker
35MaleYesBlue collar worker
45MaleYesWhite collar worker
35MaleYesBlue collar worker
45MaleYesWhite collar worker

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:

FeaturesWeighting
Death cover option4%
Highest benefit period7%
Max. entry age5%
Max. monthly benefit7%
Max. % of income covered7%
Minimum waiting period7%
Waiting period7%
Benefit period options7%
Non-smoker price15%
Smoker price10%
White collar price12%
Blue collar price12%

3. How we calculated our final scores for income protection

Why you can trust Finder's income protection experts

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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.
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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.
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We're here to help

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

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