List of Car Insurance Providers in Australia

The country’s motor and home insurance industry is dominated by four major players: IAG, Suncorp, QBE and Allianz. In 2020 the Australian car insurance market generated about US$12 billion of direct written premiums (DWP) and is expected to grow in 2021. Automobile sales in Australia declined during 2019-2020 due to lower consumer spending and the impact of COVID-19. New vehicle sales in 2020 declined by 14% year-on-year, according to the Australian Automotive Dealers Association. Here is a list of car insurance companies operating in Australia.

AAMI (Australian Associated Motor Insurers)
Insurance Australia Group (IAG)
Vero Insurance (AAI Ltd)
Shannons
AANT
AI Insurance Holdings
Allianz Australia Insurance
ANZ Banking Group
Apia
Australia Post
Australian Seniors Insurance Agency
Australian Unity Ltd
Bendigo Bank
Bingle Car Insurance
Bank of Queensland
Budget Direct
Bupa HI
Cashback Car Insurance
CGU Insurance
Coles Car Insurance
CommInsure
Dodo Car Insurance
Essentials by AAI
Famous Insurance
GIO (Government Insurance Office)
Guild Insurance
HBF
Huddle Insurance
Hume Bank
iBuyeco is no longer offers insurance to new customers.
Just Car Insurance policies will no longer be issued.
Kogan Insurance
Latitude Financial Services
Lumley Special Vehicles
National Australia Bank
National Seniors Australia
NRMA (National Roads and Motorists' Association)
Over Fifty Insurance
Ozicare Car Insurance
People’s Choice Credit Union
Progressive
QBE Insurance
RAA (Royal Automobile Association of South Australia)
RAC (The Royal Automobile Club of WA)
RACQ (Royal Automobile Club of Queensland)
RACT (Royal Automobile Club of Tasmania)
RACV (Royal Automobile Club of Victoria)
Real Insurance
Resilium Pty
Retirease Insurance
Ryno Insurance (specialized insurance for enthusiasts)
SGIC (State Government Insurance Commission)
SGIO (an insurance brand trading in Western Australia)
St.George Bank
Suncorp
UbiCar Insurance - First mobile telematics Insurer in Australia
Virgin Money
Westpac
Woolworths
Youi Pty
1Cover no longer offers car insurance to new customers, but existing customers still enjoy.
1300 Insurance (online insurance company)
1st for Women

* AAMI, Apia, Bingle, GIO, Shannons, Essentials by AAI, CIL Insuramce, Resilium, Vero are brands of Suncorp Group.
** NRMA, SGIO, SGIC, CGU, Lumley are brands of Insurance Australia Group Limited (IAG).

See also: Best Car Insurance

Top Car Insurance Companies in Australia

Here is a list of the largest car insurance companies in Australia ranked by market share of premiums across all general insurance segments according to APRA.

Company Market Share
Insurance Australia Ltd * 17.60%
AAI Limited ** 17.40%
QBE Insurance 10.70%
Allianz Australia 10.60%
Insurance Manufacturers of Australia 7.50%
Hollard Insurance 2.00%
RACQ 1.80%
CommInsure 1.70%
Auto & General Insurance Company 1.50%

* Insurance Australia Limited trades as NRMA Insurance.
** AAI Limited is a subsidiary of Suncorp Group.