subject: Top Three Insurance Companies In Australia [print this page] Top Three Insurance Companies In Australia
Choosing the right insurance company for your needs and lifestyle will be one of the most important decisions you will make as an adult. Insurance is protection against unforeseen situations that may require financial retribution in one way or another. For example if you happen to be in a car accident your cover will help to pay for repair, medical expenses or assist in covering any cost you may have to disburse to the other driver.
There are a multitude of insurances that are on offer to cover almost everything. Here are a few policies that can be purchased:
Property
Life
Health
Home
Auto
Funeral
Liability
Credit
Casualty
Accident, Sickness, Unemployment
Expatriate
Kidnap and Ransom
Collateral Protection
The list can get quite long but you get an idea of how important it is to match your needs and lifestyle with the cover you plan to purchase. Whether its car, life or health cover choosing the right company will be a most important step along with the type of insurance you decide to accept. Searching the internet has made it easier to find an insurer. But a good insurer may need more investigation. To save you a bit of work, here is a list of the top three insurance companies in Australia and their services.
1. Medibank Private
This company has nearly 3.4 million clients covered. Statistically this makes them the principal health insurer group in Australia. Their range of personal covers includes life, travel and pet. They also embrace a number of health and wellbeing programs along with corporate health cover products. Medibank Private has stated their financial position is secure and they are prepared for potential challenges for the future counting Australia's aging population.
2. QBE
As a provider for over 123 years OBE has offices in 49 countries with a staff of approximately 13,500. Being Australia's largest international insurance and reinsurance company plus one of the best twenty-five world insurers they offer an array of sound policies. They are quite large but do offer national coverage in Australia with more than 50 agencies in every state and territory. For the past nine years this insurer has been awarded the title of General Insurer of the Year by the National Insurance Brokers Association. Some of the covers they offer are personal, business and workers compensation. With such a good reputation QBE seems like a good choice as a first time insurer. (Learn more about Asteron and also about info on how to Buy MLC Life Insurance.)
3. GIO
GIO provides various covers such as life, home, travel, boat & caravan, business and workers compensation. With 92 workplaces in Victoria, Western Australia (Perth), Queensland (Brisbane and the Gold Coast) and New South Wales and the ACT you are sure to find an office close by.
Insurance premiums will vary depending on what your requirements are. Someone may necessitate homeowner's cover along with their car insurance. Another individual may need theft and rental insurance. Be sure to scrutinize your potential insurer.
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