10 years of change – but outstanding value stays the same

May 16, 2016

A lot has changed in Australia over the past 10 years. For one thing, property prices have gone through the roof. In 2006 you could buy a Sydney home for around $500,000. Today you’ll need $1million for the same property. The way we communicate has also changed. Back in 2006 social media was in its infancy, yet today Australians are some of the most active users in the world with 15 million on Facebook and almost 3 million on Twitter.

If you think the roads seem busier than in 2006, you’d be right. The number of motor vehicles, including motorcycles, registered in Australia has increased from just over 14 million to more than 18 million in 2016. Over the past 10 years the average motorist has driven more than 150,000kms, spending on average $18,000 on fuel.

With all this change it’s nice to see some things, such as outstanding value car insurance, remain the same. Budget Direct has just been awarded the CANSTAR Five Star Outstanding Value Car Insurance award for a record-breaking 10th year in a row – the only brand in any category to win a CANSTAR award 10 years running. This incredible achievement demonstrates the consistency of Budget Direct’s offering to Australian motorists, said CANSTAR’s Head of Research, Mitchell Watson.

“Over the years our methodology has adjusted to market changes and Budget Direct has been able to maintain their high standards if not push the industry benchmarks,” said Mr Watson. ”Budget Direct is truly an insurer for all Australian motorists - shown through their competitive pricing across young to old drivers and families. In some categories we saw a price difference of over $700 in comparison to the national market average.

“Being affordable is one thing but Budget Direct is offering outstanding value through competitive premiums coupled with strong policy cover. Included as standard in their policy they provide a lifetime guarantee on repairs, up to 14 days of rental car cover if your car is stolen and up to $850 in cab fares following an accident. In addition, innovations like Hail Hero demonstrate a company that is looking out for their customers.”

Winning the national award 10 years’ running is a huge honour for the challenger brand, and one which it doesn’t take lightly, said Ram Kangatharan, Managing Director & CEO Budget Direct.

“Budget Direct promises Simply Smarter Insurance and the award highlights this is not just an advertising line,” said Mr Kangatharan. “We have an ongoing commitment to deliver great products, great value and features to our customers, providing a valuable alternative in the market.”

CANSTAR, an independent research company, shadow-shopped 24,000 quotes to research and rate 63 car insurance policies from 50 providers.

*Sources: REIA, Social Media Statistics Australia – March 2016, ABS Motor Census

For further information or interviews please contact Brad Seymour, Director Partnerships & Communication, Budget Direct (Auto & General) at 07 3377 8937  or mediaenquiries@budgetdirect.com.au

Budget Direct was established as an insurance provider in Australia in 2000.  It is part of the international Budget Insurance group of companies headquartered in the British Isles. The group provides more than 6.8 million policies to insurance customers and administers $2 billion in premiums annually. Budget Direct offers Motor, Home & Contents, Health, Life and Travel Insurance as well as Roadside Assistance.