What is AAMI Car Insurance?

What is AAMI Car Insurance?

As part of the Suncorp group, AAMI has been providing insurance coverage to Austrailians since 1969. If you've watched Australian TV in, well, ever, you probably already know the jingle. But what is AAMI car insurance? Is "lucky you're with AAMI" more than just a slogan?

Let's look deeper.


If you sign up for car insurance from AAMI, you're hardly going to be the first. In fact, you'll be in good company alongside nearly two million other Australian drivers. While popularity isn't everything, there's something to be said for knowing your ride is covered by a household name.

And if we're talking numbers, it's worth noting that they have a Bazaarvoice Authentic Reviews Trust Mark of 4.5/5 stars, and a rating of 8.0/10 on mozo.com.au. A large user base, combined with high ratings is a good sign, no matter the industry. And when it comes to insurance - where let's be honest, someone's having a bad day if a review's being left - the score is even more notable.


AAMI offers two primary types of car insurance; third-party property damage, and comprehensive. Let's take a look at these one at a time.

Third-Party Property Damage

The more economical of the two options, TPPD insurance does exactly what it says on the tin - covers you in matters regarding other people's vehicles and/or property, footing up to $20 million of damage to someone else's automobile or other property, and up to $5,000 worth of damages to your vehicle by an uninsured driver (provided they're at fault).

Additionally, you can add up to $10,000 of coverage for damages to your vehicle caused by fire, and the same amount of coverage if your car is stolen, missing, or written off (AAMI considers your car a write off if it's stolen and not recovered after 14 days, or if they decide that it's not economical, impractical, or unsafe to repair).

This optional coverage includes hiring out a rental car (for up to 21 days), as well as up to $1,000 of replacement keys and locks, and up to $500 worth of personal items stolen from your car.

The third-party property damage option has the advantage of being the more economical of AAMI's car insurance options, at the trade off of reduced coverage. Simply put, it does nothing to recoup your investment if you're at fault.

For that, you'll want to look at their Comprehensive coverage.

Comprehensive Coverage

To get the total protection package, this is the option you'll want. When purchasing Comprehensive Coverage, you'll choose an Amount Covered for your vehicle - this is simply how much your vehicle is insured for; the maximum amount that AAMI will pay for loss or damage caused to the vehicle.

Combining the same coverage options from Third-Party Property Damage, it also covers damages to your vehicle, even if it's entirely your fault. In addition, it covers damages caused by hail, storm, and flood, as well as fire and theft, all up to the Amount Covered you've chosen. In addition, if your vehicle is ever considered a total loss, they'll cover the cost to replace it with a new car of the same (or similar, if that's not possible) make or model - provided the car is less than two years old, and you're the first registered owner.

Compulsory Third-Party Insurance

Required by law, compulsory third-party insurance, or CTP, is vehicle insurance attached to your registration, protecting the driver at fault against claims made from individuals who sustain injuries in an accident. Included in your car registration in the majority of states, in New South Wales, you'll need to separately purchase it. AAMI offers CTP in NSW, as well as in the Australian Capital Territory, though these are both handled a little differently.

In the ACT, simply select AAMI as your preferred CTP insurer when you register your vehicle. In NSW, CTP insurance is known as Green Slip insurance, and will need to be purchased separately. Fortunately, they can handle that as well.


At the end of the day, car insurance is something you hope never to need; it provides as much peace of mind as any other value. To that end, AAMI's car insurance is an easy recommendation; there's something to be said for putting your trust in a giant.