AAMI is one of Australia's most recognised insurance brands, owned by Suncorp Group. Known for competitive pricing and broad product coverage, AAMI serves millions of Australians with car, home, contents, CTP and more.
In This Review
What is AAMI Insurance?
AAMI has been a household name in Australian insurance since its founding in 1970. Originally established as the Australian Associated Motor Insurers, the brand has grown from a car insurance specialist into a full-service general insurer offering coverage across home, contents, CTP, business, travel, life, landlord, motorcycle and boat insurance.
Owned by Suncorp Group - Australia's largest pure-play general insurance group - AAMI operates alongside sister brands including GIO, Bingle, Apia and Shannons. The brand is headquartered in Melbourne and serves customers in every Australian state and territory, with particular strength in Victoria and Queensland.
AAMI won the 2026 Finder Home Insurance Award for Best Value and was identified as the cheapest home insurer in Finder's research across 47 providers. The brand's Safe Driver Rewards program remains a key differentiator in the car insurance market, offering up to 15% off premiums for claim-free driving over time.
While AAMI scores well on value and product breadth, CHOICE surveys indicate below-average car insurance satisfaction relative to some competitors, and some customers report significant premium increases at renewal. Overall, AAMI remains a strong option for Australians prioritising competitive pricing across multiple insurance products.
AAMI's broad product range and competitive pricing make it a commonly chosen option for Australian households looking to bundle multiple policies under one provider.
AAMI Insurance Ratings Across Review Platforms
Disclaimer: Ratings are sourced from public review platforms and surveys as of April 2026. Individual experiences may vary. Scores are aggregated for informational purposes only and do not constitute financial advice. Refer to ASIC's MoneySmart website for guidance on choosing insurance.
What Customers Say About AAMI
The Safe Driver Rewards program is a genuine incentive - after three years claim-free I'm paying noticeably less than when I started.
Lodged a home insurance claim after a hailstorm and the assessor came within four days. Payment was in my account two weeks later.
Pricing was excellent when I first signed up, but my premium increased by over 20% at the second renewal despite having zero claims.
I have car, home and contents with AAMI. The multi-policy process is straightforward and the 24/7 claims line is reassuring.
Customer service was slow when I called about a billing issue - waited 45 minutes on hold before speaking to someone.
Disclaimer: Review highlights are sourced from public review platforms for informational purposes only. Individual experiences may vary and do not represent guaranteed outcomes. This content does not constitute financial advice. Visit ASIC's MoneySmart website (moneysmart.gov.au) for guidance on choosing insurance products.
AAMI Insurance Products
Full coverage for your vehicle including accident damage, theft, fire, storm and third-party property damage. Includes Safe Driver Rewards for up to 15% off.
Covers your home building against insured events including storm, fire, theft and accidental damage. Winner of 2026 Finder Best Value Home Insurance Award.
Protects your personal belongings inside and outside the home against theft, damage, storm and other insured events.
Comprehensive, third party fire and theft, or third party property cover for motorcycles, scooters and mopeds.
AAMI Insurance Pros and Cons
AAMI Insurance Pricing
AAMI is generally positioned as a value-oriented insurer. The following are estimated premium ranges based on publicly available data and may vary significantly based on individual circumstances, location, vehicle type, and coverage level.
Disclaimer: All pricing figures are indicative estimates based on publicly available data and general profiles. They are not binding quotes. Your actual premium will depend on your individual circumstances, claims history, location, and the cover options you select. Visit aami.com.au for an actual quote or refer to ASIC's MoneySmart website (moneysmart.gov.au) for guidance on comparing insurance.
Your suburb and postcode significantly impact premiums. Areas prone to flooding, storms or higher theft rates typically attract higher premiums.
The make, model, year and value of your vehicle affect the cost to repair or replace it, directly impacting your car insurance premium.
A clean claims history generally results in lower premiums. AAMI's Safe Driver Rewards offers up to 15% off for sustained claim-free driving.
Choosing a higher voluntary excess will reduce your premium but means you pay more out of pocket when making a claim.
Comprehensive cover costs more than third party fire and theft or third party property only. Optional extras like hire car cover also add to the premium.
AAMI vs Other Insurers
| Feature | Feature | AAMI | Budget Direct | NRMA |
|---|---|---|---|---|
| Overall Rating | 4.0/5 | 4.3/5 | 4.0/5 | |
| Car Insurance | Yes | Yes | Yes | |
| Home Insurance | Yes | Yes | Yes | |
| CTP Insurance | Yes | No | Yes (NSW Green Slips) | |
| Travel Insurance | Yes | Yes | Yes | |
| Pet Insurance | No | Yes | Yes | |
| Safe Driver Discount | Yes - up to 15% | No | No | |
| 24/7 Claims | Yes | Yes | Yes | |
| Branches/In-person | No | No | Yes | |
| Finder Award 2026 | Best Value Home | Insurer of the Year | No |
Disclaimer: Comparison data is based on publicly available information as of April 2026. Features and pricing may change. Verify details directly with each insurer before purchasing. This comparison does not constitute financial advice. Refer to ASIC's MoneySmart website (moneysmart.gov.au) for guidance.
Alternatives to AAMI Insurance
Australia's most-awarded value insurer with Canstar Outstanding Value 19 years running and Finder Insurer of the Year 2026.
Part of the world's top insurance brand. Strong agreed value options and comprehensive product range across car, home, travel and business.
Highly customisable insurance where you pay for what you need. Strong Trustpilot reviews and award-winning car insurance features.
Who Is AAMI Best For?
AAMI's competitive pricing and Best Value awards make it well suited for families and individuals looking to keep insurance costs down without sacrificing essential coverage.
With car, home, contents, landlord, travel and more under one brand, AAMI offers convenience and potential multi-policy discounts for customers who prefer a single provider.
AAMI's Safe Driver Rewards program provides up to 15% off premiums for claim-free driving, making it particularly attractive for drivers with a clean record.
As the cheapest home insurer across 47 providers in Finder's research and winner of the 2026 Best Value Home Insurance Award, AAMI stands out for home cover value.
Our Verdict on AAMI Insurance
AAMI delivers solid value for money across its extensive product lineup. The brand's position as the cheapest home insurer in Finder's 2026 research, combined with the Safe Driver Rewards program for car insurance, makes it a compelling choice for price-conscious Australians.
However, below-average car insurance satisfaction scores in CHOICE surveys and reports of significant premium increases at renewal temper the overall assessment. Customers who actively compare and negotiate at renewal time are likely to get the best outcomes with AAMI.
For households looking to consolidate multiple insurance policies with a financially stable, well-known brand at competitive prices, AAMI remains a strong contender in the Australian market.
Common questions about AAMI
How we research and rate insurance companies
This review is based on data collected from the following sources, last verified in April 2026:
Our editorial scores (out of 10) are calculated using a weighted methodology that considers:
Disclaimer: Our review methodology is for informational purposes only and does not constitute financial advice. Scores represent editorial opinion based on publicly available data. Individual experiences may vary. Always read the Product Disclosure Statement (PDS) before purchasing insurance. For independent guidance on choosing insurance, visit ASIC's MoneySmart website at moneysmart.gov.au.
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