Rating: 5/5
Introduction
Virgin Money is part of the massive "Virgin" empire founded by Peter Branson. It has its beginning as a youth-culture magazine called "Student" started in 1968 by Branson.
For reviews of other insurance companies similar to this one, you should also check out Coles Insurance Reviews, Progressive Insurance Reviews and RACV Insurance Reviews.
Features and Coverage
In the 2000s Virgin Money expanded its operations around the world. In April 2004 the Virgin Group took ownership of Virgin Money.
Virgin Car Insurance's slogan is, It's cheaper car insurance. Done the Virgin way. So, why would we want to switch to Virgin? Well Virgin gives us three reasons. First:
- Renewal Price Promise - They guarantee the same premium price for year 2 if nothing has changed with you.
- Flex Excess discount - You can change your premium by up to $100 by varying your excess amount.
- Refer a Friend - Refer someone who takes out a comprehensive policy and you both get $50.
Virgin offers the three standard insurance policies:
- Third Party (CTP) - This is protection against damage caused by your vehicle to another's property.
- Third Party with Fire & Theft - This provides protection against damage caused by your vehicle to another's property, or cover if your car catches fire or if someone steals it.
- Compulsory - This policy provides the most coverage. You're protected against all types of accidents, whether you or someone else is at fault. Your car is also protected if someone tries to steal it, vandalize it or burn it.
