Retirease provides great-value car insurance products to Aussie retirees. Some of Retirease’s selling points are:
Since its founding, Retirease has provided affordable insurance to retired drivers. Only customers aged 55 and over, who are no longer employed full time, can be covered by Retirease.
Auto and General Insurance Company Limited, a member of the Insurance Council, underwrites Retirease car insurance policies.
Retirease provides three levels of car insurance policies for customers, with a range of benefits to suit a range of needs and budgets.
Comprehensive cover is the highest level of car insurance available from Retirease. Customers with a comprehensive policy will be covered for things, such as:
Customers may be able to choose a number of additional extras to be included in the policy, including:
See product disclosure statement (PDS) for full limits, terms and conditions.
Third Party Property, Fire and Theft is designed for customers searching for a more affordable policy without the bells and whistles. Coverage includes:
This policy will not cover damage from attempted theft. See PDS for full limits, terms and conditions.
This the basic level of cover for retirees looking to cover the essentials. This policy generally covers:
Depending on your level of car insurance and eligibility, you can take advantage of multiple benefits that can help you tailor your policy. Some of these benefits include:
See PDS for full limits, terms and conditions.
To make a claim, contact Retirease over the phone. You will typically require the following information to help validate your claim:
If you’re involved in an accident and the insurer deems you not at fault and the other party is identified, you won’t have to pay any excess. In other instances, you will usually have to pay the basic excess and any other additional excesses that may apply. All excesses will be listed on your Insurance Certificate.
Additional excesses may apply when the person driving your car, who is not an excluded driver but who:
*Retired means not gainfully employed or seeking employment, and aged 55 years or over (45 years or over for a spouse or partner).
For more detailed information on excess payments, always read your policy’s PDS.
You may cancel your Retirease policy at any time. If you cancel your policy within 21 days of the purchase (“cooling-off period”) or renewal date and no claim is made you will receive a full refund of the premium you have paid.
If you cancel outside the cooling-off period and no claim is made and you have paid an annual premium, you will be refunded any premium you have paid for the unused portion of your policy, less an early cancellation fee and less any government taxes and charges. If you pay your premium by instalments, there would be no refund of any part of an instalment you have paid.
Switching car insurance policies or providers only takes minutes, and it may just land you a better deal. You can compare Retirease side-by-side with a range of car insurance providers through Compare the Market’s online comparison service. Best of all, it’s 100% free to use and can be tailored to your needs and budget, with the results based on the information you provide.
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