Qantas launch car insurance
QANTAS has announced the launch of a new car insurance product, offering the incentive of being able to earn thousands of loyalty points a year for those who join.
Qantas Car Insurance offers a suite of insurance services such as comprehensive, third party property, fire, theft and third party property only cover.
Through the new product, the carrier’s Frequent Flyers can earn up to 20,000 Qantas Points when they sign up, and will earn one point for every dollar spent on their premium.
Qantas Group CEO Alan Joyce said the airline’s new insurance product would add another string to the bow for Qantas’ Frequent Flyer program.
“The power of Qantas Points to influence purchasing decisions has seen us expand into new areas including financial services and insurance,” he said.
“These are competitive products that have the added benefit of earning points, and we’ve seen that work well with health insurance and credit cards - we expect Qantas Car Insurance to be popular for the same reason,” Joyce added.
The Qantas chief also noted that typically car insurance was viewed by many consumers as a “grudge purchase”, but with its adjoined loyalty incentive could see members earn enough points in one year to fly from Sydney to Bali or Brisbane to Singapore.
A focus on car safety also forms part of the new service, with up to 6,000 additional points on offer for members who complete vehicle safety tasks such as brake and tyre checks, as well booking their car in for a service.
“Qantas has a proud safety reputation, which is why motorists who insure their car with us will be rewarded for maintaining a safe car,” Joyce said.
Qantas Car Insurance is underwritten by Auto & General, with the airline intending to add home insurance in 2020.