Compare income protection insurance quotes

1 - 5 of 10
Name Product Maximum Monthly Benefit Maximum % of Income Covered Maximum Benefit Period Average Claims Acceptance Rate Sum Insured
TAL Accelerated Protection Income Protection
Up to 70%
Up to
Age 65
Data not available
$1,305 million
Get up to 70% of your income covered with flexible short and long term benefit periods.
AAMI Income Protection
Up to 75%
Up to
5 years
Data not available
$222 million
Take out a new AAMI Income Protection policy before 30 June 2023 and get a $100 eGift card after your first 4 months of cover. T&Cs apply.

If you’re an existing AAMI customer, you can save 5% on income protection. New customers can get one month free by paying annually.
NobleOak Disability Income Insurance
Up to 70%
Up to
Age 65
$65 million
With NobleOak, you can lock in a policy with a benefit period covering you up to the age of 65. Cover limits may go as high as $30,000.
Insuranceline Income Protection
Up to 75%
Up to
5 years
$222 million
Get a $100 gift card after your first 2 months when you take out income protection cover with Insuranceline. T&Cs apply. Ends 30 September 2023.
Suncorp Income Protection
Up to 75%
Up to
5 years
Data not available
$222 million
Take out a new Suncorp Income Protection policy before 30 June 2023 and get a $100 eGift card after your first 4 months of cover. T&Cs apply.

5% off your premium with a multi-policy discount if you’re an existing Suncorp Insurance customer.

Why compare income protection with Finder?

  • You pay the same price as buying directly from the income protection insurer.

  • We're not owned by an insurer (unlike other comparison sites).

  • We don't ask for your phone or email.

  • We've done 100+ hours of policy research to help you understand what you're comparing.

What is income protection insurance?

Income protection pays a monthly wage if you need to take time off work due to a sudden accident or illness. Most insurers will pay up to 70% of your pre-tax income. They'll also set a maximum benefit, usually around $10,000 monthly.

The payouts from income protection can help you meet regular expenses, such as your mortgage or rent and groceries. It can also maintain your family's lifestyle while you focus on your recovery.

How does income protection insurance work?

With income protection, you get an ongoing cash benefit after a successful claim. It lasts until one of the following occurs:

  • You can return to work
  • Your benefit period ends
  • You reach an age when you can no longer renew your policy

The benefit period is the maximum amount of time you can receive payments. In most cases, this is for 1, 2 or 5 years. Some insurers offer a benefit period until the age of 65. These policies will cost more.

You can only claim income protection after you've passed the waiting period stated in your policy. It starts from the day you file your claim and it can be 14, 28, 60 or 90 days.

Tip: The longer your waiting period, the cheaper your policy will be. However, choose with care as you'll need to have enough money to support yourself for the duration of your waiting period.

  • Finder research has found just 35% of Australians would be able to meet their bills for more than 3 months if they lost their job tomorrow.

Income protection calculator: How much cover you could get

Gross annual income
Percentage covered

We estimate that you could get...(click Calculate to see results)

What's the cheapest income protection?

According to the latest Finder awards research, a policy with NobleOak may cost as little as

$24.72 per month

Suit worker
A cheap income protection policy may cost $25.27 per month with TAL. This quote was for a male, white-collar worker (accountant).
Construction worker
For blue-collar workers, such as tradies, a cheap income protection policy may cost $49.43 a month with NobleOak.

What's the average cost of income protection?

Finder's research team gathered 150+ quotes from 10 insurance brands across 32 different customer profiles (e.g. diverse ages, smoker statuses, occupation types and genders) in February 2023.

Based on this research, here are the average costs for non-smokers and smokers. This average is calculated across male and female white-collar workers between the ages of 30 and 40 for each brand.

InsurerNon-smoker average monthly premiumSmoker average monthly premiumApply today
TAL$30.38$41.72Get quote
RAC$36.38$57.50More info
RACQ$42.69$52.80More info
Zurich$43.02$55.92More info
NobleOak$36.51$57.27Get quote
Bendigo$46.36$58.52More info
Aspect$59.39$87.72More info
AAMI$60.84$76.06Get quote
Insuranceline$60.84$76.06Get quote
Suncorp$60.84$76.06Get quote

Here's what some experts had to say...

3 ways to buy income protection insurance

The ways to get life insurance in Australia are direct, retail or via super.
Paper and pen


Do some research and buy directly with an insurer.



Seek advice from a broker who'll build you a policy.



Get basic cover in your super fund.

The latest income protection deals and discounts

We put together a list of exclusive deals and sign-up offers below to help you save:

Store Discount

AAMI customers save 5% on income protection

Existing AAMI customers save 5% on their income protection premiums. T&Cs apply.

Last verified

Get a $100 bonus gift after 2 months

When you get life insurance, income protection or funeral insurance with InsuranceLine. Offer ends 30 September 2023. T&Cs apply.

Last verified

Deal ends

Get 12 months income protection for the price of 11

New members will get a one month free when paying annually

Last verified

Save 5% on Suncorp Income Protection for existing customers

Get a 5% discount if you have a car or home insurance policy with Suncorp. T&Cs apply.

Last verified

Read our income protection reviews

Want to find out more about a specific insurer? We've reviewed over 20 of them. Here's a bunch of the most popular ones:

If the brand you're looking for isn't here, check out our directory.

Why you can trust Finder's income protection experts


We're free

You pay the same as buying directly from the insurer. We make money from referral fees when you choose a policy, but you don't pay any extra.
Expert icon

We're experts

Our team of income protection experts have researched and rated dozens of policies as part of our Finder Awards and published 80+ guides.

We're independent

Unlike other comparison sites, we're not owned by an insurer. Our opinions are our own and all guides must meet our editorial standards.

We're here to help

Since 2016, we've helped thousands of Australians find income protection by explaining your cover options, simply and clearly.

Frequently asked questions on income protection insurance

We added information about how Finder is editorially independent and the research behind our income protection awards
This article was updated on 4 May 2023. We added information about how Finder is editorially independent and the research behind our income protection awards.

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