Budget Direct Car Insurance
- 15% discount on first year's premium
- New car replacement
- $20 million legal liability cover
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The day you get your driver’s licence is one you’ll remember forever. Unfortunately, car insurance for red and green P-platers costs significantly more than it does for fully-licensed drivers. But there’s still plenty you can do to find affordable car insurance cover that still offers all the protection you need.
|Company||18 Year Old Female - Third Party Property||18 Year Old Female - Comprehensive|
|Company||21 Year Old Female - Third Party Property||21 Year Old Female - Comprehensive|
|Company||18 Year Old Male - Third Party Property||18 Year Old Male - Comprehensive|
|Company||21 Year Old Male - Third Party Property||21 Year Old Male - Comprehensive|
Your cost will differ depending on your circumstances. Some things that can affect the cost of your quote include your gender, the type of car you drive, the colour of the car, how long you have been driving, the amount of cover you need, plus more. Be sure to read the PDS to find cover that suits you.
* - We sourced this price by dividing Bingle's monthly cost into a daily cost
Not sure which cover type to go for? Here's the downlow on each cover type to help you make a decision.
Compulsory Third Party Cover : Commonly known as greenslip insurance, CTP is mandatory for every driver in Australia. In many states, it's included in your car rego so you don't need to worry too much. It offers protection to the driver who is at fault for a motor vehicle accident which led to another person being injured.
Best for: Everyone - it's mandatory!
Third Party Property Damage Cover: The most basic policy. This provides coverage for any damages you may cause to someone else's vehicle or property. However, it won't cover the expense of repairing damages your vehicle incurs as a result.
Best for: Those P-Platers with cheaper cars or who are on a really strict budget.
Third Party Fire and Theft Cover: As the name suggests, this cover type ensures you are protected if your car is stolen, as well as covering you for fire damage. You're also covered if your car causes damage to someone else's property.
Best for: P-Platers who need a bit more cover without the pricetag.
Comprehensive Cover: If you want top cover, this is the option for you. It covers theft, vandalism, storms, flood, hail, fire, key replacement, emergency accommodation, hire cars, accidental damage (to name a few) - plus everything that's covered by cheaper policies.
Best for: P-Platers who want peace of mind, knowing that they have the highest cover available.
|Damage to other people's property|
|Storm or flood|
|Emergency accommodation, transport and repairs|
|Replacement of keys|
|Contents inside the car|
|New car replacement|
An excess is the amount you pay when you want to make a claim. Premiums are one thing, but if you have to fork out an extra $1,000 after you've had an accident, that can easily eat away at your bank account. Before you sign on the dotted line, have a careful look at what excesses you'd be paying if you want to claim.
We've put together a summary on how 4 major underwriters treat excesses for a driver under the age of 25, inexperienced drivers (like a fresh new P-Plater), or for an unlisted driver (like your best mate that accidentally scratched your car while on a Maccas run). If you're a young P-Plater, you might need to pay multiple excesses - one for being inexperienced, and another for being under the age of 25. That's why it's so, so important to make sure you're getting a policy with fair excess rates.
Have a look at how some insurers treat excesses below:
|Underwriter||Driver under age 21||Driver aged 21-24||Inexperienced driver||Unlisted driver|
Auto & General
Insurance Australia Group
If you’re a P-Plater under the age of 25, statistically speaking, you’re more likely to be involved in an accident. According to figures from Victoria’s Transport Accident Commission, 19% of drivers who lost their lives on Victoria’s roads in 2016 were in the 18–25 age bracket, despite this group only representing 10% of this state’s licence holders. In addition, a review by the Australian Transportation Safety Bureau found that young drivers are at greater risk on the roads for a range of reasons including:
This means drivers under the age of 25 pay significantly more for car insurance. Even a 21-year-old driver will pay much less for cover than an 18-year-old and you might be surprised just how much premiums can decrease with each passing year.
There are several other factors that can affect the cost of car insurance for drivers under the age of 25, including:
If you’re ready to compare car insurance for P-platers, remember to consider the following factors when weighing up the pros and cons of different policies:
Finally, be wary of the following car insurance traps which can pose big problems for P-plate drivers:
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