Map of NSW

NSW Car Insurance

Complete guide to getting car insurance in NSW

Your car needs to have up-to-date insurance at all times while you’re behind the wheel. All drivers in NSW must have CTP car insurance, and most drivers also opt for extra protection.

Whether you’ve just bought a new car and need protection for it, or are looking to change your car insurance provider, this guide can walk you through getting the right car insurance in NSW.

NSW car insurance in three steps

  • Choose your damage cover. Choose the type of car insurance damage cover that suits your needs.
  • Compare and buy online. Once you’ve found the right policy, compare it with other options and buy online for more discounts as well as to save time and hassle.

Compare comprehensive policies from Australian brands

Name Product Name Agreed or Market Value New Car Replacement Pay Monthly At No Extra Cost Choice Of Repairer Roadside Assistance Hire Car After Theft
Market
Optional - If your car is written off in the first 3 years
No
No
No
Optional - Up to $50 a day until your claim is settled
Save 24% on your policy if you've been claim free for 3 years.
Agreed
Yes - If your car is written off in the first 2 years or is under 40,000 km
No
Yes
Optional
Yes - Up to $1,000 (Max 14 days)
Buy online and save 15%.
Agreed
Yes - If your car is written off in the first 2 years
Yes
No
Optional
Yes - Up to $70 per day (Max 14 days)
Buy online and save up to 10%. Price-beat guarantee for drivers aged over 25.
Agreed
Yes - If your car is written off or stolen in the first 2 years
No
Yes
Yes
Yes - Reasonable costs (Max 14 days)
Emergency roadside assistance included in Comprehensive policies.
Agreed
Yes - If your car is written off in the first 2 years
Yes
No
Optional
Yes - Up to $70 per day (Max 14 days)
Save up to 10% when you buy online.
Agreed
Yes - If your car is written off in the first 2 years or is under 40,000 km
No
Yes
Optional
Yes - Up to $1,000 (Max 14 days)
Save 15% when purchasing online. Eligible customers can earn 5,000 Velocity Frequent Flyer Points when purchasing a new policy by 31 Dec 2018. Excludes NT. T&CS apply.
Agreed
Yes - If your car is written off in the first 2 years
Yes
No
No
Yes - Up to $70 per day (Max 14 days)
Transforms your driving so it's 100% carbon neutral.
Agreed
Yes - If your car is written off in the first 2 years
Yes
Yes
No
Yes - Up to $100 per day (Max 30 days)
Buy online and save up to 10% on your policy.
Agreed
Yes - If your car is written off in the first year or is under 20,000 km
No
No
Optional
Optional - Up to $60 per day (Max 14 days)
Save up to 20% on car insurance when you purchase cover online.

Compare up to 4 providers

What type of car insurance can I get in New South Wales?

All cars need CTP insurance, and you should also choose a liability and damage policy.

Getting CTP insurance in NSW

CTP insurance in NSW, also known as a Green Slip, covers the cost of injuries sustained in road accidents. There are six different CTP insurers to choose from in NSW, and each sets their prices differently.

  • 6- or 12-month insurance period. You can choose either a 6-month or a 12-month insurance period to better manage the costs.
  • No difference in cover. All insurers will offer the same required cover, so you can compare by price alone.
  • The cheapest Green Slips. Find the cheapest Green Slip by getting a quote from each insurer and choosing the lowest price.

Once you have a CTP insurance policy, you are insured for personal injuries on the road. Next, you can pick the type of car damage cover that suits your needs.

Personal liability and car damage insurance

There are three additional types of car insurance to choose from. Find the cover that’s right for you by balancing cost and protection.

Third party propertyThird party property, fire and theftComprehensive
Personal liabilityYesYesYes
Protection for your carNoCover for fire damage and theftComprehensive protection from many forms of damage
  • Personal liability: This is the cost of damage you may cause to other cars or to a person’s property because of an accident. Third party property car insurance policies deliver cost-effective, personal-liability-only cover.
  • Protection for your car: Different policies will protect your car from different types of damage. A third party fire and theft policy covers you from these two common hazards as well as delivering personal liability cover. Comprehensive car insurance protects you from many different types of damage, and also includes personal liability cover.

How much does car insurance cost in NSW?

No matter where you are in the country, the cost of car insurance is determined by the same, or very similar, factors. The more likely you are to get into an accident, have your car stolen, or make a car insurance claim, the higher your car insurance premiums will be.

  • New South Wales is the most expensive state in Australia for car insurance, thanks to crowded roads and above-average theft rates. This means it is particularly important to look for cheap car insurance in NSW.

Rounded average annual cost of comprehensive car insurance for newer vehicles in NSW

Under 2525 to 2930 to 4445+
Annual premiums$2,450$1,250$1,010$870
  • Stamp duty: Different financial services are taxed at different levels around Australia. This is known as stamp duty and can raise the price of financial products. In NSW, the stamp duty for car insurance is set at 5%.

New South Wales car thefts

According to the National Motor Vehicle Theft Reduction Council (NMVTRC) in 2017, 12,216 vehicle thefts took place in New South Wales. This was a 2.6% increase compared with 2016. NSW accounts for 23.1% of the total national thefts.

The worst vehicle crime spot in NSW is the city of Blacktown (805 vehicles stolen). The city experienced a 9.8% surge in crime. The next worst-hit areas are Central Coast (674), Canterbury-Bankstown (614), Lake Macquarie (484) and Penrith (481).

The most stolen vehicle was the 2006-2013 Holden Commodore VE (218 stolen). Next came the 2005-2011 Toyota Hilux, with 196 taken and the 2012-2015 Hilux model accounted for 149. The most stolen price range was cars worth under $5,000.

Motorcycle theft increased in NSW to 1,673.

Friday's between 16:00 and 19:59 are the most likely times for your car to be taken. The next riskiest time is Saturday evening between the hours of 20:00 and 23:59. 612 owners had their vehicle stolen during this time.

What car insurers can I access?

The finder.com.au car insurance panel lets you compare options from some of Australia’s top insurers, including the following:

Australia Post

Australia Post combines cover and affordability with flexible policies that deliver additional benefits. You can get free trailer cover if you have comprehensive insurance or cover for the cost of a rental vehicle if yours is stolen and you have a third party fire and theft policy.

Australia Post car insurance is an effective option for those who want to balance cost and cover or are looking for more benefits without needing to pay more for a comprehensive policy.

QBE

All QBE car insurance policies let you choose your own repairer. Policies can be tailored with options like excess-free windscreen and glass protection and protection for your no-claims bonus. Comprehensive policies come with cover for vehicle tools and personal effects as well as all the other advantages of comprehensive cover.

QBE car insurance policies are the right choice for people who want to tailor their policies to find a car insurance policy that feels like it was made just for them.

Budget Direct

Budget Direct takes pride in offering competitive car insurance prices thanks to maintaining eligibility requirements. By declining to insure drivers with a history of traffic accidents and instead focusing on offering cover to safer drivers, Budget Direct can offer lower prices than their competitors.

Budget Direct car insurance policies suits those who want to save money and don’t necessarily want all the extras.

Youi

Youi is focused on letting you get the benefits of your choice from car insurance. Whether you want to lower costs or enjoy a higher level of protection, Youi strives to offer the options. Opt out of unneeded extras like trailer cover, and opt in if you need protection for car tools or campervan contents.

Youi car insurance is an attractive choice for people who want to customise their policy for cost-effectiveness without losing the essential cover that’s important to them.

Woolworths

Flexibility and personalization can make Woolworths feel like a smaller insurer. Price matching and other features may be available as well as a wide range of discounts for those who want to customise their insurance. All this is available without compromising the level of cover or options available, making Woolworths car insurance a flexible choice.

Woolworths car insurance delivers competitive prices for those who want to take control of their discounts and manage their policies for more benefits.

Virgin Money

Car insurance by Virgin Money is largely oriented around offering an effective level of protection without raising the price too high. For this reason, it offers more than one comprehensive policy, letting you further fine-tune your chosen balance of cost and cover. On top of this, Virgin’s wide range of services means you can access bonuses and discounts that may not be available elsewhere.

Existing Virgin customers may want to consider Virgin Money car insurance to get additional benefits, while new customers can take advantage of the different policies available.


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Andrew Munro

Andrew writes for finder.com, comparing products, writing guides and looking for new ways to help people make smart decisions. He's a fan of insurance, business news and cryptocurrency.

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