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Car Insurance NSW

Whether you're bumper to bumper in the Sydney CBD or cruising the backroads of the coast, you could be just one crash away from a really bad day.

Updated

Fact checked
Aerial view of sydney

We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .

Rear-end collisions were the number one cause of accidents in NSW last year. Car insurance can help you (and your wallet) if you're the unlucky person that crashes into a brand-new Mercedes.

Car insurance can cover you for a bunch of things like storms, theft, rogue shopping trolleys, and accidents, plus more. It just makes sense, especially in New South Wales.

Stuck on who to choose? The 3 most popular car insurers for NSW on Finder are:
1. Bingle
2. Budget Direct
3. Youi
Based on clicks to active policies on this page from October 2019 - March 2020

Find car insurance in NSW

Comprehensive car insurance is the only policy type that offers real, proper cover for your car.
Name Product Roadside Assistance Accidental Damage Storm Choice of Repairer Agreed or Market Value
Budget Direct Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Awarded the 2019 Finder Award for the Best Value Car Insurance, this policy offers solid coverage at a low cost. Budget Direct’s claims service has received a 4.2/5 based on nearly 5,000 customer reviews.

Who it might be good for: People who want a comprehensive policy without breaking the bank.
Bingle Comprehensive
Market
Finder's summary: Bingle consistently come up as one of the cheaper insurers out there. They only cover the basics, so you don't get to choose your own repairer, you're not covered for personal items in the car and you won't get a hire car if your car is stolen. But this keeps their premiums low.

Who it might be good for: Someone who wants a low cost option that covers them for the basics.
Youi Comprehensive
Optional
Agreed or Market
Finder's summary: Youi Comprehensive Car Insurance is one of the few providers to include roadside assistance in their policy. You'll also get access to YouiRewards which gives you discounts on furniture, parking and more. Youi also have a live chat feature on their site to talk through any questions.

Who it might be good for: People over 25 who want comprehensive cover with a focus on customer service.
Virgin Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Finalists for the 2019 Finder Awards for Best Value Car Insurance, Virgin Comprehensive provides a good level of cover for a decent price. You'll get 15% off on your first year’s premium when you buy online and get access to their hail hero service. Plus, get a $100 e-Gift card when you purchase a new policy by 30 November 2020 (T&Cs apply).

Who it might be good for: People who want a comprehensive policy that's affordable.
Qantas Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: You'll be able to pick and choose how comprehensive you want your cover to be thanks to optional extras like roadside assistance, choice of your own repairer, and the option of agreed or market value. Plus, you'll earn Qantas Points when you join and get access to the Qantas Wellness App.

Who it might be good for: People who love collecting frequent flyer points.
Poncho Comprehensive
Agreed
Finder's summary: Poncho works like a monthly subscription - you pay monthly and can cancel and leave at anytime. You can also list multiple cars and drivers under one policy, making it ideal for families and groups living together under one household.

Who it might be good for: People who want their car insurance month-to-month.
Coles Comprehensive
Optional
Agreed or Market
Finder's summary: Coles have two-tiers of comprehensive car insurance to choose from. You'll earn double flybuys points at Coles supermarkets and you can get $10 off your Coles grocery bill every time you redeem 2,000 Flybuys points. If you're over 30, you can get roadside assistance free for a year.

Who it might be good for: Coles customers and Flybuys collectors.
Real Comprehensive
Optional
Agreed or Market
Finder's summary: Real Comprehensive Car Insurance provides similar coverage to other insurers for the important stuff like looking after your car if it's stolen or you crash. They're also one of the few insurers who offer a Pay As You Drive policy, so you might be able to save big if you don't drive much.

Who it might be good for: Those that don't drive much can take advantage of their Pay As You Drive policy.
Stella Comprehensive
Optional
Agreed or Market
Finder's summary: Stella’s a female-focused insurer. They'll cover you if your car is damaged as a result of domestic violence. They offer higher cover for baby gear than most, with up to $2,000 cover for prams, strollers and child seats. You get a free Bauer magazine subscription when you sign up and a portion of your premiums go to supporting female-led businesses.

Who it might be good for: Someone who wants a female-centred car insurance policy (they'll cover men too!).
Kogan Comprehensive
Optional
Agreed or Market
Finder's summary: Kogan comes with all the perks that most comprehensive car insurance policies include but you'll also be entitled to some benefits on their online store. This usually comes in the form of a gift voucher or discount if you buy online. Plus, Kogan offer a pay as you drive option, which could be good if you're not on the road that much.

Who it might be good for: Kogan shoppers and those that don't drive much.
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Third party fire and theft will cover you if your car is stolen or is damaged by fire. You'll also be covered for third party damages if you smash into someone else's car or property.
Name Product Fire and Theft Roadside Assistance Personal Effects Accidental Damage Choice of Repairer
Budget Direct Third Party Fire and Theft
Optional
$0
Save 15% on your first year's premium when you purchase a new policy online. T&Cs apply.
Youi Third Party Fire and Theft
$750
Optional
Emergency roadside assistance included in Comprehensive policies.
Virgin Third Party Fire and Theft
Optional
$0
Grab a $100 e-Gift card when you purchase a new eligible Virgin Car Insurance policy by 30 November 2020. Purchase online and you'll also save 15% on your first year’s premium. T&Cs Apply.
Qantas Third Party Property, Fire and Theft
Optional
$0
Earn Qantas Points when you sign up. T&Cs apply.
Coles Third Party Fire and Theft
Optional
$0
Save 10% when you buy online. T&Cs apply.
Real Third Party Fire and Theft
Optional
$500
Save up to 10% when you buy online.
Kogan Third Party Property, Fire & Theft
Optional
$500
Save up to 10% when you buy online.
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This is generally the cheapest car insurance type, but will only cover third party damages if you smash into someone else's car or property.
Name Product Damage to your Car Damage to Other People's Car Pay Monthly At No Extra Cost Legal Liability
Budget Direct Third Party Property Damage
$20,000,000
Save 15% on your first year's premium when you purchase a new policy online. T&Cs apply.
Bingle Third Party Property Damage
$20,000,000
Youi Third Party Property Damage
$20,000,000
Emergency roadside assistance included in Comprehensive policies.
Virgin Third Party Property Damage
$20,000,000
Grab a $100 e-Gift card when you purchase a new eligible Virgin Car Insurance policy by 30 November 2020. Purchase online and you'll also save 15% on your first year’s premium. T&Cs Apply.
Qantas Third Party Property Only
$20,000,000
Earn Qantas Points when you sign up. T&Cs apply.
Coles Third Party Property Damage
$20,000,000
Save 10% when you buy online. T&Cs apply.
Real Third Party Property Damage
$20,000,000
Save up to 10% when you buy online.
Kogan Third Party Property Damage
$20,000,000
Save up to 10% when you buy online.
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Who has the cheapest car insurance in New South Wales

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. For this reason, there's no universally cheapest car insurer in New South Wales, as the cost will depend on your own circumstances.

  • New South Wales is one of the most expensive states 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.

Where possible, we analysed quotes from 38 car insurance companies where possible and found the 3 cheapest providers based on their average cost for a comprehensive car insurance policy in New South Wales for 4 personas . For full methodology on our Finder Awards 2019, head here.

Here are the 3 cheapest insurers in New South Wales according to our criteria

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. To make sure the product is suitable for you, always check the product disclosure statement (PDS).

BrandPriceApply
Bingle$724.46Get quote
Coles$884.29More info
Budget Direct$909.74Get quote

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.

Who's got the best car insurance in New South Wales?

There's no set best car insurance in NSW (or even in Australia!) as your own circumstances will influence what policy is right for you. Before you sign along the dotted line, don't just consider the cost of your policy, but also what you're actually covered for and what you think you'll need. Some examples include roadside assistance, new car replacement, a choice of repairer, and whether agreed or market value is available, amongst others.

Overall, for the 2019 Finder Awards, Budget Direct came out on top for Best Value Car Insurance. See more about them and our methodology below.

Who came out on top nationwide?

Alexandra Koster Insurance Expert

Finder Award Winner: Budget Direct Car Insurance

Budget Direct won the 2019 Finder Award for Best Value Car Insurance because it was one of the more affordable policies on the market, whilst still providing strong coverage for your car.

Their policy boasts flood and storm cover, 24/7 phone assistance, adjustable excess, optional roadside assistance, a hire car, towing costs, and even a hail warning SMS system.

  • 15%
    15% off first year's premium for new policies purchased online. T&Cs apply.
  • 24/7
    24/7 roadside assistance for less than $1.60 a week
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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.

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.


Watch: What type of car insurance is right for you?


Picture: GettyImages

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