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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

  • Everyone needs Compulsory Third Party (CTP) insurance. There are only six different insurers that offer it.
  • 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

Details Features
Comprehensive
Comprehensive
Low-cost, straightforward car insurance aimed at safe drivers
  • Costs of towing and storage
  • Lifetime guarantee on all repairs
  • Emergency repairs, travel and accommodation
  • Optional zero-excess cover for windscreen and window glass
Get Quote More info
Comprehensive
Comprehensive
15% discount for comprehensive policies purchased online
  • New-for-old replacement
  • Trailer damage up to $1,000
  • Up to $500 for personal effects damaged in collision
  • Discounts for restricting policy to drivers of a certain age and over
Get Quote More info
Comprehensive
Comprehensive
Buy online and save up to 10%. Price-beat guarantee for drivers aged over 25
  • Essential repairs and towing costs up to $500
  • Loss or damage while your car is in transit
  • Cover can be increased or reduced at any time if your circumstances change
  • Optional extras: roadside assistance, excess-free windscreen cover and hire car
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Comprehensive
Comprehensive
24/7 roadside assistance included in your comprehensive policy
  • Emergency fuel, replacement of flat tyre and battery service
  • Modifications like personalised plates, towbar and tinting covered
  • $1,500 to cover the cost of counselling sessions after a claim
  • Cover for work equipment carried inside vehicle and contents of caravan
Get Quote More info
Comprehensive
Comprehensive
Save up to 10% when you buy online (T&Cs apply). Pay by the month at no extra cost.
  • Cover for accidents, fire, storms, theft, and damage to car
  • New car replacement in first 24 months
  • Guarantee on repairs for approved repairers
  • Up to $1000 lock and key replacement cover
Get Quote More info
Price Saver (Comprehensive)
Price Saver (Comprehensive)
Save 15% when purchasing online. Eligible customers can receive 5,000 Velocity Frequent Flyer points before 31 December 2017
  • New-for-old replacement
  • Receive an alert by SMS if hail is predicted
  • Personal effects up to $500 after collision and theft
  • Optional 24/7 roadside assistance
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Comprehensive
Comprehensive
Premium product, without the premium price
  • Up to $20m in legal liability cover, plus protection for your car
  • Discount options for low km’s driven
  • New for old car replacement
  • No fees for monthly payments of policy cancellations
Get Quote More info
Comprehensive
Comprehensive
Buy online and save up to 10% on your policy
  • $25,000 cover for accidental death
  • $500 cover for emergency repairs
  • Cover for legal costs
  • Temporary cover on replacement vehicle - 14 days
Get Quote More info
Comprehensive - Elegant Cover
Comprehensive - Elegant Cover
Save up to 20% when you buy online
  • Up to $500 for personal effects damaged in a collision
  • Cover for modifications and accessories
  • Loss or damage while your car is in transit
  • Option of full reimbursement for replacing windscreen and window glass
Get Quote More info

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%.

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.

Dodo

Simplicity and value, with exceptional customer service no matter which policy you choose, remain the focus of Dodo car insurance. Policies come with features to suit your price range, delivering a wide variety of cover with comprehensive policies and cost-effectiveness with more basic policy types. The availability of optional benefits is also dependent on your policy type, helping keep costs down and saving more time when signing up.

Dodo car insurance is the right option if you’re looking for simplicity and affordable options in your policy.

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.au, comparing products, writing guides, sniffing out deals and looking for new ways to help people get the most out of their money.

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