Your guide to getting the best car insurance for you 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.
Compare car insurance for 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.
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 property||Third party property, fire and theft||Comprehensive|
|Protection for your car||No||Cover for fire damage and theft||Comprehensive 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 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.
Rounded average annual cost of comprehensive car insurance for newer vehicles in NSW
|State||Average Monthly Cost|
|New South Wales||$160.54|
- 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%.
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.