Car Insurance Victoria

With nearly 25,000 crashes in Victoria every year, car insurance is a must.

Car insurance protects your ride from a bunch of hazards Victorians face every day: the trams that come out of nowhere, the aggressive city driver who rear-ends you, the poor roo who makes a mess of your scenic drive and the clueless tourist who still can’t figure out what side of the road to drive on. On top of all that, you’re covered for weather damage, theft and even traffic accidents you cause.

The 3 cheapest insurers for Victorians on our panel are:

1. Bingle
2. Virgin Money
3. Budget Direct

_{Based on our analysis of 38 car insurance companies for 4 drivers of different ages and gender.}

Compare comprehensive car insurance policies for Victoria

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Name	Product	New Car Replacement	Pay monthly at no extra cost	Choice of repairer	Roadside Assistance	Hire car after theft	Personal effects
Bingle Comprehensive		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	$0	Save 24% on your policy if you've been claim free for 3 years.	Get Quote View details	Compare	loading Fetching your data...
Huddle Comprehensive		Yes - If your car is written off in the first 2 years	No	No	Optional	Yes - Up to $70 per day (Max 14 days)	$500	Transforms your driving so it's 100% carbon neutral.	Get Quote View details	Compare	loading Fetching your data...
Youi Comprehensive		Yes - If your car is written off or stolen in the first 2 years	No	Yes	Yes	Yes - Reasonable costs (Max 14 days)	$750	Emergency roadside assistance included in Comprehensive policies.	Get Quote View details	Compare	loading Fetching your data...
Real Comprehensive		Yes - If your car is written off in the first 2 years	No	No	Optional	Yes - Up to $70 per day (Max 14 days)	$500	Save up to 10% when you buy online.	Get Quote View details	Compare	loading Fetching your data...
Budget Direct Comprehensive		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)	$250	Buy online and save 15%.	Get Quote View details	Compare	loading Fetching your data...
Virgin Comprehensive		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)	$500	Save 15% when purchasing online. Plus receive up to 20,000 Velocity Points when purchasing a new eligible policy by 1 April 2019. Min 6 months policy and T&CS apply.	Get Quote View details	Compare	loading Fetching your data...
AI Comprehensive		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)	$500	Save up to 20% on car insurance when you purchase cover online.	Get Quote View details	Compare	loading Fetching your data...

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What types of car insurance can I get in Victoria?

CTP is included whenever you register a vehicle in Victoria, or renew the registration. It protects you from the cost of medical expenses incurred by accidents, but not the cost of the damage to other cars or property. This is where the other types of car insurance come in. Select a cover option that strikes a suitable balance between cost and protection.

• Personal liability: Personal liability expenses result from damage to cars or other property in an accident. Any type of car insurance with personal liability cover will include cover for this.
• Protection for your car: Different policies will deliver various levels of protection. Third party property will cover personal liability expenses, while third party property with fire and theft will also cover you from costs associated with vehicle fires or theft. Comprehensive cover, meanwhile, delivers a wide range of protection from a number of different hazards that might befall your car.

How much does car insurance cost in Victoria?

Car insurance in VIC is priced according to a similar range of factors as in the rest of Australia. The more likely you are to make a claim, the higher your premiums will be. This includes factors such as age, gender, how safe a driver you are and whether your type of car is more or less likely to be stolen than most.

We analysed quotes from 38 car insurance companies and found the average cost for a comprehensive car insurance policy in Victoria for 4 types of driver. .

What affects the cost of car insurance in Melbourne and other parts of Victoria?

The cost of car insurance is dependent on a wide range of factors, including:

• The make and model of your car
• The type of car insurance policy you choose
• Your age and gender
• Your location

Generally, your premiums are a reflection of the risk levels in your area. In Melbourne, for example, you're probably more at risk of other drivers than you would be in rural Victoria. Conversely, you might be more likely to hit a kangaroo in the latter.

Other drivers can also be hazards, and drivers in Victoria might be particularly prone to risky behaviour behind the wheel compared to those in other states.

Different insurers assess risks in different ways, so it can pay to shop around and get quotes from a range of different insurers to make sure you've found cover that works for you. The cheapest car insurance in Melbourne might be with a different insurer than the cheapest car insurance in regional VIC, and different individuals are also likely to get different quotes from assorted providers.

Getting car insurance quotes is generally the easiest way to find out how much car insurance will cost for you. A good first step might be to consider whether you can use some of the more specialised types of car insurance.

How to find cheaper car insurance in Victoria

In Melbourne and beyond, there are a similar range of steps you can take that might help lower the cost of your car insurance.

• Reconsider your cover needs. If you have an old or beat-up car, it might not need comprehensive cover.
• Look for online discounts. Simply by buying online you can find significantly cheaper car insurance.
• Increase your excess. A higher excess can significantly reduce your car insurance premiums.
• Check your car insurance options. There are a range of options to choose form, such as excess-free windscreen and glass replacements. They might raise costs however, so you may want to look for cover that doesn't automatically include it.
• Shop around. If your car insurance premiums are increasing, there might be a better option somewhere else. It might be worth switching car insurance instead of renewing.

Victoria car theft statistics

According to the National Motor Vehicle Theft Reduction Council (NMVTRC), motorists in Victoria are most likely to experience car crime than any other area. 29% of national total car thefts occur in Victoria.

There were 15,332 vehicles stolen in 2017. Compared with 2016, the number of thefts decreased 22% but remains 25% above 2013 levels. For every 1,000 cars registered, three will be stolen. Police recovered 70% of the stolen vehicles.

The top five crime areas are

1. Hume City (944)
2. Greater Geelong (831)
3. Casey City (686)
4. Darebin (674)
5. Whittlesea (659)

The most stolen vehicles in the state are

• The Nissan Pulsar N15, production years 1995-2000.
• The Holden Commodore VE made between 2006 - 2013
• The 2000 - 2002 Holden Commodore VX.

Drivers should be particularly vigilant on Fridays from 16:00 to 19:59 as thieves stole 712 cars during this period.

Car insurance companies in Victoria

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