Compare car insurance Victoria

Find and compare insurance options in seconds to find the best car insurance in Victoria for your vehicle.

Budget Direct Comprehensive

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*First year's premium for a new policy. T&Cs apply.

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Compare car insurance policies for Victoria

Car insurance in Victoria protects your ride from a bunch of hazards you might face every day like the trams that come out of nowhere or the aggressive city driver who rear-ends you. On top of that, you're covered for weather damage, theft and even traffic accidents you cause.

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 2021 Finder Award for Car Insurance - Value in QLD, SA, TAS, VIC, WA and Car Insurance - Features in NSW, VIC, WA, 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.

⭐ Current offer: Get 15% discount on first year's premium when you take out a policy online. T&Cs apply.

Who it might be good for: People who want a comprehensive policy without breaking the bank.
Virgin Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: Finalists for the 2021 Finder Awards for Best Car Insurance - Value in VIC, QLD, SA, WA and TAS, Virgin Comprehensive provides a good level of cover for a decent price.

⭐ Current offer: Get 15% off on your first year’s premium when you purchase a new eligible comprehensive car insurance online. T&Cs apply.

Who it might be good for: People who'd like to manage their policy online 24/7.
Qantas Comprehensive
Optional
Optional
Agreed or Market
Finder's summary: You'll be able to choose how comprehensive you want your cover to be with optional extras like choice of repairer and the option of agreed or market value.

⭐ Current offer: Earn Qantas Points for joining and paying your premium. Sign up today and earn up to 20,000 Qantas Points (points awarded will be based on your premium). T&Cs and eligibility apply.

Who it might be good for: People who'd like to earn Qantas Points.
Bingle Comprehensive
Market
Finder's summary:Bingle consistently comes up as one of the cheaper insurers out there. It only covers the basics. You don't get to choose your own repairer, you're not covered for personal items in the car and unless you add it as an option, you won't get a hire car if your car is stolen. But this keeps its premiums low.

Who it might be good for: Someone who wants a low-cost option that covers them for the basics.
QBE Comprehensive
Green Company
QBE Comprehensive
Optional
Agreed or Market
Finder's summary: QBE is a sustainable insurance company and also Finder's Green Insurer of the Year 2021 award winner. This policy offers the highest level of protection available from QBE including three-year new car replacement.

⭐ Current offer: Save $75 when you purchase a new comprehensive policy online. T&Cs apply.

Who it might be good for: Those that are looking for a more environmentally friendly insurance choice.
ahm Comprehensive
Optional
Both
Finder’s summary: ahm comprehensive car insurance lets you choose higher excess to reduce your premiums. Its Fixed Kilometre Plan can save you up to 30% compared to its standard comprehensive cover.

⭐ Current offer: Get up to 15% off when you purchase a new car insurance policy. T&Cs apply.

Who it might be good for: People who drive less than 15,000 km per year.
Australia Post Comprehensive
Optional
Agreed or Market
Finder's summary: Australia Post car insurance offers comprehensive cover for things like theft, fire, new for old replacement and emergency accommodation and transport. Cover also extends to anyone who uses your car, not just you.

⭐ Current offer: Get $75 off your first year’s premium when you buy online. T&Cs apply.

Who it might be good for: If multiple people use the one car and you don’t want to worry about listing all drivers.
Huddle Black Comprehensive
Agreed or Market
Finder's summary: Huddle's black comprehensive is its cover with highest limits and exclusive benefits. It includes roadside assistance. You can also get up to $2,000 for emergency travel and accommodation and up to $30 million legal liability cover.

Who it might be good for: Someone who wants a 24/7 claims processing.
Youi Comprehensive
Optional
Agreed or Market
Finder's summary: Youi Comprehensive Car Insurance is one of the few providers to include roadside assistance in its policy. You'll also get access to YouiRewards which gives you discounts on furniture, parking and more. Youi also has a live chat feature on its 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.
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Compare up to 4 providers

Stuck on who to choose? The 3 most popular car insurers for Victorians on Finder are:
1. Budget Direct
2. Youi
3. Bingle
Based on clicks to active policies on this page from March 2021 - September 2021

Updated September 2021

Who has the best car insurance in Victoria?

There's no set best car insurance in Victoria (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.

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.

Third party propertyThird party property, fire and theftComprehensive
Personal liability
  • Yes
  • Yes
  • Yes
Protection for your car
  • No
  • Cover for fire damage and theft
  • Comprehensive protection from many forms of damage
  • 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.

Who has the cheapest car insurance in Victoria?

For our 2021 Finder Awards, we analysed quotes from 35 car insurance companies where possible and found the 3 cheapest car insurance providers based on their average cost for a comprehensive car insurance policy in Victoria. For full methodology, head here.

Keep in mind that there's no set cheapest car insurer, and that your costs are highly dependent on your own individual circumstances. Car insurance in Victoria 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.

Here are the 3 cheapest insurers in Victoria according to our criteria

BrandPriceApply
Bingle logo$872Get quote
Budget Direct Logo$1,023Get quote
Virgin Money$1,130Get quote

How CTP insurance works in Victoria

Victoria’s compulsory third party (CTP) insurance scheme is administered by the Transport Accident Commission (TAC).

CTP is the type of car insurance that pays for injuries on the roads. It’s mandatory all over Australia, but works differently in each state.

CTP is an insurance policy that’s paid for when you register a car in Australia.

If you’ve been in a road accident, you can contact TAC. It’s a no fault scheme, designed to compensate injured parties regardless of who is found to be responsible for an accident.

It can pay for necessary:

  • Ambulance, hospital and nursing services
  • Treatment and support for severely injured or disabled people
  • Rehabilitation services
  • Medical services
  • Therapy services
  • Household and community support services
  • Medical and equipment
  • Travel expenses for the purposes of receiving necessary treatments
  • Compensation for loss of income
  • Lump sum compensation

Generally, the idea to make sure that anyone who’s injured in a road accident is able to access the full range of medical treatments, compensation and support services they need, for anything that’s related to injuries they sustained in their accidents.

A portion of your car registration fees go towards paying for this, while a significant portion also go towards road safety campaigns. After all, the prevention’s better than the cure.

What does CTP insurance not cover?

It does not cover anything not related to injuries suffered in a road accident, or anything that will not help you.

But within those strict boundaries, it can pay for a wide range of things.

Do I need any other cover?

CTP insurance is mandatory, and automatically gotten with vehicle registration.

But it does not cover any kind of damage to your vehicle, or your liability for damage to another person’s property.

For that, you will need comprehensive car insurance, or third party property damage car insurance.

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. Be sure to check the product disclosure statement (PDS) on the provider page to help you make the right choice.

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.

Picture:GettyImages

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    8 Responses

      Default Gravatar
      suApril 18, 2018

      I moved 1 street, same suburb, car insurance advised additional $150 and $130 for each car payable for remaining 6 and 8 months of premium. I asked why this happens when in same suburb, reply was number of claims for actual address taken into account. I am being insured as the driver with my own unblemished history, not past tenants of a property, why is more than suburb considered? or is this just discrimination for rental property as cannot control what other drivers claim or how they drive?

        Default Gravatar
        NikkiApril 18, 2018

        Hi Su

        Hi there, this is Nikki. Welcome to finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?

        I’m sorry to hear about this. I can see your frustration. As much as we want to assist you on this, you’d have to check the terms and conditions on your insurance policy as this may suggest if your address would affect any claims / payables in premiums.

        Please note that we’re a product comparison website and we hold no affiliation with any company we feature on our site. We provide general information on products to assist you in your buying decision process hence we cannot recommend product / service that is rightfully fit for you.

        Hope this helps! Feel free to message us anytime should you have further questions.

        Cheers,
        Nikki

      Default Gravatar
      PeterJune 25, 2017

      I’m looking at buying comprehensive car insurance for my 23yo daughter – car previously insured in my name – I’m finding the quotes from Bingle to be $200-$400 cheaper that other insurance companies.
      Am I missing something or are they really that much cheaper?

        Avatarfinder Customer Care
        RenchJune 25, 2017Staff

        Hi Peter,

        Thanks for reaching out to us. Please note that we are not affiliated with any company we feature on our site and so we can only offer you general advice.

        You can check these pages also for helpful information and you may compare your options:

        Please click the name of your preferred insurance to find out the details. You may then select the “Get Quote” button to direct you to their official site and get a quote from them.

        Hope this information helped.

        Best regards,
        Rench

        Default Gravatar
        PeterJune 25, 2017

        Hi,
        I think you misunderstood my question. I have done all the comparisons and obtained quotes and as best as i can, i have tried to apply the same criteria to each quote. They are all much the same price, between $1100 and $1400 with the exception of Bingle. The Bingle quote, depending in the variable excess, is around $830 – $950, roughly $200-$400 cheaper than the others.
        I have been through the pds for Bingle and it appears to be no different to the other companies so i was wondering, with your experience, whether you know of any reason why Bingle is substantially cheaper?

        Thanks,
        Peter

        Avatarfinder Customer Care
        RenchJune 25, 2017Staff

        Hi Peter,

        Thank you for clarifying that.

        I understand. Bingle car insurance is issued by AAI Limited, which is part of the Suncorp Group. They are one of the company car insurances that we feature on our site. There is no need to worry. The fact that they are cheaper than others, that is one of their plus points to car insurance seekers. You may check more info on these page reviews:

        Be sure to read through the terms, conditions, and features of the policies you’re interested to ensure you’re getting the right one for you.

        I hope this helps.

        Best regards,
        Rench

      Default Gravatar
      MandyMarch 22, 2017

      I love all the options displayed but looking for comprehensive with road side assistance in all states. Can I have this as an add on option?

        Avatarfinder Customer Care
        ZubairMarch 27, 2017Staff

        Hi Mandy,

        finder.com.au is a comparison and information service and not actually an insurer.

        The table on our comprehensive car insurance page lists some of the insurers in our panel who provide cover for 24/7 roadside assistance.

        You can also get in touch with your chosen insurer directly and confirm if they can provide the cover you’re looking for.

        All the best,
        Zubair

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