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Compare car insurance in Victoria
According to 2023 Finder Awards research, the average cost of a comprehensive car insurance policy in Victoria is $1,677. Keep in mind, this is an average cost based on a number of different driver profiles with VIC based postcodes. Your cost will differ based on your personal circumstances such as age, gender, car, location and driving history.
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Top pick for price: Bingle
What we like about Bingle:
Bingle typically offers the cheapest comprehensive car insurance in Victoria, according to the 2023 Finder Awards research. Out of the 30+ insurers we researched, it had an average cost of $1,034. That's $643 less per year than average.
It covers you for damage to your own car including fires, theft, floods and accidents, as well as accidental damage to other people's cars and property.
Look elsewhere if you want lots of inclusions. Bingle is cheap because it doesn't go in for extra inclusions such as new for old car replacement, hire car cover and windscreen damage replacement.
Bingle is online-only and has received some negative customer reviews for poor customer service and communication.
We selected Bingle because it was the cheapest comprehensive car insurer out of the 30+ brands we got quotes for. We collected 180+ quotes (1100+ in total across all major states) in Victoria for multiple different driver profiles (e.g. a 20-year-old female in Vic, a 20-year-old male in Vic and so on). The car model we used for all quotes was a 2018 Toyota Corolla Ascent 4 Door Sedan.
Bingle was the cheapest policy on average.
Top pick for value: Hume Bank
What we like about Hume Bank:
Its comprehensive policy came third-place in the Finder Awards for value nationally and first place in Victoria. Our rating system is based on a split of price and features.
Hume Bank's policies are issued by Allianz – one of Australia's most well-known and trusted insurers. Its comprehensive policy covers the essentials, including accidental damage and weather events. It also lets you choose your own repairer.
It's not the cheapest policy. Budget Direct, Bingle and ROLLiN' are typically cheaper.
Look elsewhere if you want roadside assistance. Hume Bank doesn't offer this automatically.
We picked Hume Bank because it came out on top in the value and features Finder award categories when we filtered to look solely at Victoria. To determine our winners for Victoria, we got 186 quotes for 30+ eligible comprehensive car insurance policies.
Our experts then researched and rated 20 different features. The final score for the best value winner was based on a 50:50 split of the price and features score. The comprehensive score was based on a 30:70 split of the price and features score.
Who has the best car insurance in Victoria?
According to the 2023 Finder Awards, the best comprehensive car insurance in Victoria is Hume Bank and Bingle. Hume Bank came out on top in our value category. Bingle was the the cheapest policy on average.
To get the average cost, we got 180+ quotes from over 30 car insurance providers. We also rated 20 different car insurance features such as storm damage, flood cover, towing, windscreen damage and key replacement.
Keep in mind, we only looked at comprehensive car insurance policies as part of the Finder Awards. Remember, what's best for you will differ from person to person so it's always best to do your research.
Who has the cheapest car insurance in Victoria?
The cheapest comprehensive car insurance in Victoria is Bingle, according to 2023 Finder Awards research. Out of the 30+ insurers, it had an average cost of $1,034 per year. That's $643 less per year than average. Our methodology only looked at comprehensive car insurance policies.
The average cost of comprehensive car insurance in Victoria was $1,677 per year, according to 2023 Finder Awards research.
This was the average of 186 quotes across 31 insurers for a 2018 Toyota Corolla Ascent 4 Door Sedan. However, prices differ a lot depending on your age. For example, a policy for a 20-year old male cost an average of $2,646 per year.
Your prices will differ too but our extensive research can give you an idea of how much you might pay. Factors such as the car you own, your driving history, age and where you park at night also impact your premiums.
Compulsory third party insurance in VIC
In Victoria, you pay for your rego and CTP together. The Transport Accident Commission (TAC) is the only insurer under the scheme so you can't shop around for different insurers.
What's included in car insurance in Victoria?
Car insurance benefits
CTP/Green Slip
Third party property damage
Third party fire and theft
Comprehensive
Damage to your own vehicle
No
No
No
Yes
Damage to someone else's vehicle (third party property)
No
Yes (for example, up to $20 million)
Yes (for example, up to $20 million)
Yes (for example, up to $20 million)
Weather events (storm, flood, hail)
No
No
No
Yes
Theft
No
No
Yes
Yes
Hire car after theft
No
Sometimes optional
Sometimes optional
Yes (for example, $70 per day for 14 days)
Fire
No
No
Yes
Yes
Personal effects
No
No
No
Yes (for example, up to $1,000)
Emergency transport/accommodation
No
No
No
Yes (for example, $100 per day, $900 in total)
Towing
No
Sometimes optional
Sometimes optional
Yes
Key replacement
No
No
No
Yes (for example, up to $1,000)
Death benefit
No
Yes
Yes
Yes
Legal liability for injuries or death to other people
Yes
No
No
No
Expert's take: How to find cheap car insurance in VIC
The simplest way to save on your car insurance is to compare a range of quotes – ideally at least 4. Don't just let your policy renew automatically. Insurers tend to increase prices every year so it's definitely worth shopping around. In the recent Finder Awards for example, we found a difference of $1,456 between the cheapest and most expensive comprehensive car insurance policy.
You pay the same as buying directly from the car insurer. Better still, we regularly run exclusive deals that you won't find on any other site – plus, our tables make it easy to compare policies.
We're experts
Our team of car insurance experts have researched and rated dozens of policies as part of our Finder Awards and published 330+ guides to make it easier for you to compare.
We're independent
Unlike other comparison sites, we're not owned by an insurer. That means our opinions are our own and we work with lots of car insurance brands, making it easier for you to find a good deal.
We're here to help
Since 2014, we've helped 300,000+ people find car insurance by explaining your cover options, simply and clearly. We'll never ask for your number or email. We're here to help you make a decision.
Frequently asked questions
You're required to have Compulsory Third Party (CTP) insurance in Victoria. You can get this when you register your vehicle via the Transport Accident Commission (TAC).
The best car insurance in Victoria depends on your needs and budget. However, the top ranking policies in Victoria for value and price were Hume Bank and Bingle, according to 2023 Finder Award research.
Gary Ross Hunter is an editor at Finder, specialising in insurance. He’s been writing about life, travel, home, car, pet and health insurance for over 6 years and regularly appears as an insurance expert in publications including The Sydney Morning Herald, news.com.au, The Telegraph, Explore Travel and Escape. Gary holds a Kaplan Tier 1 General Insurance (General Advice) certification and a Kaplan Tier 1 Generic Knowledge certification which meets the requirements of ASIC Regulatory Guide 146 (RG146).
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?
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.
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?
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.
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?
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:
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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?
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
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?
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
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
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
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?
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