Compare car insurance Victoria

Stuck on who to choose? The 3 most popular car insurers for Victorians on Finder are:

1. Budget Direct

2. Coles

3. Youi

_{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.

• 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

Brand	Price	Apply
	$872	More info
	$1,023	Get quote
	$1,130	Get 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:

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