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 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.
Compare comprehensive car insurance policies for Victoria
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 property | Third party property, fire and theft | Comprehensive | |
|---|---|---|---|
| Personal liability |
|
|
|
| Protection for your car |
|
|
|
- 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 personas .
We also analysed how costs for insurance fare in Victoria in comparison to other states. Unfortunately, it's on the higher end of the spectrum. To make sure you're not getting ripped off, compare quotes from a bunch of providers and don't be afraid to switch.
| State | Average Monthly Cost |
|---|---|
| Victoria | $161.86 |
| Queensland | $113.68 |
| South Australia | $118.39 |
| Western Australia | $107.25 |
| New South Wales | $160.54 |
| Tasmania | $127.51 |
| Average | $132.34 |
- Stamp duty: Different financial services are taxed at different levels around Australia. In Melbourne and the rest of Victoria alike, the stamp duty tax is 10% of premiums paid, which is typically added to the cost.
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 VIC
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
- Hume City (944)
- Greater Geelong (831)
- Casey City (686)
- Darebin (674)
- 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.
What car insurers can I access in Victoria?
The finder.com.au car insurance panel lets you compare options from some of the nation’s top insurers, including:
Get the latest car insurance news
The ACT’s proposed CTP scheme would cover at-fault drivers
More people will be covered but fewer benefits will be paid out under the controversial proposal. Read more…
Car insurance add-ons sold at the car-yard could become a thing of the past
Car insurers and their dealership accomplices are under the microscope for selling junk car insurance. Read more…
Australians’ cars are getting dinged up like crazy
Many of the accidents wouldn't be covered unless the owner had insurance. Read more…
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:
Comprehensive Car Insurance
Car Insurance Finder
Please click the name of your preferred insurance to find out the details. You may then click the green “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:
Bingle Car Insurance
Bingle Comprehensive Car Insurance
Please click on the green ‘Get Quote’ button to get in contact with them and it will direct you to their official site.
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.
All the best,
Zubair