Car Insurance Victoria

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.

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

1. Bingle
2. Budget Direct
3. Youi

_{Based on clicks to active policies on this page from October 2019 - March 2020}

Compare comprehensive car insurance policies for Victoria

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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 2019 Finder Award for the Best Value Car Insurance, 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. Who it might be good for: People who want a comprehensive policy without breaking the bank.	Get Quote View details	Compare	loading Fetching your data...
Bingle Comprehensive						Market	Finder's summary: Bingle consistently come up as one of the cheaper insurers out there. They only cover the basics, so you don't get to choose your own repairer, you're not covered for personal items in the car and you won't get a hire car if your car is stolen. But this keeps their premiums low. Who it might be good for: Someone who wants a low cost option that covers them for the basics.	Get Quote View details	Compare	loading Fetching your data...
Youi Comprehensive					Optional	Agreed or Market	Finder's summary: Youi Comprehensive Car Insurance is one of the few providers to include roadside assistance in their policy. You'll also get access to YouiRewards which gives you discounts on furniture, parking and more. Youi also have a live chat feature on their 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.	Get Quote View details	Compare	loading Fetching your data...
Woolworths Comprehensive		Optional				Agreed or Market	Finder's summary: Woolworths catch our eye due to some unique perks like a price beat guarantee, where they'll beat any current comparable Comprehensive renewal notice if you're over 25. You'll also get 10% off your grocery shop once a month, and can add roadside assistance onto your policy for just $7.35 per month. Who it might be good for: Woolworths shoppers and those that want to take advantage of their Price Beat.	Get Quote View details	Compare	loading Fetching your data...
Virgin Comprehensive		Optional			Optional	Agreed or Market	Finder's summary: Finalists for the 2019 Finder Awards for Best Value Car Insurance, Virgin Comprehensive provides a good level of cover for a decent price. You'll get 15% off on your first year’s premium when you buy online and get access to their hail hero service. Plus, get a $100 e-Gift card when you purchase a new policy by 30 November 2020 (T&Cs apply). Who it might be good for: People who want a comprehensive policy that's affordable.	Get Quote View details	Compare	loading Fetching your data...
Qantas Comprehensive		Optional			Optional	Agreed or Market	Finder's summary: You'll be able to pick and choose how comprehensive you want your cover to be thanks to optional extras like roadside assistance, choice of your own repairer, and the option of agreed or market value. Plus, you'll earn Qantas Points when you join and get access to the Qantas Wellness App. Who it might be good for: People who love collecting frequent flyer points.	Get Quote View details	Compare	loading Fetching your data...
Poncho Comprehensive						Agreed	Finder's summary: Poncho works like a monthly subscription - you pay monthly and can cancel and leave at anytime. You can also list multiple cars and drivers under one policy, making it ideal for families and groups living together under one household. Who it might be good for: People who want their car insurance month-to-month.	Get Quote View details	Compare	loading Fetching your data...
Coles Comprehensive		Optional				Agreed or Market	Finder's summary: Coles have two-tiers of comprehensive car insurance to choose from. You'll earn double flybuys points at Coles supermarkets and you can get $10 off your Coles grocery bill every time you redeem 2,000 Flybuys points. If you're over 30, you can get roadside assistance free for a year. Who it might be good for: Coles customers and Flybuys collectors.	Get Quote View details	Compare	loading Fetching your data...
Stella Comprehensive		Optional				Agreed or Market	Finder's summary: Stella’s a female-focused insurer. They'll cover you if your car is damaged as a result of domestic violence. They offer higher cover for baby gear than most, with up to $2,000 cover for prams, strollers and child seats. You get a free Bauer magazine subscription when you sign up and a portion of your premiums go to supporting female-led businesses. Who it might be good for: Someone who wants a female-centred car insurance policy (they'll cover men too!).	Get Quote View details	Compare	loading Fetching your data...
Kogan Comprehensive		Optional				Agreed or Market	Finder's summary: Kogan comes with all the perks that most comprehensive car insurance policies include but you'll also be entitled to some benefits on their online store. This usually comes in the form of a gift voucher or discount if you buy online. Plus, Kogan offer a pay as you drive option, which could be good if you're not on the road that much. Who it might be good for: Kogan shoppers and those that don't drive much.	Get Quote View details	Compare	loading Fetching your data...

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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.

Overall, for the 2019 Finder Awards, Budget Direct came out on top for Best Value Car Insurance. See more about them and our methodology below.

Who came out on top nationwide?

Alexandra Koster Insurance Expert

Finder Award Winner: Budget Direct Car Insurance

Budget Direct won the 2019 Finder Award for Best Value Car Insurance because it was one of the more affordable policies on the market, whilst still providing strong coverage for your car.

Their policy boasts flood and storm cover, 24/7 phone assistance, adjustable excess, optional roadside assistance, a hire car, towing costs, and even a hail warning SMS system.

• 15%
  15% off first year's premium for new policies purchased online. T&Cs apply.
• 24/7
  24/7 roadside assistance for less than $1.60 a week

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• How did we choose this provider?

  Our 2019 Finder Awards for Best Value Car Insurance looked at 37 companies across 36 different types of drivers, where possible.

  Where possible, quotes were be obtained for 36 customer profiles, split across the following demographics:

  • 20, 30, 40, 50 or 60 years old
  • Resident of NSW, WA, QLD, VIC, SA or TAS

  The following features were taken into account:

  • Choice of repairer
  • Emergency accommodation, transport and
    repairs
  • Hire car after theft
  • Roadside assistance
  • Windscreen cover
  • New car replacement score
  • Personal effects
  • Agreed or market value
  • Key replacement
  • Accidental damage
  • Storm cover
  • Flood cover
  • Legal liability
  • Fire and theft cover
  • Adjustable excess
  • Monthly payment at no extra cost
  • Ability to claim via app
  • Ability to claim online
  • Ability to claim via phone
  • Instant claims approval
  • Availability of website chat feature
  • Availability of 24/7 phone assistance
  • Online quote availability
  • Choice of repairer

  You can read in full here

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?

Where possible, we analysed quotes from 38 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 4 types of drivers . For full methodology on our Finder Awards 2019, 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
	$891.12	Get quote
	$905.69	More info
	$909.07	Get quote

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.

Car insurance companies in Victoria

Watch: What kind of car insurance do you need?

Picture:GettyImages

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