Price

- Cheapest comprehensive cover according to Finder Awards
- Good if you want cheap cover for the essentials
- Cover for damage to car, fire, theft and more
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.
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.
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.
Brand | Price | Apply |
---|---|---|
![]() | $1034 | Get a quote |
![]() | $1036 | More info |
![]() | $1054 | More info |
![]() | $1164 | Get a quote |
![]() | $1259 | More info |
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.
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.
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 |
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.
Gary Ross Hunter
Finder insurance and innovations editor
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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