- Cost-effective for 20-year-olds
- No added excess for under-25s
- Flexible monthly policy
We used our Finder Car Insurance Awards data to determine our Editor's pick. We filtered our data to look solely at quotes for 20-year-olds. In total, we got 393 quotes from 32 comprehensive car insurance policies. At $1,059 a year, ROLLiN' had the cheapest policy on average.
We only looked at comprehensive car insurance policies and didn't look at every provider on the market. Keep in mind that what's best for you might not be for someone else. Your prices can differ based on where you live, your gender and the car you drive. Be sure to check the fine print to make sure it's the right policy for you.
Many car insurers offer sign up discounts that can translate to $100 or more in savings. Instead of auto-renewing your exisiting policy, it can be so worth shopping around and seeing what other providers can offer you. Keep in mind, a percentage discount will often be more valuable than just a cash amount discount. Take time to run the numbers.
Some insurers will be happy to negotiate on price over the phone, all you've got to do is call and tell them you're thinking of switching providers. Do some research prior so you can prove that similar products are available at a cheaper rate, if asked. This is a tried & tested tip by Finder's insurance team.
Choosing a higher excess will lower the cost of your premium. Just be aware that this is the amount you'll have to pay if you ever need to make a claim, so be sure you can afford it.
The best car insurance for a young driver is one that suits your circumstances and offers you the most value. That means the policy that's right for one person will be different from the one that's right for someone else.
Here's how to find the best policy based on your situation:
|You bought a new car or you drive an expensive one||Comprehensive insurance is likely the best level of insurance for you since it will cost you dearly if your car is totalled. It covers your car in a wide variety of situations including accidents you cause, natural disasters and uninsured drivers. Plus, if you bought your car with finance, your lender will probably require that you have comprehensive cover.|
|You have an expensive car and you drive long distances||The best policy for you would probably be a comprehensive policy, with all the options. Besides giving you the full protection of a comprehensive policy, it can also include some extra selling points such as a hire car after a bingle (if you cause the accident), sending a tow truck to you if you break down and replacing your windscreen without requiring you to pay an excess. Always check the PDS (the terms and conditions) for an insurance policy so you know exactly what's included in each one.|
|Your car isn't super expensive but you live in a high-risk area||Third party fire and theft is the best policy for someone who lives in a high-crime area or somewhere that's prone to bushfires – but doesn't need the full cover of a comprehensive policy. It'll cost you less than comprehensive insurance, but it still protects your car against fire and theft. Again, check the PDS of the insurance policy you're considering to make sure exactly what's covered and what's excluded.|
|You drive a banger||Third party property damage is probably the best cover for you if your car isn't worth much and you can afford to replace it. Third party property damage doesn't protect your car, but it does protect you if you damage other people's stuff – like their cars or property.|
|You live with your parents||If you don't mind driving your parents' car (and you drive it less than they do), the best option for you is to stay on your parents' policy so you can save some money. Make sure you don't end up committing insurance fraud though by having your parents do something called "fronting".|
Black Friday is now over, but you can still pick up stacks of Cyber Monday deals that are every bit as good.
Sharesies boasts 500,000 Kiwi customers - or one-tenth of the New Zealand population.
Is it worth spending more with Everyday Extra or Coles Plus?
Aussies are predicted to spend $30 billion this festive season. Here's 7 key tips on how you can save on gift-buying.
Access deals and discounts of up to 65% off laptops from Dell, Microsoft, HP and more in the 2023 Cyber Monday sale event.
Upgrade your home office this Cyber Monday with 35% off ergonomic standing desks from Omnidesk.
If you're looking for iPhone deals in this year's Cyber Monday sales, check out our roundup of the very best discounts around.
Can you get a red-hot deal for the red centre?
11% of us are putting our holiday shopping on plastic.
From cutting-edge gadgets to deluxe mattresses, these are the best Black Friday deals you can get over the weekend.