First up, here are some key things you should know about car insurance in Queensland:
Your compulsory third party insurance is included in your registration. If your car is registered, then you already have CTP. If your car is unregistered, you will need to purchase CTP before you can register it. Read more about purchasing CTP in Queensland.
Queensland-specific insurers, such as RACQ, aren't always cheaper or better than those who cover all of Australia. We'd suggest looking at at least 3-5 other car insurance providers to understand what's out there. We can help you with that!
Best car insurance Queensland
There are a few ways to break down what the best car insurance looks like for Queenslanders. We'll start by looking at a few comprehensive car insurance policies. If you're after third party policies, that's further below.
Top 3 comprehensive car insurance policies for Queenslanders
To find our top 3 policies, we've assessed policies by:
Value: This looks at policies with great value for money. These policies have thorough coverage with generous benefit limits but remain well priced.
Low-cost: This looks at policies with the cheapest quotes. If it's cheap for a reason you should know about, we'll tell you.
Features: This looks at policies with all the bells and whistles. It's for those who care more about what the policy can offer, and have more room in the budget for a higher coverage policy.
Best value car insurance in Queensland: Budget Direct
What we like about Budget Direct
Budget Direct offers comparatively low pricing for Queenslanders; we researched 32 providers and it was in the top 5 cheapest. On average, a comprehensive policy from Budget Direct costs $941 — that's over $300 cheaper than the Queensland average of $1,274.
Its comprehensive insurance offers a lot of the same features as more expensive policies. As well as covering damages to your vehicle, it covers $500 for your personal items if they're stolen from your vehicle – it pays a further $500 in cover for baby seats. It also offers new car replacement if yours is written off within the first 2 years.
While it's a cheap option, it's not the cheapest of our research. RoLLiN' and Bingle car insurance both came in cheaper.
RoLLiN' offers comparatively low pricing for Queenslanders; we researched 32 providers and it was the cheapest of them all. On average, a comprehensive policy from RoLLiN' costs $843. For context, the average policy in Queensland costs around $1,274.
RoLLiN' is backed by NRMA, meaning drivers have access to the whole NRMA repair network.
RoLLiN's policy is paid for monthly and each month the premium is recalculated. This means it can be more or less expensive than the month prior and can be hard to budget for the longer term.
Hume Bank won the 2024 Finder Award for features because it has thorough coverage with higher than average benefit limits, yet it remains comparatively affordable.
It covers everything you'd expect plus a bit more. Its benefit limits are higher than some other more expensive insurers.
"After 7 years with my QLD car insurance provider, I checked out quotes on Finder and found a cheaper price. Despite my years of loyalty, my current provider wouldn't offer any discounts. I switched to Budget Direct and am now saving $180/year. Loyalty may not pay, but switching sure does!"
Zoe Sharry
Finder crew member and QLD local
Third party car insurance in QLD
CTP insurance in Queensland
Compulsory third party (CTP) insurance provides cover for personal injuries that were caused by motor accidents and is mandatory in Queensland. It's governed by the Motor Accident Insurance (MAI) scheme and can be purchased via private insurers including Suncorp, Allianz and QBE. In Queensland, CTP is included in your registration — if your car is registered then you already have CTP. If your car is unregistered, then you'll need to purchase CTP before you can register it.
Cost of CTP insurance in QLD
The cost of CTP insurance in QLD is set by the Motor Accident Insurance Commission (MAIC) and distributed through private insurers. We tried to source online quotes from Suncorp, Allianz & QBE. Only Suncorp returned a quote online; $369.60 for 12 months of CTP cover. This is accurate as of July 2024. Your own cost will differ based on the type of vehicle you drive and your eligibility for some rebates.
So that covers off CTP. Next up, you need to decide if you want additional cover.
If you don't need comprehensive cover then third party property damage and third party fire and theft cover are both excellent budget-friendly options.
This level of car insurance covers costs if you damage someone else's vehicle or property and can pay to repair or replace your car if it's damaged by fire or stolen. However, it doesn't cover you for damage to your own car due to an accident, storm or flood.
This level of car insurance only covers you for costs if you damage someone else's vehicle or property. It won't cover repair costs for your car.
Third party car insurance costs
We sourced over 80 quotes from 16 popular car insurers in Queensland. Below is a breakdown of the pricing. Keep in mind, these quotes are based on a fictional driver and your own quote will differ. To see how we got these quotes, read our car insurance methodology.
The average cost of car insurance in QLD is $1,274 for a comprehensive policy. A third party property damage policy costs $469 on average with a fire & theft policy costing an average of $559. To understand how we got these costs, read our car insurance methodology.
Our research shows that RoLLiN' has the cheapest comprehensive car insurance in Queensland; Bingle has the cheapest third party property damage policy in QLD; and RACQ has the cheapest third party fire & theft policy in Queensland. Keep in mind, these quotes are based on a fictional profile and your own will differ.
Not anymore. NRMA used to offer CTP for Queenslanders but no longer does.
Not any more. RACQ stopped selling CTP policies from October 2023. However, if your current CTP policy is with RACQ then you will continue to be covered for this up until that policy expires.
Peta Taylor is a publisher at Finder, working across all of insurance. She's been analysing product disclosure statements and publishing articles for over 2 years. Peta is passionate about demystifying complex insurance products to help users make well educated decisions with confidence. Peta is part of Finder's insurance awards team and works alongside editorial and insights experts to bring users the best insurance products every year. See full bio
I have just received invoice for renewal of insurance for our two family cars. (Also have house and contents insurance with same company,)
I note premium has increased 20.5% over last year`s premium. Is this reasonable? Should I seek quotes from eleswhere?
NikkiOctober 19, 2019
Hi Alan,
Thanks for getting in touch!
While we review car insurance options on our pages, it’s helpful to know that the best people to reach out to about your premiums increasing is an insurance broker. Aside from them acting as a middleman between the provider and consumer, they use their knowledge to shop around for car insurance deals and negotiate with insurers on your behalf.
As a friendly reminder, carefully review the Product Disclosure Statement of the product before applying. You may also contact the insurance provider should you have any questions about their policy.
Hope this helps and feel free to reach out to us again for further assistance.
Best,
Nikki
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I have just received invoice for renewal of insurance for our two family cars. (Also have house and contents insurance with same company,)
I note premium has increased 20.5% over last year`s premium. Is this reasonable? Should I seek quotes from eleswhere?
Hi Alan,
Thanks for getting in touch!
While we review car insurance options on our pages, it’s helpful to know that the best people to reach out to about your premiums increasing is an insurance broker. Aside from them acting as a middleman between the provider and consumer, they use their knowledge to shop around for car insurance deals and negotiate with insurers on your behalf.
As a friendly reminder, carefully review the Product Disclosure Statement of the product before applying. You may also contact the insurance provider should you have any questions about their policy.
Hope this helps and feel free to reach out to us again for further assistance.
Best,
Nikki