- 2023 Finder Award winner
- Automatically includes roadside assistance
- Cover for collisions, weather damage and more
- 15% off new online purchases*
- Best Value – 2024 Finder Award winner
- Cheaper than most insurers
- Cost-effective for 20-year-olds
- No added excess for under-25s
- Flexible monthly policy
Finding the cheapest car insurance for you will depend on your personal circumstances and the level of cover you're after. Our experts have chosen a bunch of picks that will be great for a range of people, but these should only be used as a guide. You should always read the product disclosure statement (PDS) to know which car insurance is a good fit for you and your budget.
Cheap car insurance in October 2024
- Cheap car insurance with great customer service: Youi
- Cheap car insurance with great value: Budget Direct
- Cheap car insurance for young drivers: ROLLiN'
- Cheapest car insurance: Bingle
Cheap car insurance with great customer service: Youi
Our verdict
Youi comprehensive car insurance is a competitively priced policy that gives you a lot for your money. It's a good option if you value good customer service and want to avoid big out-of-pocket expenses. If they don't quote you a price you're happy with, give them a call. This strategy has been tried and tested by several of the Finder team.
Cheap car insurance with great value: Budget Direct
Our verdict
Budget Direct is a great all-rounder. It's good if you want a cheap policy that's good value for money.
Cheap car insurance for young drivers: ROLLiN'
ROLLiN' is cheap for young drivers. It's good if you're in your 20s and you can cancel any time.
Cheapest car insurance: Bingle
Bingle comprehensive car insurance is a very cheap option — that's why it won the 2024 Finder car insurance award for low cost. The catch? It only covers the essentials and it has an all-online customer service and claims team.
Why you can trust our research
30+
policies analysed
1,800+
quotes gathered
250+
hours of research
How much are Aussies spending on car insurance?
Every month, we ask hundreds of Australians what they're paying for car insurance. To show you how age impacts the cost of your monthly premium, we've broken these numbers down by generation. Here's what their bill looked like in September 2024.- Baby boomers: $100
- Gen X: $117
- Gen Y: $169
- Gen Z: $161
Cheap car insurance
Comprehensive car insurance is the only level of cover that protects your car as well as others. On average, prices start from around $862 per year, according to Finder research. Below is a list of the top 5 cheapest car insurance policies, per that research.
Provider | Adjustable excess | Restricted driver option | Online sign up discount/bonuses | Agreed or market value | Price | Apply |
---|---|---|---|---|---|---|
Market | $862.24 | More info | ||||
Agreed | $885.76 | Get a quote | ||||
Agreed or Market | $958.52 | More info | ||||
Agreed or Market | $992.46 | Get a quote | ||||
Agreed or Market | $1,036.01 | More info |
Cheap third party car insurance
Third party property damage car insurance is a cheaper alternative to comprehensive car insurance. Keep in mind though, third party policies are cheaper because they don't cover damage to your own car.
Cheap car insurance in your state
Finder sourced over 1,800 car insurance quotes based on multiple driver profiles from 30+ comprehensive policies. We've broken our research down by state — these are the cheapest policies. Keep in mind, costs differ based on your own circumstances.
Cheap comprehensive car insurance
Provider | Price | Apply |
---|---|---|
$848.87 | More info | |
$863.47 | More info | |
$1,102.26 | Get quote | |
$1,279.73 | Get quote | |
$1,304.49 | More info |
Cheap comprehensive car insurance
Provider | Price | Apply |
---|---|---|
$720.32 | More info | |
$729.82 | Get quote | |
$788.34 | More info | |
$911.60 | More info | |
$921.20 | Get quote |
Cheap comprehensive car insurance
Provider | Price | Apply |
---|---|---|
$1,034.15 | More info | |
$1,035.74 | More info | |
$1,053.82 | More info | |
$1,163.76 | Get quote | |
$1,259.28 | More info |
Cheap comprehensive car insurance
Provider | Price | Apply |
---|---|---|
$638.88 | More info | |
$794.90 | Get quote | |
$810.81 | More info | |
$861.08 | Get quote | |
$873.03 | More info |
We didn't include quotes for NT and ACT because the sample size was too small.
Tips for finding cheap car insurance
- Compare online. Loyalty doesn't pay with car insurance – the best value policy today might be more expensive when it renews next year. Shop around and you could save hundreds of dollars.
- Restrict drivers. Choosing not to let drivers under 25 drive your car can lead to a premium saving.
- Choose a higher excess. You'll have to pay more upfront to make a claim, but taking a higher excess will lower your regular premiums.
- Pay annually. Some car insurers offer discounts if you're able to pay your annual premium upfront rather than in monthly instalments.
- Keep your car in a garage. Your car is safer if it's kept in a garage or in an off-street parking spot, so your premium should be less.
- Pay-as-you-go. If you don't use your car much, consider a pay-as-you-drive insurance policy. It can be a cheaper alternative if you drive fewer than 15,000km per year.
"When I got my renewal notice, my car insurance premium was due to increase by 21%. I got quotes from 5 other providers and then called my existing provider to let them know I was thinking of switching. They immediately knocked about $200 off the renewal cost and became the cheapest provider of those I'd researched. Not only did I get a cheaper deal, I got to stay with the insurer of my preference and didn't have to compromise on any features."
Expert tips on finding cheap car insurance
I like a bargain, but I also like to know I'm actually getting some decent cover in return. That's why, for me, comprehensive car insurance is worth getting over third party cover, solely because it covers damage to your own car – plus, there are still a few cheap options.
Gary Ross Hunter
Insurance and innovations editor
With the cost of living skyrocketing, looking at your car insurance could be a huge opportunity to save. We reviewed over 1,000 comprehensive car insurance quotes and found a massive difference of $1,456 between the cheapest and most expensive policy. Bottom line – if you haven't shopped around recently, this is a huge chance to save money.
Sarah Megginson
Managing editor at Finder
Insurance premiums are on the rise
PocketSmith's Global Spending Map shows monthly spending on general insurance in July 2024 was 8% higher than July 2023, equating to a dollar value of $35. In a landscape where every cent counts, comparing your options is crucial.
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