Budget Direct Car Insurance
- 15% discount on first year's premium
- New car replacement
- $20 million legal liability cover
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Feel like you're paying more on your car insurance than you should be? You might be onto something.
In our 2019 Finder Awards, we found that one budget car insurer cost an average $682 a year for a comprehensive policy, whilst another reached a huge $3,325 a year! That's a difference of $2,643.
Across the board, Budget Direct, Bingle, and Virgin Money were some of the cheaper providers we came across.
This guide shows you how to compare car insurance the right way, so you can get a cheap deal that suits your needs. We'll also share some tips on how to lower your premium, so you've got more money in your pocket, every month.
There is no single cheap car insurance that suits every driver. Factors that impact your cost include the make and model of your car, your age, your gender, your suburb etc. - and will determine the lowest premium available to you. Keep in mind that we don't compare every product in the market, but we hope that our tools and information will allow you to compare your options and find the cheapest car insurance for you.
If you're looking for a cheap car insurance policy that doesn't hurt your pocket, there are a few things you can do to lower your premiums.
That's pretty tricky to say, because there are lots of different factors which influence the price of your car insurance. What car you have, where you keep it, your driving history, and the type of insurance you want are just a few things which can have a big impact on price.
We requested up to 36 quotes from 37 different car insurers as part of the 2019 Finder Awards. Once we averaged everything out, the cheapest provider was $2,643 less than the pricest!
While one budget car insurer cost an average $682 a year for a comprehensive policy, another reached a huge $3,325 a year!
Running a car is expensive enough, without pricey insurance to boot. Thankfully, there are heaps of options out there for cheap car insurance, which doesn't break the bank.
We always want to be open and honest, which is why we've made the methodology behind our Finder Awards freely available. You can read it in full here.
The companies highlighted in the graph above were chosen because they're either one of our partner brands or because they're one of the most searched car insurance brands in Australia.
|Average cost in Australia|
|New South Wales (NSW)|
|South Australia (SA)|
|Western Australia (WA)|
Third party car insurance is usually the least expensive option if you're looking for a policy purely based on price. However, you'll get more for your money if you choose more comprehensive cover.
Here's a breakdown of different types of car insurance policies and what they cover you for:
Based on our research for the 2019 Finder Awards, Bingle provides the cheapest car insurance when the quotes are averaged across all 6 Australian states. However, when you split the quotes individually by states, things change a little.
While Bingle remained the cheapest provider in NSW and South Australia, Budget Direct provided the cheapest quotes for drivers in Queensland, Tasmania and WA. Finally, Virgin Money offered the cheapest quotes for residents of Victoria. To help you decide which policy suits you the most, make sure to read the product disclosure statement (PDS).
|New South Wales||$724|
Based on our research, Tasmania has the cheapest car insurance, where the average price of a comprehensive car insurance policy is $1,073 a year. Unfortunately, drivers in Victoria may have to spend a little more, as the average is $1,717 a year in the Garden State.
However, the graph below shows just how much price can vary in each state. If you don't shop around, you could end up paying thousands more than you have to, for a similar level of cover.
Your age has a pretty big impact on the price of your car insurance - and it's bad news for the youngsters out there. Insurance companies deem younger drivers higher risk than older drivers, so premiums are usually a bit pricier and making it harder to find cheap car insurance.
Third party car insurance is the most basic cover you can get - but it's also the cheapest car insurance available. We requested quotes from 10 companies, and found the average cost of a third party car insurance policy is just $31 a month, or $367 a year.
Remember: Third party car insurance will only cover the cost of damage to someone else's car or property. It won't cover any damage to your car.
To determine this estimated cost, we sourced quotes using the profile of a female, Sydney-based driver born in 1980, who wants comprehensive car insurance for a 2016 Ford Falcon 2.0L Auto. The hypothetical driver has made no claims made in the past 3 years, and drives 10,000-15,000km annually. The policy start date was set at 22 January, 2020.
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