Cheap car insurance

Sick of spending too much? Compare cheap car insurance options in Australia.

Budget Direct Comprehensive

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*First year's premium for a new policy. T&Cs apply.

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Feel like you're paying more on your car insurance than you should be? You might be onto something.

We requested up to 36 quotes from 35 different car insurers as part of the 2021 Finder Awards. Once we averaged everything out, the cheapest provider was $2,851 less than the priciest!

While one budget car insurer cost an average $628 a year for a comprehensive policy, another reached a huge $3,479 a year!

5 cheap car insurers on Finder

RankBrandAnnual premium costApply
1Bingle
Bingle
$628.11More info
2Budget Direct
Budget Direct
$781.19Get quote
3Virgin Money
Virgin Money
$853.92Get quote
4Coles
Coles car insurance
$1,021.51Get quote
5Huddle
Huddle
$1,266.86Get quote

Must read: Looking for the cheapest car insurance?

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.

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.

Start your search for cheap car insurance today

Name Product Roadside Assistance Accidental Damage Storm Choice of Repairer Agreed or Market Value Bonuses
Budget Direct Comprehensive
Optional
Optional
Agreed or Market
15% online discount
Finder's summary: Awarded the 2021 Finder Award for Car Insurance - Value in QLD, SA, TAS, VIC, WA and Car Insurance - Features in NSW, VIC, WA, this policy offers solid coverage at a low cost. Budget Direct's claims service has received a 4.2/5 based on nearly 5,000 customer reviews.

⭐ Current offer: Get 15% discount on first year's premium when you take out a policy online. T&Cs apply.

Who it might be good for: People who want a comprehensive policy without breaking the bank.
Australia Post Comprehensive
Optional
Agreed or Market
$75 online discount
Finder's summary: Australia Post car insurance offers comprehensive cover for things like theft, fire, new for old replacement and emergency accommodation and transport. Cover also extends to anyone who uses your car, not just you.

⭐ Current offer: Get $75 off your first year’s premium when you buy online. T&Cs apply.

Who it might be good for: If multiple people use the one car and you don’t want to worry about listing all drivers.
Virgin Comprehensive
Optional
Optional
Agreed or Market
15% online discount
Finder's summary: Finalists for the 2021 Finder Awards for Best Car Insurance - Value in VIC, QLD, SA, WA and TAS, Virgin Comprehensive provides a good level of cover for a decent price.

⭐ Current offer: Get 15% off on your first year’s premium when you purchase a new eligible comprehensive car insurance online. T&Cs apply.

Who it might be good for: People who'd like to manage their policy online 24/7.
Qantas Comprehensive
Optional
Optional
Agreed or Market
Earn up to 20,000 Qantas Points
Finder's summary: You'll be able to choose how comprehensive you want your cover to be with optional extras like choice of repairer and the option of agreed or market value.

⭐ Current offer: Earn Qantas Points for joining and paying your premium. Sign up today and earn up to 20,000 Qantas Points (points awarded will be based on your premium). T&Cs and eligibility apply.

Who it might be good for: People who'd like to earn Qantas Points.
Coles Comprehensive
Optional
Agreed or Market
10% online discount
Finder's summary: With Coles comprehensive car insurance, you could earn double flybuys points at Coles supermarkets and you can get $10 off your Coles grocery bill every time you redeem 2,000 Flybuys points. If your car is damaged, you could benefit from a one-week turnaround on repairs.

⭐ Current offer: Get 10% off your first year's premium when you take out a policy online. T&Cs apply.

Who it might be good for: Coles customers and Flybuys collectors.
QBE Comprehensive
Green Company
QBE Comprehensive
Optional
Agreed or Market
$75 online discount
Finder's summary: QBE is a sustainable insurance company and also Finder's Green Insurer of the Year 2021 award winner. This policy offers the highest level of protection available from QBE including three-year new car replacement.

⭐ Current offer: Save $75 when you purchase a new comprehensive policy online. T&Cs apply.

Who it might be good for: Those that are looking for a more environmentally friendly insurance choice.
Huddle Black Comprehensive
Agreed or Market
Finder's summary: Huddle's black comprehensive is its cover with highest limits and exclusive benefits. It includes roadside assistance. You can also get up to $2,000 for emergency travel and accommodation and up to $30 million legal liability cover.

Who it might be good for: Someone who wants a 24/7 claims processing.
Youi Comprehensive
Optional
Agreed or Market
Finder's summary: Youi Comprehensive Car Insurance is one of the few providers to include roadside assistance in its policy. You'll also get access to YouiRewards which gives you discounts on furniture, parking and more. Youi also has a live chat feature on its site to talk through any questions.

Who it might be good for: People over 25 who want comprehensive cover with a focus on customer service.
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How can I get the cheapest car insurance?

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.

  1. Compare online. Don't go with the first policy you find. Shop around, and you could save thousands of dollars on your car insurance.
  2. Restrict drivers. Choosing not to let young drivers behind the wheel of your car can save you big bucks on your car insurance.
  3. Take a higher excess. You'll have to pay more if it ever comes to making a claim, but taking a higher excess will lower your regular premiums.
  4. Pay annually. Some car insurers offer discounts if you're able to pay your annual premium upfront, rather than in monthly instalments.
  5. 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.
  6. Insure multiple vehicles. More than one car in your household? You can get cheaper insurance by bundling your policies.
  7. Insure more than your car. Insurers often offer multi-policy discounts if you bundle different insurance policies together. For example, you might have life insurance or home insurance with the same brand.
  8. Pay-as-you-go. If you don't use your car much, consider a pay-as-you-drive insurance policy. They're a cheaper alternative for people who seldomly use their vehicles.
  9. Look for no claims bonuses. If you're a safe driver, finding an insurer that offers no claims bonuses can make a big difference to your premium. With each year you have a clean claims record, your premiums will be discounted.
  10. Reconsider your loyalty. Some insurers reward loyalty - but it's not always the case. If you've been with your insurer a while, ask for a better price when it comes to renewal time. If the answer is no, compare your options and switch if you find a cheaper policy.

How much does car insurance cost?

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 35 different car insurers as part of the 2021 Finder Awards. Once we averaged everything out, the cheapest provider was $2,851 less than the priciest!

While one budget car insurer cost an average $628 a year for a comprehensive policy, another reached a huge $3,479 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.

Average Cost Of Car Insurance In Australia

How did we get these quotes?

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.

How much does car insurance cost?

Average cost in Australia
AAMI$909
Bingle$628
Budget Direct$804
CGU$1,500
Coles$1,022
GIO$1,299
Huddle$1,267
NRMA$1,036
QBE$1,734
RAC$825
RACV$1,359
Real Insurance$1,276
Suncorp$1,307
Virgin Money$854
Woolworths$1,203
New South Wales (NSW)
AAMI$840
Bingle$683
Budget Direct$1,011
CGU$1,558
Coles$1,014
GIO$1,400
Huddle$1,592
NRMA$1,501
QBE$2,419
RAC
RACV
Real Insurance$1,357
Suncorp$1,712
Virgin Money$1,013
Woolworths$1,278
Queensland (QLD)
AAMI$924
Bingle$608
Budget Direct$740
CGU$1,133
Coles$990
GIO
Huddle$1,108
NRMA$803
QBE$1,653
RAC
RACV
Real Insurance$1,167
Suncorp$953
Virgin Money$752
Woolworths$1,102
South Australia (SA)
AAMI$699
Bingle$521
Budget Direct$765
CGU$1,231
Coles$936
GIO
Huddle$1,196
NRMA
QBE$1,262
RAC
RACV
Real Insurance$1,165
Suncorp$1,150
Virgin Money$781
Woolworths$1,095
Tasmania (TAS)
AAMI$833
Bingle$535
Budget Direct$703
CGU$1,139
Coles$1,062
GIO
Huddle$1,007
NRMA$804
QBE$1,187
RAC
RACV
Real Insurance$1,004
Suncorp$1,024
Virgin Money$717
Woolworths$947
Victoria (VIC)
AAMI$1,121
Bingle$872
Budget Direct$1,023
CGU$2,596
Coles$1,220
GIO$1,333
Huddle$1,612
NRMA
QBE$2,144
RAC
RACV$1,359
Real Insurance$1,838
Suncorp$1,703
Virgin Money$1,130
Woolworths$1,733
Western Australia (WA)
AAMI$1,038
Bingle$549
Budget Direct$584
CGU$1,344
Coles$916
GIO$1,164
Huddle$1,086
NRMA
QBE$1,739
RAC$825
RACV
Real Insurance$1,126
Suncorp$1,298
Virgin Money$731
Woolworths$1,062

What's the cheapest type of car insurance?

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:

  • Compulsory third party insurance (CTP): This is mandatory car insurance. You can't get your car registered without it. It covers injuries and deaths suffered on the road, but no vehicle damage of any sort.
  • Third party (TP): Third party car insurance covers damage you cause to other cars and property. It doesn't cover any damage to your own car.
  • Third party fire and theft (TPF&T): This type of car insurance typically costs more than just TP, but also covers your own vehicle from damage or loss that is the result of fire or theft, two of the most common vehicle hazards.
  • Comprehensive: The highest level of car insurance. Protects you if you're in an accident, a big storm thrashes your car, or someone bumps your bodywork with their shopping trolley.

Who has the cheapest car insurance?

Based on our research for the 2021 Finder Awards, Bingle provides the cheapest car insurance when the quotes are averaged across all 6 Australian states.
But if you're in Victoria, you might need to pay a bit more for your car insurance vs someone living in South Australia.

New South WalesQueenslandSouth AustraliaTasmaniaVictoriaWestern AustraliaApply
Bingle logo$683$608$521$535$872$549More info

Is there cheap car insurance in my state?

Based on our research, South Australia has the cheapest car insurance, where the average price of a comprehensive car insurance policy is $521 a year. Unfortunately, drivers in New South Wales may have to spend a little more, as the average is $4,582 a year.

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.

Which state has the cheapest car insurance state

Car insurance average costs by state

Which state has cheap car insurance?

CheapestAverageMost Expensive
NSW$683$1,532$4,582
QLD$608$1,132$3,442
SA$521$1,142$2,837
TAS$535$1,033$2,483
VIC$872$1,696$4,182
WA$549$1,178$3,346

Can I get cheap car insurance at my age?

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.

Car insurance average costs by age

Which age groups get cheap car insurance?

AgeAverage price
20$2,097.35
30$1,081.51
40$862.97
50$793.61
60$722.95

I just need basic 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 $32 a month, or $380 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.

Third party car insurance cost

How did we get these costs?

To determine this estimated cost, we sourced quotes using the profile of a female, Sydney-based driver born in 1981, who wants comprehensive car insurance for a Silver 2018 Toyota Corolla Hatchback Hybrid 5dr 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 15 September 2021.

Cheap car insurance: How much does third party insurance cost?

BrandAnnual quote
Coles$252.24
Budget Direct$397.33
Virgin Money$405.28
CGU$218.31
Bingle$308.39
QBE$323.15
AAMI$383.80
GIO$395.00
Suncorp$560.65
NRMA$552.21

Quotes obtained September 2021

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2 Responses

    Default Gravatar
    LeonMarch 31, 2019

    Hi sir
    I am looking for cheapest car insurance
    Pls help me about that

      Avatarfinder Customer Care
      MaiApril 1, 2019Staff

      Hi Leon,

      Thank you for reaching out to Finder.

      I’m afraid we may not be able to identify which of them offers the lowest rate as the insurance premium varies on the details that you will provide as you request for a quote. It may be good to click the Get Quote button above so you can start checking how each insurers charge based on your qualifications and the car that you own. There are also some deals available that you want to take advantage. You can click Get Deal for that.

      Hope this helps.

      Kind Regards,
      Mai

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