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Cheap car insurance in Australia – October picks

Powered by 250+ human hours spent crunching 1,800 quotes. Yes, we're nerds.

A car with a shark on top

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

Car insurance methodology

Cheap car insurance with great customer service: Youi

Youi car insurance

Best customer satisfaction winner 2023

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.

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Cheap car insurance with great value: Budget Direct

Budget Direct comprehensive car insurance
Best value car insurance 2024

Our verdict

Budget Direct is a great all-rounder. It's good if you want a cheap policy that's good value for money.

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Cheap car insurance for young drivers: ROLLiN'

Rollin' car insurance
Our verdict

ROLLiN' is cheap for young drivers. It's good if you're in your 20s and you can cancel any time.

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Cheapest car insurance: Bingle

Bingle car insurance logo
Best low cost car insurance 2024
Our verdict

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.

More info

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
Price based on 700+ responses about their monthly premium in September 2024.

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.

ProviderAdjustable excessRestricted driver optionOnline sign up discount/bonusesAgreed or market valuePriceApply
Picture not described
Market
$862.24 More info
Rollin' car insurance
Agreed
$885.76 Get a quote
Hume Bank Logo
Agreed or Market
$958.52 More info
Budget direct logo
Agreed or Market
$992.46 Get a quote
St. George
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.

1 - 6 of 15
Product FCI Finder Score Roadside Assistance Accidental damage Agreed or Market Value
Youi Third Party Property Damage
Youi Third Party Property Damage
Finder Score
N/A
⭐ Current offer: Covered up to $5,000 for accidental damage to your car caused by an uninsured third party.

Who it might be good for: Drivers who want a reliable insurer. It was the 2022 Insurer of the Year for Customer Satisfaction.
Budget Direct Third Party Property Only
Finder Award
Budget Direct Third Party Property Only
Finder Score
Optional
N/A
⭐ Current offer: Save 15% on your first year's premium when you purchase a new policy online. T&Cs apply.

Who it might be good for: Drivers who only want cover for damage to another person’s vehicle and up to 15% off your first year.
Qantas Third Party Property Only
Qantas Third Party Property Only
Finder Score
Optional
N/A
Earn Qantas Points when you sign up. T&Cs apply.
Huddle Third Party Property Damage
Huddle Third Party Property Damage
Finder Score
Optional
N/A
Up to $20 million legal liability cover plus up to $3,000 for damage caused by uninsured drivers.
QBE Third Party Property Damage
Green Company
QBE Third Party Property Damage
Finder Score
N/A
Who it might be good for: Drivers who want a relatively cheap policy and a more environmentally-friendly brand – QBE was the 2022 Finder Green award winner.
Kogan Third Party Property Damage
Kogan Third Party Property Damage
Finder Score
N/A
⭐ Current offer: Policyholders are entitled to $10 off Kogan.com per month on purchases over $100.

Who it might be good for: Drivers who want a no-frills policy with some legal liability cover and up to $5,000 for damage caused by an uninsured driver. Keep an eye out for a gift voucher if you buy online.
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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.

Truck crush

Cheap comprehensive car insurance

ProviderPriceApply
Bingle logo$848.87More info
Koba$863.47More info
Rollin' car insurance$1,102.26Get quote
Budget direct logo$1,279.73Get quote
Virgin Money$1,304.49More info
Truck crush

Cheap comprehensive car insurance

ProviderPriceApply
Koba$720.32More info
Rollin' car insurance$729.82Get quote
Bingle logo$788.34More info
AAMI car insurance$911.60More info
Budget direct logo$921.20Get quote

Truck crush

Cheap comprehensive car insurance

ProviderPriceApply
Bingle logo$1,034.15More info
Koba$1,035.74More info
AAMI car insurance$1,053.82More info
Budget direct logo$1,163.76Get quote
GIO$1,259.28More info

Truck crush

Cheap comprehensive car insurance

ProviderPriceApply
Bingle logo$638.88More info
Rollin' car insurance$794.90Get quote
AAMI car insurance$810.81More info
Budget direct logo$861.08Get quote
Koba$873.03More info

Truck crush

Cheap comprehensive car insurance

ProviderPriceApply
Bingle logo$669.13More info
Rollin' car insurance$716.70Get quote
AAMI car insurance$815.88More info
Budget direct logo$856.75Get quote
Virgin Money$873.89More info

Truck crush

Cheap comprehensive car insurance

ProviderPriceApply
Bingle logo$623.32More info
Rollin' car insurance$762.04Get quote
Koba$868.46More info
AAMI car insurance$874.00More info
Budget direct logo$939.98Get quote

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.
Peta Taylor's headshot

"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."

Associate publisher

Expert tips on finding cheap car insurance

Icon of prices increasing

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.

Why you can trust Finder's car insurance experts

freeYou pay nothing. Finder is free to use. And you pay the same as going direct. No markups, no hidden fees.
expert adviceYou save time. We spend 100s of hours researching car insurance so you can sort the gold from the junk faster.
independentYou can trust us. We say it like it is. We aren't owned by an insurer and our opinions are our own.

Frequently asked questions about cheap car insurance

Jason Loewenthal's headshot
To make sure you get accurate and helpful information, this guide has been edited by Jason Loewenthal as part of our fact-checking process.
Gary Ross Hunter's headshot
Editor, Insurance

Gary Ross Hunter was an editor at Finder, specialising in insurance. He’s been writing about life, travel, home, car, pet and health insurance for over 6 years and regularly appears as an insurance expert in publications including The Sydney Morning Herald, The Guardian and news.com.au. Gary holds a Kaplan Tier 2 General Advice General Insurance certification which meets the requirements of ASIC Regulatory Guide 146 (RG146). See full bio

Gary Ross's expertise
Gary Ross has written 667 Finder guides across topics including:
  • Health, home, life, car, pet and travel insurance
  • Managing the cost of living
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Co-written by

Editor

James Martin was the insurance editor at Finder. He has written on a range of insurance and finance topics for over 7 years. James often shares his insurance expertise as a media spokesperson and has appeared on Prime 7 News, WIN News, Insurance News, 7NEWS and The Guardian. He holds a Tier 1 General Insurance (General Advice) certification and a Tier 1 Generic Knowledge certification, both of which meet the requirements of ASIC Regulatory Guide 146 (RG146). See full bio

James's expertise
James has written 230 Finder guides across topics including:
  • Car, home, life, health, travel and pet insurance
  • Managing the cost of living
  • Money-saving tips

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