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Car insurance deals and discounts May 2024

We've rounded up all the current car insurance deals available on Finder below.

Plus, our insurance experts have put together a list of all the other ways you can save.

Car insurance deals currently available

Deal

Get $100 off your first year's premium when you buy online

Get $100 on your first year’s comprehensive car insurance premium when you buy online. T&Cs apply.
Deal

15% online discount on car insurance

Receive 15% off car insurance when you purchase cover online.
Deal

Earn up to 40,000 Qantas Points with Qantas Car Insurance

Verified Yesterday Expires 2 Jul 2024
Earn up to 40,000 Qantas Points with every car insured by 2 July. Plus save 15% on your 1st year’s premium when you purchase online. T&Cs apply.

Important note: Many of the discounts on this page, such as online signup discounts, are only available with comprehensive car insurance policies.

What kinds of car insurance discounts can I get?

bonus icon

No-claims bonus (NCB)

The longer you go without making a claim, the more of a discount you get on premiums.
  • The maximum discount is typically reached after five or six years.
  • This discount is typically transferred across when switching car insurance policies, even if you change to a new insurer.
  • Some insurers may have options to preserve your no-claims discount for a limited number of claims per year, or in situations such as no-fault claims, or for storm damage.
Online Discount

Online discounts

These are typically only available when you take out comprehensive car insurance. The largest discount you can typically get is up to 15% off.

Top savings tip: You usually only get the first 12 months discounted. After that, insurers often increase your premium significantly to make up for the discount. (For general car insurance, insurers are more or less able to set their prices as desired, and change them without notice.) You can dodge this though by contacting your insurer when prices go up to ask why or switching again.

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Multi-policy discounts

Many of the bigger insurers, such as Youi, QBE and ahm, will give existing customers discounts on additional policies – for example, if you take out car and home insurance with one brand, you'll often get a discount of up to 15% off.

Man driving

Restricted driver discounts

These limit who can drive your car. For example, Budget Direct, Coles, Virgin, CGU all come with options to restrict drivers under a certain age. In return, they lower your premium. This type of discount isn't available with all insurers, or with all policies, but if nobody under 25 is driving your car, it can lower costs by a couple hundred dollars a year or more in some cases.
Money on hand

Raise your excess

Some insurers let you raise your excess (this is the amount you need to pay when you make a claim). A higher excess means lower premiums. However, raising it means less costly claims can be pointless. For example, paying a $1000 excess for a $1000 repair is probably not worth it.

How else can I lower my car insurance in Australia?

  • Pay premiums annually if possible: Insurers will generally charge more overall if you pay premiums monthly instead of one annual payment.
  • Nominate drivers: Specify exactly who is allowed to drive your car, and prevent anyone else from getting behind the wheel.
  • Park safely: Many insurers will offer lower prices for a car that is kept in a garage rather than on the street.
  • Drive less: Car insurers including Budget Direct, Qantas and QBE ask you how many km per year your car is driven. The less you drive, the cheaper prices tend to be.
  • Get third party cover: Third party only car insurance or third party insurance with fire and theft cover is cheaper but be careful – it doesn't cover damage to your own car.
Adelaide Moore

When I was relooking at my car insurance plan I found a cheaper policy than the one I was on. When I rang up my current provider to cancel they offered me a 9% discount off my current policy on the spot. It's definitely worth picking up the phone and asking for a better deal.
— Adelaide Moore, Finder producer and car owner

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