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$115 off your premium for the first year + $10 monthly credit
Get a quote and earn a $10 kogan.com credit. Purchase your policy online to get $115 off first year premiums for Kogan comprehensive car insurance. 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?
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 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.
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.
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.
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.
To save on my car insurance, I compared 10 different providers and recorded their costs in a Google Sheet. I'm glad I did, there was a difference of $960 between the first quote I did and the one I ended up going with. To further keep costs down, I restricted drivers under 25, ensured my car was parked undercover at night and increased my excess.
— Peta Taylor, Finder's car insurance publisher.
Gary Ross Hunter is 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, news.com.au, The Telegraph, Explore Travel and Escape. Gary holds a Kaplan Tier 1 General Insurance (General Advice) certification and a Kaplan Tier 1 Generic Knowledge certification which meets the requirements of ASIC Regulatory Guide 146 (RG146).
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