New for old car insurance

How we calculate Comprehensive Car Insurance Finder Scores

Read full methodology

What different scores mean

9+

Excellent

These products offer the best value and outcomes considering various product features and price.

7+

Great

Competitive products within their group.

5+

Standard

But these products still offer reasonable value and have the basics sorted.

0+

Basic

Offering basic cover with limited features or higher pricing.

Compare new for old car insurance policies

{"userFilters":[{"config":{"VALUES":"Comprehensive,Third Party Fire and Theft,Third Party Property Damage"},"dataSelector":{"recordType":"product","fieldCode":"TABLE_FILTER.INSURANCE_TYPE"},"dataType":"TEXT","label":"Insurance Type","order":1},{"config":{"VALUES":"Yes,No"},"dataSelector":{"recordType":"product","fieldCode":"TABLE_FILTER.OFFERS_OR_DISCOUNTS"},"dataType":"TEXT","label":"Bonuses","order":2},{"config":{},"dataSelector":{"recordType":"product","fieldCode":"GENERAL.PROVIDER_ID"},"dataType":"UUID","label":"Providers","order":100},{"config":{"VALUES":"Yes,No"},"dataSelector":{"recordType":"product","fieldCode":"EXPANDED_FEATURES.ACCIDENTAL_DAMAGE"},"dataType":"TEXT","label":"Accidental Damage","order":null},{"config":{"VALUES":"Agreed,Market,Agreed or Market,None"},"dataSelector":{"recordType":"product","fieldCode":"EXPANDED_FEATURES.AGREED_OR_MARKET_VALUE"},"dataType":"TEXT","label":"Agreed or Market Value","order":null},{"config":{"MULTISELECT":true,"VALUES":"NSW,QLD,VIC,TAS,WA,NT,SA,ACT"},"dataSelector":{"recordType":"product","fieldCode":"EXPANDED_FEATURES.AVAILABLE_STATES"},"dataType":"TEXT","label":"Available State","order":null},{"config":{"VALUES":"Yes,No,Optional"},"dataSelector":{"recordType":"product","fieldCode":"EXPANDED_FEATURES.CHOICE_OF_REPAIRER"},"dataType":"TEXT","label":"Choice Of Repairer","order":null},{"config":{"VALUES":"Yes,No,Optional"},"dataSelector":{"recordType":"product","fieldCode":"EXPANDED_FEATURES.ROADSIDE_ASSISTANCE"},"dataType":"TEXT","label":"Roadside Assistance","order":null},{"config":{"VALUES":"0"},"dataSelector":{"recordType":"UI_FILTER_COMPONENT","fieldCode":"FULL_MARKET"},"dataType":"FULL_MARKET","label":"More products"}],"niche":{"currencySymbol":"$","decimalPoint":".","decimalPlaces":"2","thousandsSeparator":",","filterBoundsMap":{"product.TABLE_FILTER.INSURANCE_TYPE":null,"product.TABLE_FILTER.OFFERS_OR_DISCOUNTS":null,"product.GENERAL.PROVIDER_ID":null,"product.EXPANDED_FEATURES.ACCIDENTAL_DAMAGE":null,"product.EXPANDED_FEATURES.AGREED_OR_MARKET_VALUE":null,"product.EXPANDED_FEATURES.AVAILABLE_STATES":null,"product.EXPANDED_FEATURES.CHOICE_OF_REPAIRER":null,"product.EXPANDED_FEATURES.ROADSIDE_ASSISTANCE":null}},"prefilled":false,"experimental":false}

10 of 67 results

Finder Score	New Vehicle Replacement	Roadside assistance	Accidental damage
Promoted Finder Score 9 Excellent Youi Comprehensive	Finder Score 9 Excellent	If your car is written off or stolen in the first 2 years			Summary: A great value policy with exceptional customer service. Youi won the 2024 Finder Award for Customer Satisfaction. It scored highly for features and benefits, customer service and reliability. It also automatically includes roadside assistance with comprehensive policies in its price - a feature that typically costs upwards of $90 per year.	Get Quote More info Compare product selection Compare	loading
Promoted Finder Score 8 Great ROLLiN' Comprehensive	Finder Score 8 Great	If your car is a total loss as a result of a covered event and has less than 15,000kms on the odometer			Get 10% off the base premium for the first 2 consecutive monthly policies and up to a 15% potential monthly discount from your 3rd month for being a safer driver. Minimum premiums may apply. T&Cs apply.	Summary: One of the most cost-effective insurers for under 25s, according to Finder research, with no aged-based excess. Who it might be good for: Young drivers looking to keep costs down and anyone who’d like to get more flexibility from their car insurance.	Get Quote More info Compare product selection Compare	loading
Promoted Finder Score 9.9 Excellent Budget Direct Comprehensive	Finder Score 9.9 Excellent	If your car is written off in the first 2 years or is under 40,000kms	Optional		Receive 15% off your first year's premium when you purchase cover online. T&Cs apply.	Summary: Budget Direct Comprehensive is highly commended as a feature-packed car insurance. It's cheaper than most, plus you can lower costs by adding age restrictions. Who it might be good for: Anyone who wants a good value policy.	Get Quote More info Compare product selection Compare	loading
Finder Score 9.9 Excellent Coles Comprehensive Insurance Finder Award	Finder Score 9.9 Excellent	If your car is written off in the first 2 years or is under 40,000kms	Optional		Save 15% off your first year’s premium when you take out a new Coles Car Insurance policy online. T&Cs apply.	Summary: Coles Comprehensive Car Insurance includes the benefits you'd expect, plus features like grocery replacement (up to $200 if damaged or stolen. T&C's apply). Who it might be good for: Those who want great quality cover and more rewards with Flybuys.	Get Quote More info Compare product selection Compare	loading
Finder Score 9.9 Excellent Qantas Comprehensive	Finder Score 9.9 Excellent	If your car is written off in the first 2 years or is under 40,000kms	Optional		Earn up to 40,000 Qantas Points with every car insurance policy. Ends 28 Jan 2026. Plus save 15% on your 1st year’s premium when you purchase online. T&Cs apply.	Summary: You need car insurance so why not get one that lets you earn Qantas Points? It's good value too (it's underwritten by the same insurer as Budget Direct). Who it might be good for: People who want more bang for their buck with Qantas Points.	Get Quote More info Compare product selection Compare	loading
Finder Score 9.2 Excellent ING Comprehensive	Finder Score 9.2 Excellent	If your car is written off in the first 2 years or is under 40,000kms	Optional		Save 15% on your first year’s premium when you buy a new ING comprehensive car insurance online. T&Cs apply.	Summary: A policy with high benefit limits included as standard with plenty of optional add-ons. Who it might be good for: Drivers who like the ability to tailor their cover with lots of optional extras like windscreen damage and roadside assistance.	Get Quote More info Compare product selection Compare	loading
Finder Score 8.9 Great Kogan Comprehensive	Finder Score 8.9 Great	If your car is written off in the first 2 years	Optional		Up to 10% off your first year's premium when you apply online and $10 monthly Kogan credit (valid on $100+ purchases) for active policyholders. Black Friday deal: Get 12 months Complimentary Roadside Assist. T&Cs apply.	Summary: Kogan comes with all the perks that most comprehensive car insurance policies include, but you’ll also be entitled to some benefits from its online store. This usually comes in the form of a gift voucher or discount if you buy online. Who it might be good for: Kogan shoppers and those after a good range of policy options.	Get Quote More info Compare product selection Compare	loading
Finder Score 8.5 Great Australian Seniors Comprehensive	Finder Score 8.5 Great	If your car is written off in the first 2 years	Optional		Save 5% on your first year's car insurance premium by holding a valid Seniors Card. T&Cs apply.	Finder’s summary: Australian Seniors’ comprehensive policy includes complimentary hire car for a stolen car, up to $1,000 for a damaged trailer or caravan, up to $500 for emergency travel and accommodation cover. Who it might be good for: People over 50 years old looking for flexible cover options.	Get Quote More info Compare product selection Compare	loading
Finder Score 8 Great Huddle Comprehensive	Finder Score 8 Great	Up to 2 years from first registration, if first owner	Optional		Summary: Huddle's comprehensive policy will cover you if your vehicle is damaged or lost as a result of a collision, a natural event, a malicious act, theft or fire. It also includes up to $500 for essential repairs. Who it might be good for: Someone who drives less than 15,000 km a year can opt for Pay As You Drive cover.	Get Quote More info Compare product selection Compare	loading
Finder Score 7.7 Great Real Comprehensive	Finder Score 7.7 Great	If your car is written off in the first 2 years	Optional		Summary: Real Comprehensive Car Insurance provides similar coverage to other insurers for the important stuff like looking after your car if it's stolen or you crash. It's also one of the few insurers who offer a Pay As You Drive policy, so you might be able to save big if you don't drive much. Who it might be good for: Those that don't drive much can take advantage of its Pay As You Drive policy.	Get Quote More info Compare product selection Compare	loading

loading

Load More

Showing 10 of 11 results

Compare other products

We currently don't have that product, but here are others to consider:

How we picked these

How does a new for old car replacement work?

If you've bought a new car and it gets written off in an accident, your insurer will replace it with a new one of the same make and model. This is sometimes known as a 'new car in case of write off' and is a standard inclusion of most comprehensive car insurance policies. This only applies to cars that have been assessed as a total loss after an insured incident, such as a crash, natural disaster, vandalism, or theft.

Most policies will only cover a replacement if the car is within 2 years of being purchased. However,
some insurers even offer new-for-old replacement for the life of your car under some circumstances. This is normally sold as an extra or as part of a top-end comprehensive policy and is subject to additional criteria.

On paper, it's a fantastic deal. But insurers don't necessarily make it easy. Depending on your insurer, you may have to meet the following criteria to qualify:

• You must be the first registered owner of the car.
• Your car must be less than 2 years old from new.
• You are often eligible for new car replacement even if the vehicle was pre-registered as a demo model by the dealer, but this is not the case with all insurers.
• If your vehicle was purchased with the aid of a car loan, your credit provider must give permission for the original vehicle to be replaced with a new one.

In what situation would I receive a replacement vehicle?

Most insurers will offer a new car replacement if your vehicle is a total loss, usually defined by three criteria.

• Your vehicle was stolen and could not be recovered for a specified period of time, for example, 14 days.
• The cost of repairing your vehicle exceeds the sum insured.
• Your car cannot be repaired well enough to ensure that it will be safe to drive.

What kind of car will I receive?

• Same make, model and series. The replacement car will basically be the current version of the car that was insured.
• Accessories and modifications included. If you loaded your new car with expensive optional extras, most insurers agree to provide you with a replacement vehicle kitted out in the same way.
• On-road costs are covered. Most insurers will cover compulsory third party (CTP) insurance and throw in stamp duty plus 12 months' registration.

What kind of car will I receive?

• Same make, model and series. The replacement car will basically be the current version of the car that was insured.
• Accessories and modifications included. If you loaded your new car with expensive optional extras, most insurers agree to provide you with a replacement vehicle kitted out in the same way.
• On-road costs are covered. Most insurers will cover compulsory third party (CTP) insurance and throw in stamp duty plus 12 months' registration.

What happens after my car is replaced?

This varies from insurer to insurer. In some cases, the insurer will transfer your policy to the new vehicle. In others, your cover ends, and you must obtain a new policy for your replacement car. Read the product disclosure statement (PDS) carefully to know exactly what rules apply

Is new car replacement worth it?

Most comprehensive policies, with a few exceptions, will automatically include new for old replacement cover. However, if you're wondering whether it's worth it, consider the following:

• Do you have a new car? First and foremost, it's only worth it if you are eligible. In most cases, your car needs to be less than 2 years old for you to be covered. There is also sometimes a 40,000km odometer limit.
• Do you live in an area prone to floods, storms or natural disasters? As Australia's climate crisis intensifies, the chances of extreme weather where you live increases. If your new car was written off due to an act of nature, a new car replacement benefit would ensure you got either one of the same model or of the same market value.
• Could you afford to replace your new car? New cars are expensive. Most of us couldn't afford to just go out and buy a new one if ours was written off. New for old replacement ensures you don't have to worry about that.
• What about if you're in a crash? New car replacement is designed to help you financially in case your car is written off. In most cases, this is because of a collision. If you're willing to take the risk with such a big investment, then new car insurance probably isn't worth it for you. Otherwise, it's a really helpful benefit you'll be thankful you got if something goes wrong.

Does it cost extra to get new for old car insurance cover?

Not really. Basically, if car insurers didn't offer it, it probably would result in very slightly cheaper premiums. However, most automatically include it in their comprehensive car insurance policies. Budget Direct, Youi, Coles, Virgin, Qantas and Real all cover new car replacements. If you want to go with a major provider, it's probably not going to cost you any more money.

One of the few car insurers to offer it as an optional extra is Bingle. However, if you wanted to add a new car replacement to a Bingle comprehensive policy, it'll only cost you around $2* more a month.

_{*$62.21 without new for old and $64.45 with new for old, based on a 30 year old male driving a 2019 Toyota Corolla (automatic).}

What type of exclusions are there?

• You will usually not be covered for any extended warranty you purchased for the original vehicle.
• A basic excess often applies, but some insurers will waive this if your car is written off in an accident where you were not at fault.
• Some insurers stipulate a maximum tare weight limit for the vehicle to be eligible for new car replacement.

What are the limitations of new car replacement plans?

The main pitfall with new car replacement insurance is its limited validity period. With most policies, as a soon as your car is more than two years old, or once you've crossed the 40,000km limit (depending on your policy, your sum insured will plummet if you've chosen market value rather than agreed value.

Another issue is the availability of a similar replacement car. Some insurers might not provide a car if they can't find a match, preferring to offer the market value as a cash reimbursement instead. This is particular relevant if your policy has a lifetime new for old replacement option.

If this happens, try finding a replacement yourself within your policy's time limit. Your insurer will be obligated to deliver it as your replacement.

What are the alternatives to new car replacement?

• Agreed value car insurance. Even if your car is less than two years old, you will usually not be eligible for a new car replacement if you are not the first registered owner. However, you can estimate how much a new replacement vehicle would cost and negotiate an agreed value to cover this with your insurer.
• New-for-old lifetime insurance. Some insurers will replace your car with a new one even after its second birthday if your vehicle has been continuously insured under a top-end comprehensive policy within 13 months of purchase. In this case, the insurer has the right to decide on a suitably similar new car, considering parameters such as engine size, type of finish, optional extras and so on.

Comprehensive car insurance policies that offer New Car Replacement

Table last updated January 2025

Written by

Cameron Thach

Writer

With a background in writing across education, Web3, and finance, Cameron’s mission is to create content that speaks directly to readers in a way that’s easy to understand, helping them navigate complex topics with confidence. Cameron studied a Bachelor of Commerce, Economics and Marketing at Macquarie University, graduating in 2019. See full bio