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Compare third party car insurance

Our researchers gathered 200+ third party property damage quotes from 20 different insurers to help you compare your options.

Budget Direct Third Party Property Only

Budget Direct Third Party Property Only logo image
Promoted
  • Get a 15%* online discount
  • 24/7 Claims
  • Legal liability cover - up to $20m
  • Uninsured driver damage cover - up to $5k
Get Quote
*First year's premium for a new policy. T&Cs apply.

Third party property damage car insurance comparison

Name Product Accidental damage Damage to Other People's Car Fire and theft Roadside Assistance Legal Liability
Budget Direct Third Party Property Only
  • Optional add-on
    $20,000,000
    ⭐ 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.
    Youi Third Party Property Damage
  • $20,000,000
    ⭐ 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.
    Bingle Third Party Property Damage
  • $20,000,000
    Who it might be good for: Drivers who want a cheap policy and cover for damage to other people’s vehicles (but not your own car). It can also cover rideshare drivers.
    Qantas Third Party Property Only
  • Optional add-on
    Up to $20,000,000
    Earn Qantas Points when you sign up. T&Cs apply.
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    What does third party property damage car insurance cover?

    Third party

    Third party property car insurance

    Third party property car insurance covers you for damage to other people's property – for example someone else's car, home or shop. It covers only this and nothing else, up to a certain limit (commonly $20 million). This type of policy adds an additional layer of protection over the bare minimum compulsory third party insurance, and prevents you from having to be out of pocket for potentially enormous bills if you hit something expensive.

    third party, fire and theft

    Third party, fire and theft car insurance

    This is a step up from third party property insurance. In addition to covering you for costs if you damage someone else's property, it can pay to repair or replace your car if it's damaged by fire or stolen. However, it still doesn't cover you for damage done to your own car – only comprehensive car insurance covers you for this.

    Finder survey: What type of car insurance do people have?

    ResponseMaleFemale
    CTP & comprehensive83.96%81.23%
    CTP & third party property only5.21%6.13%
    I don't own a car/car insurance5.63%6.13%
    CTP & third party fire & theft2.5%3.83%
    CTP only2.71%2.68%
    Source: Finder survey by Pure Profile of 1006 Australians, December 2023

    Our picks

    If you've opted for third party property damage car insurance over comprehensive cover, you probably just want a cheap insurer that has a good reputation. To help you find one, our insurance team collected 250 third party property damage quotes from 20 popular providers, including those not currently available on Finder.

    We've hand-picked 2 based on price, features and complaints data. Both of the picks cover you for accidental damage your car causes to other people's property, including their vehicles.

    Why you can trust our research

    20 third party car insurance policies analysed

    250 prices gathered

    100+ hours of research

    Great for price: Virgin third party property damage car insurance

    Virgin Money

    Our verdict

    Virgin is consistently one of the cheapest third party policies available. Our team got 250 quotes for third-party car insurance from 20 popular providers. Virgin was the joint cheapest on average across all major states.

    Gary Ross Hunter
    Selected by Gary Ross Hunter – car insurance specialist
    More info

    Great for value: Budget Direct third party property damage car insurance

    Budget Direct car insurance

    Our verdict

    Budget Direct was the second cheapest third party policy, according to our research. To be exact, it was $1 more a year than Virgin! They're virtually the exact same policy but Budget Direct has more positive online reviews, so is still worth calling out.

    Gary Ross Hunter
    Selected by Gary Ross Hunter – car insurance specialist
    Get a quote

    How to find the best third party coverage for you

    1. Compare quotes

    Most third party car insurance policies are very similar so price is an important factor. If you think you're paying too much, compare car insurance policies to find a better deal.

    Pro tip: "To find the best deal, be really clear on the cover you want and compare 4–5 different options", says Finder's head of editorial Sarah Megginson.

    2. Choose a higher excess

    Your insurer will offer you a lower premium in return.

    Pro tip: We researched 20 third party policies. Allianz, Budget Direct and Virgin were the 3 cheapest and come with variable excess options.

    3. Restrict drivers

    You can get a cheaper car insurance policy by restricting your policy to drivers over a certain age.

    Pro tip: Budget Direct has the biggest range of age restriction options of any major insurer: 21+, 25+, 30+, 40+ or 50+.

    4. Uninsured motorist damage

    Some third party policies cover damage to your own car caused by an uninsured driver. The cap is usually $5,000 but will vary between insurers.

    Pro tip: Insurers including Budget Direct, Youi, QBE and Kogan all offer this feature. Bingle and Allianz do not.

    5. Discounts

    Sign-up discounts can be a good way to pay less. Just make sure the policy is still the right fit for you.

    Pro tip: 39% of Aussies auto-renew their car insurance. Insurers often jack prices up significantly after the first year. To save, compare every 12 months.

    Is third party car insurance worth it?

    Could be good if you:

    • Have a low-value car. For example, if it's worth under $10,000. Sometimes it is not economically viable to insure for comprehensive, especially for lower value cars, or drivers with a higher excess (usually younger drivers).
    • It's all you can afford right now. Our research shows third party is more than half the price of a comprehensive policy.
    • Want more than the bare minimum (CTP) which only covers injuries to people. "I like knowing I'm covered for the costs of their repairs" says finance specialist Nicole Pedersen-McKinnon, "Even if I collide with a Maserati".

    Might not be good if you:

    • Own an expensive car. You could be thousands out of pocket if it was damaged.
    • Rely on your car. Could you afford to replace it if was written off?
    • Live in a high-risk area, e.g theft or weather events – in which case, consider third party fire & theft or comprehensive insurance instead.
    Aaron McAllister

    I had a third party property damage policy on my old car. It was a pretty run-down vehicle, plus I was always working from home and barely used it or left it unattended, so a comprehensive policy just wouldn't have been worth the money. A basic third party policy to protect me from the costs associated with damage to other people's property was all I needed at the time and cutting it right back was a good way to save money.
    — Aaron McAllister , Finder publisher and car owner

    Frequently asked questions

    Car insurance: Key terms to know

    Here's a summary of common definitions you'll see with car insurance. Plus what they actually mean to help you while you're comparing.

    More guides on Finder

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    10 Responses

      Default Gravatar
      TinaJanuary 23, 2024

      I have a car with hail damage only.
      Can I still get third-party insurance?

        AvatarFinder
        PetaJanuary 29, 2024Finder

        Hi Tina,
        Provided the car is still safe to drive, it should be possible to get third party car insurance. Good luck!

      Default Gravatar
      BjornJanuary 21, 2024

      I am 76, male, car worth less than $10,000, drive less than 5,000 km annually. What’s best, cheapest insurance for me, for damage to other cars only?

        AvatarFinder
        PetaJanuary 29, 2024Finder

        Hi Bjorn,
        What’s best or cheapest will depend on your personal circumstances and driver profile so I couldn’t recommend specific providers to you. Instead, I can share a few tips to help you find a cheaper policy:
        – Get quotes from at least 3-5 providers so you can see the difference in pricing on offer
        – Look for sign up discounts
        – Consider adjusting your excess; a higher excess means a lower premium. Just be sure you can still afford the excess in the event you’re required to pay it
        – Restrict drivers under 25 if you’re sure no one under that age will drive the car. This can help bring the cost down as insurers typically view younger drivers as more risky and can up the premium if they’re not excluded
        Remember, every policy varies so to ensure it covers what you need, read the product disclosure statement on the provider’s website.
        I hope this helps!

      Default Gravatar
      jamesDecember 29, 2023

      I have a 2004 Holden Berlina which has not been registerred nor driven for 5 years , it is now for sale, can I get CTP insurance for less than 12 months , even 6 month to match the proposed registration term.
      James

      Default Gravatar
      RyanSeptember 19, 2023

      Hello, I have an at fault claim from nearly 4 years ago, a driving under the influence of drugs charge for which I lost my licence for 6 months approx 3 years ago plus I have a criminal record for drug charges… Can you help me weed through the options, if any, available to me to take out a policy?

      Default Gravatar
      DANMay 26, 2023

      I’m interested in looking at car insurance which allows for some rideshare work. Can you provide a list?

        AvatarFinder
        JamesJune 6, 2023Finder

        Hi Dan,

        Thanks for the message. You can head to our guide to rideshare insurance here. More than a dozen providers offer some coverage for rideshare drivers.

        Best,

        James

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