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Compare car insurance Australia
We found an average difference of $2,851^ between two car insurance policies. How much could you save by comparing car insurance?
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What is car insurance?
Car insurance is an agreement between you (the driver) and an insurer, in which you pay them a car insurance premium in exchange for them covering you in case something goes wrong. In Australia there are 4 levels of insurance. Compuslory Third Party (CTP) insurance is mandatory, and only covers injuries to other people and legal liability. If you want to cover your car or damage you might cause to other people's car, you'll need to look at extra insurance.
Your options are third party property damage, which covers damage you cause to other people's vehicles. Third party fire and theft polices cover you for that, plus any damage from fire and theft (surprise!). Comprehensive car insurance policies cover you if you're in an accident with someone else and need your vehicle repaired or replaced. It's the only type of policy that will cover you for pretty much any event, like storms, vandalism, and car crashes.
What types of car insurance can I get in Australia?
Comprehensive car insurance
If you want top cover, this is the option for you.
It covers theft, vandalism, storms, flood, hail, fire, key replacement, emergency accommodation, hire cars, accidental damage (to name a few) - plus everything that's covered by cheaper policies.
Third Party Fire & Theft
This gives you that little bit extra cover against life's uncertainties. This protects you if your car is stolen, as well as covering you for fire damage.
You're also covered if your car causes damage to someone else's property. But this type of policy won't really cover you if you're in an accident with another vehicle.
Third Party Property Damage
The most basic policy. This provides coverage for any damages you may cause to someone else's vehicle or property.
This means that if you smash into a Mercedes, you won't be paying the repair costs from your own pocket. However, it won't cover your own repair costs.
Compulsory Third Party
Commonly known as greenslip insurance, CTP is mandatory for every registered driver in Australia, and is included in your car rego in many states.
If you crash into another driver and they have to go to the hospital for injuries, CTP will cover their hospital expenses. It won't cover your car or someone else's car.
How much would you rather pay for your car insurance?
| Hire Car | New Car Replacement | Emergency travel & repairs | |
|---|---|---|---|
| Insurer A |
|
|
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| Insurer B |
|
|
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We collected real quotes from 12 well known Australian car insurance brands and found that the difference in the cost of car insurance can differ by up to $41 a month, or $414 a year! Insurer A is a budget car insurer, whilst Insurer B is a household car insurance name.
Whilst Insurer A is far cheaper than Insurer B, Insurer B actually offers far more cover, giving you benefits like hire car, new car replacement and emergency travel & repairs included in the cost of the policy. Insurer A does give you the option for these features, but you'll have to pay more to get them.
These prices are just indicative of how you can't just go off the cost of car insurance - you should also take into account what you're paying for. It's a good idea to not be tied to any insurer, and instead make your decision on cost and the kind of features available, depending on what's most important to you.
Our quotes were based off a female Sydneysider born in 1980, driving a 2015 Toyota Corolla.
What to expect from a car insurance quote
When you click through to one of our partner car insurance brands, you’ll be asked a few questions before getting your own personalised quote.
It should only take a couple of minutes, but there are a few things you’ll need to know:
The policy.
You’ll be asked what type of policy you want and when you want to start it. Don’t worry if you’re not sure yet, you can adjust these later.
Your car.
You’ll have to know the exact type of car you’re going to get before you get an accurate quote. You’ll also be asked about any non-standard features (like a custom paint job) and existing damage.
Your habits.
The insurer will want to know what you use your car for, how far you typically drive in a year, where you keep it, and other things like that.
The driver.
You’ll also have to share information about how long you’ve had your licence, whether it’s been suspended, and whether you’ve made car insurance claims in the past.
All of this is to help the insurer get an accurate picture of how likely you are to have an accident.
It’s important to be honest. If you deliberately mislead an insurer, your claim may be refused further down the line.
How to compare car insurance
Review your policy yearly.
The longer you stay with your insurer, the more they will reward you, right? Wrong. Some Aussie's are paying more each year, just for being loyal to their insurers. A good way to combat this is to review your policy every renewal period. If you can find a better policy somewhere else, don't hesitate to take your business there. Don't just check the cost of your policy, but also see whether you still need the same level of cover that you have now. Priorities change!
Don't get tied to a brand.
Don't just fall for a brand because you've seen their ads on tv. These policies might even be more expensive to offset their advertising costs! Instead, look for policies that suit you and your unique circumstances. Short on cash? It might be better for you to go for a budget insurer. Driving a brand new car? Then it's probably best to go for one of the high-end brands.
Compare car insurance policies.
You're probably tired of hearing this, we know, but this is probably the most important tip to getting the best car insurance deal for you. Don't rely on one website to give you your answer (even us!). Set aside 30 minutes, fill in a bunch of quotes, compare car insurance, and make your decision off that.
Use autofill.
Autofill is a quick and easy way to get lots of quotes for the least effort. It allows you to fill out commonly entered information in your quote form, so you're not stuck entering your details over and over again. It can be found on most browsers and makes the job of comparing so much easier.
Read the PDS.
We know it's daunting, but this one is crucial. Make sure you understand what you're covered for. If you've been seeing the same mechanic for 20 years only to find that a policy doesn't let you choose your own repairer, chances are it won't work out.
Case study: How to compare car insurance and save
Not sure where to start? Follow along as Finder's Managing Editor, Kate Browne, saves $400 a year on her car insurance.
Compare car insurance by state
Use the map below to compare car insurance based on your location.
Compare car insurance costs
^ When comparing policies for our 2021 Finder Awards, we found an average difference of $1,773 for men and $2,543 for women between two car insurance policies.
We found that on an average, a 30-year old man paid anything between $612 and $2,385 annually, while a 30-year old woman paid between $426 and $2,969 for a comprehensive policy. Once we averaged everything out, the cheapest provider was $2,851 less than the priciest! So think you're paying too much? You could be right.
Compare policies and see how much you could save.
These costs are based on an average of 36 driver profiles across 6 states in Australia. For our full methodology, head to our Finder Awards page.
For more insights on how much car insurance costs and a cost comparison between Australian companies, head to our dedicated page on car insurance costs.
How does Finder compare car insurance?
Don't like flicking through fine print? Got better things to do than check if a car insurer offers roadside assist? We're here to help you Find Better.
At Finder we do all the heavy lifting for you. We spend countless hours looking through policy documents so you don't have to and highlight the important policy features in a table so you can compare policies side-by-side. We choose to compare car insurance features as we believe that the value of your policy is more important than the cost. Features we look at include:
- Roadside assist
- Accidental damage
- Storm cover
- Choice of repairer
- Agreed or market value
- And more
Compare car insurance quotes
While Finder doesn't have the facilities in place right now to provide car insurance quotes, we can help you narrow down your search by showing you which insurers offer the features that are important to you. And unlike many other comparators who only provide quotes or compare car insurance policies from insurers they have a relationship with, Finder provides an unbiased comparison of car insurers both inside and outside of our panel.
What other guides does Finder have on car insurance?
Car insurance FAQs
Am I covered?
What happens if?
Understanding your policy
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