
Get exclusive money-saving offers and guides
Straight to your inbox
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
We get it, insurance is boring. But what if we said you could save hundreds of dollars just by doing a little homework? Well, you can. And we're here to help.
Health insurance is made up of two separate products: hospital cover (for in-hospital services) and extras cover (for out-of-hospital services, such as dental).
Around 47% of Aussies have hospital cover and nearly 56% have extras cover, making health insurance one of our most regular bills. Despite this, Finder research shows that the average Australian only switches health funds every seven years.
With the average policy costing around $160 per person per month, switching can make a huge difference to your back pocket.
When you are looking for policies, it's also good to check what you're paying for so that you have a clear understanding of what you're covered for. It's important to note here that the level of cover you choose is up to you – but it's best to know all your options so you can get a little more bang for all those bucks you're paying out each month.
Hospital (If you're over 31 and haven't had cover, you'll also have loading)
Tier | Monthly average cost | Includes |
---|---|---|
Basic | $71.20 | Ambulance cover |
Bronze | $86.80 | Joint replacements, adenoids & cancer |
Silver | $105.65 | Dental surgery, lung, chest & heart issues |
Gold | $168 | Pregnancy, IVF & weight loss surgery |
Extras
Level | Monthly average cost | Includes |
---|---|---|
Basic | $12.85 |
|
Mid | $34.95 |
|
Top | $81 |
|
⚡Use your extras. Most extras policies include a yearly routine dental check-up, often with no out-of-pocket costs. Seeing the dentist a couple of times a year is one of the easiest ways to get value for your money.
⚡Don't sign up for a couples policy. You won't save any money by sharing a policy, and it could actually cost you more. For example, if you're on a top policy for pregnancy, you're both paying for treatment when only one of you needs cover.
⚡Switch regularly. Your hospital waiting periods will carry over to any new policy, so if you've already waited 12 months for pregnancy, you won't lose this by switching. As long as you're paying less for the same (or more) cover, your loyalty won't actually help you. There are always plenty of sign-up offers in the market too so you could score a month free or get a gift card.
Owning a car can be a big drain on your finances, from petrol and parking to maintenance and rego. Luckily, you can at least save some cash on insurance.
Based on our research below, a third party property damage policy can cost you an average of $31 a month, whilst a comprehensive car insurance policy is an average of $82 a month. Your costs will differ based on your own circumstances.
Brand | Third party only | Comprehensive | Apply |
---|---|---|---|
![]() | $234.02 | $388.32 | Get quote |
![]() | $266.37 | $519.37 | Get quote |
![]() | $353.01 | $723.17 | More info |
![]() | $236.85 | $725.64 | Get quote |
![]() | $246.32 | $754.67 | Get quote |
![]() | $360.58 | $836.07 | More info |
![]() | $580.24 | $939.55 | More info |
![]() | $811.00 | $1,315.68 | More info |
![]() | $246.63 | $1,633.59 | More info |
![]() | $335.97 | $2,054.44 | Get quote |
To determine this estimated cost, we sourced quotes using this profile:
Your cost will differ depending on your circumstances. Some things that can affect the cost of your quote include your gender, the type of car you drive, the colour of the car, how long you have been driving, the amount of cover you need, plus more. Be sure to read the PDS to find cover that suits you.
If your premiums have been rising, or you just signed up for a policy at the dealership, it could be a good time to review your policy.
⚡Check where you're getting your car serviced. If your car is no longer under warranty, you don't have to go with your car dealer's servicing team. You could save money by shopping around for other options.
⚡Fill up while fuel prices are low. Prices fluctuate by up to 50 cents a litre some weeks, so keep an eye on prices and when you notice a dip in your area, fill up the tank.
⚡Weigh up whether you really need your car. If you own a car but don't use it much, consider whether it's worth keeping. Between GoGet, Uber and just grabbing a e-bike, there are plenty of other options. The below chart from Finder research shows some side-by-side cost breakdowns depending on your weekly trips.
Trip length | Trips per week | Cheapest | 2nd cheapest | 3rd cheapest |
---|---|---|---|---|
30 min | 2 | GoGet $1,344 | Uber $3,518 | Own car $4,159 |
30 min | 6 | GoGet $3,558 | Own car $4,549 | Uber $10,742 |
30 min | 12 | Own car $5,132 | GoGet $6,756 | Uber $21,484 |
60 min | 2 | GoGet $2,492 | Own car $4,354 | Uber $6,878 |
60 min | 6 | GoGet $5,135 | Own car $6,756 | Uber $20,633 |
60 min | 12 | Own car $6,305 | GoGet $13,152 | Uber $41,265 |
Picture: GettyImages
Extras cover is the number one drawcard for Australians who take out private health cover, new research from Finder, Australia’s most visited comparison site, reveals.
Millions of Australians could be missing out saving money on their health insurance policy, according to Finder, Australia’s most visited comparison site.
We talk you through how to get home office insurance.
How to find the best car storage facility to keep your set of wheels safe and secure.
How home insurance can cover you for food spoilage and save you hundreds on wasted food.Â
Want hearing aid insurance? Home insurance is the answer.
All home insurance policies have a common list of covered events. These insured events include things like fire, storm and theft.
Millions of Australians are shopping around for cheaper health insurance in the new year, according to new research by Finder, Australia’s most visited comparison site.
Curious to know what happens if you commit insurance fraud on a home insurance claim? Here's what we know, and why you probably shouldn't do it.
Thinking about buying a BMW X7? See average car insurance costs and find out about prestige car insurance