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Keep in mind, these are the insurers that typically offer the cheapest options according to our research – but your prices will differ depending on your age, driving history, the car you drive and the the state you live in.
Comprehensive car insurance is the only level of cover that protects your car as well as others. It can start from an average of $767 per year, according to Finder research.
To determine these average costs, we sourced over 1,100 quotes from 30+ policies. To get a fair estimation of prices, we used 36 different driver profiles across different ages, genders and states.
Your premiums may differ depending on your gender, the type of car you drive, the colour of the car, how long you have been driving, your driving history and the amount of cover you need.
Budget Direct is cheaper than almost all of its competitors but covers more than other budget brands. That's why it won our Best Value Finder Award in 2023.
It won the 2023 Finder Award for best value car insurance. Why? Budget Direct covers the same as other insurers but charges a lot less. The average comprehensive policy costs $1,004 per year, according to our research of 32 brands. That's cheaper than 27 others including NRMA, Allianz and QBE by at least $200 per year.
It's cheap but you actually get quite a lot for your money (damage to your own car, theft cover, severe weather cover, towing costs, new car replacement cover, a hire car if you're in a no-fault accident and more).
There are lots of ways to lower your costs further. For example, you can increase your excess, restrict drivers under a certain age and get a 15% online discount on your first year's premium.
It's not the cheapest policy on the market. If price is your sole concern, look elsewhere. Bingle tends to be around $200 per year less but won't cover you for as much.
As part of the awards process, Finder analysed over 30 comprehensive car insurance policies. The policies were ranked based on cost and features. The value score was a 50/50 split of cost and features.
Price
To determine the average prices, we got 1,182 quotes across 32 comprehensive car insurance policies. We used 36 different customer profiles across all major Australian states. Budget Direct was cheaper than average in all states where we got quotes.
Features
Our experts then researched and rated the same 20 features across the 32 comprehensive policies. In total, we scored 640 features.
Youi is good if you want a competitively priced policy that covers a bit more than other insurers (such as roadside assistance).
Youi won the 2023 Finder Car Insurance Award for best features. It's the only car insurance provider out of 32 to automatically include roadside assistance with its comprehensive policy.
On average, a policy cost just over $1,100 per year when we collected 30+ quotes. Only 6 insurers were cheaper and none include roadside assistance.
On top of roadside assistance, you get accidental damage, theft, towing, new car replacement, baby seat replacement, personalised registration plate cover and more.
You typically need to chat with someone over the phone to get a policy, which may be off-putting for some people.
As part of the awards process, Finder analysed over 30 comprehensive car insurance policies. The policies were ranked based on cost and features (inclusions). The features score was a 30/70 split of cost and features.
Price
To determine the average prices, we got 1,182 quotes across 32 comprehensive car insurance policies. We used 36 different customer profiles across all major Australian states. Youi was the seventh cheapest policy out of the 32 providers.
Features
Our experts researched and rated the same 20 features across 32 comprehensive policies. In total, we scored 640 features. Youi scored highly for a number of features including roadside assistance, essential emergency repairs, emergency transport and accommodation and a hire car after an accident.
Bingle is good if you want what is typically the cheapest comprehensive car insurance policy money can buy, according to our research. You may want to look elsewhere though if you want more than entry-level comprehensive cover.
Bingle offered the cheapest comprehensive car insurance out of all the providers included in our 2023 Awards.
It offers the standard inclusions you'd want with entry-level comprehensive cover. Bingle's policy covers damage to your vehicle, including after an accident, theft, fire or storm. It also covers accidental damage to other people's cars and property.
It's third party option is also typically one of the cheapest on the market if you want to downgrade from comprehensive cover.
Bingle is cheap because it covers you for the essentials and not much more. You'll have to pay extra if you want things such as hire car after an accident and new car replacement.
It's online-only. Some customers have complained about its poor customer service if you do need to make a claim.
We based our cheapest top pick on our awards data. We got a total of 1,182 quotes based on 36 different driver profiles (e.g. a 20-year-old female in NSW, a 20-year-old male in NSW, a 20-year-old female in WA, a 20-year-old male in WA and so on). The car model we used for all quotes was a 2018 Toyota Corolla Ascent 4 Door Sedan.
Out of 32 providers, Bingle was the cheapest comprehensive policy. On average, it was $54 cheaper than the second cheapest policy, ROLLiN'. While our pricing research was extensive, keep in mind it may not be the cheapest policy for you.
ROLLiN' is cheap for young drivers. It's good if you're in your 20s and you can cancel any time.
It's hard to beat on price. ROLLiN's comprehensive policy is typically the lowest-priced policy for 20-year-olds. It was $41 cheaper than Bingle, which was the second cheapest brand, according to our 2023 pricing research.
ROLLiN' won't hit you with an additional excess based on your age – you'll just pay $800 per named driver. This isn't standard. For example, Bingle charges an extra age excess of $600 if the driver is under 25 years old.
ROLLiN' offers agreed value cover, giving you more control when it comes to your payout if your car's written off.
We based our young drivers pick on the latest Finder Awards research for 2023.
We analysed costs for 32 brands across 5 age groups. ROLLiN' was second best for price on average and the cheapest for 20-year-olds. Its annual cost of $821.14 was beaten only by Bingle ($767.11). For younger drivers aged 20, ROLLiN' was the most cost-effective insurer on average in Australia.
Keep in mind, third party policies are cheaper because they don't cover damage to your own car.
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Cheap car insurance in your state
Finder sourced over 1,100 quotes based on multiple driver profiles from 30+ comprehensive policies. We've broken our research down by state. These are the cheapest policies. Keep in mind, costs differ based on your own circumstances.
We didn't include quotes for NT and ACT because the sample size was too small.
To determine these average costs for NSW, QLD, SA, TAS, VIC and WA, we sourced over 1,000 quotes from 30+ policies using 36 driver profiles across different ages, genders and locations. The pricing above reflects the average of these per state. We have displayed the top 5 cheapest providers for the state, as per the research.
Please note, while we've tried to include as many providers as possible, this is not a full market comparison. Read more about Finder's car insurance methodology.
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 and the amount of cover you need.
Be sure to read the product disclosure statement (PDS) to find cover that suits you.
Tips for finding cheap car insurance
Compare online. Loyalty doesn't pay with car insurance – the best value policy today might be more expensive when it renews next year. Shop around and you could save hundreds of dollars.
Restrict drivers. Choosing not to let drivers under 25 drive your car can lead to a premium saving.
Choose a higher excess. You'll have to pay more upfront to make a claim, but taking a higher excess will lower your regular premiums.
Pay annually. Some car insurers offer discounts if you're able to pay your annual premium upfront rather than in monthly instalments.
Keep your car in a garage. Your car is safer if it's kept in a garage or in an off-street parking spot, so your premium should be less.
Pay-as-you-go. If you don't use your car much, consider a pay-as-you-drive insurance policy. It can be a cheaper alternative if you drive fewer than 15,000km per year.
You don't always have to jump on board with a provider offering the lowest price. That's why we decided to include a value pick as well as one for cost. Take Budget Direct. They'll cover your personal belongings for up to $500 against theft or damage; plus, there's a separate benefit of $500 for child seats. Whereas Bingle only offers child seat cover. Yet overall, Bingle has more competitive pricing. Which is better, then? It really depends on your circumstances and the way you balance peace of mind against cost.
There are some powerful price levers to pull when it comes to car insurance, including opting for a larger excess or removing cover for under-25 drivers (if you're absolutely sure none will drive your car). Just don't skimp on rental car cover...they are expensive right now and repairs, because of hugely high demand, are taking ages.
I like a bargain, but I also like to know I'm actually getting some decent cover in return. That's why, for me, comprehensive car insurance is worth getting over third party cover, solely because it covers damage to your own car – plus, there are still a few cheap options.
With the cost of living skyrocketing, looking at your car insurance could be a huge opportunity to save. We reviewed over 1,000 comprehensive car insurance quotes and found a massive difference of $1,456 between the cheapest and most expensive policy. Bottom line – if you haven't shopped around recently, this is a huge chance to save money.
You pay the same as buying directly from the car insurer. Better still, we regularly run exclusive deals that you won't find on any other site – plus, our tables make it easy to compare policies.
We're experts
Our team of car insurance experts have researched and rated dozens of policies as part of our Finder Awards and published 330+ guides to make it easier for you to compare.
We're independent
Unlike other comparison sites, we're not owned by an insurer. That means our opinions are our own and we work with lots of car insurance brands, making it easier for you to find a good deal.
We're here to help
Since 2014, we've helped 300,000+ people find car insurance by explaining your cover options, simply and clearly. We'll never ask for your number or email. We're here to help you make a decision.
Frequently asked questions about cheap car insurance
According to Finder's 2023 Finder Awards, Bingle offers the cheapest comprehensive car insurance. Keep in mind, the cost of your policy will differ depending on your own circumstances and this should be used as a guide only.
According to Finder research, Bingle offers the cheapest comprehensive car insurance in NSW at an average of $849. You can view our price comparison and methodology for gathering quotes here.
According to Finder research, Bingle is the cheapest car insurance in Melbourne, at an average cost of $1,034. You can read the methodology for how we got these quotes here.
Based on Finder's 2023 Awards research, Bingle, RoLLiN' and Koba offer some of the cheapest car insurance policies on average in Australia.
Younger drivers will generally pay more for car insurance than older drivers. That's because insurers see young drivers as being more likely to have an accident due to having less driving experience. This means, in an insurer's eyes, there's a higher likelihood of those under 25 having to make a claim on their policy.
CTP insurance, which is legally required to register a car in Australia, protects you from legal costs that result from injuries and deaths suffered on the road. It doesn't cover any kind of vehicle damage or damage to any other type of property.
A really good option for finding cheap cover is to compare a range of policies that offer rideshare insurance. Keep in mind that not all car insurance providers offer rideshare cover while some will only offer a rideshare extension on their comprehensive plans.
As with any car insurance, your ability to find the cheapest cover differs depending on things like your age, occupation, the vehicle you drive and the area you live in.
Finder Awards Car Insurance 2023
Budget Direct car insurance PDS (accessed May 2023)
James Martin is the insurance editor at Finder. He has written on a range of insurance and finance topics for over 7 years. James often shares his insurance expertise as a media spokesperson and has appeared on Prime 7 News, WIN News, Insurance News, 7NEWS and The Guardian. He holds a Tier 1 General Insurance (General Advice) certification and a Tier 1 Generic Knowledge certification, both of which meet the requirements of ASIC Regulatory Guide 146 (RG146).
I’m afraid we may not be able to identify which of them offers the lowest rate as the insurance premium varies on the details that you will provide as you request for a quote. It may be good to click the Get Quote button above so you can start checking how each insurers charge based on your qualifications and the car that you own. There are also some deals available that you want to take advantage. You can click Get Deal for that.
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Hi sir
I am looking for cheapest car insurance
Pls help me about that
Hi Leon,
Thank you for reaching out to Finder.
I’m afraid we may not be able to identify which of them offers the lowest rate as the insurance premium varies on the details that you will provide as you request for a quote. It may be good to click the Get Quote button above so you can start checking how each insurers charge based on your qualifications and the car that you own. There are also some deals available that you want to take advantage. You can click Get Deal for that.
Hope this helps.
Kind Regards,
Mai