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. On average, prices start from around $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.
Youi comprehensive car insurance is a competitively priced policy that gives you a lot for your money. It's a good option if you value good customer service and want to avoid big out-of-pocket expenses. If they don't quote you a price you're happy with, give them a call. This strategy has been tried and tested by several of the Finder team.
Youi was over $190 a year cheaper than the average comprehensive policy, according to Finder research.
It offers more than most – for example, it automatically includes roadside assistance. Other major insurers do not.
Youi customers rated the insurer 4.38/5 in our awards. It scored particularly well for customer service. 93% of those surveyed said they'd recommend Youi to a friend.
You can start your quote online but need to finish it with a phone call, which isn't ideal if you want an all-online experience. Pro tip: avoid the phone call by getting your quote on a Sunday.
Youi roadside assistance only covers the first 2 call-outs in a year.
If price is your sole consideration, there are cheaper insurers on the market.
All comprehensive car insurance policies include cover for accidental damage, legal liability, theft and weather events. This table shows where policies often differ.
We got 1,180+ quotes and analysed over 640 policy features. Youi's comprehensive car insurance covers more than most insurers yet remains cheaper than average.
Customer service
Finder surveyed 5,700 car insurance policy holders in Australia for the 2023 Finder Car Insurance Customer Satisfaction Awards. Youi was the national winner. It was highly rated by its customers, scoring 4.38/5. 93% of surveyed customers saying they'd recommend Youi to a friend.
Features
Youi won the 2023 Finder Car Insurance Award for Features because it includes more features and benefits, such as roadside assistance, in its standard policy than many other insurers.
Budget Direct is a great all-rounder. It's good if you want a cheap policy that's good value for money.
A budget-friendly comprehensive policy option that doesn't compromise on cover. You get very similar cover to other more expensive insurers but without the price tag. For these reasons, it won the Value award in Finder's 2023 Car Insurance Awards.
You can lower your costs by restricting drivers over a certain age. Budget Direct has the biggest range of any major car insurer: 21+, 25+, 30+, 40+ or 50+.
High customer ratings compared to other major insurers (4.32/5 on Finder) and a low proportion of complaints to the AFCA.
There are cheaper insurers but they cover less. If price is the biggest factor for you, Bingle is typically cheaper.
The product disclosure statement (PDS) spans over 2 different documents: part A details what's covered and part B includes the limits of that coverage in dollars. It's not a deal-breaker, just extra admin for you to read through.
The 15% online discount is only available to new customers, not those renewing their policy.
All comprehensive policies include cover for accidental damage to your own car, legal liability for damage to other people's property, theft and weather events. The below table shows where policies can vary, but this list is not exhaustive and you should read each PDS.
Our research of 37 providers shows Budget Direct is consistently cheaper than the average cost of car insurance in Australia. Based on the 1,180+ quotes we collected, the average cost of a comprehensive policy is $1,345. Budget Direct's comprehensive policy costs an average of $1,004, over $300 less than average.
It's an award winner
Budget Direct has earned its place as one of Finder's picks for the best car insurance. It won the 2023 Finder Car Insurance Award for Best Value because it offers similar coverage to other more expensive insurers, yet remains cheaper than average. This is particularly valuable during the current cost of living crisis.
Customers love it
Budget Direct's customers rated it 4.32/5, according to Finder's 2023 Customer Satisfaction Awards. This places Budget Direct in the top 5 best rated car insurers out of the 15 that were assessed.
Bingle comprehensive car insurance is a very cheap option. It's almost never beaten on price. The catch? It only covers the essentials and it has an all-online customer service and claims team.
Bingle offers the cheapest comprehensive car insurance policy, according to Finder research. The average comprehensive policy in Australia costs $1,345. Bingle's average policy costs $767.
Bingle is great for those who need a comprehensive policy but don't want all the bells and whistles. It covers only the basics and the price reflects this.
Bingle's comprehensive car insurance policy can be paid in monthly instalments rather than annually in a lump sum.
Due to its lower cost, Bingle covers less than other car insurers. For example, there is no option to add on roadside assistance or personal effects cover.
To be covered for a new car replacement, you'll have to pay extra with Bingle. This feature comes included in most other car insurance policies, albeit at a higher price.
Bingle will only cover your car for its market value. Depending on your vehicle, this might not be adequate enough.
All comprehensive policies include cover for accidental damage to your own car, legal liability for damage to other people's property, theft and weather events. The below table shows where policies can vary, but this list is not exhaustive and you should read each PDS.
Due to Finder's eligibility criteria, Bingle was not able to be rated for the Finder Customer Satisfaction Awards. However, it is relatively poorly rated online, with many of its complaints about slow claim times and difficulty contacting it.
It's cheap
We researched 37 different providers and got over 1,180 quotes. On average, Bingle offers the cheapest comprehensive car insurance policy. It's $578 cheaper than the average Australian car insurance policy. For this reason, we selected it as our top pick for price. For those who simply want the cheapest, it fits the bill.
ROLLiN' is cheap for young drivers. It's good if you're in your 20s and you can cancel any time.
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.
There is no exit fee if you choose to cancel your policy. Other providers charge a fee of around $40.
Every month, your premium is recalculated and renewed. This means it can increase or decrease from month to month with no indication of what your next bill will look like.
With ROLLiN', there's no cover for personal items (such as your phone or laptop) if they're damaged or stolen. Most other insurers offer personal effects cover of up to $500, $700 or $1,000.
Unlisted drivers need to pay a $3,000 excess.
All comprehensive policies include cover for accidental damage to your own car, legal liability for damage to other people's property, theft and weather events. The below table shows where policies can vary, but this list is not exhaustive and you should read each PDS.
Provider
Average cost
Roadside assistance
Personal items
Locks and keys replacement
New car replacement
Customer satisfaction rating
RoLLiN'
$821
Not available
$0
Up to $1,000
Yes see PDS for limits
N/A
Budget Direct
$1,004
Optional extra
Up to $500
Up to $1,00-
Yes see PDS for limits
4.32/5
AAMI
$1,000
Optional extra
Up to $1,000
Optional extra
Yes see PDS for limits
4.32/5
Youi
$1,154
Included
Up to $750
Up to $1,000
Yes see PDS for limits
4.38/5
To get the annual price for RoLLiN', we multiplied the monthly premium provided at the time of quoting by 12. When purchasing a policy for a real driver, RoLLiN's price can increase or decrease each month when the quote to insure is recalculated and your cover is renewed. The above is a guide only.
Due to Finder's eligibility criteria, RoLLiN’ was not able to be rated for the Finder Customer Satisfaction Awards.
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.
Third party property damage car insurance is a cheaper alternative to comprehensive car insurance. Keep in mind though, 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.
Are you spending more than the average Aussie?
Australians spent an average of $117 per month on car insurance in October 2023, according to our consumer sentiment tracker – but it may be possible to lower costs to less than $70. Boomers pay the least ($91); while unsurprisingly Gen Z pays the most ($157). Females consistenly tend to pay more than males ($127 versus $109 in October).
When I got my renewal notice, my car insurance premium was due to increase by 21%. I got quotes from 5 other providers and then called my existing provider to let them know I was thinking of switching. They immediately knocked about $200 off the renewal cost and became the cheapest provider of those I'd researched. Not only did I get a cheaper deal, I got to stay with the insurer of my preference and didn't have to compromise on any features.
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.
PocketSmith's Global Household Spending Snapshot shows monthly spending on general insurance in September 2023 was 4% higher than September 2022, equating to a dollar value of $15. This adds up to be an annual dollar value of around $180. In a landscape where every cent counts, comparing your options is crucial.
Why you can trust Finder's car insurance experts
We're free
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.
James Martin was 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).
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