Cheapest car insurance in Australia
If you’re looking for a car insurance policy which doesn’t hurt your pocket, there are a few things you can do to lower your premiums.
>Compare online. Don’t go with the first policy you find. Shop around, and you could save thousands of dollars on your car insurance.
>Restrict drivers. Choosing not to let young drivers behind the wheel of your car can save you big bucks on your car insurance.
>Take a higher excess. You’ll have to pay more if it ever comes to making 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.
>Insure multiple vehicles. More than one car in your household? You can get cheaper insurance by bundling your policies.
>Insure more than your car. Insurers often offer multi-policy discounts if you bundle different insurance policies together. For example, you might have life insurance or home insurance with the same brand.
>Pay-as-you-go. If you don’t use your car much, consider a pay-as-you-drive insurance policy. They’re a cheaper alternative for people who seldomly use their vehicles.
>Look for no claims bonuses. If you’re a safe driver, finding an insurer that offers no claims bonuses can make a big difference to your premium. With each year you have a clean claims record, your premiums will be discounted.
>Reconsider your loyalty. Some insurers reward loyalty – but it’s not always the case. If you’ve been with your insurer a while, ask for a better price when it comes to renewal time. If the answer is no, compare your options and switch if you find a cheaper policy.
How much does car insurance cost?
That’s pretty tricky to say, because there are lots of different factors which influence the price of your car insurance. What car you have, where you keep it, your driving history, and the type of insurance you want are just a few things which can have a big impact on price.
We requested up to 36 quotes from 37 different car insurers as part of the 2019 Finder Awards. Once we averaged everything out, the cheapest provider was $2,643 less than the pricest!
While one budget car insurer cost an average $682 a year for a comprehensive policy, another reached a huge $3,325 a year!
Running a car is expensive enough, without pricey insurance to boot. Thankfully, there are heaps of options out there for budget car insurance, which doesn’t break the bank.
Average cost in Australia