Are you looking for the cheapest car insurance? You’ve landed in the right place. Mozo has rounded up some of this month's top comprehensive car insurance deals from popular Australian insurers to save you time and money. Compare key policy details and discount offers before clicking to get a personalised online quote for your car.
Search promoted car insurance below. Advertiser disclosure.
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^See information about the Mozo Experts Choice Car insurance Awards
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Reviews, news, tips and guides to help find the best car insurance for you.
One of the best things about the car insurance market in Australia is that you’ve got plenty of choice. But often having so many options and variable quotes can make it hard to ensure you're being offered a good deal.
First you need to make in-depth comparisons between the insurance providers and the car insurance policies they offer. This should take into account the policy features and levels of cover to make sure your set of wheels are covered for a range of events. Then you also need to make sure the cover you opt for won’t break the bank.
Mozo’s car insurance policy snapshot table featured above provides an easy way to compare car insurance online. At a glance, you’ll be able to compare a range of important features like which discounts are on offer, whether you have the flexibility to choose your repairer, the excess levels, and how long it will take you to get a quote.
If you’re a super savvy researcher, you can dig that little bit deeper by hitting the ‘Details’ button where you’ll find even more information about the events covered and extra services available.
Once you’ve shortlisted the policies based on your needs, with some insurers you can click the ‘Go to Site’ button which will take you to the provider’s website where you can get a customised quote.
Mozo also has a wide range of car insurance guides to unpack the details future. If you’re confused about the difference between market and agreed value we’ve got a guide to help. Or if you want to understand how your premium is calculated we suggest you read our 2020 Car Insurance Report.
Haven’t got the time right now? We’ve summarised the must-knows for you in the FAQs list below.
Depending on the level of car insurance you purchase, this type of insurance policy covers you financially if you cause damage to your own and other people’s vehicles and property. It also relates to costs associated with physical injuries.
When you take out a car insurance policy, you’ll pay an agreed-upon premium (generally annually or monthly). This will need to be renewed at the end of each policy period.
The amount you pay corresponds with specified circumstances and items, and will help determine what your insurer will pay out if you make a car insurance claim.
To make a claim the accident or event needs to be within the agreed parameters of your policy. When you make a claim, contact your insurer and they’ll lead the process from there.
If your claim is successful, you’ll often be required to pay an excess before the agreed-upon costs are covered. Then, voilà! You’ve taken out a car insurance policy and made a car insurance claim.
Car insurance might seem confusing, especially if you’re a first time insurance customer. The first thing to understand are the three tiers of car insurance policies: CTP (also known as compulsory third party), third party property car insurance, and comprehensive car insurance.
Compulsory third party (CTP)
Compulsory third party (CTP) is also known as a greenslip and is required in Australia by law when you register your vehicle.
It provides the driver legal liability cover for injuries or death for which they’re responsible. How you go about procuring your CTP insurance differs slightly based on the state or territory you live in.
Third party property car insurance
Third party property car insurance is optional and covers damage to another person’s property but not to your own car. Third party is generally cheaper than a comprehensive policy and may be right for you if your wheels aren’t worth much.
Fire and theft is a popular additional option to this level of cover for people who park their cars in the street or live in an area with a high crime rate. It protects your car against damage caused by fire or theft, but not in the event of an on-the-road accident.
Comprehensive car insurance
These are the types of policies you’ll find compared in Mozo's product tables and are the highest level of car insurance. Comprehensive car insurance will cover you against accidental damage to other people’s property but also to any damage to your own vehicle, even if the accident is your fault.
Depending on the individual policy, comprehensive car insurance policies can cover you for damage to personal property within your car or the use of a rental car, as well as a host of other features.
While a comprehensive policy is the most expensive policy option, it can be made more affordable through a range of discounts, sign-on offers, and clever shopping around.
The cost of a comprehensive car insurance policy can change pretty significantly depending on who is asking for the quote. Every car insurer uses a different formulae to calculate premiums, so you never can tell exactly what determines the cost. Some commonly influential factors include:
How heavily some of these factors weigh in the insurer’s calculations really depends on the insurance company. With each provider putting a different price tag on your policy, it's super important to shop around and not just go with the first quote you get.
There are a range of discounts up for grabs so you can reduce your premium. Each insurer and car insurance policy is different, but across the market you could see the following discounts being offered.
Some providers don’t just cover your vehicle needs but also operate in home insurance or life insurance. They can reward you with discounts depending on the amount of policies you take out with them.
Some policies will be slashed (often for the first year) if you take them out online rather than in person at a branch. This is because it's essentially a more efficient, cost-effective way for the provider to sign-on new customers.
If you can guarantee there won’t be many drivers or restrict the age of the drivers listed on your policy, you could also be up for a discount on your premium.
If your parents have a car insurance policy with the same provider, you may be able to nab a discount on your own policy which is handy if you’re a first time car insurance customer. You might even be able to get a no-claims discount if you have been listed on your parents' insurance policy and not made a claim.
If you’ve held the same policy for a number of years, some car insurance providers will offer you a discount when it comes to renewal time. If they don’t, you should ask for one!
An increasingly popular discount in the car insurance market is to reward customers who choose an eco-friendly vehicle. If your car is fuel efficient or a green electric car, look out for policies that will slash your premium thanks to your environmentally-conscious ways.
The ‘excess’ is the amount of money you’ll have to pay your insurer upfront if you make a claim. Most car insurers offer you the option to choose your own excess level or give you a certain degree of leeway.
If you choose a really high excess, your premium will be cheaper but you’ll need to pay a higher amount to access your coverage when you make a claim. There are some basic excesses you might be required to pay including:
Car insurance policies are a little like snowflakes, no one policy is the same as the next. Some may come with features as standard, while others will require you to opt-in. Generally speaking, the more feature-rich your policy is the more expensive it will be. Some features to consider include:
We hope that this is just useful background info, but it’s important you know what to do after you’ve been in an accident and how to go about making a claim.
You’re going to need to have a few things on hand so that the claims
process runs as smoothly as possible. First of all, you’ll have to know
the details of the accident including:
The majority of insurers are riding the digital wave and will allow you to lodge and keep track of your claim online. But if you prefer to keep it old-school you can just as easily call your car insurance provider up. Some are available via phone 24/7 so that you can make a claim whenever you want.
When you make a claim on your insurance, you’ll have to pay your insurance excess upfront before any repair work begins on your car. Some other expenses to be aware of after a claim could include an increase in premium the following year, or if it was an at fault accident, a possible hit to your hard-earned no claims bonus.
Your insurer will base the cost of the insurance on the state or territory in which the car is registered, as well as your permanent address. If you drive interstate for a holiday or short-term period, your car insurance will be valid if you are in an accident.
If you're planning on spending a lot of time away from your registered address it's a good idea to check with your insurer if they have any limits on the number of days you can be out of the state and still be covered.
Most car insurance companies operate Australia-wide, but if you are looking to compare car insurance policies specifically in your state, Mozo has the details on localised providers, including those in:
A ‘no claims bonus’ is a discount that is applied to car insurance policyholders who have a clean track record and haven’t made any claims against their car insurance.
There are generally different discount tiers that apply depending on how long you’ve kept a claim-free history, but this amount can reach as high as 70% of your premium with some providers. The no claims period you’ve built up with one insurer, in most cases, can be transferred to another. Keep in mind you might not be offered the same discounted rate.
When comparing comprehensive car insurance online, you’re bound to come across the terms 'market value' and 'agreed value'. We have a dedicated guide to help you understand the difference. In short, market value is the amount your car would fetch on the open market while agreed value is a predetermined amount you and your insurer agree to cover your car for.
These figures become important when you make a claim or your car is written off in an accident or insured event.
If you car is deemed a write-off, your comprehensive car insurance policy will step in and either pay out the amount you are insured for, or pay for the purchase of a new car, minus your excess.
A car is considered a write-off when the costs to repair the damage outweighs the value of the vehicle. This will be determined by your insurer’s assessors.
If you’ve recently kitted your car out with a sweet stereo system or aftermarket sunroof, you have the choice of insuring your car for these additions or not. If you don’t upgrade your comprehensive insurance and you find yourself in an accident then your car insurer may deny your claim if the modification wasn’t listed on your policy.
Not all modifications will cause your insurance premium to increase. Some mods like an alarm system could even result in a premium reduction.
It's worth checking with your insurer prior to making modifications to make sure it won’t void your car insurance. The last thing you want is to get your car detailed and find out the insurer has a policy against insuring cars with a matt black paint job.
Most car insurance policy quotes are worked on an annual basis. While you will have the option to pay your insurance policy in full when signing up, the insurer might offer the option to pay for the cost in monthly instalments. With some insurers, this feature is offered at no extra cost, while others will include a small fee.
If you do opt for the monthly feature, it is a good idea to sign up for a direct debit so you don’t always have to remember your repayment date. There's nothing worse than going to make a claim only to find you’ve missed a payment and voided your insurance!
The simple answer is yes, you can have a learner driver listed on your car insurance policy.
Depending on what insurer you’re with, your child may or may not already be automatically covered. If they’re not, you will have to update your policy either online or over the phone to include them.
If you’re not sure whether your policy covers learner drivers, the safest thing to do is check. You can either give your insurance provider a quick call or read through your policy's Product Disclosure Statement (PDS).
You may have to pay a higher excess if you make a claim when a learner is in the driver's seat. This could be a learner driver excess, a young driver excess, an inexperienced driver excess or an undeclared driver excess.
If your child has their own car, it's a good idea to get it insured in their name sooner rather than later. That way they can start building up a no-claims bonus. For details, check out our full guide on learner drivers insurance.
You won’t necessarily have to take out your own car insurance policy once you get your provisional licence or Ps. This is only necessary if you purchase your own car that's registered in your name. If you’re under 25 you can usually stay on your parents' insurance policy if you are driving a family car.
Young drivers car insurance will probably be more expensive. This is because car insurers typically take into account how much driving experience you have when determining the cost of your premium. Statistically, younger drivers are more likely to have accidents than older drivers, and therefore premiums go up accordingly.
One good thing about opting for your own car insurance policy – rather than just being included on your parents' – is that you’ll be able to start building up your no claims bonus policy discount.
Of course you could just as easily lose it if you are involved in an at-fault accident, or share equal responsibility for a crash.
They have been competitive on price and easy and quick to deal with. The con is, there is a bit of trouble logging in online because I wasn't registered. Took a while for them to work that out.
Read full reviewThey have been competitive on price and easy and quick to deal with. The con is, there is a bit of trouble logging in online because I wasn't registered. Took a while for them to work that out.
They offered good cover for the better price. We've yet to make a claim but they seem reliable.
Read full reviewThey offered good cover for the better price. We've yet to make a claim but they seem reliable.
GIO were very easy to make a claim with. The process was handled very efficiently.
Read full reviewGIO were very easy to make a claim with. The process was handled very efficiently.
