From Perth to Potts Point, here’s how to save on your car insurance bill

Kelly Emmerton

28 Nov 2017

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Mozo research has revealed that where you call home can make a massive difference to how much you pay to insure your wheels, with drivers in some states paying 60% more for comprehensive car insurance than others.

Victorians are paying the most, with bills averaging $1,345. NSW and the Northern Territory aren’t far behind either, with average annual car insurance bills of $1,239 and $1,241 respectively. On the other end of the scale, Tasmanians are paying an average of just $811.

While some Aussies are happy to pay these prices for the sake of comprehensive cover for their wheels, others will be glad to hear that there are huge differences between the cheapest and most expensive policies in each state - which means for savvy drivers, there could be big savings on offer as well.

“Obviously, packing up your whole life and moving cities just to save on your car insurance isn’t realistic, but there are other ways to make sure you’re getting the best value possible when you sign on for comprehensive cover,” said Mozo Director Kirsty Lamont.

"There’s definitely savings out there for drivers who compare policies, with our data showing an average $1,000 difference between the cheapest and most expensive policy."

Ready to find the right car insurance policy for your needs and budget? Take a look at some competitive comprehensive policies in the table below.

Car Insurance Deals - November 2017 - rates updated daily

  • Promoted

    Budget Direct

    Budget Direct

    Comprehensive Car Insurance

    No claim
    Online discount up to 15%

    2 to 3 minutes

    costs extra

  • Promoted

    Virgin Money

    Virgin Money

    Price Saver Comprehensive

    No claim
    Online discount up to 15%
    Restricted Drivers Discount available

    2 to 3 minutes

    costs extra

  • Promoted

    Bingle

    Bingle

    Comprehensive Car Insurance Policy

    2 to 3 minutes

    costs extra

  • Promoted

    Youi

    Youi

    Comprehensive Car Insurance

    20% discount on Contents Insurance if Youi Car Insurance also held

    costs extra

  • Promoted

    Woolworths

    Woolworths

    Comprehensive Car Insurance

    Online discount 5%
    5% discount if you exclude drivers under 25
    Drive Less Pay Less option to reduce premiums for limited kilometres.

    2 to 3 minutes

    costs extra

Mozo’s top tips for choosing the best car insurance policy for you

  1. Decide what cover you need. Generally speaking, the more benefits your comprehensive policy covers, the more expensive it will be. Your job is to find a balance between getting the protection you need and the price tag you want. “There’s no point paying for the bells and whistles if you won’t use them. On the other hand, if you rely on your car to get to work, for example, you may be willing to pay a little more to be sure you’re fully covered in an emergency,” explained Lamont.

  2. Set yourself a budget. “It’s handy to sit down with your budget and decide how much money you can allot to your comprehensive car insurance. That way you can get the best cover possible without stretching your finances too thin,” said Lamont. Head over to our budget calculator to crunch the numbers on how much you can afford to spend.

  3. Check out the award-winners. Mozo recently awarded Experts Choice Awards to exceptional value and quality car insurance policies on the market today. So if you’re not sure where to start when searching for the right fight for you, either take a look at the table above, or head over to see our list of winners.

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