Victorians pay more in car insurance, finds Mozo research
When it comes to car insurance, Victorians pay on average $229 more than the rest of Australia. That’s according to Mozo’s 2020 Car Insurance Report. The same report also revealed that 74% of drivers in the garden state are using their wheels less than this time last year.
Car insurance premiums differ dramatically by state
While Victorians pay the most for car insurance, it was discovered that their neighbours across the pond pay the least. In fact, with an average yearly premium of $752, Tasmanian drivers pay around $200 less than the rest of the country. Plus $429 less than Victorian drivers, who pay an average of $1,181.
Check out the table below to find out how insurance premiums in your state stack up against the national average.
Shopping around could save Aussies money
Besides the difference between average car insurance premiums for each state, Mozo also found a significant gap between the most and least expensive premium quotes from different insurers.
In Victoria, the difference between the most and least expensive car insurance quotes for the same customer was a huge $1,168. This suggests that Aussies could save a heap of dollars, simply by gathering and comparing quotes from multiple insurers.
Where to start
You could start your research by checking out the winners of Mozo’s 2020 Experts Choice Awards for Car Insurance. These awards are conducted each year to determine which insurers are offering Aussies Exceptional Value and Exceptional Quality on car insurance policies.
Or if you are keen to get the ball rolling, why not take a look at the comprehensive car insurance policies below.
Compare comprehensive car insurance - page last updated October 17, 2020
Search promoted car insurance below. Advertiser disclosure.
Comprehensive Car Insurance
- Monthly premiums
- Yes Costs Extra
- Choice of repairer
- Optional Extra
- Choice of excess
- $500 - $1,850
- Agreed or market value
- Agreed Or Market
Available discounts
- Online Discount Up To 15%
Comprehensive Car Insurance
- Monthly premiums
- Yes Costs Extra
- Choice of repairer
- No
- Choice of excess
- $800 - $2,000
- Agreed or market value
- Agreed
Available discounts
- No Claim Discount
Comprehensive Car Insurance
- Monthly premiums
- Yes Costs Extra
- Choice of repairer
- Optional Extra
- Choice of excess
- $400 - $1,850 (varies By State)
- Agreed or market value
- Agreed Or Market
Available discounts
- No Claim Discount
Featured Product
Comprehensive Car Insurance
- Monthly premiums
- Yes
- Choice of repairer
- No
- Choice of excess
- $800 Flat Excess Fee
- Agreed or market value
- Agreed
Available discounts
- Temporary 30% Reduction In Premium To Help Ease COVID-19 Pressure.
Price Saver Comprehensive
- Monthly premiums
- Yes Costs Extra
- Choice of repairer
- Optional Extra
- Choice of excess
- $500 - $1,850
- Agreed or market value
- Agreed Or Market
Available discounts
- No Claim Discount
- Online Discount 15% Discount On First Year’s Premium When You Purchase Online
- Restricted Drivers Discount Available
^See information about the Mozo Experts Choice Car Insurance Awards
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.
