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, or research further at our Victoria car insurance hub.