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Comprehensive car insurance in Australia typically costs between $800 and $2,000 per year for an average vehicle, though premiums vary significantly based on the car's value, your age, driving history, location, and chosen excess. Younger drivers and high-risk postcodes attract substantially higher premiums.
The single biggest factors are the vehicle's value and type, the driver's age and claims history, and the postcode where the car is garaged. A 20-year-old in Sydney insuring a new SUV pays far more than a 45-year-old in a regional area insuring an older sedan. The level of cover, chosen excess, and optional extras also all influence the final premium.
Increasing your excess lowers your premium — but ensure you can afford the excess in the event of a claim. Limiting listed drivers, parking in a secure garage, and maintaining a clean claims record all help over time. Comparing quotes from multiple insurers via a broker is one of the most effective ways to ensure you are not overpaying for equivalent cover.
CoverMy connects you with licensed Australian insurance brokers who compete for your business.
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