10 Best (and Cheapest) Car Insurance in Australia

15 min read
10 Best (and Cheapest) Car Insurance in Australia

Car insurance is a must in Australia. Damage to your car in an accident is quite expensive, and repairing any damage to your vehicle will likely be even more costly. That’s why it’s important to have a good car insurance policy in place.

But with so many different options available, it can be difficult to know which one is right for you. To help you make the best decision, we’ve compiled a list of the 10 best car insurance policies in Australia.

We’ve considered factors like coverage options, excesses, and premiums to find the policies that offer the best value for money. So whether you’re looking for comprehensive cover or just third-party property damage cover, we’re confident you’ll find one here.

Table of Contents
Types of car insurance
How much the insurer will have to cover for me?
Difference between agreed value and market value
What are the factors to consider when choosing a car insurance policy?
10 Best Car Insurance Policies Australia 2022
Qantas Insurance
Bingle Insurance
Budget Direct
Stella Insurance
Seniors Insurance
Huddle Insurance
Australian Warranty Network
QBE Car Insurance
Woolworths Car Insurance
do you need car insurance for accidents

Types of car insurance

If you’re like most people, you probably don’t think about car insurance all that much. But the truth is, it’s an important part of owning a car. So what are the different types of car insurance? Knowing the differences will help you choose the policy that’s right for you.

Comprehensive Car Insurance

Comprehensive car insurance is a type of insurance policy that offers full coverage for your car. This includes protection against damages caused by weather, theft, fire, and other events that are beyond your control.

Comprehensive car insurance is more extensive and inclusive than liability insurance, which only covers damages that you cause to another person or their property. This means, that if you’ve accidentally damaged another person’s car, the insurance company is viable on your behalf.

Compulsory Third Party Insurance

The Compulsory Third Party Insurance protects you in case you injure, damage, or kill someone in a road accident. It is mandatory to have CTP insurance in Australia if you own a vehicle. If you damage someone else’s vehicle, their CTP insurer will pay for the repair or replacement costs.

If you cause an accident and people are injured, your CTP insurer will pay for their medical and rehabilitation expenses. You will also be covered if you are sued for damages. In short, CTP insurance protects you from the financial burden of an accident.

Third-Party Fire and Theft

The Third Party Fire and Theft insurance covers damages to others’ cars and property, as well as your car in case it’s stolen or set on fire. It also covers you if you’re hit by an uninsured driver. This insurance is very important because it helps to protect you and your belongings in case of an accident or fire.

Unfortunately, many people don’t have this insurance, and as a result, they’re at risk of losing their car or possessions in the event of a fire or theft. It’s a more affordable option, though, its coverage is limited.

Third-party Property Damage

Third-party Property Damage insurance is a type of insurance that protects you from damage to your car, as well as damage to other people’s cars and property, like houses. This type of insurance is typically basic coverage only, but it can help to protect you financially if you are involved in an accident.

Third-party Property Damage insurance can be economical due to its limitations. As such, it is important to weigh the cost of the premium against the potential risk of damage before deciding whether or not to purchase add-ons.

how much are you covered with car insurance

How much the insurer will have to cover for me?

There are a few factors that go into determining how much your car insurer will have to cover for you in the event of an accident. The first is the type of coverage you have – if you have comprehensive coverage, your insurer will reimburse you for more damages than if you only have liability coverage.

The second is the deductible – this is the amount of money you will have to pay out-of-pocket before your insurer steps in. The higher your deductibles, the less your insurer will have to pay.

Finally, the amount of coverage you have also played a role – if you have a high coverage limit, your insurer will be on the hook for more damages than if you have a low limit. So, when it comes to how much your car insurer will have to cover for you, it really all depends on your individual situation.

Difference between agreed value and market value

Agreed value and market value are two terms that you will often hear when shopping for car insurance. So, what do they mean? Will these affect how much your policy provider covers your costs and replacement?

Agreed Value

Agreed value is the amount that you and your insurer agree to pay in the event of a claim. This amount is typically based on the current market value of your car.

Market Value

Market value, on the other hand, is the actual cash value of your car at the time of the accident. This amount can be higher or lower than the agreed value, depending on a number of factors, such as inflation and demand.

Ultimately, it is up to you to decide which type of coverage is right for you. Speak with your insurer to learn more about your options.

get your car insurance online

What are the factors to consider when choosing a car insurance policy?

Are you in the market for car insurance? There are a few things you should take into account when you’re shopping for car insurance.

Coverage type

First, what type of coverage do you need? Liability insurance covers damage to other people and property if you’re at fault in an accident. Collision insurance covers damage to your own car if you’re in an accident. Meanwhile, comprehensive insurance covers damage to your car from non-accident causes like fire, theft, or weather.

Other benefits

Other factors to consider include other benefits such as new for old replacement, towing, essential repairs, and personal protection. The best way to find the right policy for you is to compare different policies and speak to an insurance broker who can help you understand your options. With


You’ll also want to consider how much coverage you need – the amount of your deductible is a big factor here. A higher deductible will mean lower premiums, but it also means you’ll have to cover more costs yourself if you have an accident.

Compare rates

Make sure to compare rates from different companies before making a decision – sometimes, it pays to switch! You don’t have to stay in one company. Maybe you’ll find lesser options given the type of coverage you need.

Know their add-ons

Some things you might want to take into account are what add-ons and options are available, as well as whether or not the policy includes excess-free windscreen cover or hire car after an accident. You’ll also want to find out if roadside assistance is included in the event of a breakdown.

There are a few things you should keep in mind when choosing a car insurance policy. First, choose well. Don’t just go with the first policy you find. Take your time and compare different policies to see which one is right for you.

Second, ask for details. When you’re talking to an insurance agent, be sure to ask questions about the coverage, deductibles, and other details of the policy. Third, do some market research.

Check out online reviews and compare prices to make sure you’re getting a good deal on your car insurance.

By following these tips, you can choose the best car insurance policy for your needs.

10 Best Car Insurance Policies Australia 2022

Australians are some of the most passionate drivers in the world. And, when it comes to car insurance, we want the best policy for our needs. We’ve compiled a list of the 10 best policies available, so you can find the one that’s perfect for you.

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1. Coles

If you’re looking for a reliable and affordable option for car insurance, Coles Australia is a great choice. They manage claims 24/7 and have a one-week turnaround time, so you can get back on the road as soon as possible. Plus, they offer a Lifetime Guarantee on repairs, so you know your car will be in good hands. Plus, their fly-buys program lets you earn points towards future purchases.

Coles has two great options for car insurance. Comprehensive coverage protects you from the moment your keys are in hand, giving a hire car and new vehicle replacement if less than 2 years old or $200 grocery money whenever someone steals what they shouldn’t have!


  • Extensive coverage with different types of insurance available
  • Great rewards program
  • Quality service at a good price


  • Coles has control over who will do the repairs
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2. Qantas Insurance

With a 21-day money-back guarantee on all policies, Qantas Insurance is a great option for car insurance. You have the option to tailor-make your coverage to ensure that you are only paying for the features that you need. In addition, 24/7 Claims support is available if you need to make a claim. The Qantas App also makes it easy to manage your policy and make changes on the go.

Qantas Insurance offers a wide range of car insurance options to choose from, so you can find the right level of cover for your needs. From basic cover for damage to your vehicle to comprehensive cover that includes towing and hire car, Qantas Insurance has you covered. And in the event of an accident or emergency, our 24/7 roadside assistance and emergency travel services are there to help get you back on the road.


  • Fast turnaround of service
  • High limits for replacement
  • Has an app version if you want to check your coverage on the go


  • If you want your own repairer, you need to pay them a fee
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3. Bingle Insurance

If you’re looking for an insurance policy that won’t break the bank, Bingle is definitely worth considering. Bingle is also well-known for its low prices, making it a great option for budget-conscious drivers.

Third-Party Property Damage covers damage to other people’s property caused by your car. Comprehensive Car Insurance covers damage to your car from a wide range of events, including theft, fire and weather damage. Bingle Insurance also offers a range of additional coverages, such as Roadside Assistance and Excess Protection.


  • A low-cost option for basic coverage
  • Fast and all-digital sign-ups and claims for coverage
  • Has free windscreen claim


  • Limited coverage and can be accessed online only
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4. Budget Direct

Budget Direct offers solid coverage at a low cost, making it an excellent choice for budget-conscious drivers. In addition to comprehensive car insurance, they also offer third party property insurance, fire and theft so you can be sure you’re covered in the event of an accident.

Best of all, their customer service is outstanding, so you can rest assured that you’re in good hands. They offer to hire car cover for 14 days if they accept your claim, and you can receive a 15% discount if you apply online. Plus, their cover is hassle-free, so you won’t have to worry about any unexpected surprises.


  • Good quality insurance at a low cost
  • First 15% off for your first insurance
  • Easy to understand and fast process


  • It doesn’t come with a discount for multiple insurances
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5. Stella Insurance

If you’re looking for comprehensive car insurance at a competitive price, Stella Insurance is definitely worth considering. Stella is an insurance company that specializes in providing comprehensive cover for women. They offer a higher level of cover than most other insurers, and their prices are very competitive. In addition, Stella offers a range of additional benefits, such as personal accident cover and legal expenses cover.

They cover damage from domestic violence and loss of baby gear and belongings. So if you’re ever in a situation where you need to make a claim, Stella will be there to help. And that’s what makes them the perfect choice for car insurance for women.


  • Comprehensive cover on what women need for their car
  • Higher covers and claims once accepted
  • Additional benefits for children


  • Roadside assistance, excess windscreen, and hire car are add-ons
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6. Seniors Insurance

If you’re over 50 and looking for car insurance, Australian Seniors is a great option. They offer a range of flexible cover options to suit your needs, and their comprehensive cover includes third-party damage and theft. Plus, they offer discounts for people who take out multiple policies. So if you’re looking for an insurer that offers great value for money, Australian Seniors is worth considering.

They offer Pay as You Drive cover, which means you only pay for the cover you need. Plus, they have flexible payment options to suit your budget, and their hassle-free claims process makes things easy for seniors.


  • Offers competitive rates in the market
  • Smooth and fast processing of claims
  • More detailed coverage for seniors


  • Choice of repairer is not allowed
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7. Huddle Insurance

One of the things that we like about Huddle is that they offer a pay-per-km policy option, which is great for people who don’t drive very often. And even though their rates are very competitive, they still offer a very generous level of coverage. Plus, you can file a claim online anytime, day or night, which is extremely convenient.

If you’re looking for emergency assistance, fast and simple claims, and an affordable policy, Huddle Insurance is a great choice. With Huddle, you can choose your own repairer in the event of an accident, so you’re guaranteed to get the best possible service.


  • Pay per drive option
  • Choice of repairer
  • 30% discount if you drive below 15,000km in a year


  • Transparency and huddle bots can be annoying to some
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8. Australian Warranty Network

When your car breaks down, the last thing you want to worry about is how you’re going to pay for the repairs. That’s where the Australian Warranty Network comes in. They offer mechanical breakdown insurance that can help you cover the cost of unexpected repairs. A car breakdown can be a quick and stressful experience, so they’ve designed the claims process to be as seamless and stress-free as possible.

Servicing your car can be a hassle. You have to take time out of your busy schedule to drop it off at the mechanic, and then you have to wait around until it’s finished. If you have a warranty, you might not even be able to choose your own mechanic. Australian Warranty Network offers servicing flexibility anywhere in Australia. Plus, the 24/7 Support means that someone is always available to help if you have any questions or problems.


  • Efficient claim process
  • Clear directions and transparent processes
  • Get a massive job done quickly with quality service


  • Repairer might have dissimilar differential

9. QBE Car Insurance

QBE is a competitive option for car insurance that offers high cover limits and a car replacement benefit of up to three years. Accident damage and fire are also covered, making it a comprehensive option. QBE also provides cover for windscreen and window damage, as well as towing and emergency repairs. In addition, QBE offers a courtesy car benefit so that you can continue to get around while your car is being repaired.

There are many things to consider when choosing car insurance, and it can be difficult to know which policy is right for you. However, if you’re looking for a comprehensive cover with a few added extras, QBE could be a great option. QBE offers a change of vehicle cover in the event that your car is stolen, as well as a hire car following a theft. In addition, QBE will cover your travelling expenses if you’re involved in an accident and a lifetime repair guarantee for manufacturer-approved repairs. With a range of flexible payment options and 24/7 assistance, QBE provides peace of mind on the road.


  • Longest periods of replacement
  • Available in agreed or market value
  • Flexible excess options


  • No multi-policy discount
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10. Woolworths Car Insurance

Woolworths Car Insurance is a great option for those looking for flexibility and value. Their policies offer both market value and agreed value options, so you can choose the coverage that best suits your needs. Plus, new policyholders can save 15% on their premiums. And if you have young children, you’ll be glad to know that Woolworths will cover the cost of child safety seats.

Woolworths Car Insurance is a great car insurance option for those who are looking for a 24-hour helpline and $1 000 replacement key cover. Valuables and personal property damage are also covered, making it a great option for those who are looking for comprehensive cover. In addition, the excess is significantly lower than many other car insurance providers.


  • Can offer the agreed or market value of the vehicle
  • Pay accordingly to how much you use your car
  • Cost-competitive claims


  • Timeliness may be an issue for some drivers
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Choosing the right car insurance policy can be a difficult task. There are so many options available, and it can be hard to know which one is right for you. That’s why it’s important to do your research and read reviews before making a decision. To help you out, we’ve put together a list of the 10 best car insurance policies in Australia for 2022. We’ve also included a brief overview of each option, so you can make an informed decision about which one is right for you.

When it comes to car insurance, there’s no one-size-fits-all policy. The type and amount of coverage you need depend on a variety of factors, including the value of your car, your driving history, and your budget.

We’ve done the research so you don’t have to, and we’ve reviewed each policy to help you decide which one is right for you. We also explain why it’s important to have car insurance, and we provide some tips on what to look for when choosing a policy.

About Author

Jody Allen

Jody is the founder and essence of Stay at Home Mum. An insatiable appetite for reading from a very young age had Jody harbouring dreams of being a pu...Read Moreblished author since primary school. That deep-seeded need to write found its way to the public eye in 2011 with the launch of SAHM. Fast forward 4 years and a few thousand articles Jody has fulfilled her dream of being published in print. With the 2014 launch of Once a Month Cooking and 2015's Live Well on Less, thanks to Penguin Random House, Jody shows no signs of slowing down. The master of true native content, Jody lives and experiences first hand every word of advertorial she pens. Mum to two magnificent boys and wife to her beloved Brendan; Jody's voice is a sure fire winner when you need to talk to Mums. Read Less

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