Car Insurance Tasmania

Stuck on who to choose? These 3 providers were ranked as the top 3 comprehensive providers for best value in our 2023 Finder Awards when looking at Tasmania.

1. Budget Direct Comprehensive

2. Youi Comprehensive

3. AAMI Comprehensive

_{Scores are based on our methodology. Your circumstances may differ.}

_{Updated April 2023}

What types of car insurance can I get in Tasmania?

Like the rest of Australia, there's 3 types of car insurance you can get in Tassie.

• Compulsory Third Party. This is the insurance that every car owner must have in Australia. CTP insurance covers you against medical costs in the event of a car accident, but will not pay for property damage or other expenses you are liable for. This is what the other types of car insurance are for.
• Third party property. This is similar to the above insurance, but also covers any property you damage, like a house or fences.
• Third Party Fire and Theft. You'll be covered for damages that you cause with your car to other drivers, but it doesn't cover your car. It does however cover your car if someone steals it and torches it.
• Comprehensive Cover. This is the broadest level of cover you can have for your car. It protects your property, and others.

The right policy for you is one that finds a balance between cost and protection.

• Personal liability: Personal liability expenses are the result of damaging someone else’s property, such as a house or car, in the course of an accident. Every type of car insurance, except CTP, typically covers this.
• Protection for your car: Depending on your policy type, you’ll get a different type of protection for your car. Personal liability expenses are covered by all policy types, car theft and fire damage are covered only by two of the three policy types, and only comprehensive car insurance provides cover for a wide range of damage, including storms, flooding and more.

What you should look for in a car insurance policy

As you can see from above, comprehensive cover is the best car insurance cover that you can get. There are add-ons that you can include in your policy that could provide you with extra cover should you choose. You should decide whether you want:

• Choice of repairer
• Roadside assistance
• An award winner
• Windscreen protection
• Extra nominated drivers

You should check the PDS before buying a policy to see if it covers everything you need.

Tasmania car theft statistics

According to the National Motor Vehicle Theft Reduction Council (NMVTRC), Tasmania in 2017 had 8.3% more car thefts than 2016. The total of cars stolen was 1,298. Looking back to 2013, Tasmania has had a steadily increasing problem with car crime.

85.6% of vehicles stolen were Passenger/light commercial vehicles. 9.4% were motorcycles.

Worst locations in Tasmania for motor vehicle theft

The Tasmanian places where thieves were most active are:

1. Launceston (341)
2. Glenorchy (233 - had a 23.9% increase over 2016)
3. Clarence (150)
4. Hobart (143)
5. Brighton Municipality (83)

When are thefts most likely to happen?

Tasmanian thieves appeared to operate mostly on Friday evenings between 20:00 and 23:59. Also, Sunday evenings during the same time period experienced a lot of thefts.

Tasmania top 5 most stolen vehicles

Tasmanian crooks generally favoured cars produced in the 1990s. The top five most stolen models were:

1. The Nissan Pulsar N15 - 1995-2000 model years
2. The Toyota Hilux - 1998 to 2004 model year
3. Ford Courier PD - 1996-1999 production years
4. Nissan Patrol GQ - 1988 - 1997
5. Nissan Patrol GY - From 1997 onwards

Two-thirds of thefts typically fell into the $0-$5,000 price band. After that, 18% were in the $5,000 to $10,000 price range.

Who has the cheapest car insurance in Tasmania

The cost of car insurance in Tasmania is based on the same factors as in the rest of the country. The more likely you are to make a claim, the higher your premiums will be, which includes consideration of factors such as age, driving record and what type of car you have.

• Tasmania has some of the lowest average car insurance prices in Australia

For our 2021 Finder Awards, we analysed quotes from 35 car insurance companies where possible and found the 3 cheapest providers based on their average cost for a comprehensive car insurance policy in Tasmania. For full methodology, head here.

Here are the 3 cheapest insurers in Tasmania according to our criteria

Brand	Price	Apply
	$535	More info
	$703	Get quote
	$717	More info

*Always check the PDS on the provider page before making a decision.

How does Tasmania compare to other states?

To determine this estimated cost, we sourced monthly quotes from 5 providers using the profile mentioned in our methodology below.

• Our methodology

  • Comprehensive car insurance policy
  • Female driver born in 1990
  • Driving a silver 2018 Toyota Corolla Hatchback Hybrid 5dr Auto
  • Safe driver with no claims made in the past 3 years
  • Drives more than 20,000 kilometres per year

  • Adjusted excess to $850 where possible
  • Averaged out quotes from randomly selected addresses in the following postcodes: 2153, 3294, 4102, 5082, 6162 and 7000.
  • Quotes sourced on 21 September 2021

  Your cost will differ depending on your circumstances. Some things that can affect the cost of your quote include your gender, the type of car you drive, the colour of the car, how long you have been driving, the amount of cover you need, plus more. Be sure to read the PDS to find cover that suits you.

• Stamp duty: Different financial services, including car insurance, are taxed at different levels around Australia. In Tasmania, the stamp duty tax is 10% of premiums paid. This is typically added to the cost.

Frequently Asked Questions

• What car insurance do I need in Tasmania?

  In Tasmania, you need Compulsory Third Party (CTP) insurance, which is included with your vehicle registration. You can choose to take out optional comprehensive or third-party property insurance.

• What is the cheapest car insurance in Tasmania?

  The cheapest car insurance varies depending on the specific coverage you're looking for. For instance, a higher excess means a cheaper car insurance premium. But broadly, Budget Direct and Bingle frequently offer competitive rates.

• Is it illegal to not have car insurance in Tasmania?

  Yes, it is illegal to drive in Tasmania without Compulsory Third Party (CTP), which provides cover and protects motor vehicle owners and drivers from being held financially responsible if they injure someone in a motor vehicle accident. The cost of this is included in the registration fee.

• Is CTP included in Rego in Tasmania?

  Yes, Compulsory Third Party (CTP) insurance is included in the vehicle registration fee in Tasmania.

• Do I need both comprehensive and third party insurance?

  No, you legally only need to hold compulsory third party insurance (CTP). Comprehensive insurance is not legally mandatory, it's just encouraged for those who have cars they couldn't afford to replace if anything happened to it.

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Written by

Andrew Munro

Editor

Andrew Munro was the global cryptocurrency editor at Finder. During his time he covered all aspects of cryptocurrency and the blockchain. Before he became cryptocurrency editor, he was a content writer for Finder covering various topics over his nearly 5 years in the role. Prior to joining Finder he was a web copywriter. Andrew has a Bachelor of Arts from the University of New South Wales. See full bio