We analyse over 30 car insurance products and rate each one on price and features. What we get out the other end is a nice round number between 1 and 10 to help you start comparing.
To make sure we're comparing apples with apples, we collect quotes for 6 different personas, then work out the value of 19 different car insurance features. Our team then does some fancy maths to get the Finder Score, taking both price and features into account.
As part of the 2024 car insurance awards, Finder's experts researched 31 popular car insurance providers in Victoria to find which policy offers the best value for money.
According to our research, Budget Direct offers the best value policy for drivers in Victoria.
Keep in mind, the best car insurance for you will depend on your personal circumstances and the level of cover you need. The top pick below should be used as a guide only.
Best value car insurance in Victoria: Budget Direct
What we like about Budget Direct
It's cheap. The average policy costs $1180 a year, according to our research – $540 less than average.
Very similar level of cover to other major insurers such as NRMA and Allianz.
"I switched to Woolworths from another provider when I moved from NSW to Victoria. I was super happy with the product. They offered a great service at a decent price. In particular, I liked that they based the quote on mileage. Given I don’t do a lot of miles, I was able to secure a great rate. "
Harry A
Finder crew member
Cheap car insurance Victoria
Research from Finder's 2024 car insurance awards found Bingle car insurance to be the most budget-friendly car insurance for drivers in VIC.
Cheap car insurer in VIC: Bingle
What we like about Bingle
Typically the cheapest comprehensive car insurer in Victoria according to our awards.
Our research showed it cost $565 less than the average comprehensive policy.
Covers accidental loss or damage to your car, including theft and weather events.
It's online only. Some customers have complained they're difficult to contact.
Not as many inclusions as other comprehensive plans e.g. no new for old car replacement.
You can't choose your own mechanic to fix your car.
In Victoria, Compulsory Third Party is included with your rego. It's called the transport accident charge and it appears on the 'Registration Renewal Notice' VicRoads sends out.
The CTP insurance covers you for the injury or death caused by your vehicle to another person.
Make sure you renew your rego prior to the expiration date each year to ensure you are covered.
There are two other types of optional third party you can also purchase for your care, which include:
Third party property car insurance. This covers you if you damage someone else's car or property. It doesn't cover repair costs for your car. It could be good if you have a cheap car and can afford to replace it if it was written off.
Third party, fire and theft car insurance. This does the same as third party, plus covers you for fire and theft. It doesn't cover repair costs for your car. It might be a good option if comprehensive cover is too expensive.
Third party car insurance costs
We sourced over 80 quotes from 15 popular car insurance providers in Victoria. Below is a breakdown of the pricing. Keep in mind, these quotes are based on a fictional driver and your own costs will differ.
Comprehensive car insurance costs approximately $1,720 in Victoria, according to our research of over 30 policies, making it one of the most expensive states to get insurance in.
Compulsory Third Party is the only form of car insurance you need to get in Victoria. You can get this when you pay the transport accident charge.
Comprehensive car insurance in Victoria typically ranges from $750 to $1,500 annually, depending on a number of factors like age of the driver, age of the car, driving history and vehicle type. Drivers in Melbourne may face slightly higher premiums compared to regional areas.
Gary Ross Hunter has over 6 years of expertise writing about insurance, including life, health, home, and car insurance. Having reviewed hundreds of product disclosure statements and published over 800 articles, he loves simplifying complex insurance topics for everyday readers. Gary has contributed to major outlets like Yahoo Finance, The Sydney Morning Herald, and news.com.au, and holds a Bachelor of Arts (Honours) in English Literature from the University of Glasgow, along with a Tier 2 General Advice certification, ensuring his work adheres to ASIC’s RG146 standards. See full bio
Gary Ross's expertise
Gary Ross has written 622 Finder guides across topics including:
I moved 1 street, same suburb, car insurance advised additional $150 and $130 for each car payable for remaining 6 and 8 months of premium. I asked why this happens when in same suburb, reply was number of claims for actual address taken into account. I am being insured as the driver with my own unblemished history, not past tenants of a property, why is more than suburb considered? or is this just discrimination for rental property as cannot control what other drivers claim or how they drive?
NikkiApril 18, 2018
Hi Su
Hi there, this is Nikki. Welcome to finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?
I’m sorry to hear about this. I can see your frustration. As much as we want to assist you on this, you’d have to check the terms and conditions on your insurance policy as this may suggest if your address would affect any claims / payables in premiums.
Please note that we’re a product comparison website and we hold no affiliation with any company we feature on our site. We provide general information on products to assist you in your buying decision process hence we cannot recommend product / service that is rightfully fit for you.
Hope this helps! Feel free to message us anytime should you have further questions.
Cheers,
Nikki
PeterJune 25, 2017
I’m looking at buying comprehensive car insurance for my 23yo daughter – car previously insured in my name – I’m finding the quotes from Bingle to be $200-$400 cheaper that other insurance companies.
Am I missing something or are they really that much cheaper?
Finder
RenchJune 25, 2017Finder
Hi Peter,
Thanks for reaching out to us. Please note that we are not affiliated with any company we feature on our site and so we can only offer you general advice.
You can check these pages also for helpful information and you may compare your options:
Please click the name of your preferred insurance to find out the details. You may then select the “Get Quote” button to direct you to their official site and get a quote from them.
Hope this information helped.
Best regards,
Rench
PeterJune 25, 2017
Hi,
I think you misunderstood my question. I have done all the comparisons and obtained quotes and as best as i can, i have tried to apply the same criteria to each quote. They are all much the same price, between $1100 and $1400 with the exception of Bingle. The Bingle quote, depending in the variable excess, is around $830 – $950, roughly $200-$400 cheaper than the others.
I have been through the pds for Bingle and it appears to be no different to the other companies so i was wondering, with your experience, whether you know of any reason why Bingle is substantially cheaper?
Thanks,
Peter
Finder
RenchJune 25, 2017Finder
Hi Peter,
Thank you for clarifying that.
I understand. Bingle car insurance is issued by AAI Limited, which is part of the Suncorp Group. They are one of the company car insurances that we feature on our site. There is no need to worry. The fact that they are cheaper than others, that is one of their plus points to car insurance seekers. You may check more info on these page reviews:
Discover the steps to get affordable car insurance if you are under 25.
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Finder makes money from featured partners, but editorial opinions are our own.
Finder is one of Australia's leading comparison websites. We are committed to our readers and stand by our editorial principles.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
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I moved 1 street, same suburb, car insurance advised additional $150 and $130 for each car payable for remaining 6 and 8 months of premium. I asked why this happens when in same suburb, reply was number of claims for actual address taken into account. I am being insured as the driver with my own unblemished history, not past tenants of a property, why is more than suburb considered? or is this just discrimination for rental property as cannot control what other drivers claim or how they drive?
Hi Su
Hi there, this is Nikki. Welcome to finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?
I’m sorry to hear about this. I can see your frustration. As much as we want to assist you on this, you’d have to check the terms and conditions on your insurance policy as this may suggest if your address would affect any claims / payables in premiums.
Please note that we’re a product comparison website and we hold no affiliation with any company we feature on our site. We provide general information on products to assist you in your buying decision process hence we cannot recommend product / service that is rightfully fit for you.
Hope this helps! Feel free to message us anytime should you have further questions.
Cheers,
Nikki
I’m looking at buying comprehensive car insurance for my 23yo daughter – car previously insured in my name – I’m finding the quotes from Bingle to be $200-$400 cheaper that other insurance companies.
Am I missing something or are they really that much cheaper?
Hi Peter,
Thanks for reaching out to us. Please note that we are not affiliated with any company we feature on our site and so we can only offer you general advice.
You can check these pages also for helpful information and you may compare your options:
Please click the name of your preferred insurance to find out the details. You may then select the “Get Quote” button to direct you to their official site and get a quote from them.
Hope this information helped.
Best regards,
Rench
Hi,
I think you misunderstood my question. I have done all the comparisons and obtained quotes and as best as i can, i have tried to apply the same criteria to each quote. They are all much the same price, between $1100 and $1400 with the exception of Bingle. The Bingle quote, depending in the variable excess, is around $830 – $950, roughly $200-$400 cheaper than the others.
I have been through the pds for Bingle and it appears to be no different to the other companies so i was wondering, with your experience, whether you know of any reason why Bingle is substantially cheaper?
Thanks,
Peter
Hi Peter,
Thank you for clarifying that.
I understand. Bingle car insurance is issued by AAI Limited, which is part of the Suncorp Group. They are one of the company car insurances that we feature on our site. There is no need to worry. The fact that they are cheaper than others, that is one of their plus points to car insurance seekers. You may check more info on these page reviews:
Be sure to read through the terms, conditions, and features of the policies you’re interested to ensure you’re getting the right one for you.
I hope this helps.
Best regards,
Rench
I love all the options displayed but looking for comprehensive with road side assistance in all states. Can I have this as an add on option?
Hi Mandy,
finder.com.au is a comparison and information service and not actually an insurer.
The table on our comprehensive car insurance page lists some of the insurers in our panel who provide cover for 24/7 roadside assistance.
You can also get in touch with your chosen insurer directly and confirm if they can provide the cover you’re looking for.
All the best,
Zubair