As part of the 2024 Finder car insurance awards, we compared over 30 comprehensive car insurance policies. CBA has generous benefit limits compared to many other car insurance brands, but its premiums are also significantly higher than average - particularly for young people. If price is your priority, you'll likely find cheaper car insurance elsewhere.
CBA has fairly expensive premiums with an average annual cost of $1,698 - 25% higher than average. Younger drivers saw even higher premiums, some even surpassing $4,000. However, this is coupled with higher benefit limits and the best car insurance for you may not always be dependent on price alone.
Keep in mind, the below table is based off a fictional profile and your own quote will differ.
| Insurer | NSW | QLD | SA | TAS | VIC | WA | Australia average | Apply |
|---|---|---|---|---|---|---|---|---|
 | $2,122 | $1,517 | $1,542 | $1,240 | $2,230 | $1,536 | $1,698 | |
 | $1,148 | $941 | $978 | $829 | $1,180 | $880 | $992 | |
 | $1,640 | $1,307 | $1,087 | $1,155 | $1,599 | $1,363 | $1,359 | |
 | $2,027 | $1,154 | $1,038 | $1,004 | N/A | $1,034 | $1,043 | |
 | $1,884 | $1,106 | $1,015 | $985 | $1,318 | $1,002 | $1,218 |
About our car insurance methodology
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GIO offers strong cover at a low price. However, drivers in QLD, SA and TAS will have to look elsewhere.
Is it time to make the switch? If you're not happy with your current car insurance provider then the answer might be yes.
Hi John,
Without knowing your full driving history, it’s hard to suggest car insurers that may be a good fit for you. If your previous claims have been due to at fault accidents, then you may find this page helpful: https://www.finder.com.au/car-insurance/high-risk-car-insurance. If your previous claims are related to other things, then I’d suggest getting in touch with an insurance broker to see if they can connect you with any specialist providers.
All the best!
Peta