Finding the cheapest car insurance for you will depend on your personal circumstances and the level of cover you're after. Our experts have chosen a bunch of picks that will be great for a range of people, but these should only be used as a guide. You should always read the product disclosure statement (PDS) to know which car insurance is a good fit for you and your budget.
Cheapest car insurance: Budget Direct Comprehensive
Pros
2026 Finder Award winner for Best Low Cost Car Insurance.
Customers receive a similar level of cover to other insurers but at a lower price point.
15% off your first year premium just by signing up online.
Cons
Limited cover for personal effects.
Lower liability limit than other insurers.
Accidental damage:
Fire and theft:
Storm:
Roadside assistance: $89.95 Hire car after theft: Up to $1,500 - Up to 21 days Personal effects: Up to $500 Agreed or market value: Agreed or Market
For the 2026 Finder Awards, our judges believed Budget Direct offered one of the cheapest comprehensive policies in the market. Because of this, it won the 2026 Finder Car Insurance Award for Low Cost car insurance.
Cheap car insurance with great customer service: Youi
Pros
Back to back Finder Customer Satisfaction Award winner.
It offers more than most – for example, it automatically includes roadside assistance. Other major insurers do not.
Youi customers rated the insurer 4.38/5 . It scored particularly well for customer service. 93% of those surveyed said they'd recommend Youi to a friend.
Cons
You can start your quote online but need to finish it with a phone call, which isn't ideal if you want an all-online experience. Pro tip: avoid the phone call by getting your quote on a Sunday.
Youi roadside assistance only covers the first 2 call-outs in a year.
If you don't press them for a cheaper quote, your initial quote can come out quite expensive.
Accidental damage:
Fire and theft:
Storm:
Roadside assistance: $0 Hire car after theft: Limit not disclosed - Up to 21 days Personal effects: Up to $750 Agreed or market value: Agreed or Market
We picked Youi Comprehensive car insurance as our top pick for cheap insurance with good customer service because that's exactly what it offers. While it's not the cheapest on the market, it's a great option for those who are budget conscious, want decent coverage and care about customer service. Our own team has had plenty of luck getting a cheaper quote simply just by asking, so don't always accept the first quote you get from them!
Cheap car insurance for young drivers: ROLLiN' Comprehensive
Pros
ROLLiN' won't hit you with an additional excess based on your age – you'll just pay $800 per named driver. This isn't standard. For example, Bingle charges an extra age excess of $600 if the driver is under 25 years old.
ROLLiN' offers agreed value cover, giving you more control when it comes to your payout if your car's written off.
There is no exit fee if you choose to cancel your policy. Other providers charge a fee of around $40.
Cons
Every month, your premium is recalculated and renewed. This means it can increase or decrease from month to month with no indication of what your next bill will look like.
With ROLLiN', there's no cover for personal items (such as your phone or laptop) if they're damaged or stolen. Most other insurers offer personal effects cover of up to $500, $700 or $1,000.
Unlisted drivers need to pay a $3,000 excess.
Accidental damage:
Fire and theft:
Storm:
Roadside assistance: $0 Hire car after theft: Up to $80 per day - Up to 21 days Personal effects: Agreed or market value: Agreed
ROLLiN' car insurance is a great option for those who want flexible and affordable car insurance that still includes a good level of coverage. It was the second cheapest provider on average according to our research.
Every month, we ask hundreds of Australians what they're paying for car insurance. To show you how age impacts the cost of your monthly premium, we've broken these numbers down by generation. Here's what their bill looked like in January 2026.
Baby boomers: $104
Gen X: $132
Gen Y: $172
Gen Z: $188
Price based on 600+ responses about their monthly premium in January 2026.
Cheap car insurance
Comprehensive car insurance is the only level of cover that protects your car as well as others. Prices start from around $1,116 per year, according to Finder research. Below is a list of the top 5 cheapest car insurance policies, per that research.
Finder sourced over 1,400 car insurance quotes based on multiple driver profiles from 40 comprehensive policies. We've broken our research down by state — these are the cheapest policies. Keep in mind, costs differ based on your own circumstances.
Compare online. Loyalty doesn't pay with car insurance – the best value policy today might be more expensive when it renews next year. Shop around and you could save hundreds of dollars.
Restrict drivers. Choosing not to let drivers under 25 drive your car can lead to a premium saving.
Choose a higher excess. You'll have to pay more upfront to make a claim, but taking a higher excess will lower your regular premiums.
Pay annually. Some car insurers offer discounts if you're able to pay your annual premium upfront rather than in monthly instalments.
"When I got my renewal notice, my car insurance premium was due to increase by 21%. I got quotes from 5 other providers and then called my existing provider to let them know I was thinking of switching. They immediately knocked about $200 off the renewal cost and became the cheapest provider of those I'd researched. Not only did I get a cheaper deal, I got to stay with the insurer of my preference and didn't have to compromise on any features."
Peta Taylor
Associate publisher
Frequently asked questions about cheap car insurance
Generally, yes. If you buy a cheaper, more simple car insurance policy for your needs now, you can typically adjust it to include more thorough coverage later. Many comprehensive policies will allow you to add further coverage later as needed.
According to the 2025 Finder Awards, Bingle offers the cheapest comprehensive car insurance. Keep in mind, the cost of your policy will differ depending on your own circumstances and this should be used as a guide only.
Based on Finder's 2025 Awards research, Bingle, ALDI, and RoLLiN' offer some of the cheapest car insurance policies on average in Australia.
Younger drivers will generally pay more for car insurance than older drivers. That's because insurers see young drivers as being more likely to have an accident due to having less driving experience. This means, in an insurer's eyes, there's a higher likelihood of those under 25 having to make a claim on their policy.
Compulsory third party (CTP) car insurance generally costs between $430 and $750 per year but this will depend on the model and usage of your car.
CTP insurance, which is legally required to register a car in Australia, protects you from legal costs that result from injuries and deaths suffered on the road. It doesn't cover any kind of vehicle damage or damage to any other type of property.
A really good option for finding cheap cover is to compare a range of policies that offer rideshare insurance. Keep in mind that not all car insurance providers offer rideshare cover while some will only offer a rideshare extension on their comprehensive plans.
As with any car insurance, your ability to find the cheapest cover differs depending on things like your age, occupation, the vehicle you drive and the area you live in.
Yes, there are often online discounts available for new customers. You can view a range of car insurance discounts here.
Bingle keeps premiums low by operating online-only rather than having expensive bricks and mortar premises to interact with customers. They also offer limited extras, focusing on essential coverage to cut down costs.
Budget Direct and Bingle are known as being affordable insurers, and are often among the cheapest providers, particularly for younger drivers. They offer affordable third-party and comprehensive policies, but the range of coverage is generally more restrictive, which reduces their claim payouts. This allows them to charge lower premiums, while still turning a profit.
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.
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Peta Taylor is a publisher at Finder, working across all of insurance. She's been analysing product disclosure statements and publishing articles for over 2 years. Peta is passionate about demystifying complex insurance products to help users make well educated decisions with confidence. Peta is part of Finder's insurance awards team and works alongside editorial and insights experts to bring users the best insurance products every year.
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This article runs through the ins and outs of choosing a good third party property damage car insurance policy.
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