How much car insurance costs in Australia depends on the type of cover and your risk profile. Compulsory Third Party insurance, which is mandatory for registration and covers personal injury to others, costs $300 to $700 per year in states where it is included in registration like VIC, QLD, SA, WA and TAS, and $700 to $1,200 per year in NSW and ACT where you buy it separately from insurers like NRMA, Allianz or QBE. For optional comprehensive car insurance, which covers your car and damage you cause to others, the national average is $1,400 to $1,800 per year for a 35 to 50-year-old driver with rating 1 no-claim bonus driving a $35,000 to $45,000 car like Toyota Camry or Mazda3 in a suburban postcode. Young drivers under 25 pay $1,800 to $3,500 per year for the same car, and drivers of high-performance cars like BMW M3 or Ford Ranger Raptor can pay $2,500 to $4,500 per year. Low-risk drivers over 40 in regional areas with a small hatch like Toyota Yaris or Suzuki Swift can pay as low as $600 to $900 per year comprehensive with insurers like Budget Direct or Bingle. Third Party Property Damage only, which covers damage you cause to other people's cars and property but not your own car, is much cheaper at $300 to $600 per year. Factors that increase cost include living in high-claim postcodes like Western Sydney, previous at-fault claims, traffic offences, street parking, and high kilometres over 25,000 km per year.
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