How much full comprehensive car insurance costs in Australia varies by age, location, driving history and car value, but national averages provide a guide. Full comprehensive means the highest level of cover including damage to your car from at-fault accidents, theft, fire, storm, flood, vandalism, plus damage you cause to others up to $20M, plus extras like hire car, towing, windscreen cover and new car replacement for 2 years. For a 35 to 50-year-old driver with rating 1 no-claim bonus, living in a suburban postcode and driving a $35,000 to $45,000 car like Toyota Camry, Mazda3 or Hyundai Tucson, full comprehensive costs $1,200 to $1,800 per year if paid annually, or $110 to $160 per month if paid monthly with loading. For a low-risk driver over 40 in regional Australia driving a Toyota Yaris or Suzuki Swift with market value and $1,000 excess, full comprehensive can be $600 to $900 per year with Budget Direct or Bingle. For a young driver under 25, full comprehensive is much more expensive at $1,800 to $3,500 per year for the same $35,000 car, especially in high-risk postcodes like Western Sydney or Logan in QLD. For high-performance cars like BMW M3, Mercedes C63 or Tesla Model 3 Performance, full comprehensive can be $2,500 to $4,500 per year. Factors that increase cost include previous at-fault claims, traffic offences, street parking, low excess of $400 to $600, and agreed value instead of market value. Increasing excess to $1,200 and choosing market value can reduce cost by 20% to 30%.
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