What is a good price for comprehensive car insurance in Australia depends on your age, car value, location and driving history, but there are benchmarks for what is considered good value. For a 35 to 50-year-old driver with rating 1 no-claim bonus, living in a low to medium risk suburban or regional postcode and driving a $30,000 to $45,000 car like Toyota Corolla, Mazda3 or Hyundai Tucson with market value cover and $1,000 excess, a good price is $700 to $1,100 per year if paid annually. This would be achievable with budget insurers like Budget Direct, Bingle, Rollin or Youi. For the same driver and car in a high-risk postcode like Western Sydney or inner Brisbane, a good price is $1,100 to $1,500 per year. For a young driver under 25 with the same car, a good price is $1,400 to $2,200 per year, because young driver premiums are inherently higher. For an older driver over 50 in regional Australia driving a small hatch like Toyota Yaris or Suzuki Swift, a good price is $500 to $800 per year. For a high-performance car like BMW M3 or Tesla Model 3, a good price for a 35-year-old is $1,500 to $2,200 per year. If you are paying more than $1,800 per year for a standard $35,000 car as a 40-year-old with clean history, you are likely overpaying and should compare at least 5 quotes on Compare the Market or Finder, increase excess to $1,200, restrict drivers to over 25, and ensure you have rating 1 discount of 60% to 70%.
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