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What is the cheapest insurance in Australia?

Asked by Anonymous Oct 12, 2026 0 views 1 answers
Find out What is the cheapest insurance in Australia and explore helpful information and answers.


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Answered Oct 13, 2026
What is cheapest insurance in Australia depends on type, but cheapest is generally CTP green slip $400 to $800 per year mandatory for car, and contents insurance $200 to $400 per year for renters $20K contents with $20M liability, and car third party property $300 to $500 per year versus comprehensive $800 to $1,500. Cheapest insurance overall is CTP compulsory third party for car $400 to $800 per year covering injury to others $500K to $1M, mandatory for registration, with cheapest in NSW $400, QLD $350, VIC $500. For home, cheapest is renters contents $200 to $400 per year for $20K to $30K contents with $20M public liability, from Budget Direct $200, Youi $220, covering theft, fire and liability $20M for $100K to $500K claims. For building, cheapest is Budget Direct building $500K $1,000 to $1,200 per year versus NRMA $1,500. For health, cheapest is basic hospital $1,200 per year single. So cheapest insurance in Australia is CTP $400 to $800 mandatory and renters contents $200 to $400 per year, with third party car property $300 to $500 cheapest car insurance versus comprehensive $800 to $1,500, and contents $200 to $400 cheapest home insurance versus building $1,200 to $1,800, with Budget Direct and Youi offering cheapest premiums due to online discount and higher excess $800.
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