The least expensive automotive insurance company in Australia changes depending on your profile, but price comparison data from Finder, Canstar, Compare the Market and ProductReview for 2024-2025 consistently shows that low-cost online insurers tend to be cheapest for safe, low-risk drivers. For comprehensive cover, Bingle, which is owned by Suncorp, Budget Direct, Rollin, which is targeted at under 35s, and Youi often quote the lowest annual premiums for drivers over 25 with a clean record and rating 1 no-claim bonus. For example, for a 35-year-old driver in Adelaide with a Toyota Corolla, Bingle and Budget Direct often quote $650-$850 per year compared to $1,200-$1,500 from larger insurers like NRMA, Allianz or QBE. However, cheapest is not always best for everyone. Bingle and Rollin achieve low prices by offering basic cover with no hire car after an accident, limited choice of repairer, and higher excesses for young or inexperienced drivers. For young drivers under 25, Rollin and Bingle can actually be more expensive than Youi or NRMA. For drivers over 50, Apia and Shannons can be cheaper. The best way to find the least expensive for you is to use a comparison site and get at least 5 quotes, increase your excess to $1,000-$1,500, choose market value, and maintain rating 1. Also consider pay-as-you-drive options like KOBA and Real Insurance if you drive under 15,000 km per year.
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