Car insurance
Car insurance quotes from licensed Australian brokers
One form, and brokers come back to you with comprehensive options. They can also tell you where a cheaper policy quietly gives something up.
- Licensed Australian brokers
- Free to use
- No obligation
Car insurance looks like a commodity until you compare two policies at the same price and find one pays a hire car for fourteen days and the other for seven, or one settles a near new car for a replacement vehicle and the other writes you a cheque for market value. A broker reads those differences for a living. CoverMy is free to use and takes about two minutes. You fill in one form, licensed Australian brokers pick it up, and they come back with options and an explanation of what separates them.
The levels of cover
Australian motor insurance sorts into a few tiers, and the right one depends on what the car is worth and what you could absorb yourself. Comprehensive covers damage to your own car as well as damage you cause to others. Third party property only covers the damage you cause to other people's property, not your own car. Third party fire and theft sits between them. None of these are compulsory third party, which is a separate scheme.
- Comprehensive: your car plus damage you cause to others, usually with extras like windscreen and hire car options
- Third party fire and theft: other people's property, plus fire and theft of your own car
- Third party property damage: other people's property only
- CTP or green slip: injury to people, arranged through your registration in most states
CTP is not the same thing
Compulsory third party insurance covers injury to people in a motor accident. It does not cover damage to any vehicle, including yours. In most states it is bundled with your registration, while in New South Wales and Queensland you choose the insurer when you register. Whatever the arrangement where you live, it leaves the entire cost of repairing or replacing cars sitting outside it. That is the gap the policies above fill.
Agreed value or market value
Market value means the insurer assesses what the car was worth immediately before the loss and pays that. Agreed value fixes the figure when the policy is written. Market value is often fine on an ordinary car that depreciates predictably. Agreed value suits cars where the value is harder to pin down, where you have spent money on modifications, or where you want certainty about the number. Agreed value usually costs more, and the figure is reviewed at each renewal.
What affects your premium
Insurers price the chance of a claim against what it would cost. The car itself matters, since repair costs and theft rates differ enormously between models. So does where it is parked overnight, how far you drive, and who is listed to drive it. Age and claims history over the past few years carry real weight, and adding a driver under 25 changes the number sharply. The excess is the lever most within your control. A higher excess lowers the premium but leaves more with you at claim time.
How it works
- 1
Tell us about your car and who drives it
2 min form
- 2
Licensed brokers review and compete on your quote
- 3
Compare offers and choose
No obligation
Frequently asked questions
How much is car insurance in Australia?
Too variable for a single answer. The car, your postcode, your age and claims history, the listed drivers and the excess all move the premium, and insurers weight those differently from each other. That is why the same driver can get quotes that differ by hundreds of dollars for similar cover. A broker can put your details to several insurers at once.
Do I still need CTP if I have comprehensive insurance?
Yes. CTP covers injury to people and is required to register a vehicle. Comprehensive covers damage to property, including your own car. They do different jobs and one does not replace the other.
Should I choose agreed value or market value?
It depends on the car. Market value is common and usually adequate on a standard vehicle. Agreed value gives certainty about the total loss figure and tends to suit cars that are modified, uncommon, or where you simply want to know the number in advance. Your broker can quote both and show you the premium difference.
Will a higher excess actually save me money?
Usually yes, and sometimes meaningfully. The trade off is that you carry more of a small claim yourself. There can also be additional excesses that apply regardless of your choice, such as an age excess when a young driver is behind the wheel. Ask for the full excess structure, not just the basic one.
Does my policy cover other people driving my car?
It depends how it is written. Some policies cover any licensed driver with your permission, others only cover listed drivers, and many apply an extra excess when an unlisted or young driver is involved. If someone else drives the car regularly, tell the insurer rather than assuming.
Does CoverMy sell the insurance?
No. CoverMy passes your request to licensed Australian brokers who contact you directly. The advice, the quote and the policy come from the broker you choose to deal with. There is no cost and no obligation.
Get car insurance quotes
Two minutes on the form and licensed Australian brokers will be in touch. Or call 1800 677 761 to talk it through.
Other cover you might need
This page is general information only. It does not take your situation into account and it is not a recommendation to buy any policy. Cover, limits and exclusions vary between insurers, so read the Product Disclosure Statement and Target Market Determination and refer to your broker for the full details of any policy.
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Important: CoverMy is not a comparison site and does not provide insurance. We connect you with licensed insurance brokers who provide advice and quotes based on your needs. All advice comes from your broker, using information you provide with your consent.
This page is general information only. It does not take your situation into account and it is not a recommendation to buy any policy. Cover, limits and exclusions vary between insurers, so read the Product Disclosure Statement and Target Market Determination and refer to your broker for the full details of any policy.
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