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Australian Capital Territory

 

Thanks to an abundance of attractions to explore – from the captivating Australian War Memorial to the remote wilderness of the Namadgi National Park – the Australian Capital Territory punches well above its weight.

In 2017, the ACT was home to roughly 410,000 residents. There’s little wonder why there were more than 295,000 vehicles registered during 2016-2017.

With no scarcity of places to visit, having ample cover for your car is essential.

Accidents can happen in the most unlikely places and under the most inconvenient circumstances. Without the right level of insurance, you could be left with a massive repair bill.

Drivers take out comprehensive car insurance for peace of mind, so let’s see if we can’t provide the same comfort to you.

What types of car cover are available in the ACT?

Comprehensive

Comprehensive car insurance offers the highest coverage of any product for your car. It covers you for damage to your vehicle and the vehicle(s) and property owned by others, as well as fire damage and theft. Regardless of who is at-fault, and - depending on the circumstances - you will be covered if your car is completely written off, allowing you to replace it and get back on the road sooner.

Third Party Property

Third Party Property car insurance provides cover for damages caused to other people’s cars or property, plus a limited amount of cover (depending on your insurer) for your vehicle if it’s damaged in a no-fault accident with an uninsured vehicle. Typically, this level of car insurance offers an additional tier of cover, as opposed to Compulsory Third Party (CTP) insurance, and usually does not cover your vehicle for at-fault claims.

Third Party Fire & Theft

Third Party Fire & Theft insurance operates similarly to ‘property’ cover, with two additional features: it covers the replacement costs of your vehicle if it is stolen, or damaged/destroyed in a fire. Your vehicle’s repair costs are not covered if you are at fault in a traffic accident. With this in mind, it offers a broader layer of protection on top of Third Party Property insurance.

Compulsory Third Party (CTP)

Also known as ‘Green Slip’ cover, Compulsory Third Party insurance is mandatory for driving in the ACT. It covers your liability if injury or death occurs to another driver or pedestrian in an accident. In the Australian Capital Territory, you have the option of choosing between several different providers. The ACT’s ’Green Slips’ lists drivers have the choice of NRMA, GIO, AAMI, and APIA for CTP insurance – as of April 2018.

What features do ACT drivers look for?

 

The below features are available for drivers as optional extras (at further cost to you). However, these optional extras are worthwhile if you are ever caught up in a predicament on our roads.

 

 

drivers in act

Which type of insurance should I get?

 

In the ACT, every driver on the road must have Compulsory Third Party (Green Slip) insurance, but if you’re seeking a broader level of coverage, you will need to ask yourself the following:

  1. Which additional insurance should I buy?
  2. Which policy is best suited to my needs?

The average market value of a car in the ACT (compared on our website) was $18,714. Furthermore, 59% of Aussies take out a loan to pay for their vehicle. If you’ve already invested in thousands of dollars to pay for your car, wouldn’t you ensure that it’s sufficiently protected, particularly if you’ve taken out a loan to pay for it?

Ultimately it comes down to personal choice, but if you believe repair or replacement costs would blow out your budget, then we believe taking out comprehensive car insurance is a great option.

 

 

Insurance type Damage to your car Damage to another person’s car or propertyDamage or loss caused by theft Injuries or death to other people in an accident
Green Slip (i.e. CTP)NoNoNoYes
Third party propertyNoYesNoNo
Third party fire & theftNoYesYesNo
ComprehensiveYesYesYesNo

 

Note: There are more factors and variables that may affect your level of coverage. Always refer to your Product Disclosure Statement.

How much is car insurance in the ACT?

 

To insure something as standard as a 2011 Hyundai i30 in Canberra (the most popular car to get a quote for on our website in the ACT), it would cost roughly $7.60 a week on our cheapest policy. That’s about the price of a six inch sub from Subway, which is pretty affordable!

Average car insurance premium in Canberra

 

These prices are based on quotes for a 2011 Hyundai i30, for private use to be driven 15,000km/year with no accident or hail damage (& garaged), to be driven by a 35 year old female driver with a rating 1 NCD (no claims discount) for the postcode of 2902 (Kambah) as of February 2018.

Why compare car insurance with us?

Tailored cover for drivers

We understand that your circumstances are different. That’s why we teamed up with some of the most respected insurance brands in Australia to give you a range of products to compare.

It’s simple to compare

It’s as easy as remembering your licence plate, and in moments you can review a number of insurers side by side – a streamlined way to uncover how much you can save on car insurance in the ACT.

A service for drivers like you

We helped thousands of Aussies find car insurance in 2017 that was tailored to their needs and budget. Let’s do the same for you.

Free to find ACT policies

Our service has no mark-ups, no hidden fees, and absolutely no cost attached to our comparison. Search until you’re confident in making the right purchase decision.

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Driving in the ACT: how will it affect your insurance?

 

In 2017, there were over 412,000 Aussies living in the Australian Capital Territory. Whether you’re driving through ACT’s alpine region or heading to Mount Ainslie Lookout, Australia’s heartland is a great place for road trips. The only difference to insuring a vehicle in the ACT as opposed to some states or territories is that you have to worry about taking out Green Slip cover.

That being said, various factors will impact your policy. Some of these include:

Car crime in the ACT

 

The Australian Capital Territory is – overall – a great place to call home. However, there are always a few bad apples to deal with.

There were 1,321 car thefts recorded in the ACT during 2017. That works out to be roughly 4.5 thefts for every 1,000 vehicles registered.

On a national scale, the ACT only accounts for 2.5% of the country’s total motor vehicle theft. The ‘Greater ACT’ recorded 1,316 car thefts, with only five being outside of this local government area.

While your car may be safer in ACT than some other states, be extra vigilant during 8pm and 12am on Saturday nights, as this is the period that recorded the highest number of car theft.

Top 8 car theft hotspots in Canberra 2017

Road dangers in the ACT

When we get our learner’s license at 15 years and nine months of age, the responsibility of driving becomes much clearer…because a lot can go wrong on our roads.

There were 11 fatalities out of 7,911 “vehicle crashes” on ACT roads during 2016. Males represented roughly 57% of all road casualties, while the age bracket most at risk behind the wheel was between 20-24 years old.

In 2016, approximately 90% of ACT drivers involved in a traffic accident (causing death, injury or property damage) held a full licence. The remainder of ACT road casualties were either Provisional or Learner drivers.

Over 48% of ACT road accidents in 2016 were recorded as rear-end collisions. As such, stay safe out there and watch your rear!

Frequently asked questions about ACT car insurance

Still have some burning questions? We’re here to answer them.

What’s the difference between Green Slip and comprehensive car insurance?

That’s simple! Comprehensive car insurance pays for repair costs for both yourself and other drivers – regardless of who is at fault in an accident. Green Slip insurance is quite different, in that it will only cover the medical costs of the driver in an accident where you’re at fault. This type of cover is compulsory to hold, in order to drive legally in the Australian Capital Territory.

Am I stuck with a Green Slip insurer?

Absolutely not! Nothing is stopping you from choosing a different Green Slip insurer if you’re not happy with the price you’re paying for cover each year. However, you only have the choice from NRMA, GIO, AAMI, or APIA.

I’m moving house. Will my car insurance change much?

The suburb you reside in can directly affect the price of your premiums. If you’ve recently moved house, your new neighbourhood may or may not impact the cost, due to the level of risk and insurance claims in the area. So, if you’ve just moved from Weston Creek to Tuggeranong, you may incur a higher premium, as Tuggeranong has a substantially higher number of car thefts.

Conversely, where you park your car overnight at home also affects your premium. If you park indoors in a secure garage, your premium will reflect the lower likelihood of it being stolen – and vice versa.

Finally, traffic accidents both in your neighbourhood and on your route to work can affect your insurance premium. It’s wise to give your insurer a call when you plan on moving, so you can budget for the new price.

Sources

Australian Bureau of Statistics, 3101.0 – Australian Demographic Statistics (2017)

Australian Bureau of Statistics, 9208.0 – Survey of Motor Vehicle Use, Australia (2017)

Australian Securities & Investments Commission (ASIC), Money Smart, Car Buying in Australia (2017)

National Motor Vehicle Theft Reduction Council (2017)

ACT Government, 2016 ACT Road Crash Report

ACT Government, ACT Drive Licence Information 2017

http://www.abs.gov.au/ausstats/abs@.nsf/mf/3101.0

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