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From Bondi to Broken Hill…

New South Wales boasts some of Australia’s most recognisable scenery. Our Opera House and Harbour Bridge are as iconic as the Eiffel Tower or Big Ben. Our magnificent coastline is perfect for road trips from Port Macquarie to Byron Bay. Or, if you just want a taste of the quirky, Parkes has the annual Elvis Festival!

As of 2017, NSW is home to more than six million residents old enough to drive1, and there are more than five million cars on the roads2.

All of these vehicles need some form of car insurance.

What types of car cover are available in NSW?

Comprehensive car insurance

Comprehensive car insurance offers the most complete coverage of any product. It covers car theft, repair costs for any other driver’s vehicles and property, plus any repair/replacement costs for your own vehicle. Additional benefits may include windshield replacement, cover for your belongings, roadside assistance membership, and more!

Third Party Property

Third Party Property car insurance will pay towards the repair costs for any vehicles or property you may damage in an accident when you are at fault. It does not cover any repair costs for your own vehicle (that is what comprehensive cover is for), so it would be wise to keep some money aside, in case your vehicle needs work in the future.

Third Party Fire & Theft

Third Party Fire & Theft insurance functions similarly to ‘property’ cover, with two added features: it covers the replacement costs of your vehicle if it is stolen, or destroyed in an unforeseen fire incident. It still won’t cover your vehicle’s repair costs if you are at fault in a traffic incident, but it’s still a bit more robust than the third party property.

Green Slip

Also known as compulsory third party insurance, Green Slip cover is mandatory for driving in NSW. It covers your liability if you injure someone on the roads. In New South Wales, you have the option of choosing between several different providers. The NSW state government’s 'Green Slip Check' is the best resource to help you find this type of cover.

What features do NSW drivers look for?

While some of the below features are only available as optional extras (at additional cost to you), they can be invaluable if you find yourself in a tight spot.

driver in nsw

Which type of insurance should I get?

Everyone must have Green Slip insurance. You are here to find out (a) which additional insurance you should buy, and (b) which policy is right for you.

Let’s figure out the answers to those questions! Let’s start with (a).

The average market value of a NSW vehicle (compared on our website) in 2017 was $20,062. Furthermore, roughly three in five Aussies take out a loan to pay for it.3 If you have spent that much money on your vehicle – especially if you continue to pay for it through a loan – wouldn’t you want to make sure that investment isn’t wasted by an accident you couldn’t predict?

That is what it comes down to: could you afford the repair/replacement cost of your vehicle out of pocket? If not, we think comprehensive is worth the investment.

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

So, how much will it cost? Well, it varies – as you will see below.

To insure something as standard as a Mazda 3 (the most popular car to get a quote for on our website), it would cost roughly $8.60 a week on the cheapest policy in Newcastle, or $12.80 in Sydney.

That’s pretty affordable! The only thing you need to be mindful of is your excess – the cash amount you pay at the time of claim. Typically, for these policies, it was roughly $850, but it varies from provider to provider.

With all that in mind, let’s now explore (b): how can you find the right car insurance?

NSW Average Car Insurance Premiums

Source: Comparethemarket.com.au quote, quotes produced 2/28/18

Why compare car insurance with us?

Tailored cover for drivers

We get it: your situation is different. That’s why we teamed up with some of the most respected insurance brands to give you a range of products to compare.

It’s simple to compare

Tell us a few details and in moments you can review a number of insurers side by side – a streamlined way to discover how much you can save on car insurance in NSW.

A service for drivers like you

We helped 97,000 Aussies (on average) find car insurance every month in 2017. So if you’re looking for policies that suit your needs and budgets, we’re ready to help.

$0 to find NSW policies

Our service has no markups, no hidden fees, and absolutely no cost to you for using our comparison service. Search to your heart’s content; until you find the right product.

Ready to compare comprehensive car insurance?

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Driving in NSW: how will it affect your insurance?

Whether you’re insuring your car in NSW or the furthest reaches of WA – your policy isn’t really affected by the state you chose to live in. The only difference to insuring a vehicle in NSW over another is that you have to worry about taking out Green Slip cover.

The environment you drive in and where your car spends most it’s time does impact your policy, however. Where you park your car at night, what route you take to work, and what weather elements you expose your car to – they all influence premiums.

Car crime in NSW

New South Wales is – by and large – a great place to live. Like anywhere, however, there are always a few bad apples to deal with.

There were 12,209 car thefts recorded in the state of NSW between Oct 2016 and Sep 2017. That works out to be two thefts for every 1,000 vehicles registered.

NSW sports the second-lowest rate of theft in the country – just behind South Australia. Plus, roughly 72% of the country’s thefts were ‘short-term’ (i.e. the vehicles were eventually recovered).

Just be sure you keep an eye on your wheels at the end of each week. The most popular time for ‘nicking’ cars is between 4pm and 8pm on a Friday night.

Source: National Motor Vehicle Theft Reduction Council (2017)

Road dangers in NSW

When we become eligible to get our learner’s license at 16, the responsibility of driving a vehicle becomes clear … because a lot can go wrong on the roads.

Roughly 41 percent of road fatalities were caused by speeding in 2016. Fatigue caused an additional 20 percent of fatal accidents, and four percent occurred due to alcohol.

In 2017, five New South Welshmen and women were killed per 100,000. While the state is the most heavily populated in the country, its rate of road fatalities is only 5th overall – behind South Australia, Western Australia, Tasmania, and the Northern Territory.

Sources: Transport for NSW (2017) & Department of Infrastructure (2018)

Frequently asked questions about car insurance in NSW

Do you still have one or two questions? Relax! 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 (provided you have not breached the law). Green Slip insurance is quite different, in that it will only cover the medical costs of the other driver in an accident where you’re at fault. This type of cover is compulsory to hold, in order to drive legally in NSW.

Am I stuck with a single Green Slip insurer?

Lucky for you, no. There’s nothing stopping you from choosing a different Green Slip insurer if you’re not happy with the price you’re paying for cover each year. In fact, NSW is one of only three states that let you pick your Green Slip insurer.

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

Potentially, yes. Your postcode affects your insurance premiums, because your new neighbourhood may have a higher or lower incidence of driver’s making insurance claims.  For example, say you’re moving from Newcastle to Penrith. Penrith has a slightly higher incidence of car thefts, which may lead to a higher premium.

Conversely, where you park your car at the end of the day once you return home also affects your premium. If you park indoors in a 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 best to give your insurer a call when you plan on moving, so you can budget for the new price.

Sources
  1. ABS.gov.au/ausstats/abs@.nsf/mf/3101.0
  2. ABS.gov.au/ausstats/abs@.nsf/mf/9309.0
  3. Moneysmart.gov.au/life-events-and-you/life-events/buying-a-car/car-buying-in-australia

You’ve made it to the end!

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