The cost of car insurance in NSW depends on many different factors, each of which varies across each customer – so it’s a little hard to get an example of the average premium! Your car insurance premium will be affected by factors like your:
If you’re looking for car insurance in NSW, try our handy comparison tool to get a quote and find out what you can be covered for and how much it may cost you.
When we become eligible to get our learner’s licence at 16, the responsibility of driving a vehicle becomes clear… because a lot can go wrong on the roads.
Around 38.9% of road fatalities in NSW in 2018 were caused by speeding.⁵ Fatigue caused an additional 19.3% of fatal accidents, and 18.4% occurred due to alcohol.
In 2018, four people in every 100,000 were killed on NSW’s road.⁶ While the state is the most heavily populated in the country, its rate of road fatalities is only sixth overall, with just VIC and ACT behind it.
It’s simple! Comprehensive car insurance pays for repair costs for both yourself and other drivers – regardless of who’s at fault in an accident (provided you have not breached the law). It also covers storm and fire damage on top of theft. Green Slip (or Compulsory Third Party (CTP)) insurance is quite different, in that it will only cover your liability if you cause injury or death to another driver in an accident where you’re at fault. This type of cover is compulsory to drive legally in Australia.
Lucky for you, no. 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. In fact, NSW is one of only three states that let you pick your Green Slip insurer.
Potentially, yes. Your postcode affects your insurance premiums, because your new neighbourhood may have a higher or lower rate of drivers 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.
Furthermore, where you park your car at the end of the day once you return home also affects your premium. If you park in a locked garage, your premium will reflect the lower likelihood of it being stolen, whereas parking it on the street may have the opposite effect.
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.