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Top 5 things to know about car insurance in Tasmania

Get the right cover to suit the driving conditions

With Tasmania having four distinct seasons of weather, comprehensive car cover with some optional extras may be the most suitable insurance to cover you for a range of eventualities.

Choose from different car insurance cover types

With three types of optional insurance available to drivers on Tasmania’s roads, you can choose the cover best suited to protecting your car.

Learn more

Extend your cover with additional features and options

Driving in Tasmania, as with anywhere, can present challenges on the road, so you may benefit from a variety of features available to add to your policy.

Learn more

There are a range of factors that can influence your premiums

There are a variety of factors that go into calculating your insurance premium, so no two policies have the same cost. However, there are ways you can influence your premium.

Learn more

Ensure that you understand CTP insurance

All registered vehicles in Tasmania must have Compulsory Third Party (CTP) insurance. This is automatically included in your registration fee each time you renew.

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Car insurance

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A guide to car insurance in Tasmania

Last updated 20/02/2024

Kenneth Young
Written by Kenneth Young

Adrian Taylor, General Manager of General Insurance
Reviewed by Adrian Taylor

Find out more about Car Insurance in Tasmania

What types of car cover are available in Tasmania?

Comprehensive

Comprehensive car insurance is the broadest level of cover available. This type of car insurance policy covers repair costs for both your car and other vehicles or property that you damage. It can even cover damage caused by things like storms and hail. Optional extras such as choice of repairer or accident hire car can also be added to a comprehensive policy.

Third Party Fire and Theft (TPFT)

TPFT insurance covers other cars for damages caused by your car. While this level of car insurance typically doesn’t cover your own car in an accident, it does provide cover for repair or replacement costs if your vehicle is stolen or destroyed by fire.

Third Party Property Damage (TPPD)

TPPD insurance covers other vehicles and property from accidental damage that you caused. Typically, TPPD will not cover damage to your car caused by events like accidents, fires and storms.

Compulsory Third Party (CTP)

CTP insurance is mandatory for all motorists in Tasmania. If someone is injured or killed as a result of a collision you cause with your vehicle (registered in Tasmania), CTP covers your legal liability for the associated costs. It’s usually bundled with your motor vehicle registration fees and the fee is sent onto the Motor Accidents Insurance Board (MAIB).

What each car insurance policy covers

With the exception of CTP, Australian car insurance is completely optional. It’s still worth considering extra coverage for your car even if only third-party insurance cover. The insurance you buy will depend on how you value your car and what incidents you want to be covered for.

There’s a range of car insurance policies out there, spread across different tiers. Here’s a quick comparison of what each type of insurance generally covers, together with noted exclusions.

Insurance typeDamage/total loss to your carDamage to another person’s car or propertyDamage or loss caused by theft or fire
Third Party Property Damage
Third Party Fire and Theft
Comprehensive

Please note: There are more factors and variables that may affect your level of coverage. Always refer to the relevant Product Disclosure Statement (PDS), which includes important information specific to all policies. Also read through the Target Market Determination (TMD) as this can let you know whether you’re the right audience for the product.

What options do Tasmanian drivers look for in comprehensive car insurance?

Woman driving in her car
Comprehensive cover in Tasmania provides the broadest cover for many different scenarios, including damage to your vehicle from hail, storms, fire and theft. You may also have a choice of optional extras to add to your policy that may prove to be valuable.

Some of these car insurance options can include:

How are car insurance premiums calculated in Tasmania?

There are a number of factors car insurance providers take into account when calculating your car insurance quote. Here are just a few things that might affect the price of your policy:

Important to know

Man reviewing car insurance policy

What is a car insurance excess?

Excess is the amount you agree to pay for a successful insurance claim, which contributes towards your damage repair costs; your insurer then pays the remaining amount or up to the amount agreed to under your policy. However, with car insurance, you generally only have to pay an excess when you’re found to be responsible for an at-fault accident. It can also be applied if your claim doesn’t involve a third party or the insurer cannot recover damages from the responsible third party (e.g. hail damage or a collision with an animal).

Excess amounts vary depending on the policy and some providers even offer lower premiums if you agree to pay a higher excess. Conversely, paying a lower excess can lead to paying higher premiums. You may also find that depending on the circumstances of your claim, you might have to pay additional excesses (e.g. if the driver was under 25 years old).

Can I keep my no claim discount if I switch insurance providers?

Most providers will honour your no claim bonus or discount if you switch your car insurance; you may find, however, that not all insurers will share the same way of calculating this reward. However, these ratings are generally honoured across most insurance providers allowing you to maintain your safe driving level if you switch to another provider.

Will my car insurance change if I move house?

Your Tasmanian postcode might affect your car insurance premiums because your new neighbourhood may be rated differently based on insurance risk factors. For example, crime rates may be different in your new address or the likelihood of a crash in the area may have changed.

Where you park your car overnight in Tasmania also affects your premium. For example, if you previously parked in a garage but you’re now parking on the street, your premiums may rise to reflect the increased security risk.

Does car insurance in Tasmania cover towing?

Car insurance can cover towing if it’s listed in the PDS and will usually depend on the type of policy you have. For example, Third Party Fire and Theft insurance may cover towing after a theft or fire incident, whereas comprehensive car insurance can cover it for more scenarios. Keep in mind that tow cover is sometimes available only as an optional extra.

Will car insurance cover my caravan?

Some comprehensive car insurance policies provide cover for caravans and trailers, but this usually only applies when your car is towing the caravan.

Adrian Taylor, General Manager of General Insurance

Meet our car insurance expert, Adrian Taylor

As the Executive General Manager of General Insurance at Compare the Market, Adrian Taylor has over 13 years’ experience in the financial services industry. Adrian specialises in customer experience and is dedicated to helping customers better understand insurance products so they can save money on their household bills.

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