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We do not compare all brands in the market or all products offered by all brands. At times certain brands or products may not be available or offered to you. Learn more about how our comparison service works.

Insuring a new car?

The make and model of your car does affect how much you might pay for car insurance. This is based on various factors, such as the car’s market value, the cost of parts and servicing, and any other specific facts about the car (like immobilisers and factory options).

For example, a brand-new Mercedes-Benz that’s more expensive than a Holden will likely cost you more in insurance premiums.

The make and model of your car isn’t the only thing that affects your premiums, though. Other factors like your age and gender, your yearly kilometres driven, your address and claims history also influence how much you pay for car insurance.

Why compare car insurance with us?

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What types of car insurance are there?

Comprehensive

A comprehensive car insurance policy provides insurance coverage for loss or damage caused by accidents, fires, theft, storms, vandalism, hail and more. You're also covered for any damage you cause to another person's vehicle or property in a car accident.

Third Party Fire and Theft

A Third Party Fire and Theft (TPFT) policy will cover your vehicle for fire damage or if it's stolen, but not for accidental damage. It will, however, cover the repair or replacement costs of another person's vehicle or property if you cause the damage.

Third Party Property Damage

A Third Party Property Damage (TPPD) policy is the most basic car insurance product and covers damage or loss you cause to another person's vehicle or property but not yours when you're at fault.

Compulsory Third Party (CTP)/Green Slip

Compulsory Third Party (CTP) insurance or Green Slip insurance is mandatory Australia-wide for all drivers. It covers your liability if your vehicle causes injury or death to someone. Most states and territories in Australia include this in your vehicle registration fee.

Toyota GT86

Car insurance for Toyota

Toyota has long been one of the most popular car brands in Australia, with three million Toyota passenger vehicles on our roads as of January 2023, according to the Australian Bureau of Statistics (ABS)1 and a total of 13,223 Toyota vehicles sold in Australia between January 2022 and January 2023.3

Toyota has remained the most popular passenger car brand for 17 years in a row. So, it isn’t surprising that Toyota made up the highest number of car insurance sales with Compare the Market. In 2022, Toyotas accounted for 16.8% of all our car insurance sales.2

In order, the Toyota Corolla, Hilux, and Camry were the three most popular models compared on our service in 2022. These brands were clocking up the kilometres too, especially Hilux owners who were most likely to state they would be travelling between 15,000km and 20,000km in a year. The Australian annual average is only 11,100km!

Comprehensive insurance can protect your car for all those kilometres you drive. It might be a good idea to see if your comprehensive policy includes cover for towing costs in case you get stuck far from home.

Car insurance for Mazda

Mazda vehicles were the second most popular brand insured through Compare the Market after Toyota, accounting for almost 9% of sales across all brands.2 This is no small feat given the range of different car brands represented in our car insurance sales in 2022.

Most of these were for the Mazda 3, which took out just over a third of all Mazda models insured with Compare the Market.

Like Toyota, Mazda is a popular, affordable brand. One advantage of this when it comes to car insurance is that it’s easier to find replacement parts and organise repairs and servicing if you need to make a claim.

The overwhelming majority of Mazdas (more than 86%, in fact) were insured with comprehensive cover through us in 2022.

A blue Mazda

A red Holden on the side of the road

Car insurance for Holden

The beloved Holden brand was the third most popular of all car brands insured through Compare the Market in 2022.2 Almost a quarter of Holdens insured during this time were Commodores (25.4%), trailed by the Cruze (13.7%) and Captiva (11.3%).

Car insurance for Nissan

Nissans were the fourth most popular brand insured through our platform in 2022. Navaras, X Trails and Patrols were the top three insured Nissan brand cars, accounting for 26%, 22% and 9% of all Nissans respectively.2

Nissan Navaras quoted through our service drive a fair amount, with most totalling 15,000-20,000km a year.

If you’re a Navara-owning tradie, you should check whether your comprehensive policy covers the tools of the trade you transport in your ute.

Nissan

BMW

Car insurance for BMW

The BMW 3 Series and the X5 were the most popular BMW models at Compare the Market in 2022, accounting for 30% and 15.5% of all BMW car insurance sales, respectively.2

Comprehensive insurance is the most popular choice for BMW owners who used our comparison service. Given the price and prestige of this European brand, it’s understandable that you’d want a fully comprehensive policy to protect it.

Car insurance for Honda

Honda was in the top 10 car brands insured with our comparison service in 2022. The Honda Civic, CRV and Jazz were the top three Honda models, representing 25%, 24.3% and 15.7% of all Honda car insurance policies bought through Compare the Market in that same year.2

Honda owners were more likely to take out comprehensive vehicle coverage, with this type of car insurance covering around 80% of Hondas insured through Compare the Market.

Honda

Mercedes

Car insurance for Mercedes Benz

Mercedes made it for the sixth most popular car brands for car insurance sales on Compare the Market in 2022, just edging out Subaru.2 The C-Class was the most popular model compared in 2022 – accounting for over 28.5% of all Mercedes insured through the comparison service.

This is followed by the A-Class at 11.2% compared through Compare the Market in 2022 then the E Class at 8.4% compared. And, like BMW owners, an overwhelming majority of people with Mercedes vehicles compare comprehensive insurance. Over 94% of Mercedes car insurance sales were for comprehensive coverage, with people wanting maximum protection for their pricey investment.

Car insurance for Subaru

Subaru clinched the seventh most popular car brand we insured in 2022. The Forester, Impreza and Outback were the most popular Subaru vehicles insured through our comparison service at 29%, 22% and 15% respectively.2

Subaru

a grey Audi on a country road at sunset

Car insurance for Audi

This stylish European marque slipped into the top 10 for most popular car brands insured through Compare the Market in 2022.2 The Audi A3 was the most popular Audi model insured through Compare the Market during this time, making up 17.3% of all Audis insured through our platform.

The most popular models of Audi compared was followed by the A4 at 15.9 % and Q5 (13.2%). Unsurprisingly, comprehensive car insurance was the cover of choice for Audi owners who used our comparison service. Over 93% of Audis insured through our service in 2022 were covered by comprehensive cover.

Like BMW and Mercedes owners, when you’ve splashed a fair amount of cash on your Audi vehicle, the top level of cover could be a good option for you to consider.

Before you purchase any cover for your vehicle, check the Product Disclosure Statement (PDS) for everything covered in the policy and take note of any limitations and exclusions.

It pays to compare

No matter the make of your vehicle, it pays to compare your options when it comes to car insurance. By comparing policies from a range of car insurance providers, you could potentially find a great car insurance quote on a policy with the features and benefits you want at a fantastic price.

Our car insurance comparison service can help you do just this! We host a wide range of policies from our panel of partners to make it easier for you to compare insurance costs. All you need to do is enter a few details – including the make and model of your car – and in minutes, you’ll get a quote from a selection of insurance companies to browse and compare. Simples!

Adrian Taylor, General Manager

Tips from Compare the Market’s car insurance expert, Adrian Taylor

  1. The type of car you drive does have an impact on your insurance premiums, so it’s a good idea to do some research on the car you want and which type of car insurance you might be required to cover it.
  2. You may have the option to raise the standard excess payment of your comprehensive policy to reduce the cost of your car insurance premium. Before you make this change, though, ask yourself whether you could still afford to pay this higher excess should you need to make an insurance claim.
  3. You can change policies or switch car insurance companies at any time, but remember to check for any cancellation fees first. If you paid your full annual premium upfront instead of monthly or fortnightly instalments, you’ll receive a pro-rata refund for the unused period of insurance.
  4. Many insurers offer a discount for purchasing car insurance online, but this is usually for the first 12 months. It pays to compare car insurance at least once a year to keep up with any discounts on offer.
  5. Consider optional extras such as roadside assistance, windscreen or window glass protection or even new car replacement – these additional coverages could provide added peace of mind.

Sources

  1. Australian Bureau of Statistics (31 January 2021), Motor Vehicle Census, Australia, ABS Website. Accessed April 2023.
  2. Compare the Market car insurance sales between 01/01/2022 and 01/01/2023. Accessed April 2023.
  3. Federal Chamber of Automotive Industries. Car Sales Data releases March 2023. Accessed April 2023.
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