Motorists have been urged to take advantage of cheaper car insurance premiums with experts warning brand loyal customers could be missing out on savings.
Compare the Market’s General Insurance Index which tracks insurance quote prices in the country’s five largest capitals, revealed an average 1.10% reduction in quoted car premiums in the June quarter, representing about a $20 drop in the average quoted premium.
But Compare the Market Economic Director David Koch warned the trend had not been industry-wide, with only a handful of insurers reducing prices.
“Not everyone is adjusting their prices in the same way. The headline figure has come down but we know that trend is being led by a small number of insurers,” Mr Koch said.
“This is the first time since we started tracking quote prices that we have seen a reduction, and it’s unclear whether it will be a sustained trend. It’s possible that we might see prices move upwards again in the new financial year, as the cost of reinsurance, new data, and pricing insights are factored into premiums.
“And of course, we know that the biggest discounts are usually reserved for new customers. Most motorists will see their premium increase when renewal time rolls around.
“The message is always to shop around and make sure you are getting good value because loyal customers may miss out.”
Average comprehensive car insurance quotes – June 2025
| City | June 2025 average | Six month change % | Quarter change % | Quarter change $ |
| Sydney | $2,426.97 | +0.33% | -1.32% | -$32.40 |
| Melbourne | $2,259.42 | -0.14% | -2.35% | -$54.37 |
| Brisbane | $1,569.81 | +3.02% | -0.24% | -$3.75 |
| Adelaide | $1,437.91 | +2.25% | -0.80% | -$11.56 |
| Perth | $1,504.24 | +3.77% | -0.01% | -$0.23 |
| National capitals | $1,839.67 | +1.51% | -1.10% | – $20.46 |
Based on average indicative comprehensive car insurance quotes available from Compare the Market and also from selected popular industry brands. We used a target excess of $1000 or as close as possible where this was not available. Quotes for a white 4-door 2020 Toyota Corolla driven 12,000 km on average per year by a 30 year old male driver. See notes for further information relevant to the pricing of the policies. Quotes collected Every three months or as close as possible from a start date between 30/08/2024 – 01/09/2024. Your quotes will vary depending on your unique circumstances.
Growth in home and contents insurance quotes continued to slow in the June quarter, with marginal increases recorded in most of the capitals. Sydney and Brisbane were exceptions, recording above average increases of 2.29% and 1.44% in June.
Mr Koch said ex-tropical cyclone Alfred had likely had an impact on premiums in Brisbane, which is currently the most expensive Australian capital for home and contents cover.
“Insurers are still counting the cost of this year’s protracted wet season and we might have to expect higher premiums in parts of New South Wales and southeast Queensland as a result,” Mr Koch said.
“That doesn’t mean that consumers should simply accept a big increase when their renewal comes through. Our research shows there are plenty of deals and incentives around to entice customers making a switch.
“This month there was a $1,965.38 difference between quotes for the same four-bedroom property in Bridgeman Downs. It’s a great example of why it pays to shop around.”
Average Home and Contents quotes – June 2025
| City | June 2025 average | Six month change % | Quarter change % | Quarter change $ |
| Sydney | $2,907.82 | +3.00% | +2.29% | +$65.00 |
| Melbourne | $2,260.25 | +10.34% | +0.60% | +17.42 |
| Brisbane | $2,914.37 | +7.70% | +1.44% | +$41.27 |
| Adelaide | $2,234.40 | +9.58% | +0.78% | +17.48 |
| Perth | $2,346.07 | +6% | +0.80% | +$19.14 |
| National capitals | $2,529.43 | +3.3% | 1.36% | +$34.02 |
Based on average indicative home and contents insurance quotes available from Compare the Market and also from selected popular industry brands. Quotes for a typical low-set, 4 bedroom 2 bathroom, freestanding brick veneer home with tiled roof, insured for $700,000 with $80,000 in contents with a target excess of $1000 for both home and contents. Our home owner was a 30 year old male who lives alone with no previous claims. See notes for further information relevant to the pricing of the policies. Quotes collected Every three months or as close as possible from a start date between 30/08/2024 – 01/-09/2024.. Your quotes will vary depending on your unique circumstances. Brisbane quotes for Home and Contents in March 2025 were collected 11 days after other capitals due to embargoes in place during Tropical Cyclone Alfred affecting quote availability
For more information, or to request an interview with Kochie, please contact:
Sarah Orr | 0401 044 292 | [email protected]
Notes for editors
Compare the Market is a comparison service that takes the hard work out of shopping around. We make it simple for Australians to quickly and easily compare and buy insurance, energy, and home loans products from a range of providers. Our easy-to-use comparison tool helps you look for a range of products that may suit your needs and benefit your back pocket
Notes:
* Average indicative quote prices were based on home and contents insurance quotes available through Compare the Market and also from three popular industry brands not available through Compare the Market. Quotes for a typical low-set, 4 bedroom 2 bathroom, 2 undercover carparks, freestanding brick veneer home with tiled roof, insured for $700,000 with $80,000 in contents with a target excess of $1000 for both home and contents. Where these sum insured values or target excess were not available we used the closest possible option with the relevant insurer. Our hypothetical home owner was a 30 year old male who lives alone with no previous claims. The following suburbs which were selected as approximately 15km north, south, east and west of the nearby city centre:
- Brisbane, QLD – Bridgeman Downs, Sunnybank Hills, Ferny Grove, Wynnum;
- Sydney, NSW – Frenchs Forest, Sans Souci, Punchbowl, Marsfield;
- Melbourne, VIC – Tullamarine, Hampton East, Altona, Yallambie;
- Adelaide, SA – Stirling, Kingston Park, Largs Bay, St Agnes;
- Perth, WA – Kenwick, Fremantle, North Beach, Caversham;
Only policies with an excess of $1000, or as close to this figure as was possible with the relevant insurers, were used to calculate averages for these different locations.
**Average indicative quote prices were based on comprehensive car insurance quotes available through Compare the Market and also from three popular industry brands not available through Compare the Market. Quotes for a white 4-door 2020 Toyota Corolla sedan (no modifications) driven by a hypothetical 30 year-old male who is employed full time, obtained their licence at age 17 and has no previous claims. The car is used primarily for private or commuting purposes and is driven 12,000kms per year and is parked overnight in the following suburbs which were selected as approximately 15km north, south, east and west of the nearby city centre:
- Brisbane, QLD – Bridgeman Downs, Sunnybank Hills, Ferny Grove, Wynnum;
- Sydney, NSW – Frenchs Forest, Sans Souci, Punchbowl, Marsfield;
- Melbourne, VIC – Tullamarine, Hampton East, Altona, Yallambie;
- Adelaide, SA – Stirling, Kingston Park, Largs Bay, St Agnes;
- Perth, WA – Kenwick, Fremantle, North Beach, Caversham;
Only policies with an excess of $1000, or as close to this figure as was possible with the relevant insurers, were used to calculate averages for these different locations.
