Top New South Wales Car Insurance Policies on Canstar's Database

Looking for a new car insurance policy in Australia’s most populous state? See some of the top-rated car insurance policies in New South Wales according to Canstar’s 2020 Car Insurance Star Ratings.

New South Wales is home to some of the most breathtaking road trips Australia has to offer. From the luscious valleys and rainforests of the Blue Mountains, to the winding coastal Grand Pacific Drive and snowy roads of the Kosciuszko Alpine Way – there is much to experience, but also potential road hazards to be aware of.

Comprehensive car insurance may help to cover your car from the financial effects of potential damage or loss caused by accidents, weather events and theft.

The tables below showcase some of the top-rated car insurance policies on Canstar’s database for drivers in New South Wales, broken down by age profile.

See some of the best car insurance policies for:

Car insurance policies for young drivers in New South Wales

Car insurance premiums are largely determined based on the likelihood that the insurer would have to pay a claim to the insured. Therefore, younger drivers will tend to have higher premiums as they are statistically more likely to be involved in an accident and make a claim. For example, according to the NSW Transport Department, crashes that involve younger drivers (aged under 26 years) account for almost a quarter of annual road fatalities in the state, despite this group making up only about 15% of all licence holders.

Faced with typically higher premiums for car insurance, it’s important for young drivers to research their options carefully to find a good-value policy.

Please note the two tables below provide a snapshot of some of the top-rated car insurance policies on Canstar’s database for those aged under 25 in New South Wales.

The comparison table below displays some of the policies currently available on Canstar’s database for an under-25-year-old male seeking cover in New South Wales without cover for an extra driver under 25. Results are sorted by Star Rating (highest to lowest) followed by provider name (alphabetical) and features links direct to the providers’ websites. Use Canstar’s car insurance comparison selector to view a wider range of policies.

The comparison table below displays some of the policies currently available on Canstar’s database for an under-25-year-old female seeking cover in New South Wales without cover for an extra driver under 25. Results are sorted by Star Rating (highest to lowest) followed by provider name (alphabetical) and features links direct to the providers’ websites. Use Canstar’s car insurance comparison selector to view a wider range of policies.

Car insurance policies for 25-29 year-old New South Wales drivers

If you are aged 25-29, you will often pay lower car insurance premiums than those under the age of 25 because you will tend to have more experience behind the wheel and are statistically considered a safer driver.

Please note the table below provides a snapshot of some of the top-rated car insurance policies on Canstar’s database for those aged 25-29 in New South Wales.

The comparison table below displays some of the policies currently available on Canstar’s database for a 25-29 year old seeking cover in New South Wales without cover for an extra driver under 25. Results are sorted by Star Rating (highest to lowest) followed by provider name (alphabetical) and features links direct to the providers’ websites. Use Canstar’s car insurance comparison selector to view a wider range of policies.

Car insurance policies for 30-49 year-old New South Wales drivers

Drivers aged 30-49 will generally have cheaper car insurance premiums than those under 30 as they tend to have more experience on the road.

Please note the table below provides a snapshot of some of the top-rated car insurance policies on Canstar’s database for those aged 30-49 in New South Wales.

The comparison table below displays some of the policies currently available on Canstar’s database for a 30-49 year old seeking cover in New South Wales without cover for an extra driver under 25. Results are sorted by Star Rating (highest to lowest) followed by provider name (alphabetical) and features links direct to the providers’ websites. Use Canstar’s car insurance comparison selector to view a wider range of policies.

Car insurance policies for New South Wales drivers aged 50-59

People between the ages of 50 and 59 may enjoy even cheaper car insurance premiums than younger drivers due to their often greater wealth of driving experience, which statistically makes them a lower risk of needing to make a claim.

Please note the table below provides a snapshot of some of the top-rated car insurance policies on Canstar’s database for those aged 50-59 in New South Wales.

The comparison table below displays some of the policies currently available on Canstar’s database for a 50-59 year old seeking cover in New South Wales without cover for an extra driver under 25. Results are sorted by Star Rating (highest to lowest) followed by provider name (alphabetical) and features links direct to the providers’ websites. Use Canstar’s car insurance comparison selector to view a wider range of policies.

Car insurance policies for senior drivers in New South Wales

There are often a number of restrictions placed on senior drivers that vary depending on where you live. In New South Wales, people aged between 75 and 84 need to complete a medical assessment every year to keep their licence. When they turn 85 they must also complete a practical driving assessment every two years, or drive under a restricted licence (restrictions might include only being allowed to drive a certain distance from their home or at certain times of the day).

Please note the table below provides a snapshot of some of the top-rated car insurance policies on Canstar’s database for those aged 60 and above in New South Wales.

The comparison table below displays some of the policies currently available on Canstar’s database for a 60+ year old seeking cover in New South Wales without cover for an extra driver under 25. Results are sorted by Star Rating (highest to lowest) followed by provider name (alphabetical) and features links direct to the providers’ websites. Use Canstar’s car insurance comparison selector to view a wider range of policies.

How much does car insurance cost in New South Wales?

Where you live can also have an impact on how much you pay for car insurance. Drivers in New South Wales, along with those in Victoria, can expect to pay more on average in premiums for their car insurance than anywhere else in Australia, according to Canstar’s research.

The table below shows a breakdown of what New South Wales drivers can expect to pay on average for comprehensive car insurance, based on policies rated in Canstar’s 2020 Car Insurance Star Ratings.

Average Annual Car Insurance Premiums 2020 – New South Wales
Age Average Premiums ($/year)
Under 25 Female $2,204
Under 25 Male $2,417
25-29 $1,798
30-49 $1,258
Over 50 $998
Family with Young Driver $2,224
Source: www.canstar.com.au. Based on comprehensive car insurance policies rated in the Canstar 2020 Car Insurance Star Ratings (May 2020). Premiums include quotes for both new and used cars for a range of scenarios, with a target excess of $700. 

Keep in mind these are average figures. Depending on your circumstances, you may be able to find a provider that will cover you for less, so it’s a good idea to compare your options.

Compulsory Third Party (CTP) insurance

Like every other state and territory across Australia, New South Wales requires car owners to purchase Compulsory Third Party (CTP) insurance before they register their vehicle. According to the NSW Government, CTP insurance (also known as ‘Green Slip’ insurance) covers NSW drivers for the compensation costs of another person’s injuries or their death incurred in a car accident. Residents in New South Wales have the option of choosing a provider for CTP insurance, whereas in some other states this insurance is included as a part of car registration.

The Motor Accident Injuries Act 2017 (NSW) was implemented on 1 December 2017, bringing a ‘no-fault’ CTP scheme with it. This means anyone who sustains a severe injury from a road traffic crash involving a registered vehicle in NSW will be eligible for lifetime treatment, care and support, regardless of fault (unless the injured person is deemed at fault and charged with or convicted of a serious driving offence).

While CTP or Green Slip insurance will cover the costs of those injured in an accident, it will not cover the cost of damaged vehicles or property. For cover of your vehicle and any third party property, you will need to consider other forms of car insurance.

The table below outlines each of the types of car insurance available in Australia and what they cover:

Type Damage to your car Damage to other people’s property (e.g. other cars) Damage or loss caused by theft of your car Injuries or death to other people in an accident
Compulsory third party Cross Cross Cross icon tick
Third party property Cross icon tick Cross Cross
Third party property, fire and theft Cross icon tick icon tick Cross
Comprehensive icon tick icon tick icon tick Cross

Outstanding Value Car Insurance for New South Wales

One of Canstar’s National Award Winners for 2020 – Bingle – has also taken out the State Award for Outstanding Value Car Insurance in New South Wales, in addition to in Queensland, Victoria, Western Australia and South Australia.

On top of winning the overall state Award, Bingle is one of several insurers with 5-Star Rated policies in New South Wales. Visit Canstar’s comparison table for a snapshot of some of the other top-rated car insurance policies on our database.