If you were to do a simple car insurance price comparison online, you will realize that car insurers in Australia offer very different prices. While there are slight similarities in pricing, discounts and offers, the general prices are relatively very different.
New and old cars are not charged the same. This is a no-brainer; an old car model has depreciated and as such, its insurance premiums are cheaper. Older cars are less costly to replace or repair for insurers and you can get the best insurance deals. In all states, you will have to pay higher premiums for new cars.
Some states charge very low car insurance premiums while others charge a little higher. NSW, QLD and VIC charge higher premiums compared to SA, WA and TAS. While the premiums may change, generally there are states that will always charge higher premiums. When getting car insurance Australia, compare premiums in different states.
You can always get discounts from your car insurer. Most insurers will offer you discounts if you have had your car for more than five years, for safe driving, for being a customer for so long and for so many other reasons. You can compare discounts online before buying a policy.
When calculating your insurance premiums, you will need to consider the age of the car, depreciation and insurer’s premiums. There are different prices for fortnightly, monthly and annual policies. If you need long term insurance, it is advisable that you go for the best deal.
Long term insurance will save you money. Insurance premiums paid annually are always discounted unlike premiums you pay after a month. You need to ensure that your insurer does not have additional charges besides your insurance premiums. For those taking short term insurance, consider cancellation charges when asking for a car insurance quote. This way, you will not have to lose money when you cancel a policy.
