Cheapest Insurers in Victoria
Notably different from most other states, Choice's 2026 analysis has APIA — an insurer focused on over-50s drivers — leading Victoria's price rankings at 93%, with AAMI close behind at 91% and Bingle third at 81%. Average comprehensive quotes in Victoria range from roughly $1,118 to $1,632.
Why Victoria Costs More Overall
Victoria consistently records the highest average car insurance premiums among Australian states, with some broader cost surveys putting the state average as high as $2,420 a year — well above the national comprehensive average of $1,362. Higher traffic density in metro Melbourne and elevated claims costs both contribute to this gap.
Victoria's CTP System
Unlike NSW, Victoria bundles CTP automatically into your vehicle registration fee through the Transport Accident Commission (TAC) — there's no separate policy to shop around for, and no price comparison to make on this component specifically.
RACV and Local Options
RACV, Victoria's own motoring club, offers car insurance alongside its roadside assistance membership and is worth including in any comparison alongside the national insurers, particularly if you value bundling with an existing RACV membership.
This page is for educational purposes and isn't personalised financial advice. Premiums, terms and eligibility vary by insurer, state and individual circumstances — always check the Product Disclosure Statement (PDS) before buying.