A Guide to Comparing Car Insurance in TAS

Tasmania’s (TAS) smaller population creates a different landscape for car insurance. But while premiums are generally lower compared to larger states, it’s still crucial to choose a policy that matches your needs. 

Car Insurance Costs in TAS

Hobart residents pay an average of $139.79 per month for comprehensive car insurance in TAS, one of the lowest rates among Australia’s capital cities. The island state’s smaller population and reduced traffic congestion may contribute to the affordability of premiums.

Comprehensive car insurance offers the broadest coverage, including protection against damage to your vehicle, other vehicles, and property. It also covers risks like theft or extreme weather events. However, comprehensive insurance is not a legal requirement in TAS..

However, every vehicle must have CTP car insurance in TAS to be legally registered. This insurance covers injury or death caused to others in an accident but does not protect your own vehicle or property.

Why Compare Car Insurance in TAS

Choosing the right car insurance policy is easier when you compare options. Insurers differ in what they offer, from coverage levels to optional extras and discounts. Comparing policies ensures you get the coverage you need at a price that fits your budget. Running a car insurance comparison in TAS with Compare Club essentially helps you evaluate multiple insurers side-by-side. So whether you’re looking for the cheapest car insurance in TAS, or want comprehensive coverage with added benefits, comparing options ensures you make the best decision for your circumstances.

Discounts and incentives for Car Insurance in TAS

While Tasmanian drivers don’t typically receive direct discounts on insurance premiums, several government programs make vehicle ownership more affordable:

• EV charger loans: EV owners may be eligible for no-interest loans to install chargers for electric vehicles.

• Car registration concessions: Eligible concession card holders may be able to access discounts on car registration fees. 

While these programs don’t directly reduce insurance premiums, they lower the cost of vehicle ownership. Many insurers also offer incentives like:

• No-claim bonuses for maintaining an accident-free record.

• Multi-policy discounts for bundling car insurance with other coverage types.

• Low-kilometre discounts for drivers with minimal annual mileage.

Average car insurance premiums in Australia

Tasmanian drivers benefit from some of the lowest average comprehensive car insurance premiums in the nation. In Hobart, the average monthly cost is $139.79. Here’s how Tasmania compares to other Australian cities:

Source: https://www.statista.com/statistics/1310851/australia-weekly-car-insurance-per-household-capital-cities/

Benefits/optional extras on Car Insurance in TAS

Comprehensive car insurance policies often include optional features to enhance your coverage. These extras may include:

• Roadside assistance for help with breakdowns or flat tyres.

• Windscreen and glass repair to cover damage to windows.

• New car replacement if your vehicle is written off within a specific timeframe.

• Choice of repairer to allow you to select your preferred mechanic or workshop.

Adding these features can increase your premium, so be sure to assess whether the benefits match your needs and budget.

Conclusion

Tasmanian drivers already enjoy some of the most affordable car insurance premiums in Australia. But by comparing policies and taking advantage of government incentives like EV stamp duty exemptions, you can further reduce vehicle ownership costs. 

Whether you need the cheapest car insurance in TAS or comprehensive coverage with added extras, careful research will ensure you get the best value.

Frequently asked questions

How much is car insurance in TAS? Your premium will typically vary based on factors such as your vehicle type, driving history, and type of coverage.

What car insurance do I need in TAS? All vehicles registered must have CTP car insurance in TAS. Comprehensive property insurance is optional and provides additional protection.

How much is comprehensive car insurance in TAS? Comprehensive car insurance in Hobart costs an average of $139.79 per month. But premiums vary depending on factors like vehicle age, claims history, and location.

What's the difference between market vs agreed value? Market value reflects your car’s current worth based on depreciation. Agreed value is a pre-determined amount set with your insurer when purchasing the policy.

What car insurance extras are available? Optional extras include roadside assistance, windscreen and glass cover, and new car replacement. These features provide additional protection but may increase the premium.

What is excess on car insurance? Excess is the amount you must pay out-of-pocket when making a claim. Opting for a higher excess can reduce your premium but increases your costs if you need to claim.

How can you save on car insurance? Compare policies, drive safely to maintain a no-claim bonus, and consider bundling your insurance policies to qualify for multi-policy discounts.

Additional resources

• Find out more about EV incentives in Tasmania

• Learn about car registration concessions in Tasmania

• Get Compare Club car insurance advice

Sources

Money Smart

Statista

ReCFIT

TAS Government

RACT