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Car Insurance Tasmania

Compare car insurance offers for Tasmanian drivers side-by-side in one place today, whether you're in Hobart, Burnie or anywhere in between.

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, updated on February 15th, 2024       

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Whether you're living in the city of Hobart or anywhere else across the island in Launceston, Devonport or Port Arthur, having the appropriate car insurance is essential for all Tasmanian drivers. That's why it's important to compare your car insurance options to help you find the best policy for your needs.

What are my car insurance options in Tasmania?

There are several types of car insurance available to safeguard your vehicle and provide financial protection in the event of a covered accident or other specified circumstances. Here are the primary car insurance options in Tasmania:

  1. Third party property damage (TPPD) insurance: this insurance can cover damage caused by your vehicle to someone else's property. However, it doesn’t cover damage to your vehicle.
  2. Third party fire and theft (TPFT) insurance: TPFT insurance can provide coverage for fire or theft-related damage to your car, in addition to damage caused by your vehicle to someone else's property. It offers more coverage compared to TPPD insurance.
  3. Comprehensive car insurance: offering the highest level of coverage, comprehensive car insurance can protect against a broad range of risks, including vehicle damage from accidents, fire, theft, vandalism and weather events such as hail. It can also cover damage to third-party property for which you are liable.
  4. Compulsory third party (CTP) insurance: CTP insurance is mandatory in Tasmania and can cover your liability for personal injury or death caused by your vehicle to others, but not for any vehicle or property damage. The CTP premium is included in your vehicle registration fees and is administered by the Motor Accidents Insurance Board.
Claimable event Comp. TPFT TPPD CTP
Damage to someone else’s property
Damage to your car due to fire
Damage to your car due to theft
Damage to your car due to weather
✓*
Damage to your car due to accident or collision
Injury or death of someone else in an at-fault accident

*Not all weather-related incidents are covered under a comprehensive car insurance policy. Check your PDS to find out what's covered and what isn't.

How much does car insurance cost in Tasmania?

When it comes to determining the cost of car insurance in Tasmania, there are several factors to consider:

  • How old you are and your experience on the road: due to their greater risk profile, young and inexperienced drivers, such as those under 25, typically pay higher premiums than older drivers who have decades of experience. Additionally, female drivers tend to pay less for insurance than male drivers do due to the lower comparable incidence of accidents.
  • Your driving record: your history behind the wheel, including any accidents or offences in the past, will likely affect the cost of your insurance. Premiums will increase if there’s a history of at-fault claims.
  • The car you’re insuring: the insurance cost can be affected by the make, model, age, and value of your car. Due to the higher cost of maintenance or replacement, more expensive or high-end vehicles may be subject to higher rates.
  • Where you live: the pricing may also vary depending on where you reside and park your car. Premiums may be higher in suburbs or towns with greater accident or theft rates.
  • The type of policy you buy: whether you choose comprehensive, TPFT or TPPD will affect how much you pay for coverage; for example, comprehensive insurance is the most expensive, while TPPD is generally the most affordable.
  • How much you use your vehicle and the way you use it: Your premium may be affected by the annual distance driven by your car and how you’re using it. In general, driving further or utilising the vehicle for work-related purposes will increase risk exposure and potentially raise premiums.
  • Your excess: selecting a higher excess amount can reduce your premium, but it’ll also increase your out-of-pocket expenses in the event of a claim, so it’s important to assess your preferences in this area before buying your policy.

To give yourself the best chance of obtaining the cheapest car insurance policy available for your particular needs which also offers suitable coverage, it’s essential to compare offers from various insurers. It’s worth noting that insurance carriers may treat these criteria differently, so you’ll receive different costs from different insurers when getting quotes.

How do I compare car insurance offers in Tasmania?

There are several factors to consider when comparing car insurance deals, including:

  • Policy cost: it's crucial to evaluate the premium rates offered by different insurers, as you’ll want to avoid overpaying for coverage. However, while affordability is crucial, it's also essential to look for a balance between cost and coverage. Picking the cheapest car insurance policy available may not necessarily offer the protection you need, for example.
  • Coverage details: thoroughly review the inclusions and exclusions of each car insurance offer. Understanding the benefits and limitations that may impact your coverage is vital, as it’s important to know what is and isn’t covered by your policy. For instance, each policy will come with standard exclusions, such as drink driving or driving with a suspended licence.
  • Optional extras: evaluate the availability of optional extras offered by insurers. These extras can include roadside assistance coverage, coverage for windscreen repair or replacement with no excess and hire car coverage. Assess the value and relevance of these extras based on your individual needs.
  • Discounts and bonuses: enquire about available discounts and bonuses which can help you save. These may include multi-policy discounts and promotional discounts for timely or online sign-ups. Understand the eligibility criteria for each discount and assess the long-term value of these deals.
  • Excess options: comparing the excess requirements available is another area to consider. This is the out-of-pocket amount you must pay when making a claim. While a higher excess may result in lower premiums, consider whether the excess amount is affordable for you in case of a claim.
  • Payment flexibility: consider the flexibility of payment options provided by insurers. Many insurers offer discounts for annual payments, while others may offer monthly instalments at no extra cost. Choose the payment option that aligns with your financial situation and preferences.

By carefully considering these factors and comparing car insurance offers, you can make an informed decision and select the most suitable coverage for your car in Tasmania from your available options.

What are the requirements for car insurance in Tasmania?

In Tasmania, the legal requirement for all registered vehicles is to have CTP insurance. As mentioned, this type of insurance is designed to provide coverage for personal injury or death caused by your vehicle to other people and is included in your vehicle's registration fees.

While having comprehensive or third party car insurance isn’t a requirement in Hobart or anywhere else in Tasmania, having one of these optional policies can provide you with added peace of mind and financial protection that you can be covered if a covered event takes place.

When determining the most suitable coverage option for you, it’s important to assess your needs, budget and the value of your vehicle. This can help you make an informed decision and select a policy that aligns with your requirements as a driver.

Types of car insurance you can choose from

Common car insurance questions asked by Tasmanians

Can I transfer my car insurance from another state to Tasmania?

You may be able to transfer your car insurance from your current state to Tasmania if you’re moving there, provided your insurer offers coverage in the Apple Isle. It’s crucial to inform your insurance provider about your relocation and update your policy accordingly.

Do I need car insurance if I only drive occasionally?

Yes – CTP insurance is still a requirement even if you only drive occasionally. Accidents can happen at any time, regardless of how frequently you drive. Having comprehensive or third party insurance can provide financial protection and ensures you’re covered in case of an accident, theft, or damage to your vehicle included in your policy documents.

Does car insurance cover damage caused by flooding in Tasmania?

Comprehensive car insurance in Tasmania can cover damage caused by flooding, subject to the terms and conditions of your policy. It’s important to review your policy and check for specific coverage related to extreme weather, which can be found in the product disclosure statement (PDS).

Can I get car insurance with a learner's permit in Tasmania?

It’s possible to obtain car insurance with a learner's permit in Tasmania. It’s important to compare different insurance options and consult with a range of providers and their documentation to help you find the most suitable policy that meets your requirements as a learner driver.

Are there any specific car insurance requirements for Uber or rideshare drivers?

Yes – there are specific car insurance requirements for Uber and rideshare drivers in Tasmania. You’ll generally need to have a minimum of TPPD coverage as a condition of employment, as well as CTP coverage. Many insurance policies come with exclusions for rideshare driving, so it’s important to seek out a business or commercial policy which offers the protection you’re looking for.

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