3rd Party Insurance Cost, What Are You Paying

LEagerEagle on 31/07/2025 - 13:58
Last edited 31/07/2025 - 19:53 by 1 other user

Hi guys, my first post here is a market survey question.

What are you paying for 3rd party BASIC insurance (without fire & theft cover, no extras, just covering 3rd party liability)?

Currently the cheapest I found is $52 per month, it's NAB car insurance (Allianz) for a car worth less than $10k, covering 2 drivers, age late 30s full licences, Victorian, 1 accident at fault history of 1 driver. If you have one or even no claims history, would be interested to know what are you paying.

I remember it was around $30 for me one driver back in 2018-19, but now I tried Bingle, AAMI, Budget Direct all around $80 mark or over just for 3rd party, NAB offered cheapest, don't know how good they are, but this post is just to find cheapest 3rd party cover irrelevant of reviews/perks etc

Thanks!

Automotive Car Insurance Insurance

Comments

  • Hybroid on 31/07/2025 - 14:00
    +5

    Doesn't really matter what other people are paying. It's entirely variable on your specific individual factors from vehicle to age to history to even address etc. Whether othes are paying $20 or $500 a month, bears no relevance to anyone else and doesn't really help you.

    • EagerEagle on 31/07/2025 - 14:07
      -6

      i understand, but when it comes to 3rd party only, there must be some industrial stand like TAC is same for all.
      so if someone has similar circumstances like 2 drivers, age late 30s, full licence, 1 bad history or no bad history what are they paying.. we can compare that at least.

      • zonra on 31/07/2025 - 15:34
        +2

        Your individual factors determine your risk calculation. It doesn’t matter if your twin who has the same model car of the same colour with the same accident history got a cheaper quote if you live in a higher risk area and got your license 2 years later than they did.
        Basically get quotes from all the providers you can think of and make your decision.

        • EagerEagle on 31/07/2025 - 19:43

          so you mean that my indivdual factors are so verstile that i get huge variations on my quotes for basic 3rd party insurance from different companies ? i got range from $52 to $120 per month for 3rd party cover only which seems ridiculous, hense asked the question here that what others are paying so i can negotiate with my current provider.

          • zonra on 31/07/2025 - 20:36
            +3

            @EagerEagle: TL;DR: The point here is insurance premium is not comparable between people.

            Each provider calculates premium using various factors ranging from car model/colour, driver gender, age, years of driving, claim history, address, garage vs carport vs street parking, km (to be) driven, time of driving and where it’s parked during the day (yes, some insurers ask these questions).
            A high performance car usually parked off road on meth street is not gonna share the same risk factor as a garaged soccer mom van living across a cop shop.
            So yes, huge variations can come from how much each provider emphasize on each factor when calculating risk, as well as how much margin they want to put on your policy.
            Even if I drove the exact same car as you, lived at the same address, and for the sake of this argument, we shared all the same characteristics for risk calculation, you may find your premium significantly dearer than what I pay last month if Joe down the road got his windows smashed last week and claimed through insurance, thus increasing the risk of this area for your risk calculation.

          • Gotchas on 04/08/2025 - 21:33

            @EagerEagle: I got quoted $300 more per year on house insurance 28 days after first quote - same answers
            You can’t negotiate with insurers - their price is based on their algorithms against 100s of factors

  • Gdsamp on 31/07/2025 - 14:14
    +1

    Opting for third party only on a car worth more than $10k is not really a sensible approach. especially with 1x at fault accident

    • EagerEagle on 31/07/2025 - 14:40
      -4

      i understand that but car was a gift so lets consider its value as less than 10k for now for sake of survey

      • zonra on 31/07/2025 - 15:36
        +6

        Makes sense, here I was thinking about the cost of a replacement car, but I guess you’d just get gifted another one. /s

      • Gdsamp on 31/07/2025 - 18:40
        1. Sell it
        2. Buy 10k car you can insure with third party only for next 10-15 years using the 7k difference
        3. ????
        4. Profit
    • Euphemistic on 03/08/2025 - 08:45

      Opting for third party depends on your risk appetite. If you can afford to be without a car, or replace at short notice from your cash reserves the TPP can save money - if you are a good driver.

      If you cannot afford to be without your car if someone uninsured hits you, you really should get comprehensive.

  • cloudy on 31/07/2025 - 14:26
    +1

    I actually did a qoute today for myself, RACV and AAMI gave me qoutes around 600-700 bucks for 3rd party. AAMI was 1300 for comp, and RACV was 2600 for comp.

    • EagerEagle on 31/07/2025 - 14:27

      no claims history, and single driver?

  • Drakesy on 31/07/2025 - 15:22
    +1

    $350 a year - RAC WA

  • mapax on 31/07/2025 - 16:30
    +1

    $370 p/a with fire and theft on a modified vehicle, no recent claims.
    RACV.

  • tekisei on 31/07/2025 - 16:36
    +1

    $380 GIO NSW, no claims - try to add your parents to the listed driver section, even if they never actually drive it.

  • CodeXD on 31/07/2025 - 17:26
    +2

    Currently the cheapest I found is 52$ per month

    The fact that you're quoting the cost by month is a blasphemy in itself.

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