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Updated 09/01/2024
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Reviewed by Toby Hagon and expert tip added.
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Fact checked
Our aim is to help you make better informed decisions. That’s why iSelect’s content is produced in accordance with our fact-checking and editorial guidelines.
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Written by

Francis Taylor

Updated 09/01/2024

What changed?

Reviewed by Toby Hagon and expert tip added.
Our aim is to help you make better informed decisions. That’s why iSelect’s content is produced in accordance with our fact-checking and editorial guidelines.

Edited by

Laura Crowden

Reviewed by

Toby Hagon

Find out more about how we make money.

View our Privacy Policy.

iSelect does not compare all providers or policies in the market and not all policies or special offers are available at all times, through all channels or in all areas. Not all policies available from our providers are compared by iSelect and due to commercial arrangements and customer circumstances, not all policies compared by iSelect are available to all customers. Learn more.

Car Insurance in Victoria

With so many people on the road in Victoria from other cars, bikes, pedestrians, and trams, adequate car insurance can provide some much-needed protection as you zip around this bustling state.

What types of Car Insurance are available in Victoria?

Comprehensive Car Insurance

Victorians with Comprehensive Car Insurance have the invaluable peace of mind that comes from knowing they have one of the highest levels of cover. As well as covering all of the things outlined in TPP and TPF&T  it helps cover damage to your car in an accident or in an extreme weather event, fire or vandalism. It can also help replace your car if it is damaged beyond repair (‘written off’) after an accident. 

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Compulsory Third Party (CTP)

As the name suggests, this is compulsory for all Victorian vehicles. It’s included in the cost of your car registration and can pay for death and medical costs in the unfortunate event your car is involved in a serious accident. It can help cover you, your passengers, other road users and pedestrians. Basically, anyone who is injured, or worse, because of an accident with your car.

It’s important to note that CTP doesn’t cover property damage, including damage to your car or other people’s property involved in the accident.

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Third Party Property (TPP)

This is the next step up and is often deemed to be the minimum insurance drivers should consider. It helps cover damage to other people’s property caused by your car in an accident. In some limited circumstances, it may also help cover some of your costs if another driver is at fault and they’re not insured. So, if you have TPP insurance and you run into a brand-new Rolls Royce, you probably won’t have to buy a new one out of your own pocket. Phew!

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Third Party Fire and Theft (TPF&T)

Another step up is Third Party Fire and Theft insurance. TPF&T helps cover Victorians for damage to another person’s vehicle or property (that’s the ‘Third Party’ bit), and it also helps cover you for any loss or damage to your car resulting from a fire or if it’s stolen. Some policies can also include limited cover should you have a ‘not at fault’ accident and the other driver isn’t insured, but you’ll have to check this with individual providers. 

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A breakdown of typical inclusions in each policy

Insurance Type Injuries to other people Damage to other people’s car or property Damage caused by fire or theft Accidental damage to your own car 
Compulsory Third Party Yes No No No 
Third-Party Property Damage No Yes No No 
 Third-Party Fire and Theft No Yes Yes No 
 Comprehensive No Yes Yes Yes 

Before deciding on a policy, it is important to review the Product Disclosure Statement (PDS) which has detailed information about exclusions, limitations and inclusions. 

Helpful Tip:

Driving in Melbourne can be a challenge for those not familiar with dealing with trams and hook turns. So if you’re from out of town a Comprehensive Policy could be worth the added peace of mind!

Toby Hagon

Motoring Journalist

How much does Car Insurance cost in Victoria?

The cost of car insurance in Victoria can vary for many reasons; the type of cover you choose, the car you drive and where you live can all have an impact.  

To give you an idea of costs, here’s the average cost of Comprehensive Car Insurance premiums for Victorian iSelect customers.

How users rated our service

Car Insurance in Victoria: your frequently asked questions

Do I need car insurance in Victoria if CTP is included in my registration?

How do I find a suitable car insurance policy in Victoria?

How can I reduce my Car Insurance premiums?

Does Victoria have high rates of car theft?

What cars get stolen the most?

Does Victoria have dangerous roads?

So Victoria…are you ready to start comparing policies?

iSelect does not compare all car insurers or policies in the market. The availability of policies may change from time to time. Not all policies available from iSelect’s providers are compared by iSelect and due to commercial arrangements, area or availability, not all policies compared by iSelect will be available to all customers. Some policies are available only from iSelect’s call centre or website. A number of our participating general insurance brands are arranged by Auto & General Services Pty Ltd ACN 003 617 909 on behalf of Auto & General Insurance Company Limited 111 586 353, both of which are related entities of iSelect Limited. Our relationship with those companies does not impact the integrity of our comparison service. Click here to view iSelect’s range of providers.

iSelect General Pty Limited ABN 90 131 798 126, AFS Licence Number: 334115. Any advice provided by iSelect is of a general nature and does not take into account your objectives, financial situation or needs. You need to consider the appropriateness of any information or general advice iSelect gives you, having regard to your personal situation, before acting on iSelect’s advice or purchasing any policy. You should consider iSelect’s Financial Services Guide which provides information about our services and your rights as a client of iSelect. iSelect receives commission for each policy sold that is a percentage of the premium or a flat fee. Ask us for more details before we provide you with any services.