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Student car insurance

Are you a student looking for car insurance?

If you're a student looking for car insurance, chances are that you're a young driver.

Car insurers determine their premiums based on factors including:

  • Age
  • Gender
  • Area you live in
  • Type of car you drive

Based on age alone, most students will tend to have higher premiums because statistics show that younger drivers are more likely to be involved in accidents and therefore make claims on their policies.

Choose the right type of policy for you

Choose a policy that suits your circumstances and budget.

Comprehensive Car Insurance

  • Generally covers damage to yours and other people's vehicles and property when you are at fault
  • Most expensive but important if you value your car

Third Party Fire and Theft

  • Generally covers damage to other people's vehicles or property when you are at fault
  • Covers your car only if it is stolen or damaged by fire

Third Party Property

  • Generally covers damage to other people's vehicles and property when you are at fault, but not your own
  • Cheapest but important in order to exempt you from legal liability for damage you may cause

How to lower the rate of your car insurance premium

Choose a lower risk car

Insurers increase the premiums for cars associated with high speeds and frequent thefts, so avoid those types of cars. Also avoid modified cars and those that require rare or expensive parts.

Keep a good driving record

A clean driving record, clear of traffic offences and accidents, may increase your chance for a lower premium, as taking an approved driving course like Defensive Driving might also. Keep in mind that car insurers will not cover you for damage caused by drunk driving, racing or other illegal activity.

Don't modify your car

As mentioned above, modified cars are harder to insure and attract higher premiums, but did you know that by modifying your car, you could even nullify your policy? Don't risk your claim being rejected when you need it most. Either avoid modifications or inform your insurer beforehand to see how it will affect your policy.

Be aware of excesses

You can choose a basic excess for your car insurance policy to reduce the cost of your up-front premium, but be aware that there are other excesses that may apply for student drivers. For example, the age excess is applied on top of your basic excess if the driver at the time was under 25, and the inexperienced driver excess may apply for drivers over 25 who have not held their Australian drivers licence for over two years.

Compare quotes to save money

The best way for student drivers to save money on car insurance is to compare a few quotes from different insurers before choosing the one that suits them best.

This is general information only and does not take into account your personal objectives, financial situation or needs. You should consider the relevant PDS available on this website prior to purchasing any product. Choosi offers insurance products from a range of brands but does not compare all products available in the market.

Compare car insurance products now

If you’re keen to see if you can find a better deal on your car insurance, start comparing with Choosi today. It’s 100% free to compare and once you find the policy for your car, you can apply for the same price as going direct. Happy driving!