With that in mind, let’s take a look at 10 new cars with some of the cheapest insurance rates here in Australia to give you an idea of the best value vehicles and insurance options out there to save you some serious cash.
10 New Cars with the Cheapest Insurance Rates
The Mazda CX-3 is the most affordable compact SUV within the company’s ranks, and thanks to its attractive price tag, ease of maintenance and strong safety rating, it’s also one of the cheapest new cars to insure here in Australia.
With prices starting from $23,390 for the entry-level CX-3 Neo Sport manual, the CX-3 platform remains within reach for many buyers, and thanks to its five-star ANCAP safety rating and autonomous emergency braking system, it remains relatively cheap to insure.
Stepping up higher into the range adds blind-spot monitoring, rear cross-traffic alerts, lane departure warnings and adaptive cruise control that help to keep the CX-3, and its driver, out of trouble on a daily drive that helps to keep insurance companies very happy.
With a sales career spanning back six decades, insurance companies are well-aware of the Toyota Corolla’s safety and reliability, and are happy to respond in kind with affordable insurance premiums for Corolla buyers.
Priced from $25,395, the Corolla is Australia’s best-selling small car and has been updated with a lineup offering hybrid options across all three model grades and some added safety kit as standard on base models.
The Corolla range comes fitted with autonomous emergency braking, adaptive cruise control, lane-keep and lane-trace assist, and lane-departure warnings as standard.
Buyers looking for a compact SUV can also turn on the Mitsubishi ASX range for some cheap insurance rates and generous equipment lists for a fair price.
The ASX range kicks off from $24,990 for the entry-level ES manual which comes fitted with 18-inch alloys, LED headlights, a leather-wrapped steering wheel and 8.0-inch infotainment system with Apple CarPlay & Android Auto.
Aside from its affordable asking price, the ASX also receives Australia’s longest warranty program, with up to ten-years of coverage with capped-price servicing when serviced within the Mitsubishi network, which has a positive impact on insurance premium prices.
Citroen’s funky little C3 has been designed for the city, and while it wears a European badge, it remains impressively cheap to insure here in Australia.
The C3 Shine is priced from $32,267 and comes powered by a fuel-efficient 1.2-litre three-cylinder petrol engine producing 81kW of power and 205Nm that returns fuel economy figures of just 5.2L/100km.
As standard, the C3 Shine comes packed with autonomous emergency braking, lane-departure warnings, blind-spot monitoring, traffic sign recognition, driver attention alerts and six airbags, making for a well-equipped hatch in the all-important area of safety.
Buyers looking for an affordable hatchback have turned on the Kia Rio for its value-for-money, strong safety rating and its impressively low running costs, which extend to its insurance premiums.
Priced from $19,690, the Rio is a refreshingly back-to-basics hatchback that is surprisingly fun to drive, with standard features including a reversing camera with parking sensors and an 8.0-inch infotainment system with wireless Apple CarPlay & Android Auto.
The Rio also receives Kia’s outstanding seven-year warranty program, which gives insurers peace of mind when it comes to long-term ownership and helps to reduce premium costs.
For those looking for a slice of premium European motoring in an affordable package, the Skoda Scala is a strong performer that takes on the Mazda 3, VW Golf and Toyota Corolla.
Where the Scala really shines is its long list of standard equipment, which includes 18-inch alloys, a powered boot lift, a 10.25-inch digital driver’s display and set of LED head & tail lights.
Safety equipment comes in the form of autonomous emergency braking, seven airbags, lane-keep assistance, adaptive cruise control and a driver fatigue detection system, which helps when it comes time to finding affordable insurance policies.
Hyundai’s i30 hatch has come leaps and bounds in recent generations, making for one of the most compelling value propositions within the small car segment, with the added bonus of a sedan variant for families.
The i30 range kicks off from $23,720 for the entry-level model that comes packing a heap of comfort and safety features as standard atop a strong five-star ANCAP safety rating.
In the base model, you’ll find 16-inch alloys, LED daytime running lamps, a leather-wrapped steering wheel, autonomous emergency braking with forward collision alerts, lane-keep assist and a 8.0-inch infotainment system with wireless Apple CarPlay & Android Auto.
The Suzuki Swift is renowned for its charismatic personality and undeniable value-for-money package that very much extends to its impressive ownership costs and affordable insurance rates.
The Swift range is priced from $23,490 and features three choices of engines for buyers, headlined by a 1.4-litre turbocharged four-cylinder producing 103kW/230Nm in the Swift Sport.
In the base model, you’ll receive 16-inch alloys, fog lights, LED daytime running lamps, cruise control, keyless entry and a 7.0-inch infotainment system with Apple CarPlay & Android Auto, which receives a five-star ANCAP safety rating that helps to keep insurance rates affordable.
One of the most iconic names in the world of small cars is also one of the most affordable to insure here in Australia, with the Volkswagen Polo offering buyers great value over long-term ownership and well-priced insurance costs.
While the VW Polo range has received a significant price hike in recent months, it remains competitively priced for a premium, well-equipped European hatch, with the range priced from $25,250.
To sweeten the deal, though, VW includes 15-inch alloys, LED head & tail lights, cruise control, wireless smartphone charging and two 8.0-inch displays for the driver and infotainment system as standard, with the platform receiving a five-star rating from ANCAP that helps to keep insurance costs under control.
The MG ZS offers buyers within the small SUV segment a heap of value, with the range priced from just $22,990 that comes generously equipped as standard.
The ZS range comes powered by a 1.5-litre four-cylinder petrol pushing out 84kW/150Nm, with a 1.0-litre turbocharged three-cylinder sitting at the top of the lineup, with power thrown to the front wheels via a six-speed automatic transmission.
Standard equipment lists for the ZS include 17-inch alloys, cruise control, a rear-view camera with parking sensors, an 8.0-inch infotainment system, and a leather-wrapped steering wheel and gear lever, rounding out the impressive value proposition.
What is the Cheapest Monthly Car Insurance?
This depends on a number of factors, including your age, the type of car you’re insuring, your driving history and even the state you live in, which has a huge impact on the price of your insurance premium.
For example, the average cost of car insurance in Tasmania, Australia’s cheapest state to insure a vehicle is $873, while Victorians pay on average $1,487 per year for car insurance.
As a general reference, though, some of the cheapest monthly car insurance premiums cost around $100 per month, rising to anywhere between $150 - $180 per month, depending on your insurer and the policy terms.
What Impacts Car Insurance Premium Prices?
There are a number of things that impact the cost of a car insurance premium, including the make, model and initial cost price of the vehicle, the age, gender and driving experience of the owner, where and how often the car is driven, whether it’s parked in a garage or on the street, your previous insurance policy history and even your credit history.
- Make, Model & Year of the Car
- Market Value
- ANCAP safety rating
- Ease of Repairs
- Location of Vehicle
- Driver Age & Gender
- Driving Experience & History
- Kilometres Driven Per Year
- Garage/Street Parking
- Previous Insurance History
- Credit History