Car insurance for MG

If you have questions about MG insurance, you’re in the right place. Select your MG model from the list to see the annual premium ranges for Comprehensive cover with Youi. You can also find out more about the levels of coverage we offer, as well as some cool facts about the MG brand.

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How much does MG car insurance cost?

To get an idea of how much your car insurance might cost, we take a range of factors into account, such as your age and your driving history. Other variables that can affect the cost include the model of your MG and its year of manufacture. For a general idea of the annual premium ranges for Comprehensive cover with Youi, take a look at the list of some of the MG vehicles we insure.

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Model

ANNUAL PREMIUM RANGE:

$835 to $1,688

Compared to all other MG models insured with Youi, the MG HS’s average annual insurance premium is about 2% higher.

ANNUAL PREMIUM RANGE:

$864 to $1,603

If you insure the MG HS +EV with Youi, the average annual insurance premium is around 10% higher compared with all other models of MG we insure.

ANNUAL PREMIUM RANGE:

$794 to $1,784

For Youi customers, the MG3 has an average annual insurance cost that’s around 0% higher compared with all other MG models we cover.

ANNUAL PREMIUM RANGE:

$777 to $1,593

The average cost of insurance for the MG3 Auto is about 5% lower compared with the average annual insurance premium for all other models of MG insured by Youi.

ANNUAL PREMIUM RANGE:

$779 to $1,640

When insured with Youi, the average annual cost of insurance for the MG ZS is about 3% lower compared with the other MG models we insure.

ANNUAL PREMIUM RANGE:

$989 to $1,705

For Youi customers, the average annual MG ZS EV insurance cost is around 5% higher than the other MG models we cover.

ANNUAL PREMIUM RANGE:

$785 to $1,635

For Youi customers, the MG ZST has an average annual insurance cost that’s around 4% lower compared with all other MG models we cover.

Information about indicative premium ranges and comparisons

When we display the indicative Comprehensive premium range for a car make and model, or offer a comparison of how a model’s annual premium compares to Youi premiums for all models for that car brand, we adopt some important guidelines:

The information displayed is based on Youi internal data for Comprehensive policies sold for the make and model between 06 Sep 2025 and 06 Mar 2026.
To improve how useful our data is, we only calculate our average comparisons on models where Youi data is available on at least 10 sold Comprehensive policies for that model.
As you would expect, we get some higher or lower premiums based on different risk ratings, so the indicative range does not represent all Youi customers. 80% of applicable Comprehensive car premiums purchased by our customers fell within or below the indicative premium range shown.
Premiums and offers to insure are subject to rating & underwriting, and your own individual circumstances.

What’s the average cost for MG insurance?

When insured with Youi, the average cost of Comprehensive cover for MG vehicles can vary between different models. Take a look at the list of MG models here to see the average annual premium for each. How we calculate these numbers. This will give you a general idea of how much your MG car insurance might cost with Youi. If you need more detailed info, please start a quote.

How we calculate these numbers

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M.G. MG3 Auto

$1,266

M.G. ZST

$1,271

M.G. ZS

$1,290

M.G. HS HYBRID+

$1,310

M.G. MG3

$1,326

M.G. Average

$1,327

M.G. ZS HYBRID+

$1,329

M.G. HS

$1,354

M.G. MGS5 Ev

$1,393

M.G. ZS Ev

$1,395

M.G. MG3 HYBRID+

$1,399

M.G. MG5

$1,449

M.G. HS +EV

$1,455

M.G. MG Qs

$1,487

M.G. MG4

$1,864

M.G. MGU9

$1,996

M.G. IM6

$3,031

Choose your cover

The three levels of coverage that Youi offers are Comprehensive, Third Party Fire & Theft, and Third Party Property Only. Take a look to find an option that suits you.

Comprehensive insurance

Our Comprehensive insurance includes cover for loss or damage to your car, plus damage your car causes to other people's cars and property.

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Third Party Fire & Theft

Includes cover for your car against fire and theft plus damage to other people's cars and property.

Third Party Fire & Theft

Third Party Property Only

Includes cover for damage to someone else's car and property.

Third Party Property Only

Comprehensive insurance

Our Comprehensive insurance includes cover for loss or damage to your car, plus damage your car causes to other people's cars and property.

Explore Comprehensive

Third Party Fire & Theft

Includes cover for your car against fire and theft plus damage to other people's cars and property.

Third Party Fire & Theft

Third Party Property Only

Includes cover for damage to someone else's car and property.

Third Party Property Only

Interesting facts about MG

The history of MG dates back to 1924

MG was founded by Cecil Kimber, who in 1924 had a vision to produce a world-class British racing car. ‘MG’ stands for ‘Morris Garages’, and Kimber chose this name as a sign of respect for his then boss William Morris. By the 1930s, Kimber’s vision had become a reality, with MG cars winning races across Britain and Europe.¹

MG is a sponsor of the South Sydney Rabbitohs

In 2022, MG Motor Australia announced its major partnership with leading NRL club, the South Sydney Rabbitohs. This 5-year partnership will see the famous MG octagon logo taking pride of place on the front of the Rabbitohs jersey, and it complements MG’s ambition to connect with Australian supporters of the MG brand.²

MG plans to install 3,000 EV chargers across Australia

MG is taking the initiative to roll out accessible EV infrastructure throughout the country. Launched in 2022, the MG ChargeHub Partner Program aims to support local economies and small businesses, by deploying up to 3,000 EV charging stations around Australia. The Carrington Hotel in the Blue Mountains was the first business to participate in the program.³

The MG Pilot Driver Safety Suite checks for hazards while driving

Integrated into the HS, ZST and ZS EV models, the MG Pilot Driver Safety Suite can check for unseen hazards while driving, and react autonomously whenever the safety of the driver is at risk. It can actively detect speed limit signs, provide hazard alerts when reversing, keep a safe distance between you and the car in front while using cruise control, apply the brakes to avoid or lessen the impact when it senses an impending collision and more.⁴

What might impact my MG insurance costs?

How much it might cost to insure your MG will depend on a number of variable factors. To get the most accurate info, start a quote with us today.

Model and year of manufacture

When it comes to MG insurance, the model will make a difference to your insurance premium. The year that your MG was manufactured is another significant factor.

Age and driving history

Two variables that can affect your insurance costs are your age and the number of years you’ve held a drivers licence. It can also make a difference if you’ve had any traffic incidents in the past or incurred any demerit points.

Your location

Your home address will be considered when you start a quote with Youi, because certain suburbs have higher crime rates, while others are more susceptible to extreme weather events. We will also need to know whether your MG will be parked outside on the street, or kept inside a locked garage.

Coverage level

The three levels of coverage that Youi offers are Comprehensive, Third Party Fire & Theft and Third Party Property Only. Each of these levels is priced differently.

Model and year of manufacture

When it comes to MG insurance, the model will make a difference to your insurance premium. The year that your MG was manufactured is another significant factor.

Age and driving history

Your location

Coverage level

The three levels of coverage that Youi offers are Comprehensive, Third Party Fire & Theft and Third Party Property Only. Each of these levels is priced differently.

FAQs

Keep reading to get answers to some of the questions that we often get asked about MG car insurance.

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For Youi customers, MG has an average annual insurance premium of $1,327. Compare this figure with the average annual insurance premiums for the following brands:

Toyota: Approximately $1,188
BMW: Approximately $1,463
Volvo: Approximately $1,228

Still got questions? Start a quote with us to get the most detailed info about MG insurance.

How we calculate these numbers

MG was founded by Cecil Kimber in 1924 and grew to become the quintessential British sports car brand. However, MG was acquired in 2007 by the Chinese state-owned business Shanghai Automotive Industry Company (SAIC). The MG headquarters is still in London, but their cars are manufactured in China, India and Thailand.⁵

With MG’s ‘Precise Price Servicing’ program, new car buyers are informed about how much they can expect to spend on their service conducted through MG’s authorised dealer network. This initiative covers the first 7 standard scheduled services, which are scheduled to occur at every 10,000km/12 months for ICE vehicles (whichever occurs first) or every 20,000km/24 months for electric vehicles. All items requiring maintenance in the MG service schedule are included in the quoted cost.⁶

In saying all of that, generally, how much it will cost to maintain your MG will depend on a number of factors, such as the model of the car, its age and the cost of parts and labour. To get an idea of how much you may need to pay to have your MG serviced, we recommend you get in touch with the manufacturer or a licensed mechanic.

VIEW THE PDS CAR INSURANCE TERMINOLOGY

Guides

Below you’ll find articles which provide additional information about car insurance together with answers to some frequently-asked insurance questions.

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