You need Compulsory Third Party (CTP or Transport Accident Charge) insurance to legally drive on Victorian roads. However, in Victoria, CTP is actually bundled into the cost of your car registration. Handy. If you’re looking for comprehensive car insurance in Victoria, Melburnians may end up paying more than people in other Australian capital cities. 7
All Victorian drivers need Compulsory Third Party (CTP or Transport Accident Charge) insurance, which is included in your car’s registration cost.
From there, you can consider the right level of Youi cover for you to protect yourself from damage to other people, cars and property.
Whether your car insurance policy costs more in regional Victoria or inner-city Melbourne will depend on the level of cover you choose and your individual circumstances.
However, in general, car insurance does tend to cost more in densely populated areas as opposed to regional areas.8
Having car insurance in Victoria can lower the out-of-pocket costs you’ll need to pay if you’re ever in an accident. This can be extremely important for safeguarding yourself as much as possible when driving out on the beautiful Victorian roads.
While CTP insurance is mandatory in Victoria, you can also choose different levels of car insurance cover to further protect yourself in the event you get into an accident. Comprehensive car insurance for Victoria is, you guessed it, Youi’s most comprehensive option, featuring protection from accidental damage, theft, fires, storms, earthquakes and floods.9
The cost of car insurance in Victoria typically depends on a huge range of factors, including your level of cover, your age, your car, your driving and insurance history, where you live, and where you park your car.
Start a quote online with Youi today to see how much you could be saving on your car insurance with us.