Looking for car insurance that won't bleed your wallet dry on a cheap car? Well, brace yourself for some reality: cheap cars usually mean cheap insurance, but not always. Insurance premiums depend on more than just the price tag; factors like the car's make, model, age, and your driving history play a starring role.
Generally, older, less powerful cars attract lower premiums. You could be looking at annual premiums ranging from $500 to $1200 AUD for a modest policy, but that varies wildly. Don’t forget to shop around—comparison sites and brokers can be your best mates here.
For used cheap cars, expect lower premiums but also watch out for limited coverage options. Check out Tradingpost and CarShowroom for bargains and then hit up insurance calculators to get a realistic quote.
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