News eDaily24 May 2017

Australia:Perth car owners enjoy lowest comprehensive cover rates

| 24 May 2017

Perth is Australia's cheapest capital city for comprehensive car insurance, and has been for four quarters running, at A$14.09 (US$10.57) per week for the first quarter of the year.

The amount is less than half the cost of a policy in Melbourne, which means that a family in Perth spends almost A$880 less on comprehensive car insurance each year, compared to a family living in Melbourne, shows the Australian Automobile Association’s 1Q2017 transport affordability index released on Monday.

The AAA index provides a quarterly report of transport costs in Australia’s major cities, based on a hypothetical household with two cars.

Melbourne remains the most expensive city in Australia to insure a car with a comprehensive insurance policy, at A$30.99 per week, followed by Sydney at A$28.29.

However, Melbourne is the fourth most expensive for compulsory third party motor insurance and licensing costs, at A$31.28 per week, after Sydney, Canberra and Perth. Hobart was the cheapest city in this case, at just A$22.49 per week.


 

 

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