Whether you're living in the city of Hobart or anywhere else across the island, such as Launceston or Devonport, having the appropriate car insurance is essential for all Tasmanian drivers. That's why it's important to compare your car insurance options to help you find the best policy for your needs.
What car insurance options can I choose from in Tasmania?
The car insurance policies you can choose from in Tasmania are:
Compulsory third party (CTP)
CTP insurance is the only mandatory type of car insurance in Australia. It covers injuries or death caused to others in an accident but not damage to property, other vehicles or the driver’s own injuries or vehicle.
In terms of what each policy does and doesn’t cover, it varies from lender to lender. However, you can see a general breakdown of the main inclusions here:
| Claimable event | Comp. | TPFT | TPPD | CTP |
|---|---|---|---|---|
| Damage to someone else’s property | ✔ | ✔ | ✔ | ✖ |
| Damage to your car due to fire | ✔ | ✔ | ✖ | ✖ |
| Damage to your car due to theft | ✔ | ✔ | ✖ | ✖ |
| Damage to your car due to weather | ✔* | ✖ | ✖ | ✖ |
| Damage to your car due to accident or collision | ✔ | ✖ | ✖ | ✖ |
| Injury or death of someone else in an at-fault accident | ✖ | ✖ | ✖ | ✔ |
| *Not all weather-related incidents are covered under a comprehensive car insurance policy. Check your PDS to find out what's covered and what isn't. | ||||
Tasmania car insurance requirements
As is the case in all other parts of Australia, all drivers in Tasmania must be covered by a CTP insurance policy, which is administered by the Motor Accidents Insurance Board (MAIB). Your premium is bundled into your vehicle registration fee each year, so you’ll be covered as long as your car is registered.
How much does car insurance cost in Tasmania?
Your car insurance premium in Tassie will change depending on several key variables, two of which are your gender (a small change) and the car you’re insuring with your policy (a larger, more important factor). You can see how comprehensive car insurance quotes shake out for different vehicles in Tasmania here:
Comprehensive car insurance quotes based on a 35-year-old driver who obtained their licence at 17, has held comprehensive cover with no claims over the last five years, is employed full-time, is a homeowner and lives in Hobart (7004), uses their car for private purposes and commuting only (business usage included in the Ford Ranger quote) and drives approximately 12,000km per year. All quotes are based on a $1,000 excess. All cars are garaged, have no modifications or non-standard accessories and have an alarm installed. Quotes obtained through Compare the Market on 19 November 2025.2025 Ford Ranger XL 2WD Two-Door Cab Chassis
Gender
Cheapest premium
Average premium
Most expensive premium
Male
$930
$1,458
$1,877
Female
$950
$1,458
$1,868
2025 Toyota RAV4 GX 2WD
Gender
Cheapest premium
Average premium
Most expensive premium
Male
$766
$1,441
$1,906
Female
$781
$1,440
$1,897
2022 Hyundai i20 N
Gender
Cheapest premium
Average premium
Most expensive premium
Male
$614
$1,076
$1,377
Female
$638
$1,079
$1,370
2020 Mazda6 Sport
Gender
Cheapest premium
Average premium
Most expensive premium
Male
$795
$1,346
$1,679
Female
$808
$1,345
$1,671
As you can see, there are quite significant discrepancies between the minimum and maximum premiums across the different models. Although Tasmania is a small island compared to the other mainland states, there are still minor differences in premiums depending on where you live:
Car insurance quotes based on a 35-year-old male driver who obtained their licence at 17, has held comprehensive cover with no claims over the last five years, is employed full-time, is a homeowner, uses their car for private purposes and commuting only and drives approximately 12,000km per year. All comprehensive quotes are based on a $1,000 excess and TPPD quotes on a $500 excess. All cars are garaged, have no modifications or non-standard accessories and have an alarm installed. Quotes obtained through Compare the Market on 19 November 2025.2020 Toyota RAV4 GX 2WD
Location
Cheapest TPPD premium
Cheapest comprehensive premium
Hobart
$245
$711
Launceston
$249
$717
Devonport
$235
$713
Burnie
$240
$698
Cambridge
$238
$690
How do I compare car insurance in Tasmania?
In terms of comparing car insurance deals, there are important things to look out for. Here are just a few of the things to keep an eye on when considering different policies side by side:
- Policy coverage: what are the insured events and claim limits under the policy? In general terms, the more coverage, the better.
- Policy cost: how much will you be paying for your car insurance? Choosing the right policy is often a balancing act between adequate cover and affordability.
- Signup bonuses: does your lender offer a discount for signing up online or if you hold a home and contents or other insurance policy? Don’t sacrifice adequate cover for short-term savings.
- Excess: how much can you select as an excess? This could vary from $500 or less to over $1,500. Make sure you can choose an amount you can afford to pay if you make a claim.
- Payment flexibility: can you pay your premium monthly or annually? Most insurers will give you a choice between the two, but many offer discounts for annual payments.
- Agreed or market value cover: can you choose between a market value or agreed payment if your car is written off? Agreed value cover is typically more expensive, but can deliver you a higher payout in the event of a write off.
