The car insurance market makes up a large portion of market share in the Australian general insurance industry.
The car insurance market comprises of a range of companies offering third party insurance and comprehensive car insurance. In Australia third party is compulsory while comprehensive car insurance is not, however it is recommended for peace of mind.
There is a lot of competition in the comprehensive car insurance market in Australia with new players entering the market each year. There are a range of companies that offer car insurance, with some big players such as NRMA and GIO while there are some smaller competitors such as Bingle and Real Insurance. But the good thing is that because there is such a wide range you are bound to find a lower priced premium by shopping around.
If you are in the market for comprehensive car insurance, compare car insurance quotes online and see how much you can save.