Unfortunately, the car insurance for young is expensive. In some cases - very expensive. To put it bluntly - even if you are a responsible young driver, you will pay higher rates. The reason is statistics which places all young people among those few irresponsible idiots. Most car insurers will quote higher rates until you are about 25 years of age. Thus, if you need a car insurance for young then you either save money, get a part time job or borrow it from your parents.
Car insurance for young is available through major companies.
RACV, AAMI, Alianz etc offer the insurance policies to all ages.
There are also those, which specialise in the car insurance for young.
OnePath and Just Car Insurance provide comprehensive options for younger drivers.
These companies also offer a tailored-insurance for the modified cars.
Unfortunately, you will not find many operators which provide substantial discounts.
For car insurers, anyone below 25 years of age is a potential, statistical hazard.
The short answer is "yes". That is, if you can afford it.
The comprehensive policy includes most of the options.
And it is cheaper than each item separately.
However, if your vehicle is worth as much as the bicycle, you can opt for the third party car insurance.
This type of the car insurance for young is about 30% cheaper.
For most of the mature drivers, 30% is a small monetary value.
On the other hand, for young drivers, this option can save hundreds of dollars.
The third party car insurance will only cover the cost of the repairs for other parties involved in the crash.
However, for majority of young people this is the most feared financial burden.
Ok, the comprehensive car insurance for young will seldom cost less than $1000 per year.
If insurers offer $800 packages for young drivers then you must read the small print carefully.
Currently, the standard, comprehensive car insurance for young costs about $1800 with AAMI and $1600 with OnePath.
RACV also quotes a similar policy for $1800+ mark.
Most second hand cars, which young people can afford are about twice as expensive as the policy itself.
For this reason you can try the third party car insurance for young.
It will not cover the cost of repairs for your own car.
However, it can save $500 for the complete peace of mind that nobody else will sue you.