There are several types of car insurance available to you, each offering a different level of cover. Only one option in this list is compulsory for all owners, so it’s up to you which of the other three you’d like to take out. The exact details of each type of cover will be listed in the relevant Product Disclosure Statement (PDS).
Drivers are constantly surprised with the unexpected when out on the roads and even at home. To ensure your vehicle is protected in more circumstances, it’s essential that you take out the right level of insurance for your current needs.
When making your decision, consider the following and always check the PDS to confirm your cover:
While your postcode can influence your premium (e.g. rates of theft and traffic congestion in specific areas may impact drivers’ likelihood to claim), your state or territory doesn’t tend to make much difference to your premium. The only thing that drivers in NSW should be aware of is that they must take out CTP insurance separate to registering their car.
If you want a little bit of extra cover for the premiums you pay, many Australian car insurance policies will offer you optional extras. These extras can provide you with broader cover, complimentary services and more.
Most drivers want to find the best car insurance available, or at least the cheapest!
We always recommend you set out to find policies that suit your needs, not just your budget. When looking for a policy, ask yourself the following:
There’s a lot to consider, so it’s important you first shop around for more than one option before you even consider the costs. Once you compile a list of suitable policies, you can then start narrowing down your options.
So, if you’re looking for comprehensive car insurance in your part of the country, start your journey here. We make it easy to compare a wide range of options, including policies’ features and prices. We also can help you compare Third Party Property Damage and Fire & Theft policies.
Regardless of which level of cover you have, your car insurance policy can cover learner drivers. You may need to list them on your car insurance to avoid paying an unlisted drivers’ excess (on top of a younger driver excess and the basic excess) in the event of a claim.
Comprehensive car insurance policies typically include cover for towing after an accident. Other car insurance products generally don’t, although there may be a provision for towing if you can prove that you weren’t at fault.
Some car insurance providers do give you a choice of repairer, typically with comprehensive cover. Not all insurance providers offer this in their list of policy benefits and inclusions.
If you have a no claim discount (a discount for not making an insurance claim within a set period), you may be able to keep it when switching to a different provider. This may also be known as a safe driver rating or no claim bonus.
Generally, comprehensive car insurance is the only type of cover that can include a brand-new replacement vehicle if your car is a total loss. There are conditions regarding this benefit, namely that it’s a new car which is only a few years old and you’re the first owner.
A choice between an agreed value and market value when insuring your car is one of the more common car insurance options providers offer. This option will not be available with every type of cover or insurer, but if you want to insure your vehicle for an agreed value (as opposed to the market value, which can change over time), you typically need to contact the insurance provider before purchasing.
Got additional questions about car insurance? Read our full list of car insurance FAQs here.