CAR INSURANCE IS CRUCIAL NO MATTER WHAT CAR YOU DRIVE
Adrian Taylor, General Manager of General Insurance at Compare the Market, says it’s important to get car insurance regardless what brand of car you drive – especially if it’s a brand new Christmas present.
“Whether you have a dependable Toyota, a high-tech Tesla or sporty BMW, it’s important to get adequate car insurance for your needs. Owners of new cars typically purchase a higher level of cover due to their cost and replacement value. Many comprehensive policies have a new car replacement benefit where you can receive a brand new one if yours is written off in an insured event within a specified time frame,” says Taylor.
“Regardless of how new or what type of vehicle your car is, car insurance is a financial safety net that can help if something goes wrong. Cars are a vital method of transport across the world, which is why an insurance policy to protect from insured events such as theft, storm and collisions is important,” Taylor explains.
Taylor also notes that it’s important to look at payout limits, exclusions, covered events and other details in the Product Disclosure Statement, Target Market Determinations and other policy documents before you buy.
“All these details can change between policies, so make sure you read the terms and conditions before you buy so you have all the important information you need when deciding on a policy.”