Online Car Insurance
Online Car Insurance has really taken off these last few years. Thousands of Australians now get online car insurance quotes direct from their computer. Reputable companies generally allow you to take online car insurance quotes that then allow you to easily call and setup your cover. While different car insurance companies may offer variations and add-on benefits, these are the main types of insurance available to Australian drivers. Online Car Insurance options are as follows:
Online Car Insurance
Option 1: Compulsory third party (CTP) car insurance
CTP insurance is compulsory throughout Australia, and you pay for it when you register your car. It covers injury to other people when your vehicle is involved in an accident. In some States (including Victoria) it covers injury to you as well as the driver, but in other states (like NSW) injury to the driver is not covered.
Because medical expenses and compensation payments for those injured in car accidents amount to millions of dollars each year, governments have made it illegal to drive a car without this type of insurance. This insurance is compulsory for all drivers all across the country. Most online car insurance companies offer CTP car insurance.
Option 2: Third party property insurance
This type of car insurance covers you for damage that your vehicle causes to other people’s property, as well as your own legal costs. Neither the cost of repairs to your own car or the replacement of your car if it is stolen, are covered by third party property insurance.
Option 3: Third party, fire and theft insurance
Third party fire and theft insurance provides limited cover for your car against fire and theft, as well as damage caused by your car to other people’s property. You car is not covered for damage in an accident with this type of policy.
Option 4: Comprehensive insurance
While this is the most expensive type of online car insurance, it does give you the most cover, as its name may suggest. Comprehensive insurance covers theft and damage to your car, as well as damage to other people’s property if your car is involved in an accident, including fire. Often there are optional add-ons to comprehensive insurance policies (e.g. use of a hire car while repairs are being carried out).
Online Car Insurance
Shopping around can be really be a worthwhile exercise when it comes to searching for an online car insurance. Most companies offer loyalty discounts (i.e. if you have other policies with them), and mature drivers or those with an accident-free history are usually rewarded with lower premiums. So why should you get online car insurance quotes?
It is particularly worthwhile comparing rates if:
• You have never had a claim
• You are a young driver
• You will have a young driver using your car regularly
• You have previously made a claim
• You live in an area that is deemed ‘high risk’ for car theft and damage
Online Car Insurance
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