subject: Comparing Australian car insurance [print this page] Comparing Australian car insurance Comparing Australian car insurance
The first thing to understand is the type of insurance you are seeking. Yes, there are different prices and shopping around or comparing is the best way to get the best deal. But beware comparing apples with oranges. You have to compare like with like. Because one policy is cheaper doesn't make it better. And the most important thing is to get the right cover for your car with you as its driver.
Two prominent types of car insurance are CTP or Compulsory Third Party and Comprehensive. As the word compulsory' is part of CTP you should know that it is insurance which is taken out when your car is registered. You have no choice but to pay for this cover; it is compulsory. Comprehensive is the largest part of your car insurance and the one aspect in which companies can and do offer variation in their policies. The other types of non-compulsory car insurance are Third Party Fire and Theft and Third Party Property Damage. The first is to cover damage to or loss of your vehicle due to fire or theft and the property cover is to protect you should your vehicle cause damage to someone else's property.
Know too that most policies don't cover several things. You should ask to be sure before buying but usually your basic cover will not include wear and tear, damage to tyres when not in an accident and breakdowns.
Before choosing what you hope is the best deal, remember that cheapest doesn't always mean best. You need to consider a number of points including the age and cost of your vehicle, the amount of use, where the car is stored when not being driven, etc. Is your car vital to your employment? What is your age and driving record? These points help you decide the type of cover you need and certainly the risk insurers will take with you.
It's no good paying a low premium if you don't get the cover you require. Of course your budget restraints will need to be considered but make sure you have all the information at your fingertips before you start making comparisons.
Many people with car insurance receive their renewal policy every twelve months and pay the premium without thinking. They need insurance cover. But are they getting the best deal? Are they paying for cover they don't need? Are they not covered for an area they really do need?
The best advice is to use a free and independent company which can take your data and produce a number of quotes from a variety of car insurers. By simply providing the relevant facts about your vehicle and yourself, in no time at all you are given a comprehensive and personal report on what's available for you and your car regarding insurance. You would be mad not to take advantage of such a worthwhile and free service.
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