CAR INSURANCE INFORMATION
Please see information on Car Insurance below.
CAR INSURANCE
I already have Compulsory Cover – why Do I need Car Insurance?
Every Australian who drives a car should have the compulsory cover on this – called 'the green slip' in New South Wales but generally known as CTP or Compulsory Third Party. When you register your car, you will pay this and it covers you in case other road users are injured in the event that your car is involved in an accident.
But there are many factors which are not covered by compulsory cover – such as injuries which you might suffer, or damage to your car.
What Insurance Policies are there?
There are many car insurance policies on offer, including:
The Main Types:
- Damage to your own car (Comprehensive Cover)
- Damage to the property of others
- Third Party
Other Types:
- Caravan insurance
- Young Drivers
- Commercial Motor Vehicle
- Senior Drivers
Which Cover is Right for me?
Which policy or cover type is up to you – there are many providers on the Australian market. Think about your personal circumstances.
Do you drive often, what is your age, might it be much cheaper to cover yourself in the event of an accident? Much as we don't like to think that an accident could happen on the roads, it does happen frequently and even responsible drivers can be the victim of an accident.
Look around the car insurance market, weigh up the options and make sure any prospective insurer is clear with you. Look for what premiums are offered and what the fees and costs are.
Please Note: www.whichwaytopayaustralia.com is not authorised to give advice under the ASIC (Australian Securities & Investments Commission).
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