It is important for every car owner in Australia to have their car insured from various unexpected events that might happen when on the road. These events can range from car accidents to break down. Many people see car insurance as a very expensive affair, but it is actually possible to get car insurance in Australia for a great price. All you need to do is to compare the different insurance policies and quotes offered by different insurers and get the one that works well for you.
Australian car insurance usually includes the Compulsory Third Party insurance (CTP). Every car owner must have the CTP failure to which the car is not considered legal. It is usually mandatory when registering a vehicle and one gets to choose an insurer, though the price is government controlled. This type of cover can be such as third party cover for property damage, fire and theft. This allows for protection against theft and fire only as well as makes sure to cover the damage that might occur to another person’s property or car. The third party property damage cover is for protection of essentials and that of damage to someone else’s property and car.
Aside from the third party cover, the car insurance in Australia has comprehensive cover. This one offers protection for different types of damage that might happen to your car and the contents in it. These damages range from accidents to fires and thefts. Some benefits are available with the comprehensive insurance cover. These however, might vary from one insurer to another, as not all companies offer them. These are such as
- Car towing services
- Windscreen protection
- No claim protection bonus or lifetime bonus protection according to preference
- New car as a result of total loss
- Cover for costs for car hire, where the accidents are ‘not at fault’ as well as cover for attempted theft and after theft
- Emergency accommodation and travel
- Cover for locks, barrels and keys
- Choice of repairer and use of parts that are genuine
- Cover for the items in the car such as child seats
- Choice of market value or an agreed value
The Australian car insurance allows for flexible methods of payment for the premiums. There are also varieties of policies and quotes available, from which one can choose those that they find suit them best. With such mandatory requirements on the CTP, there is assurance of some form of safety and security for car owners on the road.
For more information on car insurance in New South Wales: Car Insurance NSW