In addition to the Compulsory Third Party Insurance, there are three different types of non-compulsory covers available.
Third party property damage
After the CTP this is seen the minimal non-compulsory policy. It will cover you for the damage caused by your car to other people’s property. Even if you do not think that your car is worthy of insuring taking out this policy will cover you for the damages bill if you collided with a luxury car, a bill potentially worth thousands.
Third Party Fire and theft Cover
This policy will cover the damage to your car as a result of fire or theft as well as provide coverage for damages caused by your car to other people’s property.
Comprehensive Car Insurance
Comprehensive car insurance is an insurer’s most extensive policy. It is also the most commonly held policy in Australia. It covers you for most damages done to your car as a result of collision, flood, fire, storm and theft. It also includes cover for damages to other people’s car and property as a result of a collision involving your car. Get a quote now to compare comprehensive car insurance policies.
General Exclusions for most insurance coverage
These are only general exclusions while an insurer may have many more. For more details please refer to the policy PDS.
- Tyre damage not resulting from an accident
- Mechanical, structural, electronic or electric failures or breakdowns
- Loss resulting from not being able to use your car such as your income.
- Depreciation, corrosion, or wear and tear
- Loss or damaged caused intentionally by you or by someone acting for you
Review online quote estimates from participating providers (though not all may be listed for every quote):
Budget Direct, Virgin Money, Ozicare, 1stforWomen, ibuyeco, Cashback, Retirease and AI Insurance.
Disclaimer
Nothing in this car insurance comparison service should be taken as constituting personal advice. It has been prepared without taking account of your objectives, financial situation or needs. Before you buy a car insurance policy you should consider whether it is right for you. Whilst policy features are listed here, it is only a summary and does not describe all policy details. Be sure to read the insurer's Financial Services Guide and Product Disclosure Statement before deciding to buy. Quotes are estimates of premiums of our participating providers. As with all insurance premiums, these are subject to underwriting and may change. See InfoChoice's Financial Service Guide. InfoChoice Ltd ABN 93 061 105 735 AFSL No. 349445