Car Insurance In Australia Explained – Car insurance protects you against financial damage if your car is in an accident. There are three main types of car insurance: car insurance, third-party liability insurance and compulsory third-party liability insurance (CTP). Each covers different things.
For example, comprehensive car insurance covers car repairs caused by, for example, collision, fire, theft and weather events. It also covers damage caused by using your car on someone else’s car or property.
Car Insurance In Australia Explained
Third-party car insurance covers damage caused by using your car on someone else’s car or property.
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CTP covers the driver of your car if he causes an accident in which someone else is injured. The CTP covers that victim’s medical expenses and the compensation to which they are entitled. See our CTP page for more information.
Check out our car insurance options below and read our FAQs for more information. We’re here to make it easy and help you find the right coverage option.
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This chart will help you understand the key differences between comprehensive car insurance and third-party property damage insurance. Please read the relevant Product Data Sheet (PDS) and Target Market Definition (TMD) for full details, including applicable limitations, exclusions and conditions.
Mercedes Car Insurance
For more information, see our car insurance page or read the PDS and TMD.
For more information, visit our Third Party Property Damage Insurance page or read the PDS and TMD.
When choosing car insurance, it’s important to know the facts so you can make an informed decision. By understanding what you’re covered for, you can avoid unexpected costs.
Compulsory Third Party Insurance (CTP), also known as Green Slip in New South Wales, is a legal requirement for vehicles registered in NSW, QLD, SA and ACT. If you or someone driving a car causes an accident where another person is injured, CTP will cover the costs of the accident. It does not cover damage to your vehicle, other vehicles or property. Other countries and territories include CTP as part of the vehicle registration fee, meaning you can’t choose your own insurer.
Extended Car Warranty
Although not mandatory, you should consider car insurance in addition to CTP. Car insurance can cover the costs of repairing or replacing vehicles and property if something goes wrong.
Comprehensive insurance covers accidental loss or damage to your car if you are involved in a collision, if it is stolen or damaged in a fire, or during a weather event such as hail or flood. It also covers damage your car causes to other people’s property.
Third-party property damage insurance offers less protection. Covers damage caused to someone else’s car or property due to the use of your car. It does not cover repairs to your vehicle if the driver causes an accident.
Car insurance is a way to protect yourself against financial loss if something goes wrong. Depending on the type of car insurance you have, it may help cover damage to your car in certain circumstances. For example, compulsory third party (CTP) car insurance covers reasonable and necessary medical expenses for personal injury if your vehicle is involved in an accident.
Low Kilometres Car Insurance
Comprehensive car insurance covers accidental loss or damage to your car if you are involved in a collision, if it is stolen or damaged by fire or weather conditions such as hail or flood, up to the policy limits.
Third-party property damage insurance covers damage caused by the use of your vehicle to someone else’s vehicle or property. For an additional fee, it can also cover loss or damage to your vehicle due to fire, theft or attempted theft.
Comprehensive car insurance offers the highest level of protection. Covers repairs to your vehicle caused by, for example, collisions, fire, theft and weather events. It also covers damage to someone else’s car or property caused by the use of your car.
Choosing the right car insurance depends on your needs, and everyone’s needs are different. It’s important to understand the difference between comprehensive car insurance and third-party car insurance.
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Comprehensive insurance compensates for damage caused to your vehicle and its driver, which the use of your vehicle causes to third-party vehicles and property. For example, if your car accidentally collides with another car at a traffic light.
Third-party property damage insurance offers less protection. This covers your legal liability for damage caused to someone else’s car or property due to the use of your car. It does not cover repairs to your car if the driver of your car causes an accident. It also does not cover damage caused, for example, by weather events, fire or theft.
You can add a fire and theft protection option to your third-party property damage vehicle insurance for an additional fee, which includes compensation for loss or damage to your vehicle caused by fire, theft or attempted theft up to the amount indicated in the notice . Your certificate of insurance.
The easiest way to compare car insurance and see how much it might cost is to get a quote. The insurance premium is the purchase price of the insurance. This is a value we determine taking into account, for example, your ability to make a claim under your insurance coverage, the options you choose, the total cost of claims we expect to pay, our business expenses and other business factors . .
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The basic deductible is the amount you must pay for the claim. The higher the basic deductible you choose, the lower your premium will be. Before making a decision, find out about insurance exceptions.
Make sure the accident site is safe. If anyone is injured or significant property damage occurs, immediately call the police and, if necessary, an ambulance. Try to avoid further damage to your car and maintain it.
Be sure to collect the names, addresses, phone numbers, license plate numbers and car insurance information of any other drivers involved, as well as contact information for any witnesses.
Keep this information handy when contacting the auto insurance claims department. You can call us 24 hours a day on 133 723 or leave your complaint online.
Third Party Vs Comprehensive Car Insurance
Visit our car insurance claims page to make a claim online or call us 24 hours a day on 133 723.
If my windshield breaks in a car accident, can I get it repaired or replaced immediately and will my car insurance cover it?
If there is damage to your vehicle’s windshield, sunroof, or glass and we can determine that it can be repaired without replacing the glass, we will handle the repair and there will be no insurance fees. We cover this type of repair as standard with comprehensive car insurance.
If you chose the “no deductible” windshield option for additional insurance, you will not need to pay the deductible if the claim is just for damage to the windshield, sunroof or windows and belongings in your car. must be replaced.
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If you need to make a claim for your car’s windscreen or other window glass, visit our car insurance claims page to make a claim online or call us 24 hours a day on 133 723.
If you have advance insurance and the amortization of your vehicle, we will pay the agreed amount or the market value according to the level of insurance you choose. Or if you insured a new vehicle, less than three years old and driven less than 60,000 km, we will replace it with a new one.
Call the police immediately to report it and then call 133 723 (24 hours a day, 7 days a week) to make your complaint. You can also apply online.
To avoid delay, reduction or rejection of your claim, you must not admit fault or liability if you were involved in the incident.
Understand Your Cover
Contact the car insurance company’s claims department so we can wait for the other driver’s claim. We take care of all communication between them or your insurance company for you. Call us 24 hours a day on 133 723.
The agreed value is the amount for which you agree to insure your vehicle for an insurance period. The agreed value appears on your insurance certificate. If you decide to insure your vehicle at market value, we will determine the market value of your vehicle immediately prior to the damage report. To do this, we use industry-recognized guides and take into account, among other things, your make, model, age, mileage driven, installed accessories and modifications, as well as your general condition. The agreed value or market value you select will be displayed on your payment.
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