Agents of Drive - A car blog by a team of undercover agents(ish

3 people, 6 cars and a whole lotta fun!

  • Home
  • About Us
  • Featured
  • Cars
  • Car Buying
  • In Car Stuff
  • Driving Guides
  • Contact Me

Choose Car Insurance where You will be Maximum Benefited

November 6, 2019 10:30 am Filed to: Cars by Jerry

If you are in Australia and wants to buy insurance cover for your car and are wondering which one to buy, you should understand that car insurance in Australia are of four types:

  1. Comprehensive Car Insurance
  2. Compulsory Third Party Insurance
  3. Third Party Property Only
  4. Fire & Theft Only

1

Image Courtesy: save.ca/community/how-to-save-on-car-insurance-for-life/

Comprehensive Insurance

Comprehensive insurance covers repair or replacement of your car in situations including theft, malicious damage, collision and damages caused by weather conditions. It can also cover damage caused to other vehicles by your vehicle.

This type of insurance is normally chosen for cars in good condition. Providers from whom you invite comprehensive car insurance quotes can refuse to provide the coverage if your vehicle is in poor condition and have problems like rust etc.

Compulsory Third Party

Compulsory third party insurance protects you if you get injured while driving your vehicle. It is compulsory and is legalized by each state as well as territory. If you don’t have this insurance and are driving your car, it’s considered to be illegal. You can learn about how to get this insurance by visiting the vehicle registration office in your State.

Third Party Property Only

Third party properly only insurance covers the damage caused to others’ car or property by your car. But it doesn’t cover the damage caused to your car. This type of insurance is bought usually by those whose vehicle is relatively low value, basically to protect themselves from having to pay for the damage to others’ more valuable cars or property by their cars.

2

Image Courtesy: lifeinlongbeachcalifornia.com/2014/07/12/auto-insurance-coverage-and-deductible-faq/

Fire and Theft Only

Fire and theft only is a limited type of insurance cover for repair or replacement of your car in the case if it is damaged by fire or is stolen. It doesn’t cover any damage if you are caught in an accident.

There are some other terms to consider while choosing a car insurance policy.

UME – Uninsured Motorist Extension

This extension is offered by some third party providers of fire and theft insurance and third party property insurance. It is meant to cover damage to your car up to a set amount (normally $3,000 to $5,000) if your car is damaged by an uninsured car, as long as you are not at fault as considered by the insurer and you are able to provide the name and address of the uninsured drivers.

The Excess Payment

The excess payment is the amount that you will have to contribute if you submit a claim. Some insurance policies also offer an age excess where an extra amount is contributed, based on the age of the driver. The excess amount you have to pay is mentioned in your policy documents.

No Claim Bonus

If you haven’t yet claimed against your insurance policy, your provider may consider you as lower risk and so, may lessen your premium amount in recognition. The size of the ‘no claim bonus’ may vary from company to company. If you change your insurance company, the new provider may ask you about your claims record from your earlier provider to get a help to calculate the new amount of premium.

Things to Consider while Buying Insurance

You should consider some important things while buying insurance and ask your provider about them if you are not sure. They are:

  • Is my vehicle insured for an Agreed Value or Market Value?
  • Agreed Value: This is the value where the insurance provider and the vehicle owner agree on the vehicle’s value at the time of insuring.
  • Market Value: This is where the insurance provider determines your vehicle’s value, normally considering its condition at the time of insuring, its age and some other factors.
  • Will it affect my no claim bonus if I am at fault in an accident?
  • What should I do to lessen my premiums?
  • Can I select my own repairer or the company will choose one for me? Are the repairs assured?
  • Will I need to pay my excess if I declare another driver responsible for the damage or loss?

Consider Swann extended warranty to get full benefits of car insurance. And look out for an insurance coverage where you will be maximum benefited.

3

Image Courtesy: save.ca/community/tips-for-cheaper-car-insurance/

Also, you need to ensure that you are always driving safely because otherwise if you are acting stupidly, this could lead to being involved in a hit and run, according to the Vehicle Code 20002 – hit and run which is worth reading up on.

TAGGED WIDTH auto, bikes, driving tips, lifeontheroad, motorcycles, roadlife

Previous post
How to Take Care of Senior Drivers
Next post
What are the best and worst days of the year for driving?

Recent Posts

  • Does CBD Oil Help Relieve Acid Reflux
  • Do CBD Gummies Work? The Truth About Edibles – According to Psychologist Anastasia Filipenko
  • How to Rent a Car with Discount Code and Save Money?
  • Things to Know Before Getting a High-Output Alternator
  • Reasons to Do a DIY Car Stereo Installation

Categories

  • Aston Martin (1)
  • Audi (4)
  • Bikes and Cycles (6)
  • Car Buying (35)
  • Cars (106)
  • Convertible (1)
  • Driving Guides (19)
  • Entertainment Only (4)
  • Featured (25)
  • First Drive (1)
  • Ford (4)
  • Future Cars (4)
  • Hyundai (1)
  • In Car Stuff (8)
  • Injury (4)
  • Lamborghini (1)
  • Mercedes (1)
  • mini (1)
  • Motor Sport (1)
  • New Cars (5)
  • Reviews (9)
  • Toyota (3)
  • Truck Buyers (2)
  • Volkswagen (6)

OUR VALUED SPONSORS

SPONSORED LINKS

Special Offers : Save on quality tires with these manufacturer's promotions available from Tire Rack.

LOOKING FOR SOMETHING?

POPULAR PORSCHE POSTS

Does CBD Oil Help Relieve Acid Reflux

Do CBD Gummies Work? The Truth About Edibles – According to Psychologist Anastasia Filipenko

How to Rent a Car with Discount Code and Save Money?

Things to Know Before Getting a High-Output Alternator

Reasons to Do a DIY Car Stereo Installation

3 Myths About Leasing a Vehicle Busted, How You Can Lease a Toyota Today

Find us on Facebook

  • November 2022
  • May 2022
  • February 2022
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • January 2015
  • November 2014

Some Reader Favorites

Does CBD Oil Help Relieve Acid Reflux

Do CBD Gummies Work? The Truth About Edibles – According to Psychologist Anastasia Filipenko

How to Rent a Car with Discount Code and Save Money?

Things to Know Before Getting a High-Output Alternator

Reasons to Do a DIY Car Stereo Installation

Latest Tweets

  • Noisli - background noise and color generator for working and relaxing http://t.co/1YU7uPET9Z @noisliover a year ago
  • How to Build a Mobile App That Empowers Your Brand http://t.co/CyZtYDgjl4over a year ago
  • Я смотрю трансляцию NASAtelevision в прямом эфире на @Ustream! Присоединяйтесь http://t.co/SPe2NL4tbp !over a year ago

Looking For Something?

STAY CONNECTED WITH FLATSIXES

Back to top

Copyright © Flatsixes.com 2015 · All Rights Reserved

Facebook
fb-share-icon
Twitter
Tweet