Looking for the right insurance coverage for your car in Australia? Whether you're a new car owner or simply looking to review your current coverage, the car insurance you may need for your vehicle will depend on a range of variables.
You can find out more about car insurance and what you might need right here with Savvy. Our handy guide outlines the types of insurance you can choose from in Australia and what they cover, as well as what the legal requirements are for coverage where you live, so find out the information you need to know with us today.
In Australia, there are several types of car insurance coverage options to suit different needs. The most common types include:
Which of these types of insurance is best for you will ultimately depend on a range of factors relating to your profile, such as the type of car you have and what you’re looking to get out of your insurance.
While the above types of car insurance aren’t legally required in Australia, compulsory third party (CTP) insurance is mandatory in all states and territories. Also known as a Green Slip in New South Wales and Motor Accident Injuries (MAI) insurance in the ACT, CTP insurance can cover liability for injury or death caused by your vehicle to others in an accident.
However, CTP insurance doesn’t cover property damage or damage to your own vehicle. Because of this, you may elect to take out one of these non-compulsory insurance types to expand your overall coverage. If you choose to do so, you can compare a range of policy offers through Savvy’s free online comparison service.
Choosing the right car insurance policy depends on various factors, including your individual needs, budget, and the level of coverage you require. Here are some tips to help you decide:
Remember, every individual's insurance needs are unique, so it's essential to carefully consider your circumstances before making a decision.
If you use your car for work purposes in Australia, you may need additional insurance coverage beyond personal car insurance. The type of insurance you need will depend on the nature of your work:
It's important to review your insurance policy and consult with your insurance provider to ensure you have the appropriate coverage for using your car for work-related activities.
The cost of car insurance in Australia can vary depending on several variables. Some common factors that can affect the cost of car insurance include:
To find the best insurance premium available for your circumstances, it's crucial to compare quotes from multiple insurance providers and consider the coverage and benefits offered.
Select your car make and find out how much it may cost to insure, read helpful guides and receive instant quotes from our partnered insurers.
Savvy (ABN 78 660 493 194, ACR 541 339) provides readers with a variety of car insurance policies to compare. Savvy earns a commission from our partnered insurers each time a customer buys a car insurance policy via our website. All purchases are conducted via our partners’ websites. The integrity of our comparison service is unaffected by our partnerships with those businesses and our effort remains to bring further brands that do not already use our comparison service onboard.
Savvy’s comparison service includes selected products from a panel of trusted insurers and does not compare all products in the market. Any advice presented above or on other pages is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an insurance policy. We always recommend readers to consult the Product Disclosure Statement (PDS) of different policies before purchasing your car insurance.