Personal transport from the scene of the accident or incident.Towing costs in the event of a breakdown or accident.Legal liability for damage your car causes to other people’s property.Accidental and intentional damage to your car.While the standard features of policies vary, they typically include coverage (with limits and exclusions) for: However, the best way to do this is to read the Product Disclosure Statement (PDS) for any policy you are seriously considering purchasing. To make comparing insurance policies easier, most insurance companies will give you a list of the standard features of their insurance products on their website. It is important to understand what is and isn’t insured in your policy. Depending on your specific policy, comprehensive insurance will sometimes include 24/7 roadside assistance, this is covered up to the limits as defined in the insurers product disclosure statements.Ĭomprehensive Insurance policies: Understanding the basics In addition to providing cover for damage that your car causes to other people’s property, it also covers you for loss or damage to your vehicle. ComprehensiveĬomprehensive insurance is the best cover option overall. With some policies, like Youi’s, you may also be covered for damage caused by earthquakes. With this insurance, you have the same coverage as provided by Third Party Insurance and have the benefit of having your car insured against fire and theft. This type of insurance protects you against the cost of replacing or repairing other people’s cars or property damaged by your vehicle in the event of an accident. Here’s a quick breakdown of each: Third Party Property Only Of these, comprehensive insurance provides the most cover. When it comes to insuring against property damage, there are three different types of insurance: Third Party Property Only, Third Party Fire and Theft and Comprehensive. CTP insurance does not provide cover for any property. The thing to remember with this type of insurance is that it provides liability coverage for any injuries caused to other people by your vehicle in an accident in which you are at fault. Depending upon where you live, CTP insurance will either be included with your registration or be required to be purchased before registering your car. In Australia, it is a legal requirement that all motor vehicles have compulsory third party (CTP) insurance. Still, for anybody shopping for their first car insurance policy, it’s important that you understand the difference between comprehensive insurance and the other types of available car insurance. If you’ve owned a car before, this may seem obvious. To help you out, we’ve put together this quick guide of the key things to look for when comparing comprehensive car insurance quotes. Whether you choose to use an online comparison site or research the different providers yourself, having a little bit of knowledge of what to look for can make all the difference. Sadly, it’s often only when the worst happens and we need to make a claim that many of us stop and think about our insurance.Ĭomparing comprehensive car insurance quotes needn’t be at all difficult. It’s no surprise, then, that a lot of people simply allow their old policy to automatically renew each year without giving any thought as to whether they are getting the best deal - or even if the insurance they have still meets their needs. At the very least, it’s one we’d really rather not think too much about. Let’s be honest, for many of us comprehensive car insurance is just one of those products we know we need but still love to hate.
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