Compare car insurance policies with Compare the Market
Savvy is partnered with Compare the Market to help you compare a range of car insurance policies from a panel of trusted providers.
Learn the differences between third party and comprehensive car insurance and how to choose the best policy for you in Savvy’s useful guide.
Fact checked
Car insurance is essential to protect your and your vehicle when on the road. In Australia, there are two main types of optional car insurance available: third party and comprehensive. Each offers distinct coverage and benefits, and understanding their differences can help you make an informed decision that suits your needs and budget.
In this informative guide, Savvy takes you through the different types of car insurance, weighing up their pros and cons to help you find insurance cover to suit your needs.
Third party car insurance is the most basic form of car insurance. In Australia, there are two tiers of third party cover: third party property damage (TPPD) and third party fire and theft (TPFT). TPPD provides cover for damage you cause to another person’s vehicle or property with your car, while TPFT also covers damage to your own car through fire or theft.
Pros:
Cons:
Comprehensive car insurance provides a more extensive level of coverage compared to third party insurance. It not only covers damage to other people’s property but also protects your vehicle against accidents, theft, fire and other insured events.
Pros:
Cons:
Whether to choose third party or comprehensive car insurance depends on various factors, including your budget, the value of your car and your risk tolerance.
Reasons to choose third party car insurance include:
Reasons to choose comprehensive car insurance include:
Ultimately, you should take into account your unique circumstances to make an informed choice that best suits your priorities and needs and offers you peace of mind when behind the wheel.
Select your car make and find out how much it may cost to insure, read helpful guides and compare quotes.
Disclaimer:
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.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.