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Find out more about the process of buying car insurance and what to look for.
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Savvy Editorial TeamFact checked
Looking to buy car insurance in Australia? It's a smart move to protect your vehicle and yourself from unexpected expenses and liabilities, but with so many options available, finding the right car insurance isn’t always about picking the first one you come across. That's why it's important to know what to look for.
You can learn more here about the types of cover you can buy and which might be the most suitable option for you, how to compare them and, most importantly, how to complete your purchase.Â
In Australia, there are several types of car insurance policies available to suit different needs and preferences. These include:
It's important to carefully consider your needs, budget and the level of coverage you require when choosing the right car insurance policy for you. Comparing different options can help you make an informed decision on which offers the best possible insurance for your needs.
When considering car insurance offers, there are many ways you can go about comparing different deals side-by-side. Some of the key factors to bear in mind include the following:
By considering these comparison points when evaluating car insurance policies, you can make an informed decision and choose the best available fit for your budget and your coverage needs.
The process of buying car insurance online is simple. Just follow these three easy steps:
Complete your quote form
First, provide information about you and the cover you’re after. This will help generate quotes specific to you. Share details about your car, driving history, where you live and more to paint a picture of your profile.
Compare policies side-by-side
Once you’ve done this, you’ll be able to see the offers available from a range of insurers, tailored to your answers. Consider offers side-by-side based on their cost, coverage and more before you buy.
Choose your insurance and purchase it today
If you come across a policy you like, you can finalise the purchase. After you’ve bought it, your policy can come into effect as soon as today, so you can hit the road with new coverage!
Consider which type of policy is best for you between comprehensive, TPFT and TPPD based on your needs and budget. By selecting one, you can refine your search and compare apples with apples.
Think about how much coverage you may need, taking into account factors like the value of your car, your driving habits and potential risks. Consider whether agreed or market value is best for your car.
Assessing your budget can help you determine how much you can comfortably afford for premiums and any potential excess payments, which will help dictate which policy options are suitable in this area.
Consider offers side-by-side so you can explore different policies, coverage levels and pricing to help you make an informed decision on which is the best fit for your requirements.
Car insurance can provide much-needed financial protection against the cost of repairs to your car in the event of an accident, theft, or damage caused by natural disasters (depending on your policy’s terms and conditions).
Having car insurance can provide you and your family with greater peace of mind knowing that you can be protected financially against a wide range of events as outlined in your policy documents.
There’s no one-size-fits-all car insurance policy; you’ll be able to compare a wide range of offers from insurers across the country with different coverage levels and inclusions online.
Car insurance policies can also often offer additional coverage options, such as roadside assistance, rental car benefits and coverage for personal effects, providing you with added convenience and support.
Comprehensive car insurance, which covers the greatest number of claimable incidents, isn’t necessarily cheap, particularly if you pay top dollar for several years without any claims.
Car insurance doesn’t cover anything, meaning that there are inevitably going to be incidents or events which aren’t covered by even the highest-level comprehensive car insurance policies.
There are many factors can impact the cost of your car insurance when buying it, including:
If you need car insurance for your business, you can typically purchase either a business or commercial car insurance policy. Business car insurance is designed for vehicles which are used both for business and personal purposes, while commercial insurance is typically offered to specialist business vehicles such as trucks and vans which aren’t used privately. Check with your insurer to determine what they may offer and which option is more suited to your needs.
There isn’t a specific temporary car insurance product which you can buy for taking your car home from your dealership or private seller. Cover note insurance was available in Australia for those who had bought a vehicle but were yet to decide what type of insurance to buy but isn’t offered any more.
If you want to be covered for your drive home, you could buy a policy even if you haven’t settled on the best one for your needs and cancel it using its cooling-off period if you find another better one.
Whether you have a used or new car can impact your car insurance premium. Generally, new cars can have higher insurance premiums due to their higher value and potential repair costs. However, other factors like the make and model, safety features and security devices also influence the premium. Insurers consider various factors when calculating premiums, so it's best to compare quotes and speak with insurance providers to understand the specific impact on your premium.
Yes – there are many traditional car insurance brokers operating across Australia today who may be able to help you find a suitable car insurance policy. However, drivers in Australia can now purchase policies through online brokers, which allows them to do so from the comfort of their home and without the need to book any appointments or pay any service fees.
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.
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