Compare Car Insurance
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When it comes to finding the right car insurance, comparing policies and prices is essential. However, with so many options available, doing so can be time-consuming and confusing. That's where online comparison tools come in.
Using a comparison service, you can compare live and instant car insurance quotes from multiple providers in one place, helping you find the most suitable coverage for your needs and budget available. Get started today and see how much you could save on your car insurance.
How do I compare car insurance policies in Australia?
There’s a wide range of car insurance features which are important to consider when comparing different policies to help you find the best one for your needs. Some of the key aspects to think about when comparing car insurance are:
- Cost of premiums: the amount you’ll pay for your insurance policy is one of the most crucial areas to compare. Comparing the cost of premiums across different insurance providers can help you determine which is the best deal for your needs in terms of price while still offering you suitable coverage.
- Coverage: it’s essential to compare the coverage offered by different insurance providers so you can be surer about what your policy covers. This can help you narrow down the most appropriate policy for your situation.
- Exclusions: just as important as knowing what’s covered under your policy is knowing what isn’t. It’s crucial to read the fine print and understand what’s excluded from your policy so you’re aware of any omissions from your coverage when you go to make a claim.
- Excess: a car insurance excess is the amount you’ll have to pay out of pocket before your insurance policy kicks in. It’s worth comparing the excesses charged by different insurance to help you find one which fits your needs and budget.
- Discounts and bonuses: insurance providers may offer discounts and bonuses that can help you save money on your premiums. For example, some may include a sign-up discount when you buy your policy, while many insurers offer a no-claim bonus which can reduce the cost of your insurance the longer you go without a claim.
- Optional extras: there are several additional features which may be able to be added to your policy for an extra cost, such as roadside assistance, rental car coverage and windscreen protection. It’s important to consider whether these optional extras are necessary for your needs and compare the cost of adding them to your policy across different insurance providers.
What factors can impact the cost of my car insurance?
The calculation for your health insurance premium isn’t necessarily a simple one, as there are many variables which are considered as part of this equation. The main factors which can impact your car insurance’s cost include:
- Age: younger drivers tend to have higher premiums due to their lack of experience on the road.
- Driving record: drivers with a history of accidents or traffic violations are considered higher risk and may have to pay more for insurance.
- Location: your insurance premiums can vary depending on where you live due to factors such as crime rates, the likelihood of accidents and weather events. Northern Queensland or the Northern Territory may have different costs compared to the southern parts of the country as a result.
- Type of vehicle: cars which are more expensive to repair or replace may have higher premiums than those which are more common or with replacement parts which are easily accessible and affordable.
- Coverage level: the more coverage you have, the higher your premium is likely to be. For instance, a comprehensive policy will be more expensive than a TPPD policy.
- Excess: choosing a higher excess can lower your premium, but it also means you'll have to pay more out of pocket if you need to make a claim.
- Payment frequency: paying your premium annually rather than monthly may result in a lower overall cost.
- Optional extras: if you’ve added multiple extras to your policy, this is likely to raise the cost of your insurance overall.
- Your time on the road: the more you drive, the greater the chances of an accident on the road (in theory) and the more you’ll likely have to pay for your insurance as a result.
Types of car insurance you can choose from
The most basic type of optional cover available, TPPD insurance can offer protection for damage caused by your vehicle to other people's property. However, no damage to your vehicle will be covered.
A step up from TPPD, TPFT insurance can also cover damage to your vehicle sustained due to a fire or theft (or attempted theft) in addition to third-party property damage if you're in an at-fault accident.
The most extensive (and expensive) form of cover, comprehensive car insurance can also offer cover for damage to your vehicle in an accident, collision and certain weather events on top of the areas TPFT covers.
Top tips for comparing and choosing the best car insurance
Shop around and compare policies
Take the time to compare policies from different providers and make sure you understand what each policy can offer you. This will help you find the right level of coverage for your needs at a competitive price.
Consider your individual needs
Think about what you need from your car insurance policy. If you have an expensive car or are on the road often, you may be looking for a comprehensive policy with additional features. It’s also important to think about your budget and what policy you can most comfortably afford.
Understand the policy's inclusions and exclusions
Make sure you read the policy carefully and understand what is included and excluded. Pay attention to the excess amount and any optional extras you may need to add on to secure the coverage you’re looking for. This will help you avoid any surprises if you need to make a claim in the future.
Think about where you live
Your living arrangements should factor into your thinking also. If you live in an area prone to extreme weather such as flooding, cyclones and storms, you may want coverage which includes protection for your vehicle. This may also be the case if your area has a higher crime rate, especially if you’re parking on the road.
Frequently asked questions about comparing car insurance
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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.