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When taking out car insurance, you might be wondering if you are covered if your car or personal items are stolen – find out in Savvy's useful guide.
Fact checked
Car insurance in Australia comes in various forms, providing drivers with different levels of protection. It is crucial to understand the types of car insurance available and the extent of their coverage, especially when it comes to protecting against theft. This handy guide delves into the different types of car insurance policies in Australia and explores which ones safeguard against theft of your car and personal items.
In Australia, drivers have the option to choose from three types of optional car insurance, each providing different levels of coverage:
In Australia, two types of car insurance provide coverage if your car is stolen:
Comprehensive car insurance typically covers theft of personal items from your car. While certain TPFT insurance policies may include protection for items such as child seats and personal belongings inside the vehicle up to a certain amount, this depends on the insurance provider and is not generally offered as standard.
If you have comprehensive car insurance and your personal items and child seats are stolen from your locked vehicle, you will usually be covered for the stolen items up to a certain limit. You may also be covered for tools in the car and stolen keys. However, the exact items covered and the amount they are covered for may vary depending on the insurance provider and the policy terms, so it's essential to review the product disclosure statement (PDS) to understand the extent of coverage and any limitations.
Before you take out any policy, it is important to be aware of the coverage limits and any applicable excesses for personal belongings theft. If you frequently carry valuable items in your car, such as laptops, you may consider adding optional extras or increasing the coverage limit to ensure your personal belongings are adequately protected if stolen.
Disclaimer:
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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.
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