How To Find the Right Insurance Coverage for Your Car

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If you’re a driver in Australia, you probably have compulsory third-party insurance. While the green slip does protect you from financial liability during a car accident, it’s just a cog in the auto insurance ecosystem. Drivers may want to consider additional protection using comprehensive car insurance.

We’ll look at comprehensive coverage and evaluate the options to help you find the right insurance coverage for you and your vehicle.

Comprehensive Car Insurance

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The common additional coverage for drivers across Australia is comprehensive car insurance. These expanse car insurance policies are designed to help cover the cost of repairs to your vehicle, regardless of who’s at fault, in cases of:

  • Accidental damage
  • Malicious damage
  • Theft
  • Fire
  • Third-party damage

Insurance policies may have certain exclusions amongst their types of coverage, but a comprehensive insurance policy is usually the best protection to have in the event of a collision. If you’re involved in a collision, comprehensive insurance can help cover the cost of repairs to your car, as well as other cars involved. \

With accidental damage insurance, you can cover mishaps that impact your vehicle that isn’t related to another car. This is for things like scratching your door or hitting your mailbox as you back out of your driveway. Comprehensive car insurance coverage can also protect your vehicle in the event of weather damage, should fires, storms, hail, or other elements lead to the physical destruction of your car.

Third-Party Coverage

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With so many insurance companies offering varieties of car insurance coverage, you may sometimes look at tracks of your personal needs to cater to your vehicle, as well as those who may find themselves in your automobile. Third-party coverage can come in handy for two forms of protection: property and fire & theft.

Third-party property coverage covers the cost of damage to other people’s property. Generally, it does not cover damage to your own vehicle, whereas fire and theft insurance additionally protects your vehicle in the event it is stolen or catches fire.

While it may be the more affordable option in addition to green slip, it is important to understand what this covers under the terms and conditions of your insurance company. Many car insurers may offer additional benefits along with that third-party fire and theft policy, including any towing costs brought on by your wreck, as well as damage to your car caused by an uninsured driver. Some insurers may also cover emergency accommodation costs, as well as coverage for the contents of your automobile.

Available Extras

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With some insurance companies, additional services will raise your monthly auto insurance premium by varying amounts. These extras can include windscreen and window glass coverage, an add-on that allows you to repair or replace glass on your vehicle once a year without paying an excess or for a reduced excess.

Some extras can impact the amount of coverage in the event of a traffic collision. Roadside assistance in the event of a wreck can help you with things like towing, lost keys, and dead batteries. Some comprehensive coverage may actually take care of this, so be sure to check your terms and conditions of your insurance policy to see if this coverage is accounted for. If you are without your car during an insurance claim, your policy might cover a hire car, so you still get around while that vehicle is undergoing the necessary repairs.

As a leaseholder or new car owner, it is important to evaluate all of your options and consider your average cost per month. Consider your needs, as well as what an insurance provider can offer you that another insurer might. Do the research and then get ready to hit the road.

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