Comprehensive car insurance - Don’t leave home without it - Some things you should never leave home without and this includes car insurance. Whether you live in the outback, or along the Gold Coast if you drive the roads of Australia then you need insurance. It’s the law. Car insurance can’t prevent accidents from happening, but is provided by insurers to protect drivers, passengers, and property alike from injury and financial devastation. Like so many other things, insurance isn’t one size fits all, so it’s important to know what your car insurance options are and what will work best for you.
What does comprehensive insurance protect me from?
Purchasing comprehensive car insurance takes some of the confusion out of choosing which coverage plan is best. With comprehensive coverage you are guaranteed protection against almost all loss or damage to your vehicle and others vehicles due to collision, fire or theft, and Mother Nature.
If you own an expensive car or can’t afford to replace your car out-of-pocket then you definitely should purchase comprehensive car insurance. In addition, in some cases such as those where cars are new or still owned by a car lender, you will have to purchase a comprehensive insurance policy. Although comprehensive car insurance isn’t the cheapest form of auto insurance, it does provide the best coverage and affordable policies are available.
Comprehensive vs. CTP and Third Party Car Insurance
Although every car in Australia must have compulsory third party personal (CTP) insurance, it only covers drivers and owners for liability in regards to health and medical claims, and does not cover you for personal injury or any property damage or damage done to other vehicles. Third party property covers damage done to other vehicles in any accidents in which you were at fault, but does not cover damage done to your vehicle. So, it’s easy to see why comprehensive coverage is highly advisable.
Comprehensive coverage is the best of both worlds
Full comprehensive car insurance in Australia encompasses the benefits of both third party fire and theft and third party property damage, at a savings. Essentially, you get the best of both policies at a cheaper rate than purchasing both policies individually.
Every insurance company and policy is different, so it’s important to purchase the coverage you need first and any extras after that. Be sure to read any disclosures and accompanying literature regarding your policy. Also keep in mind that the more coverage you have the more expensive your policy will be, but you can still locate an affordable policy if you do some comparison shopping.
Owning comprehensive coverage not only provides the best car insurance coverage available, but can also provide you with much needed peace of mind, knowing you are covered in almost any situation.