Comprehensive Car Insurance Policy
Posted on 17. Apr, 2009 by admin in Car Insurance
Protection at Its Best-Purchase Comprehensive Insurance and Drive Easy
Hitting the roads can be hazardous to your health and pocketbook if you don’t have adequate car insurance. Protecting yourself, your vehicle, and your car from harm and damage is serious business and shouldn’t be taken lightly. Purchasing car insurance doesn’t have to leave you penniless. Cheap car insurance is available no matter what level of coverage you are looking for.
When you’re shopping for auto insurance, remember to consider:
- the age of your vehicle
- the amount of time you spend on the roads (the more time you spend on the road, the more likely you are to be in an accident)
- the location of your home and job
- and the cost you would likely incur if you were in an accident
There are three options for car insurance that are available to you in addition to the compulsory third party insurance:
- Third party property damage insurance
- Third party fire and theft insurance
- comprehensive car insurance
Compulsory third party insurance, which is also referred to as ‘green slip insurance’ in some areas of Australia, provides protection to vehicle owners and drivers that are legally liable for personal injury to any party in the event of a personal injury claims is made against them by other users of the road. It does not cover any property damage.
Third party property damage insurance
Compulsory third party insurance does not cover property damage done by your car, which is why having third party property damage insurance is recommended. Third party property damage insurance protects you against any damage claims that your car would cause to another’s vehicle or property.
Third party fire and theft insurance
Protection against fire, theft, and attempted theft is only provided by third party fire and theft insurance, and only covers your vehicle. This insurance should be highly considered if you have an older car or live or work in area that is considered high risk.
Why comprehensive car insurance is best
While you have to purchase compulsory third party insurance, it does not cover property damage, which means that you’ll need third party property damage and third party fire and theft insurance to be fully covered. Comprehensive car insurance includes:
- The same protection that third party property damage does
- The same protection that third party fire and theft insurance does
- Storm damage from hail, flying debris, etc
- Accidental damage
In your search for the cheapest car insurance choose a comprehensive insurance plan that will provide you with the best and most affordable coverage for your vehicle.