In Australia, comprehensive auto insurance is one of the costliest types of vehicle insurance. And it is crucial to understand what cover it provides and what not in order to get the best deal. Auto insurance is a valuable assurance against loss of your vehicle against accident or theft. It compensates you for the monetary loss involved in such cases. The amount of the premiums that is paid by the customers depends upon the type of cover selected, the age of the driver and his/her driving history.
In Australia, there are primarily three kinds of auto insurance, which are more prevalent among car owners. These are Comprehensive Car Insurance, Third Party Property Insurance and the Green Slip Insurance or the Compulsory Third Party Insurance.
A Comprehensive Auto Insurance provides you the largest amount of cover. Hence, it is also the costliest among all types of auto insurance. This type of insurance provides comprehensive coverage for theft, accidental damage and fire, and it even offers the liability cover to meet any kind of damage expenses caused to other vehicles or property. A Comprehensive Auto Insurance is quite useful for new vehicle owners or for those having their vehicles in good condition. The reason for this is that most insurers do not provide complete cover for vehicles that are damaged with rust.
With a Comprehensive Auto Insurance, you need not take a third party component since it is already present in the comprehensive coverage. This auto insurance also covers the cost of replacement of a damaged car or the repairs cost. Owners of older cars, who have had a good record in driving, are more likely to choose low-cost Compulsory Third Party Insurance. But despite its higher cost, Comprehensive Car Insurance has far greater benefits over sole third party insurance. The June 1999 Australian Insurance Statistics claims that out of all the claims for car insurance in the country, approximately 90% are made in relation to collisions, which is reason enough to guide car owners to vouch for Comprehensive Auto Insurance. Even though theft claims are far lesser in proportion to collision claims, but they are far more expensive in nature. This fact is quite important for the consideration of those car owners who reside in areas with higher rates of vehicle thefts.
Different auto insurers place a number of charges and inclusions in their insurance policies, and it is only after one is able to compare the different insurance premiums that one would be able to save some amount of money. And for those who cannot or do not want to shop around much, there are some options to control the costs of their vehicle insurance. One could easily compare the rates and premiums online from the comfort of their home or office. You could also make large amount of savings by combining a number of insurance policies, which provide vehicle as well as home or other insurance covers. Some auto insurance companies also provide discounts for processing and paying the insurance charges and premiums through online mode. Since every auto insurance company has its own set of limitations and inclusions, you should always refer the policy document in order to verify what is covered and what is not.
If you are looking for a car insurance company in Australia to insure your car than go online to the allianz.com.au website today.
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