Best Value Comprehensive Car Insurance

Where you live can have a big impact on the price you pay for car insurance, with drivers in some capital cities paying hundreds of dollars more for comprehensive car insurance premiums on average than others.

 

But no matter where you live, if you do your research, you can ensure that you are getting the best value comprehensive car insurance on the market, and you might even save yourself $1,000 in the process.

 

What does it cover?

Comprehensive car insurance is a common cover for motorists, which in the case of an accident, are covered for damage caused by their own car to other's property.

 

Under your comprehensive car insurance policy, your car will also be covered for repairs up to the value it has been insured for.

 

How to get the best deal

In order to get the best value comprehensive car insurance for your situation, it may be a good idea to compare quotes from a range of providers online.

 

Car insurance policies may vary dramatically on price depending on how you use your vehicle – for instance more on weekends than weekdays – or if your car is a hobby or classic car.

 

Other factors that come into play include:

  • Where you park the car at night – in a garage or on a busy street
  • Your age
  • How frequently you drive
  • Or the number of accidents you've been involved in

Of course your postcode can play a large role in the premium you pay too.

 

In fact, in early 2011, RateCity's Bi-annual Comprehensive Car Insurance Comparison revealed that Sydney drivers were paying the highest premiums nationally on average.

 

But by seeking out some of the best value comprehensive car insurance policies, some Sydney drivers were switching car insurance companies and saving as much as $1,000 in the upfront fee.

 

So clearly it pays to shop around before you insure your car.

 

Just remember to always read the car insurance provider's Product Disclosure Statement before signing up, to ensure your new policy offers an adequate level of cover for your situation.

 

Click here to compare car insurance quotes.

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Learn more about car insurance

Does insurance cover a stolen car if keys were in the car?

A car insurance policy that covers the theft of your car, such as third party fire and theft insurance, usually covers a stolen car, even if the keys were in the car’s ignition.

However, your insurer may deny the claim if you live in an area where there have been several car robberies reported recently. They will see you leaving the keys in the car as a case of negligence. In such cases, your insurance provider may even expect you to have installed anti-theft security measures in your car. 

You may need to confirm whether or not you left your keys in your car, and if they had been stolen or misplaced, before filing your car insurance claim. The loss or theft of your car keys may be covered by a comprehensive car insurance policy, but usually as an optional item.

If you can confirm that your car keys were stolen, mention this in your claim as this will help establish that your car was not stolen as a result of your negligence.

Can you insure your car for 6 months?

Most Australian insurers won’t offer you a 6-month car insurance policy, so you may need to buy a policy that covers your car for damages and cancel it after six months. You will need to purchase comprehensive car insurance to protect your car from accidental damage, theft, vandalism, or natural disasters.. 

Consider checking whether your 6-month comprehensive car insurance will cost more if you pay monthly or six-monthly premiums instead of a one-time annual premium. Another question to ask the insurer is whether you’ll need to pay administration or cancellation fees when you cancel the policy.

Alternatively, you can look for a suitable ‘pay as you drive’ car insurance policy, which usually offers you the coverage of a comprehensive car insurance policy but only requires you to pay for the distance driven. Such a policy may not be the ideal 6-month car insurance plan as it is based on how much you drive rather than for how long. If you need to drive a lot, you may end up paying more than you’d pay for regular car insurance.