Low Cost Car Insurance

Low Cost Car Insurance

Ever wondered why your car insurance premium increases, even though you are yet to make a claim? By covering risky drivers with insurance premiums insurance companies are spending revenue and this lost expense is reflected in your high premium.

When searching for low cost car insurance ensure you are able to choose from a range of options and features so you can shape your car insurance policy to suit yourself and make the most of your savings.

To make sure you can get a great deal and a low cost car insurance policy when shopping for a new car, compare insurance rates at RateCity.com.au before making your purchase. Compare policies and features and find out how much you could save by conducting a quick, no obligation quote online. Insurance premiums can differ by several hundred dollars between different insurers according to your motor vehicles make and model. Some vehicles are considered hazardous, insecure or unreliable while others are black-marked as higher risks to burglary. So it may come as a surprise that all of these factors as well as your age, gender and street address are taken into consideration when calculating your insurance premium.

There is an abundance of low cost car insurance premiums available on the Australian market. Look out for additional features and discounts such as:

  • No claim bonus
  • Variable excess function
  • Roadside Assistance Available
  • 24 hour help lines
  • Pay monthly at no extra cost
  • Excess fees
  • Rental car fees

With Budget Direct’s variable excess function you can vary the amount of excess you pay in the event of a car insurance claim to reduce your insurance premium. At the end of their online quote use the Policy Excess drop down box to vary your excess level to reduce or raise your premium.

Did you find this helpful? Why not share this article?



Money Health Newsletter

Subscribe for news, tips and expert opinions to help you make smarter financial decisions

By signing up, you agree to the ratecity.com.au Privacy & Cookies Policy and Terms of Use, Disclaimer & Privacy Policy


Learn more about car insurance

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. 

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.