Score a bonus offer with your car insurer

Score a bonus offer with your car insurer

There are a lot of companies that offer a discount for purchasing car insurance online. However there are other companies that have started offering more. RateCity shows you some of the perks currently available.

August 6, 2010

Times are a-changing, so much so that even purchasing car insurance is no longer a dull experience. Gone are the days of buying your car insurance and then not thinking about it till you have an accident or you need to renew it. As new players from a range of sectors other than just insurance companies join the car insurance market, some are offering perks to entice customers to take up their product and service. Not only does this differentiate them from competitors but it also means that you as a customer get more for your buck! Here are some examples.

Coles Car Insurance
At the end of July the retail giant Coles expanded their business to offer car insurance nationwide. As part of their offering, customers who purchase Coles Car Insurance can triple their 4 cents per litre fuel voucher once a month for a year. In addition, if customers who take out comprehensive car insurance are involved in a car accident, their groceries in the car will be insured. You can also earn Flybuys points when you purchase a policy.

Virgin Money
Another new player in the market is Virgin Money. They are offering new customers who buy comprehensive cover online a free extra month of insurance cover, so they get 13 months for the price of 12. They are also offering their current Virgin mobile phone users a bonus $50 worth of mobile phone credit when they sign up for Virgin Car insurance.

AAMI
These guys have taken a different approach by offering their customers discount shopping. Their ‘always on sale’ section on their website offers customers up to 70 percent off select items each month. For example currently they are advertising a Wi-Fi Internet radio unit with an RRP of $199 for $171.

Budget Direct
Budget Direct is not shy with promoting a competitive edge and have included as part of their policy that you pay less with them or they will send you $50.

Real Insurance
These guys are offering money back to customers that take out comprehensive car insurance with them for three years in a row, at which point they will give you back 10 percent of all premiums you paid during that time if you don’t make a claim. They also will repeat this every three years.

As other car insurance companies join the market and more offers are being promoted, what does this mean for the future of car insurance? Will we start to see more perks become available to new customers? Let’s hope so! And in the mean time if you are in the market for comprehensive car insurance, compare car insurance quotes online to find a lower premium and perks to save you more.

 

 

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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.

Can I drive a new car without insurance?

It is illegal to drive a car in Australia without insurance. Most states require that you get your insurance in place before you drive the car off the dealership’s plot. So, the answer to whether driving a new car without insurance is no, it is not allowed.

The only time you can possibly legally drive an uninsured car is when you have to get the vehicle registered. You should drive straight to an inspection station or your state's vehicle registry. You must also make sure that you take the most direct or convenient route possible.

It is important to note that your compulsory third party insurance (CTP or green slip) isn’t valid until your car is registered.

Driving an unregistered or uninsured vehicle can have severe legal repercussions. If you are involved in an accident, and are driving an unregistered and uninsured vehicle, you will be personally liable to pay compensation to anyone hurt, as well as for damages. If you are caught driving a vehicle without insurance, you may be fined or even have your vehicle seized.