What’s the cheapest third party car insurance?

If you're looking for cheap third party car insurance, according to our research, Virgin offer some of the cheapest third party property damage car insurance. Remember, our research is based off a fictional profile and what's cheapest for you may differ.

What’s the best third party car insurance?

Our research shows that Budget Direct's third party property damage policy is one of the best value policies. This is because it is reasonably priced and can cover more than some other third party policies. However, keep in mind that what's best for you will depend on your personal circumstances. Always read the PDS and get a range of quotes.

What is not covered in third party property car insurance?

You will not be covered for damage to your own vehicle, only comprehensive policies cover this. You will also not be covered for damage by fire or theft, unless you have third party fire and theft insurance .

Does third party property damage policy cover windscreen damage?

Usually not. Most third party car insurance policies do not cover windscreen damage. This is usually clearly mentioned as an exclusion.

What impacts the price you pay?

When calculating your third party property damage insurance premiums, insurers consider questions like: How old are the people driving your car? Younger drivers are more inexperienced and also feature heavily in Australian road crash statistics, which means they cost more to insure. Are you a good driver? Drivers with a long, blemish-free driving record will obviously cost less to insure than those who have made claims in the past or who have multiple traffic infringements. Where do you keep your car at night? Areas with high theft and accident risks will generally result in higher insurance premiums for car owners. What type of car do you drive? Inexpensive, low powered cars are typically cheaper to cover than high powered, expensive vehicles. Any modifications and accessories fitted to your vehicle will also be taken into account. How much do you use your car? If your vehicle is used for business purposes, or more frequently than most, you may have to pay a higher premium. Alternatively, if you don't drive too often you can opt for a Pay As You Drive policy.

Will my third party insurance cover me when driving other cars?

No. Third party insurance is for your vehicle. Your car is insured to be driven by certain people as described in the insurance policy. You are not automatically covered by your usual third party insurance when driving other vehicles.

Does third party car insurance cover accidents?

If you hold third party property damage car insurance, then any car or property you damage in an accident is covered, your own vehicle is not.

Is third party property damage the same thing as compulsory third party?

No but it's easy to get them confused. Compulsory third party is mandatory in Australia. It protects you from legal and medical costs if you injure or kill someone in a car accident. Third party property damage, on the other hand, covers other people's property if you damage it with your car and are at fault.

What does excess mean?

The excess is the amount you're required to contribute towards the cost of your claim. As an example, if your excess is $250 and your claim is for $2,000, you will pay the first $250 of your claim and your insurer will cover the remaining $1,750. Insurers will charge a basic excess, which is the minimum you'll need to contribute when you make a claim, as well as a voluntary excess (in return for a lower premium) and an age excess (if your policy features a young or inexperienced driver). Depending on your insurance provider and your individual circumstances, other excesses may also apply to your cover.

What is an uninsured motorist extension?

An uninsured motorist extension (UME) is an optional extra available with some third party car insurance policies. It covers damage to your vehicle up to set limits (typically around $3,000–$5,000) in the event that it's damaged by an uninsured driver, that you were not at fault and that you can provide the uninsured driver's name and address.

Can I add roadside assistance to a third party policy?

This will depend on the provider. In many cases, roadside assistance is only an optional extra for comprehensive policies. However, it's worth noting that even if you can't add it as an option to your policy, you can just purchase a stand alone roadside assistance policy.

Can I add extra cover to a third party policy?

It depends what you're looking to add on. Windscreen cover can typically only be added to comprehensive policies but other features, like roadside assitance, can be added on or purchased seperately to your third party property damage car insurance policy.