Tips to save on car insurance
Choose a higher excess
Your excess is the amount you pay towards a claim. Most insurers let you choose from a range of excesses. The higher the excess, the cheaper your premiums will be.
Apply a driver restriction
Some insurers let you add restrictions to who is covered under your policy. For example, Budget Direct let you restrict your policy to drivers over a certain age: 21+, 25+, 30+, 40+, 50+. In return, your premiums will be cheaper.
Drive less, pay less
Insurers including KOBA, Budget Direct and Youi reward you with cheaper premiums the less you drive.
3 reasons why you should compare car insurance
It's the law
Compulsory Third Party (CTP) insurance is a legal requirement in Australia. At the very minimum, you need to get this. It protects you from legal and medical costs if you injury or kill someone in a car accident.
To protect yourself from expensive bills
Even if you own a cheap car, there's a chance you could hit something expensive. Third party car insurance can cover you if you damage someone else's car or property. It's generally cheaper than comprehensive car insurance too.
To protect your own car
Comprehensive car insurance is the only type of cover to protect your own car as well as damage to other people, vehicles and property. It doesn't just cover accidents either; it can cover costs caused by fire, storms, hail damage and theft.