Car insurance helps protect you financially if your vehicle is involved in an accident or unexpected event. Whether it’s a collision, theft, or weather damage, the right policy can save you from significant out-of-pocket costs.
In Australia, car insurance is generally divided into three key types: Comprehensive, Third Party, and Compulsory Third Party (CTP) insurance.
This is the highest level of cover available. It protects your vehicle against loss or damage caused by accidents, fire, theft, vandalism, and extreme weather events. It also covers damage your car causes to other people’s vehicles or property.
Comprehensive cover may include:
This option covers damage your car causes to someone else’s property, while also protecting your vehicle against loss from fire or theft.
Coverage typically includes:
This is a basic level of cover that protects you if your car damages another person’s vehicle or property. It does not cover damage to your own car.
Coverage includes:
Damage to other people’s vehicles or property
Compulsory Third Party insurance, commonly known as a Green Slip in NSW, is mandatory and covers compensation costs if your vehicle causes injury or death to other people in a road accident.
This can include claims from:
