Car Insurance, how does it work in Oz??
 

...I've been told that 3rd party insurance is included in the rego, and that for further cover you have to take out a policy??

Can anyone give me any info on this??

Thanks!
Grant

Re: Car Insurance, how does it work in Oz??
 

yes to both :)

most of the fully comp car insurances allow any driver over the age of 25 to drive the motor, unnamed, very handy when you have people visiting from the UK.

we've found the insurance much cheaper too.

Nice.

Re: Car Insurance, how does it work in Oz??
 

Hi Walla!

That does sounds pretty handy!! :D

Do they class the cars into groups as in the UK?? The reason I ask is that I'm wondering if insuring an Impreza WRX will cost me a small fortune???

Are there any car insurance websites that offer online quotes???

Cheers!
Grant

Re: Car Insurance, how does it work in Oz??
 

The 3rd party cover being referred to, as being included in the rego, is the CTP.

Compulsory Third Party (CTP) Insurance is the only form of insurance that is compulsory.

It is paid each year along with the vehicle registration fee.
CTP protects you against any claims that could arise because of death or injury to other people caused by the negligence of anyone driving your car.
It does NOT cover the driver of your car or damage to vehicles or property.

See this link for CTP FAQ in QLD

You may need further cover, if you want to be really covered in case you hit anyone elses car etc.

eg: Third Party Property Insurance covers you against damage you may cause to other cars and property. This insurance doesn't give you any protection for your car. However, it is recommended that you have this level of insurance as a minimum - without this insurance, damage caused to an expensive vehicle by you in an accident could be costly.

Re: Car Insurance, how does it work in Oz??
 

Quite a few do. Here is one http://www.aami.com.au/

Re: Car Insurance, how does it work in Oz??
 

....also, I'll have to use the car for business too, so how will this effect my insurance??

Re: Car Insurance, how does it work in Oz??
 

...so the insurance with the rego doesn't cover damage to the 3rd party's car?? Sounds more like legal cover if this is the case??

Re: Car Insurance, how does it work in Oz??
 

yes..

Re: Car Insurance, how does it work in Oz??
 

yes it does cover the third party car but not your own...

Re: Car Insurance, how does it work in Oz??
 

No, if we are talking about the CTP provided with the Registration, it does NOT cover the other car. That is a common misconception, based on the UK thinking on third party insurance.

The CTP Insurance only covers against any claims that could arise because of death or injury.

A quote from the FAQ link I gave earlier:

Re: Car Insurance, how does it work in Oz??
 

wrong again :o

thanks for the correction ABC :)

Re: Car Insurance, how does it work in Oz??
 

Like I said, surely this should be renamed 'Legal Cover' as this describes it better!!!???

Re: Car Insurance, how does it work in Oz??
 

I find these are both the cheapest and best

www.budgetdirect.com.au

Re: Car Insurance, how does it work in Oz??
 

That would then be confused with the "Legal Cover" that is available to cover legals fees etc.

Enough confusion to us Brits with the "Third Party" name similarity bit :D

Although, being "Compulsory Third Party", it is legally required :)

Re: Car Insurance, how does it work in Oz??
 

I agree - I rang them and saved $200 on my SGIO quote. I will be using them for everything from now on.

Diane