Car Insurance, how does it work in Oz??
Jun 13th 2005, 9:04 am
#1
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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
Can anyone give me any info on this??
Thanks!
Grant
Jun 13th 2005, 9:28 am
#2
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Re: Car Insurance, how does it work in Oz??
Originally Posted by GrantP
...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
Can anyone give me any info on this??
Thanks!
Grant
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.
Jun 13th 2005, 9:33 am
#3
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Re: Car Insurance, how does it work in Oz??
Originally Posted by walla1
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.
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.
That does sounds pretty handy!!
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
Jun 13th 2005, 9:36 am
#4
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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.
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.
Jun 13th 2005, 9:37 am
#5
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Re: Car Insurance, how does it work in Oz??
Originally Posted by GrantP
Are there any car insurance websites that offer online quotes???
Jun 13th 2005, 9:37 am
#6
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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??
Jun 13th 2005, 9:41 am
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Re: Car Insurance, how does it work in Oz??
Originally Posted by ABCDiamond
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.
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.
Jun 13th 2005, 10:03 am
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Re: Car Insurance, how does it work in Oz??
Originally Posted by GrantP
....also, I'll have to use the car for business too, so how will this effect my insurance??
Jun 13th 2005, 10:04 am
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Re: Car Insurance, how does it work in Oz??
Originally Posted by GrantP
...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??
Jun 13th 2005, 10:34 am
#10
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Re: Car Insurance, how does it work in Oz??
Originally Posted by walla1
yes it does cover the third party car but not your own...
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:
Does CTP insurance cover damage to property or other vehicles?
No. CTP insurance only covers personal injury to another party where a legal liability can be established.
No. CTP insurance only covers personal injury to another party where a legal liability can be established.
Jun 13th 2005, 10:40 am
#11
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Re: Car Insurance, how does it work in Oz??
Originally Posted by ABCDiamond
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:
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:
thanks for the correction ABC
Jun 13th 2005, 11:04 am
#12
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Re: Car Insurance, how does it work in Oz??
Originally Posted by ABCDiamond
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:
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:
Jun 13th 2005, 11:14 am
#14
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Re: Car Insurance, how does it work in Oz??
Originally Posted by GrantP
Like I said, surely this should be renamed 'Legal Cover' as this describes it better!!!???
Enough confusion to us Brits with the "Third Party" name similarity bit
Although, being "Compulsory Third Party", it is legally required
Jun 13th 2005, 11:59 am
#15
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Re: Car Insurance, how does it work in Oz??
Originally Posted by PommieLeague
Diane