car insurance in OZ?
Jan 16th 2009, 11:10 am
#1
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Location: Runaway Bay, Gold coast, QLD
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car insurance in OZ?
hi i was wondering if car insurance in oz is as expensive as insurance in uk? thanks in advance
Jan 16th 2009, 12:36 pm
#3
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Re: car insurance in OZ?
Jan 16th 2009, 12:45 pm
#4
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Re: car insurance in OZ?
Also Grayling is right, concentrate on your visa and things like car insurance etc will follow on naturally.
Have a read of Hutch's post here
http://britishexpats.com/forum/showthread.php?t=345774
Jan 16th 2009, 1:22 pm
#5
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Re: car insurance in OZ?
www.ratecity.com
To the whingers I would say that the search function on this site does not really work very well and therefore it is often more useful to start a new thread.
Oh and btw I hated Australia so I wouldn't bother.
Jan 16th 2009, 1:29 pm
#6
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Location: Brisbane
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Re: car insurance in OZ?
Try this site - its a very good way of doing comparisons on the costs of financial things (e.g. insurance, mortgages etc.)
www.ratecity.com
To the whingers I would say that the search function on this site does not really work very well and therefore it is often more useful to start a new thread.
Oh and btw I hated Australia so I wouldn't bother.
www.ratecity.com
To the whingers I would say that the search function on this site does not really work very well and therefore it is often more useful to start a new thread.
Oh and btw I hated Australia so I wouldn't bother.
Jan 17th 2009, 6:27 am
#7
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Re: car insurance in OZ?
Here you pay for two separate insurance policies:
Car Insurance in Australia
Compulsory Third Party- CTP is a compulsory insurance to cover Injury to Third Parties, that must be taken out when registering a motor vehicle.
It covers the owner or driver of the motor vehicle in the event of an accident against any legal liability or obligation that they may have to anyone that they injure, it only covers personal injury, it DOES NOT cover damage to other property, cars etc
and then either "Third party/Fire and Theft" or "Fully Comp"
No Claims Discount
Many Insurers will accept your word that you have proof of No Claims Discount from the UK, but in the event of an accident, it is highly likely that they will want to see the proof prior to paying out the claim.
My advise is to send a copy of it to the Insurer, so they have it on file.
There is no discount allowed on the CTP cover.
It covers the owner or driver of the motor vehicle in the event of an accident against any legal liability or obligation that they may have to anyone that they injure, it only covers personal injury, it DOES NOT cover damage to other property, cars etc
and then either "Third party/Fire and Theft" or "Fully Comp"
No Claims Discount
Many Insurers will accept your word that you have proof of No Claims Discount from the UK, but in the event of an accident, it is highly likely that they will want to see the proof prior to paying out the claim.
My advise is to send a copy of it to the Insurer, so they have it on file.
There is no discount allowed on the CTP cover.
$308 CTP
$480 Fully Comp, max NCD, 40+ drivers (3 ltr, 6 cylinder car, 2000 reg, $12,000 value)
Total $788 for Insurance
When checking the Car Registration costs, some people quote the CTP insurance in with that aswell, as it is sometimes paid at the same time.
eg: My car Rego was $666.35, but $299 of that was CTP , therefore the actual registration cost was only $367.35.
Jan 17th 2009, 6:41 am
#8
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Re: car insurance in OZ?
If you want to take out further insurance (like a comprehensive insurance), then you can ... not sure what the costings are, but if you have no claims bonus then you need to bring that letter along with you as part of your documents to take to Oz... they will want to see it
Em x
Jan 17th 2009, 7:15 am
#9
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Re: car insurance in OZ?
I would just like to emphasise the following
The Compulsory Third Party insurance ONLY covers PERSONAL INJURY, it DOES NOT cover damage to other property, Cars, Fences etc.
If you only have CTP cover and smash into someone elses Mercedes, then YOU have a problem.
Too many times have people thought that Third Party Cover was the same as in the UK
The Compulsory Third Party insurance ONLY covers PERSONAL INJURY, it DOES NOT cover damage to other property, Cars, Fences etc.
If you only have CTP cover and smash into someone elses Mercedes, then YOU have a problem.
Too many times have people thought that Third Party Cover was the same as in the UK
Jan 17th 2009, 7:57 am
#10
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Joined: Jun 2007
Posts: 3,821
Re: car insurance in OZ?
I would just like to emphasise the following
The Compulsory Third Party insurance ONLY covers PERSONAL INJURY, it DOES NOT cover damage to other property, Cars, Fences etc.
If you only have CTP cover and smash into someone elses Mercedes, then YOU have a problem.
Too many times have people thought that Third Party Cover was the same as in the UK
The Compulsory Third Party insurance ONLY covers PERSONAL INJURY, it DOES NOT cover damage to other property, Cars, Fences etc.
If you only have CTP cover and smash into someone elses Mercedes, then YOU have a problem.
Too many times have people thought that Third Party Cover was the same as in the UK
Em x
Jan 17th 2009, 8:26 am
#11
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Location: Mornington
Posts: 1,650
Re: car insurance in OZ?
Be very very careful what insurance company you pick, it is like anything in life you get what you pay for.
I know what I am talking about as I have been an insurance assessor for the last 15 years.
PM me if you have any queries.
John
I know what I am talking about as I have been an insurance assessor for the last 15 years.
PM me if you have any queries.
John
Jan 17th 2009, 8:49 am
#12
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Re: car insurance in OZ?
It's probably best if everyone sees the questions and answers.
For CTP in QLD, these are the insurers and current prices for private cars
December 2008 to 30 March 2009
QBE: $ 304.00
NRMA Insurance: $ 305.00
AAMI: $ 308.00
SUNCORP: $ 308.00
RACQ Insurance: $ 308.00
ALLIANZ: $ 305.00
For CTP in QLD, these are the insurers and current prices for private cars
December 2008 to 30 March 2009
QBE: $ 304.00
NRMA Insurance: $ 305.00
AAMI: $ 308.00
SUNCORP: $ 308.00
RACQ Insurance: $ 308.00
ALLIANZ: $ 305.00
Jan 17th 2009, 9:49 am
#14
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Location: Adelaide
Posts: 3,162
Re: car insurance in OZ?
Yep, questions like this can help people decide if they want to/ can afford to move to Oz. No point sorting out a visa if he would be wasting his money!