If you have a classic car, you’re going to want to protect that car. A classic or vintage car needs to have insurance that meets its value. It doesn’t matter if you’ve rebuilt the car, restored it, or purchased it from someone else, you will want to protect your investment. When it comes to classic [...]
Have you ever stopped to consider whether your current insurance policy will definitely cover the full costs if you need to make a claim? True underinsurance occurs where you have assets worth $10,000 insured at $8,000 and, for a partial loss, the insurer would only pay 80% of the loss. In the case of motor [...]
Whether intentional or not, deceit is never viewed in a positive light. Insurers reserve the right to raise your rates if any amount of information is found to be dishonest. Purely based upon this fact, it’s a wise idea to double-check all details that you disclose to your insurer. It’s also important to review the [...]
Many factors can affect the cost of your car insurance premiums, including how much you use your car as this goes a long way towards determining how much of an insurance risk you are deemed to be. Why It Works Your insurance premiums are strongly affected by how risky you are to insure based on [...]
Third party vehicle insurance is mandatory in Australia but depending on your situation, it may be make more sense to opt for a short term car insurance policy in addition to your long term coverage. As the name suggests, this type of policy is more flexible than a ‘regular’ car insurance policy, but is it [...]
Insurance companies see drivers aged 25 and under as a much bigger risk to insure due to more limited experience behind the wheel and as a result, you can expect to pay higher insurance premiums if you’re in this age bracket. Why? As an inexperienced driver, you’ve had less of an opportunity to improve your [...]
Statistics show that first time drivers accrue more accidents and traffic violations than experienced drivers. This is precisely why first time drivers always pay a higher insurance rate than experienced drivers. While there’s very little a first time driver can do about obtaining a rate that is comparable to an experienced driver’s rate, it is [...]
Everyone knows how important car insurance is, but selecting the right policy can be confusing due to the jargon used in quotations. The term with which most people are familiar is “premium”, which is what you pay for car insurance. However, this is not the only term you will encounter when comparing different car insurance [...]
Any way you slice it, luxury cars are expensive. Aside from the sticker price on that shiny new BMW or Porsche, luxury vehicles come with high insurance rates too. It’s rare to find a luxury car that your insurance company will rejoice over, so be prepared to pay the price. Why are luxury cars so [...]
Plenty of car insurance companies call Australia home. That means that you have a good selection of insurers to choose from. Rather than looking for an inexpensive policy, search for a policy that covers all of your needs. When comparing insurers, your coverage expectations are more important than cost alone. Coverage Considerations Before you can [...]
