A car insurance policy is must for Australian motorists. Depending on the level of coverage a motorist buys, auto insurance provides cover against financial loss or damages incurred through accidents, fire, theft, vandalism and, sometimes, adverse weather conditions. In general, the wider the area of coverage, the more a motorist has to pay. Introducing Compulsory [...]
First time buyers are likely to be quoted higher car insurance rates than drivers with established records – rates of up to 50% higher are not unheard of. Actuaries determine the risk for all possible population segments, and even though their assessment of first time buyers may not seem fair, you shouldn’t take things personally! [...]
A number of different factors affects your car insurance premiums. Some of these factors are fairly well known by most people, while others will come as somewhat of a shock. Some of these factors are: The numbers of miles you drive Your car’s engine size The brand of car your driving Your age and gender [...]
Drivers who are responsible are proud of their faultless driving records. If you are the type of person who drives carefully, and defensively, you are less likely to have been involved in a car accident. However, if you have noticed that your car insurance premium has recently increased, calling your insurance company would be the [...]
Compulsory Third Party Insurance (CTP) is commonly referred to as a greenslip. They are also called green slips, CTP, CTP Insurance, and greenslip insurance. Green slip covers compensation for when someone is injured or killed in an car accident. All cars registered in New South Wales must be covered by a greenslip. In fact, it [...]
The Car insurance industry is big business. And not understanding how car insurance premiums work could cost you money. A recent study found that Australians spent $3 billion more than they needed in insurance coverage. It’s time to learn more and pay less. Many factors impact the cost of your car insurance premium. Facts About [...]
