Motor Vehicle Insurance
More than half of Australian drivers (58%) narrowly avoid a car crash at least once a month, while 18% of drivers said they experienced close calls on a weekly basis.
What is Motor Insurance?
Motor insurance can cover your motor vehicle against accidental damage and theft. It can also protect you from the financial costs of repairing or replacing another person’s vehicle in an accident where you’re at fault.
Why do I need it?
If your car is damaged in an accident where you’re at fault, having comprehensive motor insurance helps to pay for repairs – or can replace it altogether if your car is written off.
Third party property damage (TPPD) insurance – can cover the costs you may be liable to pay if you are at fault and damage or write off someone else’s car – is also available as a standalone policy. However, if you only have this cover, there’s no cover for any damage to your own car.
Did you know?
47,184
Motor vehicles were stolen in 2021/2022 (carsafe.com.au, 2020)
$451.9m
The cost of motor vehicle theft in the financial year 2021/2022 (carsafe.com.au, 2020)
3/5
Car owners risk not having the insurance they need because they don’t read their policy document (Insurance Council of Australia, 2021).