Think about it: when was the last time you thought to compare car insurance quotes…
Perhaps you’re a newbie to the ballgame and need some insights? Or maybe it’s been years since you took a look at the market?
With the car insurance industry changing all the time, as a car owner it’s important to keep your knowledge current. A few minutes of research could make the world of difference.
What if taking only a few minutes to compare car insurance quotes meant you didn’t cough up hundreds of dollars extra? Or you had a wonderful experience at claims time? Or an accident or breakdown didn’t cause a heap of stress?
We get it. Life admin is a pain. But when it comes to your car – the wheels to your freedom – no one likes nasty surprises. Especially when they need it most.
This article offers our tips to compare car insurance well, to get the best comprehensive car insurance policy for you.
Which insurance is best for my car?
Human beings are creatures of habit. It’s in our nature. Add to this our busy lives, a seemingly overwhelming array of options and the ease of simply going with what you already know.
We get it. But your individual circumstances are always evolving, and something as simple as changing your motoring situation could mean significant savings.
For example, your teen may have just bought their own car and needs to be removed from your comprehensive car insurance policy. Or you’ve separated from your partner so now you’re the exclusive driver of your car. It may be as simple as having changed garaging address. All valid reasons to compare car insurance opportunities.
It’s time to grab a cuppa and read.those.fine.details.
Yup, the boring bits. The product disclosure statement (PDS). Reading this is the best way to compare car insurance quotes well.
But before we go into that, let’s clarify what’s what in car insurance land.
What is comprehensive car insurance?
Comprehensive car insurance is the most popular of the three main types of car insurance. Of the three types, it has the most features and benefits for you to take advantage of throughout the life of your policy.
At its essence, it covers you for damage to your car and other people’s cars and property. Plus it has a whole bunch of extras, which vary between insurers. Which means the pricing can vary widely.
Useful vs useless inclusions
For example, when you compare car insurance quotes and find PD Insurance you’ll see our low-cost comprehensive car insurance has useful inclusions:
- Free windscreen damage repair (if the windscreen is repairable)
- New for old car replacement (for the first 12 months, if you’re the original owner)
- Emergency repairs worth up to $500 (if the damage occurred due to an incident that we cover)
- Reasonable cost of towing and storage
- Reasonable cost of removal of debris caused by an accident
- Up to $1,000 to replace or recode your vehicle’s keys or locks if stolen
- Lifetime Repair Guarantee on all PD Insurance authorised repairers
And, only if you need it, you can pay extra for other benefits. We offer add-ons like a hire car if your car is stolen, roadside assistance, windscreen/window glass replacement and an excess buster (where we pay your excess once a year if you have to claim on your insurance).
You can see how easy it is for one comprehensive car insurance policy to be much simpler or way more comprehensive than the next!
Our theory is to keep it simple (aka affordable) then give you the option to ‘pick and mix’ the additional extras that are important to you. No point in paying for automatic inclusions you don’t need.
Beware these types of policies – filled with features that you’ll likely never need. A wide range of inclusions usually means a higher premium. Find the features vs pricing balance that works for you.
Are you wondering ‘is PD Insurance is any good for car insurance?’ Visit here.
What is third party property car insurance?
Like comprehensive car insurance, third party property car insurance covers you for any damage you cause to other people’s cars and property. What it won’t cover you for is damage to your own car.
Some people with less valuable cars (we’re looking at you, rust bucket) choose this as a cheaper car insurance option.
What is third party fire and theft car insurance?
Third party fire and theft car insurance is more comprehensive than third party property car insurance (and hence costs more) but less feature-rich than comprehensive car insurance. Consider it your middle man.
With this, you’re covered if you cause damage to other people’s cars and property (though not your own) plus you’re covered for theft or fire damage to your car.
Given one car is stolen every 12 minutes in Australia… well, enough said really.
Compare car insurance policies via their PDS
Now you know which car insurance type is best for your car and your needs. So, it’s time to do an online quote to find which car insurers are providing premiums within your budget. Every good insurer’s website should have a simple online quote tool.
Once that’s done, stay on the websites of your top three or five insurers (or whatever number you’re comfortable researching) and explore their PDS.
Every policy has one and it should be easily found on the insurer’s website. It’s important you’re familiar with it because it’s often the reason we get disappointed, thinking we’re covered for something when we’re not.
When reading through the PDS, consider:
- What features does the product have that you’ll never need? Are you paying a premium for these different bits and pieces of cover?
- What sort of windscreen damage is covered?
- Are you covered for flood? Fire? Covered for other natural disasters?
- What excess options do you have?
- What discounts are available (eg. no claim bonus, you’re the only driver, etc)
- Where can you get your car repaired? Are the repairs guaranteed? Do you have to organise your own repairer or will they take care of it?
- Can you pay monthly and annually, or is only one option available?
If you can’t answer those questions, it’s time to do some digging. Call each insurer to talk it through. And if they can’t discuss the most minute detail of their policy then you know how good their customer service will be…
And while you’re researching, read up on the top 5 car insurance myths you should stop believing.
How to compare car insurance to find the best
At the end of the day, the best policy is the one that meets your specific needs. Who you are, where you live, where you drive, how you drive, who drives the car, how much you value your car… and many others factors come into play.
Long gone are the days of a one-size-fits-all approach to insurance. The key is to know what your needs are first. Do your homework, figure out what each policy covers, and how much you’ll be charged for them. Then you can decide what you can and can’t do without.
In Australia, we’re lucky to have so many insurance options to choose from. Why not check out PD Insurance while you’re at it? We offer affordable comprehensive car insurance, a bunch of great add-ons and a range of discounts. See if we can help.
Over to you – finding awesome car insurance
Did you compare car insurance quotes recently? What made is easy or difficult? What insights did you glean from the process? We’d love to know.