Many friends bought cars as soon as they arrived in Australia. They did not have to be sweated by public transport, nor were they affected by the strange weather in Australia to completely realize their freedom of travel. For newcomers, it is necessary to choose a car insurance that suits you. So how do you choose the type of insurance in Australia, and which insurance companies have a choice? Let`s take a look at it.
First of all, let`s talk about the difference between buying insurance in Australia and buying insurance in China.
In Australia, you can choose your own insurance type online, and you need to submit a lot of information when you buy insurance. The advantage is that when you go to claim, you can send it directly to the designated garage without having to meet with the insurance company. Unlike in China, but also waiting for the insurance company to come out of the scene. But on the other hand, you have to pay a Excess fee (floor fee when you file a claim in Australia, and the premium varies according to everyone`s circumstances. It is possible that you repair your car many times this year and the premium will increase next year. In China, the annual premium is fixed.
Specifically, there are the following main types of insurance in Australia:
Compulsory Third Party (CTP) / Green Slip Insurance compulsory insurance
This is compulsory car insurance, usually purchased with the Rego of the vehicle. It is to compensate for the personal injury caused by the third party after the accident. The main purpose is to ensure the safety of drivers, passengers and passers-by. The procedures for compulsory third party life insurance vary from state to state, subject to local government regulations.
Third Party Fire & Theft Car Insurance stole fire risk
This is an additional risk that can be added after the purchase of third-party compulsory insurance, which can protect the property loss such as the natural fire of the vehicle, the theft of the vehicle and so on.
Road Assistance Insurance Road Rescue
If you take out this insurance, in the event of an accident, no matter where you are, all you need is a phone call, and the company you insured will come to the rescue as soon as possible.
Comprehensive CarInsurance.
The basic full insurance will be responsible for the payment of property losses to policy holders and third-party vehicles, as well as the loss of benefits caused by vehicle fire, theft, significant natural disaster and so on. Even the wheels, the roof of the vehicle, and the sound system of the vehicle can be covered.
Comprehensive Plus Car Insurance comprehensive full risk
This is the highest allocation of vehicle insurance, no matter who the wrong party to the vehicle damage, this insurance will pay for the repair of your car and property. Such insurance also includes emergency repairs, transportation costs and compensation for losses caused to other drivers. Not only that, car window damage, car repair, road rescue and car rental during vehicle repair or theft are also added.
There are the following major insurance companies in Australia
Allianz: Allianz Europe AG is the largest insurance company in Germany and the largest financial services group in the world. Strong, and a number of brands of 4S stores have cooperation. Its brands are Alianz,CIC Allianz,TIO and so on.
www.allianz.com.au/car-insurance
Suncorp Group Limited Group: it has AAMI,GIO,Just Car Insurance,Vero Insurance,Bingle and other brands. Among them, AAMI is the most famous, price pro-people, insurance classification humanized, making it one of the most popular insurance companies in Australia.
www.aami.com.au/car-insurance.html
QBE: QBE Queensland Insurance Group is Australia`s largest global insurance company, business has gone out of Australia, extended to the United States, Europe and other places, outlets in more than 40 different countries, occupies a leading position in the world. Its brands are QBE,Elders Insurance and so on.
www.qbe.com.au/personal/quote/vehicle
Insurance Australia Group Limited Group: the products under the flag are RACV,NRMA, CGU,RACQ and so on. The best-known company is RACV, the word of mouth is very good, the price is also fair.
https://www.racv.com.au/
You can go to the insurance company website to understand the price, compare a few insurance quotations to see which is the most affordable.
Finally, there are some small tips to buy car insurance for your reference:
If the value of the vehicle you buy is not high (less than A $5000), it is not well worth paying a high annual insurance and premium, you can just buy third-party insurance. If the vehicle is worth more than A $10000, it is recommended to take out full insurance, and in a few years` time the vehicle will depreciate / grow in its own car skills. Consider buying only third-party insurance. In general, the older the driver, the cheaper and more expensive. If you are an international student under the age of 25, consider buying a car and car insurance in the name of your parents. Premiums will also be changed according to the historical record of vehicle claims, and there will be Excess fee (floor fees), so do not claim easily after minor accidents, and try to maintain a continuous non-claim record. It is better to solve the accident by yourself, save the bottom fee, and avoid the premium increase in the coming year of the claim.
From: Australian kangaroo Chinese Automobile Network (https://chinesecarnews.com.au))
