Car Insurance Explained

Whether you’re buying your first car or just a new, shiny car, it’s important to take out the right car insurance. Car insurance protects both you and other road users in case of a prang. 

There’s 4 types of car insurance in Australia: compulsory third party, third party property damage, third party fire and theft, and comprehensive. 

Compulsory Third Party 

CTP insurance is a minimum requirement to drive in Australia. CTP provides insurance for other people who get injured in an accident. CTP applies when you are at fault. 

Third Party Property 

Third Party Property covers other people’s property and cars, but not your car. For example, if you hit a parked car, their damage will be covered but not yours. 

Third Party Fire and Theft 

Third Party Fire and Theft does exactly what it sounds like… covers your car if it is stolen or damaged in a fire. Depending on the policy, you may be able to agree on a value for the car or it may just be market value. 

Comprehensive Car Insurance 

Comprehensive is a package which covers everything, including your car, the other person’s car, property damage and fire and theft.

Each policy is different, and the cheapest may not be the best solution. Usually, cheap policies are cheap for a reason. Take the time to research different companies and policies before deciding on the right one for your car to avoid unwelcome surprises later if you need to make a claim. 

Looking for insurance for your new wheels? 

RIBPL offers Personal Insurance which can protect your most important assets. Our Personal Insurance packages can cover cars, boats, caravans, home contents, home buildings, and personal valuables. Talk to our team of insurance experts and get a free quote today.Your blog post content here…

Why Regional Insurance?

At Regional Insurance, we have over three decades of experience serving Queensland communities. We pride ourselves on our excellent service and expertise in insurance for a range of industries. We’ll make choosing a policy, assessing your risks and making a claim simple with our personalised service to save you time, money and stress.
Contact us today!

Personal Insurance

  • Comprehensive policies to protect your valuables
  • A range of covers include home and contents, caravan, motor vehicle and personal valuables insurance
  • Your own Regional insurance broker to get you the best insurance at the best price
  • Quick and simple claims processes