Car insurance coverage can help you lessen the financial burden after an accident. Different car policies are available, and you should have at least one. Walk around the various car policy options and select the one that suits your situation and needs, but make sure that price is not the only factor you consider when choosing your car insurance policy. Also, you need to know how to check your vehicle insurance in your country. This article will discuss how to check car insurance in Australia and where to check. Before proceeding, let us see car insurance and the various types available.
What is car insurance?
Car insurance protects a car owner from the economic effect of causing damage to their vehicle, other people’s vehicles, and properties due to an accident or other unforeseen circumstances. It gives car owners peace of mind knowing that they are covered should something happen on the road while they are driving.
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Types of car insurance
There are four main types of car insurance, and they include the following;
- Compulsory Third-Party (CTP) insurance: CTP insurance, also known as green slip in NSW, is a compulsory insurance in Australia that saves the insured financially when an accident happens. It protects the driver or car owner from the financial implication of causing death or injury to others due to an accident. CTP doesn’t cover properties or vehicles damaged during the accident.
- Comprehensive car insurance: This is an extensive type of insurance. It’s insurance coverage covering your vehicle from unexpected circumstances. It also covers other people’s properties damaged due to the incident. Comprehensive car insurance doesn’t protect you if the incident involves a collision. Still, it provides coverage for theft, vandalism, fire, natural disaster, and other damages to your car.
- Third-party fire and theft insurance: this is a type of insurance that covers your vehicle in case of theft, vandalism or damage caused by fire. It also covers damage done to third parties’ vehicles or properties while you are driving.
- Third-party property damage insurance: This type of insurance covers the insured if they damage other people’s property or vehicle. It doesn’t cover damage done to your car.
How to check car insurance in Australia
Knowing how to check your car insurance is good; you can occasionally check your insurance if you want to determine when the insurance covering your car will expire. The expiry date of your vehicle registration is the same as that of your CTP insurance. Compulsory third-party car insurance is a must-have for every vehicle registered in Australia. It is included with your vehicle registration as a legal requirement in all states and territories. When possessing a second-hand vehicle or unsure when your vehicle’s existing CTP or registration expires, visit your state or territory’s car registration department website to get the CTP insurance and registration details. You can also use your motor vehicle registration plate to check online.
How to check who you’re insured with
It is best to review your state or territory’s free ‘check registration’ website to know who your vehicle is insured with. Registration check includes the following;
- Your CTP insurer and the expiry date of the policy
- When your registration expires
- Whether the vehicle registration is invalid or suspended
- Any registration limitations or concessions
- The color, year, model, and make of your vehicle.
Where to check your car insurance
It’s always reasonable to check your car insurance; you should do this occasionally as a car owner. In Australia, you can use your vehicle registration plate to check the details of your vehicle’s registration and insurance online or visit the state’s roads and transport department site. Also, you can go through the insurer’s website for the details of your vehicle insurance policy or check the expiring date on the copy of the insurance document you have.