While exploring your options on vehicle insurance, you could be looking for a package which comfortably protects damage to your vehicle and other driver’s car. Discussing such issues with your insurer allows you to select the most appropriate policy for your car.
In Australia, a comprehensive car insurance policy will give you the highest level of protection. You can be assured of a cover for any damage to your car and that of the other person’s vehicle or property.
The policy also extends its cover to cater for damages caused by a hail storm, fire and, replacements of expenses if your car is stolen. It provides for repair regardless of who is responsible for the damage caused or the driver at fault in an accident. In addition to that, it has covers features like car hire as your damaged vehicle is getting repaired.
Gradually, you will notice that this type of car insurance has more exclusive features than any other policy in Australia. Usually, some variables determine the average cost of getting this policy. Your premium can be calculated based on factors such as the age of the driver, driving record and claim history, where you park, your excess and the vehicle you drive.
On the contrary, if you are driving any coveted collector car, you will probably have to consider classic car insurance. With this type of automobile insurance, your classic car is covered only up to its actual cash value that is equal to its replacement costs minus depreciation. This means that you will always have to keep it clean, adequately maintained and sheltered because when it comes to vintage cars, traditional automobile insurance cannot keep up with the value they demand
While comparing quotes, familiarize yourself with the exclusions that come with comprehensive cover. Some of the inclusions include; intentional damage to your car, damage caused by an unlicensed driver, driving an un-roadworthy vehicle and damage caused under the influence of alcohol or drugs.
