Compare Third Party (CTP) insurance policy is mandatory in every state of Australia. So if you own a car, there is no way you can do away with it. You must have it to register or renew your car’s registration.
Third-party insurance policy offer protection and coverage against claims due to damages and losses caused to another — for instance, another driver who isn’t insured and is hence not covered under an insurance policy. The third party refers to the driver who caused the accident. Following is a guide on how to choose a third party insurance company.
Many insurance companies usually don’t cover many things. You must be sure of the various things that the insurance covers to ensure that your issue is featured. Inquire for confirmation before buying a policy. However, your standard cover won’t incorporate things like damage tires, wear and tear when not in an accident.
Beware that cheap is expensive and cheapest doesn’t usually guarantee the best deal. There are various factors to consider such as age, cost, usage, storage when not in use, and your driving record. These factors will help you determine the risk that insurers are ready to take with you.
It’s wise to choose a free and independent company which can gather all your data and produce several quotes from various car insurers. You’ll be given a comprehensive and personal report on whether you fit for the policy when you provide relevant facts and information about yourself and your car.
It’s not healthy to pay a low premium if you don’t get the exact cover like the one you’re searching for. You should consider your budget but make sure that you have all the necessary information at your fingertips before engaging in comparing different insurance companies. CTP green slip is a compulsory third party and the most basic cover. It’s mandatory for every car in Australia.
