Vehicle insurance (also known as car insurance, motor insurance or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise there from. Vehicle insurance may additionally offer financial protection against as theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying and damage sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal regulations in each region.
How to get a car insurance quote
If you know your number plate it’ll save you time, but if not just choose your make and model and you’re on your way to quotes galore.
Next, you’ll need to let us know:
- Your car’s value
- How much no-claims bonus you’ve amassed
- Your annual mileage
- Usage – social, commuting or business
- Your occupation
Quotes that cater to you
Once you’ve got some quotes to look at, you can narrow things down a bit if you know exactly what you want:
- Choose your voluntary excess
- Opt to protect your no-claims bonus
- Decide whether to pay monthly or annually
Change any of these and you’ll get a fresh set of prices to fit your new answers.
Whether you need comprehensive insurance, third party fire and theft or third party only for just the one car or many, it’s easy to get the cover you need.
You don’t need to take our word for it either – when you get your quotes they come along with helpful information and star ratings from financial researcher Defaqto, so you’ll see exactly what you’re buying.
Why Car Insurance is important
If you’re like most Aussies, your car is likely to be what gets you from A to B comfortably. Driving means different things to different people — independence, convenience, routine, or a chance to explore. So, whether you drive a family SUV, well-loved Ute or sleek sports car, you’re going to want to feel protected. Depending on your level of cover, your Car Insurance is there to protect not only your car, but the drivers involved too.
Cheap Car Insurance
Review our article on cheap car insurance below. We hope that these tips will help you find the most competitive car insurance quote. It is essential to know what to look for when buying car insurance. This guide should give you a better understanding on ways that you can reduce your premium.
If your vehicle is older than 10 years you could look at downgrading your car insurance policy from comprehensive to a third party fire & theft policy. The amount you save may not be significant however it may be worth looking at.
Bus, Luas or train
You may be eligible to avail of a discount if you take alternative transport to and from work rather than using your car. In some circumstances the insurance provider may request evidence of a travel pass or tax saver commuter ticket.
Motor insurance excess limit
If you increase the excess limit on your car insurance policy this may help to reduce your premium. The excess limit is the amount you must pay towards the costs of the claim, this criteria may vary from insurer to insurer.
Multi cover discounts
You may get a discount of up to 10% if you purchase your car and home insurance through the same insurance company. Always read the terms and conditions carefully.
Add your spouse
You may wish to consider adding your partner, wife or husband to your motor policy as this may reduce the price of your premium.
You may qualify for a discounted premium if your partner, husband or wife has a car insured in his or her own name or uses a company car.
If you have recently changed your job or career to a role that involves less driving this may help reduce your insurance premium. Certain occupations are categorised as high risk, mainly those that involve a lot of annual mileage compared to a job working in an office.
Value of your vehicle
Ensure you cover your car for the correct value, as this will affect the cost of your annual premium. If you have over valued your car you may be paying too much alternatively if you have undervalued your car this may give rise to issues in the event you need to make a claim. As little as a €1,000 difference in the value of your motor may put you into a higher threshold category, if you are in doubt please give us a call and we will be delighted to help with your query.
Step back bonus
What is a step back bonus? “Step back bonus” is a benefit that you can add to your motor insurance policy that may allow you to retain a portion of your “no claims bonus” in the event you need to make a claim. Criteria may vary depending on the insurance companies terms and conditions. If you decide against this additional benefit it may reduce your car insurance premium. Although we would suggest you add the “step back bonus” to your policy as it may save you money on your premium should you need to make a claim in the future.
No claims discount
The higher the number of years your motor policy remains claims free the better chance you have of availing of a cheaper premium compared with someone that has made a number of claims over the past few years. If you are considering switching you insurance, ensure the new provider will accept your full no claim discount.
Vehicles with immobilizers and alarms may get a discount compared with those without. If your car does not have an alarm we would recommend getting one fitted by an approved garage.
Garage, driveway or public street
Some insurance providers may offer a discount on your premium if you park your vehicle in a secured garage rather than on a public street. Review the options to see how much you can save.
Type and model of car
If you are in the market for a new or used car we would suggest shopping around before purchasing as your insurance premium will be based on the size of the engine and price of the car.
Consider buying online as some insurance providers may offer discounts for web based sales. Always read the terms and conditions carefully.
The best way to reduce your motor insurance premium is to shop around. Ensure you are comparing like with like and always read the terms and conditions carefully. We hope you found our car insurance tips useful and informative.