If you’re looking to buy auto insurance, then you need to know what to expect and how to go about it. Making a well-informed decision when choosing car insurance can help you save hundreds, if not thousands of dollars in the long run. Car insurance is not something you jump into and purchase. There are things to know, such as:

  • Your state minimum car insurance requirements
  • Available Coverages

Car insurance is mandatory as soon as a vehicle is purchased. Australia requires compulsory third party (CTP) insurance before vehicles can be registered and legally driven.

 

CTP Insurance Transfer

If buying a registered vehicle, the CTP insurance is transferred to the new buyer. The new car owner is not required to purchase CTP insurance until the existing registration expires. CTP insurance does not cover loss or damage to the vehicle or the property of others.

 

Obtaining Car Insurance Quotes

 

Car insurance providers will ask various questions when obtaining insurance quotes:

Vehicle use
Vehicle parking when not in use
Your driver’s record and claims history

 

Insure Your Car for Market Value or An Agreed Upon Value

Vehicles can be insured for the market value, or an agreed upon value. Market value is the replacement cost of the car. Before obtaining quotes, know the market value of your vehicle by assessing its Red Book value. Understand that the Red Book market value is a guide.

Agreed value is the amount the insurance provider agrees as the insurance coverage value for the vehicle. Providers may agree on an amount based on different factors:

The vehicle is less than 10 years old
The vehicle is not converted to LPG
The vehicle is in an acceptable range of the market value

 

What Information Should You Furnish To The Insurance Provider?

Provide the insurance providers with all drivers that will be behind the wheel of the vehicle. All household members including learner, provisional and occasional drivers. Insurance providers will not cover unlisted household member. Insurance providers automatically cover non-household members that are not excluded drivers; however, listing them on your policy means avoiding the unlisted driver excess fee.

 

Obtaining Online Quotes

Insurance quotes are easiest obtained online. Shop and compare multiple quotes, researching the companies that interest you.

  • Check reputations
  • Check financial standings
  • Check claims history
  • Compare quotesQuick Car Removals Melbourne is a cash scrap car buyer that pays cash for all makes and conditions of vehicles. To get your car sold today, give us a call at the number below. To have your vehicle valuated online, visit our homepage to complete our “Get a Quote” form. We guarantee a top cash offer with no obligation to accept our offer.
    Call us for a cash for cars quote. Call Quick Car Removals at 0481 332 220 / 0387 123 683.