Is car insurance mandatory in Australia?
No – there is only one type of car insurance in Australian that is mandatory, namely compulsory third party (CTP) insurance. All the other types of car insurance are voluntary, including comprehensive cover.
What are the different types of car insurance policies?
These are the common types of car insurance policies: Comprehensive cover: This covers the cost of repairs to or replacement of your own vehicle and property whether you are at fault or not. It can also cover the cost of emergency repairs, transportation costs and damage caused by other drivers.
What do the different levels of car insurance cover?
What do different levels of car insurance cover? Type of incident Third Party Fire and Theft Third Party Property damage Damage to your vehicle ✔ – if the damage is caused by fire, the ✔ – if the damage is caused by an uninsu Damage to other vehicles and property ✔ ✔ Theft ✔ ✖ Fire damage ✔ ✖ 3 more rows