Motor Vehicle Insurance - Insurance Council Australia [PDF]

CONTACT US (/CONTACT-US)

TWITTER (HTTPS://TWITTER.COM/ICAUS)

YOUTUBE (HTTP://WWW.YOUTUBE.COM/USER/INSURANCECOUNCIL)

(/)

Home (/)

About Us (/about-us)

Search site...

Media Centre (/media-centre)

Industry Statistics & Data (/industry-statistics-data)

Issues & Submissions (/issues-submissions)

Affordability Projects (/affordability)

For Consumers (/for-consumers)

Events (/events)

FIND AN INSURER (HTTP://WWW.FINDANINSURER.COM.AU)

MOTOR VEHICLE INSURANCE There are four types of motor vehicle insurance: Compulsory Third Party (CTP) Insurance; Comprehensive Insurance; Fire and Theft Only; and Third Party Property Only. Consumers should shop around and ensure they purchase cover appropriate to their situation. CTP is mandatory in all States and Territories and provides compensation for

(http://www.findaninsurer.com.au) UNDERSTAND INSURANCE (HTTP://UNDERSTANDINSURANCE.COM.AU/)

bodily injuries caused by vehicles. It does not provide cover for any damage to the vehicle and therefore other forms of motor vehicle insurance should also be purchased. Comprehensive Insurance can cover damage to vehicles, theft of vehicles, collision, malicious damage and weather damage. Depending on the policy, it can cover damage caused to other vehicles.

(http://understandinsurance.com.au/)

GENERAL INSURANCE CODE OF PRACTICE (HTTP://WWW.CODEOFPRACTICE.COM.AU)

Fire and Theft Only is a limited form of insurance that only covers for fire damage to, and theft of, vehicles. It does not cover collision damage to vehicles. Third Party Property Only provides cover for vehicles damaged by the policyholder's vehicle. It does not provide cover for the policyholder's own

• Home & Contents (/for-

vehicle. This product is generally only taken out by consumers with a low value vehicle, protecting themselves against damage to other motorists.

consumers/typesof-insurance/homecontents) • Motor Vehicle Insurance (/forconsumers/typesof-insurance/motor-

(http://www.codeofpractice.com.au)

CODE OF PRACTICE REVIEW 2012 (HTTP://WWW.INSURANCECOUNCIL.COM.AU/ASSETS/R 13.PDF)

View motor vehicle insurance consumer tips (/assets/ISA Comprehensive MV graphs for data project.doc)

(http://www.insurancecouncil.com.au/assets/report/GI%2 CONTACT US 13.pdf) (/CONTACT-US)

vehicle-insurance) • Business Insurance (/forconsumers/typesofinsurance/businessinsurance)

(/contact-us) INSURANCE REFERENCE SERVICES (HTTP://INSURANCEREFERENCESERVICES.COM.AU/)

• Marine Insurance (/forconsumers/typesofinsurance/marineinsurance)

(http://insurancereferenceservices.com.au/)

• Workcover (/forconsumers/typesofinsurance/workcover) • Travel Insurance (/forconsumers/typesof-insurance/travelinsurance) • Strata Insurance (/forconsumers/typesof-insurance/stratainsurance)

Privacy (/privacy) Disclaimer (/disclaimer) © 2017 Insurance Council of Australia Limited