Car insurance news and advice

Insurance is a vital product, but despite its importance it is an area that Aussies sometimes avoid. Choosing the right insurance can be a complicated process, and once you've picked a policy It involves forking out cash just in case you find yourself, your belongings or your loved ones in an emergency situation. 

Let’s make a pact right now to avoid car insurance renewal blunders in 2021. It’s easy to take a misstep when it comes to renewal time, but this year that won’t be you. 

January has rolled around once again and with it so has a determination to really get a handle on your finances. This time you’ve got a foolproof savings plan, you’ve cancelled lingering subscriptions and you’re working on banishing your credit card debt.

While the world’s attention has been focussed on COVID-19, something big has been happening in the world of car insurance. The industry is undergoing somewhat of a shake-up that could bring exciting new ways to save money and drive better value out of your insurance policy.

With the summer holidays approaching and travel restrictions easing within Australia’s borders, a road trip could be the go-to for many holidaymakers.

Summer is upon us and with it storm season. The Bureau of Meteorology has warned that this December through to February next year will be wetter on average for most of Australia.

So you’ve splurged your summer holiday fund on a snazzy weekend ride. You may not be able to fly off overseas this year, but at least you can take your new super sleek sports car or jazzy jetski out for a spin, right?

From 1 December, home and motor vehicle insurer Youi will be offering New South Wales drivers compulsory third party (CTP) insurance, otherwise known as green slip insurance.

All manner of things can impact your car insurance, from your driving history to your age and even where you park your car. As you might expect, a big factor is the kind of car you drive.

Methods for calculating car insurance costs are complicated. Every insurer can approach it as they choose, applying different weights to various factors.