Comprehensive car insurance 'is a must'

It is absolutely vital that Aussies do not try to cut corners when comparing car insurance policies.

Of course, people are always going to look for the cheapest deal they can, but it is crucial that you do not settle for inferior levels of cover.

Writing in the Whitsunday Times, founding director of financial planning firm ipac Paul Clitheroe said that too many people misunderstand the importance of having adequate car insurance.

Figures have shown that 160 vehicles are stolen across Australia every day, so there is a chance you will fall foul of crime. Having an attitude of "it won't happen to me" is simply not good enough.

People who get the most basic form of insurance are in danger of being left out of pocket and Mr Clitheroe feels that having more comprehensive cover is often cost-effective in the long run.

By using a comparison website, you can ensure you are buying a quality insurance policy while saving significant sums of money at the same time.

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