We all shop around for a shiny new car, but somehow that shiny new car insurance policy is lower on the shopping-around list. However, not all vehicle insurance was born equal, and you could save a boot-load of money from a quick glance at the ins and outs of car insurance.
Every motorist and their wheels are unique, so you should be on the lookout for a car insurance policy to suit your circumstances. From third party car insurance to comprehensive cover, there are myriad options and extras to consider. If you want to investigate pay-as-you-drive car insurance, you’ve come to the right place.
Once you have your driver’s license, making the decision to buy your very own car can be pretty exciting. Then, when you’ve settled on the wheels to take your dream road trip, the next step is to get your car registered and insured.
There’s no question that having your own car can open up possibilities. Think last minute road trips, travelling further for work and not having to lug your shopping home on the bus. The problem is maintaining your wheels can be pricey. Getting cover for your vehicle, fuel and registration all adds up.
Here at Mozo, we’re all about helping everyday Aussies find the perfect car insurance policy. But if it’s been a while since you last reviewed your car insurance policy and insurer, there’s a good chance of a better deal out there. And depending on your situation, switching policies could save you big bucks and deliver even bigger value.
When you’re a teenager, there’s nothing more exciting than slapping on some P-plates to the back of your car. And now that you’ve started to get the hang of driving, you may be thinking it’s time you got yourself a car insurance policy. Since you’re a newbie to the world of car insurance, we thought you might need a little help, so we’ve answered some of the questions you might have about taking out a car insurance policy as a P-plater.
It’s an exciting experience for teenagers and a nightmare for parents, but once your child gets their learner driver’s licence and can’t wait to get behind the wheel, you’ll need to have a think about your car insurance policy and what it will mean for the cost of your premium. That’s why we’ve developed this guide, to help answer some of the most commonly asked questions by parents when it comes to making sure your child is covered in their new found freedom.
As an older driver you’d be forgiven for thinking that after decades of safe driving, you’d be rewarded with dwindling car insurance premiums that free up your hard-earned retirement funds to make the most of your golden years.
As a cheap alternative to pricey taxi fares, ridesharing services like Uber, Ola or Lyft have quickly risen to popularity among Aussie commuters.But this particular segment of the sharing economy has also become one of the favourite ways for Aussie drivers to earn a little extra cash. With services making it a relatively simple and straightforward process to sign up, everyday motorists are now increasingly using their own car as a means to make money.
For a lot of us, driving is a part of everyday life and is as simple as breathing. And aside from the anxiety people can get when asked to reverse park, driving can be quite enjoyable and therapeutic. However, silly – and avoidable – mistakes happen everyday to even the most responsible drivers. So before you next get into your car, here are seven things that can void your car insurance.
Car insurance policy prices are determined by a range of factors, including the driver, the vehicle, the phases of the moon, maybe. It can be really tricky to keep track of just what is affecting your car insurance premiums, but knowing your way around these factors can help you save big time.
Everyone shout hooray for car insurance! Now everyone give a slow clap to the cost of premiums and excess. Well, you can’t have your cake and eat it too, so to speak. Yes it is great that we have car insurance available to purchase, but what we pay in our premiums and excess is usually a fraction of the actual cost of repair or replacement of any one or multiple vehicles. In the end, we just never know when we’ll need to make a claim, so it’s better to have as much protection you can afford.
Remember yesterday when you were writing in your diary how you planned on having a car accident tomorrow afternoon? Said no one. Ever. These awful incidents, no matter how minor or major, shock the system out of anyone and everyone who has the unlikelihood of experiencing such an occurrence. And if it happens once, you certainly never want it to happen again.
If you’re responsible for a car accident, you may vocalise a few profanities, but at Mozo, we prefer to refer to such mishaps as silly scenarios (there's got to be some levity to this unfortunate situation).
What’s that? Car insurance is your favourite ever thing to pay for? Yeah, we know it hurts the hip pocket and no one wants to really deal with it. But it’s a necessary purchase we all need to think about, whether we like it or not.
If you hold comprehensive car insurance, you may have felt the urge to ditch your policy for something with a little less cover so you can keep hold of a little more cash. You probably get this feeling about once a year when you get a reminder to pay your premium...
We have all been there. Your mate, Dave, has his car in for service and just needs to get to work. You, being the environmentally friendly-friend catch the bus to work most mornings, so having him borrow your car seems pretty harmless. But in truth, Dave being behind the wheel of your sweet ride could potentially cost you quite a bit of cash in car insurance payments if something were to go wrong.
Black boxes aren't just in planes anymore – they're a new sensation on the Australian car insurance scene. Also known as telematics or insurance boxes, this new technology means Aussie drivers can buy car insurance policies based on their driving habits. The safer you drive, the less you pay in premiums.
If you’ve ever needed to claim insurance of any kind, you already know it can be a painstaking experience. From filling out seemingly a thousand forms to inspections of damage, to filing police reports and more. It really depends on the insurer and what they expect from you when making a claim, but when it comes to car insurance, apart from being a laborious process, it can sometimes be a slightly more emotional time. After all, it’s your friend on wheels, your escape from work and home, apart from your bed, you spend so much time in your car. What’s more, you’ve spent so much money on your car, you don’t want anything to go wrong with it, do you?
Have more than one car in your household? That means you qualify for a multi-car policy. Which also means that you get to save on your overall premium. Sounds too good to be true? Not surprisingly! But your insurance company wants to reward you for not only remaining a loyal customer, but also bringing more business to them.
A third party what? There are so many different insurances we need to consider in our lives, from life insurance to home and contents and everything in between. When it comes to your car, you might think CTP (also known as your greenslip) is enough, but that's not really the case.
Whether it’s your first car purchase or your fifth truck, motor insurance is pretty important. In fact, no matter what vehicle you fancy albeit, motorbike, scooter or pickup truck, you’re going to need to think long and hard before making your vehicle insurance. But don’t think too hard about it!
When thinking about car insurance companies, top of the mind is probably the big-named, well-known insurance companies. Why do you mostly remember the hotshots? Well that’s because they have a squillion dollars to advertise with in the best media spots so that they can be in your face as much as possible. It’s no wonder you would think of them first! But did you know that smaller car insurance companies may be just as good? If not better? But that’s for you to decide and not for us to say. Let’s have a closer look at them both and compare.
Motoring enthusiast? Then you probably take your car insurance very seriously. And why wouldn’t you? The gentle purr of the engine, the hand built precision, the walnut interiors and the sheer beauty of the spectacle. We hear you. And so do the insurance companies specialising in exactly what you collect.
It’s nice to know that after working and living the hard yards you get a little more respect for reaching a handsome milestone in life. Once upon a time only the over 50s could understand. Not anymore. Now we have insurance companies around Australia who are taking a particular interest in 50s plus, because after all, you deserve a little more. Or a lot.
Many Australians are struggling to afford their car insurance right now, according to Mozo’s 2020 car insurance report.Survey data informing the report shows 32% of motorists consider their car insurance a financial strain, with one in five drivers thinking about cancelling their policy.Another 25% of respondents said they had already cut their cover.
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.
Most drivers will take out car insurance to protect their vehicle and finances in the event of an accident or emergency.So, while you want to make sure you’re getting a good value deal on your premium, you should also know what kind of payout you’ll get if you need to make a claim.The Australian Prudential Regulation Authority’s (APRA) most recent data on car insurance claims shows the average payout in 2019 was $3,362. This excludes claims made under CTP insurance, but covers all voluntary domestic motor vehicle insurance claims, from third party car insurance claims to cover under comprehensive policies.If APRA only assessed comprehensive policies, it’s likely this number would be much higher. This is because third party cover only insures drivers for a limited amount of damage they cause to other people’s cars and property (often only up to $5,000 as standard) and not to their own.
When it comes to car insurance, Victorians pay on average $229 more than the rest of Australia. That’s according to Mozo’s 2020 Car Insurance Report. The same report also revealed that 74% of drivers in the garden state are using their wheels less than this time last year.