Third party car insurance

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.
Compulsory Third Party insurance (CTP) only covers physical harm to yourself and others if you're injured in a car accident where you’re at fault. When you register a car in Australia, some states and territories will include the CTP cost in the price of your registration. Take a more comprehensive look at what is required to legally get on the road in each Australian state or territory.
But on top of your greenslip, you need to consider third party property car insurance. Although we don’t compare third party car insurance at Mozo, we do want to help you better understand what it is and know your options.
Third party car insurance is the first tier of option cover for your vehicle after CTP. This kind of policy can help cover the cost of repairs to other vehicles, but not your own. This might work well if you've got an older set of wheels not really worth the parts, but want to make sure you don't have to foot the whole bill after an accident where you are at-fault.
Keep in mind, each policy will have different limits to that cover, so if you're involved in a more costly accident, there's the possibility you'll have to fork out addition cash even after a claim is accepted. You can often increase this level by paying a little extra on your premium.
And if you're worried about your car being stolen or set alight when parked in a dangerous area, you could consider getting coverage with a third party fire and theft policy (the next rung up on the car insurance ladder).
Why should I get third party insurance?
If you feel that your car isn’t worth insuring or it’s just out of budget for now, Mozo suggest you at least secure a third party property damage car insurance policy.
Accidents happen, and no matter how good a driver you are, all it takes is one slip-up and you could be left with a large repair bill for another driver's expensive set of wheels. So as you can see, having insurance is absolutely vital if you’re going to be on the road.
If you can’t afford the full cover of comprehensive, go for third party property so there’s less of a chance of you ending up out of pocket.
What does third party car insurance cover?
It won’t cover damages to your car, but it will cover the one or multiple cars you collide with. Your policy may even cover the damage caused to surrounding property. Again, remember there's a limit to the amount your provider will dish out can will likely differ between companies, and it may not cover all the costs in an at-fault accident.
Don't stress about hospital or doctors bills – your CTP is there to cover the cost of injuries to yourself and other others.
What’s the difference between third party car insurance and comprehensive cover?
A fair bit. Premium prices can differ considerably, and it could mean the difference of thousands of dollars if you’re at-fault in a car accident. Let’s have a closer look:
Third party car insurance basic
This is a basic policy covering the essentials. It covers the cost to repair other cars if you’re found to be at fault in an accident. But it could be quite minimal, perhaps only covering up to $5,000 worth of repairs.
While it is the cheapest option and will suit stricter budgets, this limit could cause problems at claim time. What if the damage to the other driver’s car is $9,000? What if you damage several cars at once? This could amount to way over $20,000.
Comprehensive
This policy will cover the other driver, their car and possession if you’re found to be at-fault in an accident, but also your own car. Cover can go into the tens of thousands, depending on which policy you select and any option extras you may want included in your policy. But this cover and corresponding premium level is really dependent on personal choice.
To investigate all your options, check out some of the comprehensive car insurance policies below.
Car Insurance Comparison Table - rates updated daily
Gold Comprehensive Car Insurance
Get award winning Car Insurance. Save 15% ^ on your first year’s premium when you purchase a new policy online. Budget Direct offers tailor-made cover, new-for-old replacement, 24/7 claims, a highly-rated claims service, and get a hire car following a theft.
- Monthly premiums
- Yes Costs Extra
- Choice of repairer
- Optional Extra
- Choice of excess
- $500 - $1,850
- Agreed or market value
- Agreed Or Market
Available discounts
- Online Discount Up To 15%
Gold Comprehensive Car Insurance
Get award winning Car Insurance. Save 15% ^ on your first year’s premium when you purchase a new policy online. Budget Direct offers tailor-made cover, new-for-old replacement, 24/7 claims, a highly-rated claims service, and get a hire car following a theft.
- New car if written off
- Yes - within 2 years or 40,000 kilometres of original registration, whichever comes first
- Rental car after theft
- Yes - Up to 14 days, max $1,000 total.
- Rental car after accident
- Not at fault - Yes. At fault - Optional Extra. Up to 14 days for at fault accidents.
- Windscreen cover
- Yes - standard excess. Option to reduce windscreen excess to $40 on every windscreen claim for an additional premium.
- Modifications
- Covered only if agreed in writing.
- Young driver excess imposed
- $600 for drivers under 21, $500 for drivers under 24, $600 for unlisted drivers, $500 for inexperienced drivers over 24.
- Roadside assistance
- Optional Extra
- Other benefits
- -
- Other restrictions
- -
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
Read our Mozo Review to learn more about Budget Direct Gold Comprehensive Car Insurance
Comprehensive Car Insurance
Stella have created a more intuitive experience and offer a product that’s been designed with women in mind; offering premium benefits, and optional extras and rewards for being a safe driver. Stella are back by QBE. Get a quick quote online in 40 seconds and insured in 4 minutes. Purchase a new comprehensive car insurance policy from Stella by 30th June 2022 and receive a $100 EGift Card*. T&Cs apply.
- Monthly premiums
- Yes Costs Extra
- Choice of repairer
- No
- Choice of excess
- $800 - $2,000
- Agreed or market value
- Agreed
Available discounts
- No Claim Discount
Comprehensive Car Insurance
Stella have created a more intuitive experience and offer a product that’s been designed with women in mind; offering premium benefits, and optional extras and rewards for being a safe driver. Stella are back by QBE. Get a quick quote online in 40 seconds and insured in 4 minutes. Purchase a new comprehensive car insurance policy from Stella by 30th June 2022 and receive a $100 EGift Card*. T&Cs apply.
- New car if written off
- Yes - within 3 years and 60,000 km of original registration
- Rental car after theft
- Yes - Up to 14 days.
- Rental car after accident
- Not at fault - yes. At fault - Optional Extra. Up to 14 days.
- Windscreen cover
- Yes - standard excess. Option to reduce windscreen excess to $0 on every windscreen claim for an additional premium.
- Modifications
- Covered only if agreed in writing.
- Young driver excess imposed
- $600 for listed drivers under 25. $1,600 for unlisted drivers under 25
- Roadside assistance
- Optional Extra
- Other benefits
- Receive a $100 eGift card for new Comprehensive Car Insurance policies purchased from Stella by 30th June 2022.
- Other restrictions
- -
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
Read our Mozo Review to learn more about Stella Comprehensive Car Insurance
Comprehensive Car Insurance
Huddle Car Insurance, Pay as you drive & save up to 30% (T&Cs apply). 24/7 claims lodgement and new-for-old replacement (under 2 years).
- Monthly premiums
- Yes
- Choice of repairer
- No
- Choice of excess
- $500 - $5,000
- Agreed or market value
- Agreed Or Market
Available discounts
- Pay As You Drive Cover With Pricing Tiers Available For Limited Kms.
Comprehensive Car Insurance
Huddle Car Insurance, Pay as you drive & save up to 30% (T&Cs apply). 24/7 claims lodgement and new-for-old replacement (under 2 years).
- New car if written off
- Yes - within 2 years of original registration
- Rental car after theft
- Yes - Up to 14 days, max $70 per day.
- Rental car after accident
- Not at fault - Optional Extra. At fault - Optional Extra. Up to 10 days, max $70 per day.
- Windscreen cover
- Yes - standard excess. Option to reduce excess for first windscreen claim each year to $0 for an additional premium.
- Modifications
- Most modifications covered automatically
- Young driver excess imposed
- $1,200 for listed drivers under 21, $800 for listed drivers under 24, $2,000 for unlisted drivers under 21, $1,600 for unlisted drivers under 24, $800 for inexperienced drivers over 24, $800 for learner drivers.
- Roadside assistance
- Optional Service
- Other benefits
- -
- Other restrictions
- -
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
Read our Mozo Review to learn more about Huddle Comprehensive Car Insurance
* Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
^See information about the Mozo Experts Choice Car Insurance Awards