richselina Posted May 20, 2012 Share Posted May 20, 2012 Hi, Would anyone be able to let me know how car insurance works in Australia, and if you have a proven no accident/claim history in the UK if this is valid and achieves any discount, or do you effectively start from scratch again? Thanks, Rich Link to comment Share on other sites More sharing options...
pswebb38 Posted May 20, 2012 Share Posted May 20, 2012 I'd be interested to know about this too Link to comment Share on other sites More sharing options...
wakeboard1980 Posted May 20, 2012 Share Posted May 20, 2012 You need to pay your CTP, compulsory third party before you can register your car each year. This is the only insurance you need to drive in Aus. It covers the car and whoever is driving said car. You can then get either third party property fire and theft or fully comp. It's the car that's insured in Aus not the driver like in the uk. The excess will vary though taking into account who is driving when an accident occurs. Young males under 21 will have to pay a big excess compared to say a female over 30. Link to comment Share on other sites More sharing options...
wakeboard1980 Posted May 20, 2012 Share Posted May 20, 2012 Don't know about the no claims, suppose that would vary depending on the insurance company. I do know that AAMI took into account how long my wife had been driving in the UK. Didn't have to show the no claims as she was only a nominated driver on the policy. Link to comment Share on other sites More sharing options...
thombatt Posted May 20, 2012 Share Posted May 20, 2012 If you don't ask, you wont get. If you do ask and they say "no" what have you lost? Link to comment Share on other sites More sharing options...
twister292 Posted May 21, 2012 Share Posted May 21, 2012 You need to pay your CTP, compulsory third party before you can register your car each year. This is the only insurance you need to drive in Aus. It covers the car and whoever is driving said car. You can then get either third party property fire and theft or fully comp. It's the car that's insured in Aus not the driver like in the uk. The excess will vary though taking into account who is driving when an accident occurs. Young males under 21 will have to pay a big excess compared to say a female over 30. CTP does not cover your car. CTP only covers injury you may cause to other drivers/passengers. CTP will pay neither for your car nor for any property you damage (including other cars). In Victoria, CTP is consolidated into to the single price you pay for rego every year. On top, you can buy TPPD (Third Party Property Damage), which again won't pay for your car, but will pay for others' property (cars, buildings etc) that get damaged due to your fault in an accident. TPFT (Third Party Fire and Theft) extends this by adding cover for if your car gets stolen or destroyed by fire, but still wont cover your car's repairs. Comprehensive is ofcourse usually broad-based and will cover damage to your car that might result from your fault too. As for premiums, it depends on (1)how long you've had your license for (2) how old you are. For males below 25, comprehensive premiums are very high, especially for those of us driving for less than 3 years. Link to comment Share on other sites More sharing options...
Rupert Posted May 21, 2012 Share Posted May 21, 2012 Hi, Would anyone be able to let me know how car insurance works in Australia, and if you have a proven no accident/claim history in the UK if this is valid and achieves any discount, or do you effectively start from scratch again? Thanks, Rich You should ask the insurance company and e prepared to prove you have the no claims should they agree to discount the premium. We were not asked to provide proof, however we didn't have a claim, I suspect had we made a claim they would have asked for all the proof then. Link to comment Share on other sites More sharing options...
bma Posted May 21, 2012 Share Posted May 21, 2012 Hi, Would anyone be able to let me know how car insurance works in Australia, and if you have a proven no accident/claim history in the UK if this is valid and achieves any discount, or do you effectively start from scratch again? Thanks, Rich CTP does not cover your car. CTP only covers injury you may cause to other drivers/passengers. CTP will pay neither for your car nor for any property you damage (including other cars). Some insurance companies will take into the account you haven't had the accident ever and some won't (Allianz did). Regarding car insurance I advise you to shop around, you wouldn't believe the price difference... Our comprehensive insurance cost around $580 for half a year with AAMI and $600 for the whole year with Allianz. And Bingle would have been even half cheaper (we realised that only recently). Our CTP cost around $530 for the whole year with Allianz, $384 with NRMA (whole year) and $380 with GIO (whole year). Link to comment Share on other sites More sharing options...
wakeboard1980 Posted May 21, 2012 Share Posted May 21, 2012 CTP does not cover your car. CTP only covers injury you may cause to other drivers/passengers. CTP will pay neither for your car nor for any property you damage (including other cars). In Victoria, CTP is consolidated into to the single price you pay for rego every year. On top, you can buy TPPD (Third Party Property Damage), which again won't pay for your car, but will pay for others' property (cars, buildings etc) that get damaged due to your fault in an accident. TPFT (Third Party Fire and Theft) extends this by adding cover for if your car gets stolen or destroyed by fire, but still wont cover your car's repairs. Comprehensive is ofcourse usually broad-based and will cover damage to your car that might result from your fault too. As for premiums, it depends on (1)how long you've had your license for (2) how old you are. For males below 25, comprehensive premiums are very high, especially for those of us driving for less than 3 years. Sorry should have explained better. The CTP insurance is linked to your car. Yes it doesn't insure anything other than people that you may hit and be at fault. You buy car that is registered it already has CTP Link to comment Share on other sites More sharing options...
Guest The Ropey HOFF Posted May 21, 2012 Share Posted May 21, 2012 Its going to cost us about £3,000 here in the UK for my 17 year old son to be insured, does it cost $7,000 in Australia, or can you get it cheaper than that, cheers for any replies. Link to comment Share on other sites More sharing options...
Quoll Posted May 21, 2012 Share Posted May 21, 2012 CTP in ACT is part of rego and, unless they have changed it in the last 6 months has to be organized through NRMA and happens automatically with rego. For fully comp, try the companies you have other insurances with as there is usually a multi policy discount which works out quite substantial the more policies you have with them. Even if you are renting, dont forget your contents insurance because a lot of people were caught out by that when their rentals went up in smoke a few years back. Link to comment Share on other sites More sharing options...
ghost Posted May 21, 2012 Share Posted May 21, 2012 We told them we had full no claims and they gave it to us, never had to prove it though! Link to comment Share on other sites More sharing options...
thombatt Posted May 22, 2012 Share Posted May 22, 2012 We told them we had full no claims and they gave it to us, never had to prove it though! That's not where the issue is. The issue is when you have an accident and they ask you to prove it then. If you can't then the insurance co can claim that you did not make full and complete disclosure when the policy was written and repudiate the claim. Link to comment Share on other sites More sharing options...
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