Car Insurance

Yes most insurers encourage their policyholders to accept a higher excess in consideration for a reduced premium as a higher excess structure reduces their claims handling expenses. There are usually a range of excess options available with a scale of discounts applicable.

Question: What happens if my car is wrecked in an accident?

Answer

We can cover you for a new replacement vehicle if it written off with the first 3 years of initial registration. For an older car, you would receive what is called the “market value” of the car which is the cost of replacing the vehicle with an equivalent replacement one in the same condition and usage. Alternatively, you can buy an agreed value policy for a slightly higher premium that guarantees the amount you will receive in the event of a write-off. Our policies also provide a special benefit which pays an additional amount if your car is under finance and the write-off claim amount is less than finance amount owed.

Question: My son / daughter has their Learners permit, can they drive my car?

Answer

Yes a young learner can drive your car but in the event of an accident there would be an inexperience &/or under 25 years of age excess applicable in addition to the basic excess payable. Once the learner has a provisional license, he or she must be disclosed on your policy as a possible driver, otherwise an “undisclosed driver” additional excess would be payable in the event of a claim. It is important that they be listed as a regular driver if so because they can then accumulate their own “no claim bonus” entitlement.

Question: My friend has the same car as me but their premium is much cheaper?

Answer

There are many premium rating factors that affect the amount payable for a car insurance policy so just because someone has the same type of car, the premium is not necessarily the same.

Question: Can I choose to have a higher excess for a claim to save money?

Answer

Yes most insurers encourage their policyholders to accept a higher excess in consideration for a reduced premium as a higher excess structure reduces their claims handling expenses. There are usually a range of excess options available with a scale of discounts applicable.