VEHICLE INSURANCE
Whether you’re zipping around the city in a small car or motorbike, taking your SUV off-road on the weekends, delivering goods in a truck, or driving a sleek luxury model, you depend on your vehicle for freedom and flexibility. So, it’s great to know that if it gets damaged or is written off, you can have the cover you need to get you back on the road as soon as possible. Motor insurance includes a range of covers to suit every driver and vehicle type, and can be paid annually or by the month. Package your vehicle insurance with your home and contents insurance.
“More than half of Australian drivers narrowly avoid a car crash at least once a month, while 18% of drivers said they experienced close calls on a weekly basis.”
Motor insurance can cover your motor vehicle against accidental damage and theft. It can also protect you from the financial costs of repairing or replacing another person’s vehicle in an accident where you’re at fault. Under a Steadfast motor insurance policy, you can generally choose to insure your car for an agreed amount, or for the market value of your vehicle- up to $150,000. Above $150,000 will be considered on referral.
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If your car is damaged in an accident where you’re at fault, having comprehensive motor insurance helps to pay for repairs – or can replace it all together if your car is written off. If your car is stolen, comprehensive motor insurance can pay you the agreed or market value, so you can buy another car. Third party property damage (TPPD) insurance – can cover the costs you may be liable to pay if you are at fault and damage or write off someone else’s car – is also available as a standalone policy. However, if you only have this cover, there’s no cover for any damage to your own car.
THE EXACT COVER THAT YOU CAN RECEIVE DEPENDS ON THE POLICY THAT YOU TAKE OUT. HERE ARE SOME OF THE BENEFITS A STEADFAST MOTOR INSURANCE POLICY MAY INCLUDE:
â–º Replacement of a lost or stolen vehicle
â–º Cover to help pay for the damage you’ve caused to another person’s vehicle
â–º Cover for the cost of a rental care if your car needs repairing or gets stolen
â–º A replacement of the same make and model for new cars that are written off within three years
â–º Legal liability cover
â–º Re-keying or re-coding of vehicle keys that are stolen.
56,184
56,184 motor vehicles were stolen in 2016/2017.
$541.3 MILLION
$541.3 million was the cost of motor vehicle theft in the financial year 2016/2017.
1/5
1/5 of car owners risk not having the insurance they need because they don’t read their policy document.