compare car insurance nsw gov woolworths

Unsurprisingly, this applies to all car insurance types, even comprehensive. Under the influence: Third-party property insurance won’t cover you driving while breaking the law, which includes being under the influence of drugs or over the legal alcohol limit.It also won’t cover any of your property if it’s stolen from your car or damaged in an accident. Damage to your vehicle: Third-party property insurance won’t cover damage to your own car in the event of an accident.Some examples of exclusions on a third party policy may include These are spelt out in detail in the product disclosure statement with each policy-this can be quite a list, so be sure to read them carefully. But this doesn’t always equal to a discount on your premium, so it’s worth shopping around.Īs with all insurance policies, there are other exclusions you should be aware of when taking out Third Party Property Insurance. Insurers sometimes offer a no-claim bonus, which rewards you for maintaining a claim-free driving history. 4Ī safe driving record may give you a discount on your premium, 5 as insurers often see less risk in insuring you. Keeping your car standard by avoiding modifications may help you save money on your insurance – particularly if you’re opting for an uninsured motorist extension on your third party property policy. Otherwise, you may find yourself with a nasty bill if you have an accident that’s your fault.

It can be tempting to opt for the highest level of excess to reduce your premium as much as possible, but make sure you’ll be able to afford the excess payment if you ever need it. By choosing a higher excess, you’ll pay more in the case of a claim, but your premium is usually lower.

You can choose to opt for different levels of excess. Ways to save on Third Party Property Insurance Knowing and understanding these factors could help you save money by making choices that can positively influence your premiums. See the question below on motorcycles.How are Third Party Property insurance premiums calculated?Īs with all insurance policies, insurers consider a range of factors to determine your third-party property premium. Instead, injured motorcycle riders will get more benefits and their prices will remain similar to what they are now. *Motorcycle owners will not receive a refund. That is, the closer you purchase a policy to 1 December, the greater your refund will be. The refund will apply to the owner of the vehicle as at midnight 30 November and will be calculated on a pro-rata basis. These are based on average premiums by vehicle class and the month the Green Slip was purchased. So, if you purchase or renew your Green Slip before 1 December you may have paid pre-reform prices.

If you were the registered owner of a private vehicle as at midnight 30 November 2017, you may be able to claim a CTP Green Slip refund for insurance policies bought or renewed before 1 December 2017.ĬTP Green Slip prices were reduced for most classes of vehicles* from December 2017 when the new scheme started. Under a reformed CTP scheme the average price of a Green Slip will be reduced by more than $100. Enter your bank details, review and submit your claim.Ĭlaim online Top 10 Sydney suburbs for most unclaimed moneyĮligible motorists will be refunded part of their 2017 Green Slip under the NSW Government's new compulsory third-party insurance plan. Follow the prompts to claim a CTP refund.Ĥ. Log into or create your MyServiceNSW Account.ģ. A one off cash injection into the bank account of up to $120 will go a long way to helping the family budget and it would be a shame for people to miss out.”Ĭlaiming a refund is simple and easy and can be done via Service NSW either online, over the phone or in store. NRMA spokesperson Peter Khoury said: “We’re urging all motorists to take a few short minutes to get online or call the number, and get their refund if they are eligible. Following that, any unclaimed money will go towards reducing Green Slips, by lowering the motor accidents levy. In July the NSW Government revealed that 2.8 million policyholders have already claimed $156 million, with the deadline for claiming a refund extended one final time from 30 June to 30 September 2019. The NRMA is urging all NSW motorists to check their eligibility for a CTP Green Slip refund, with figures released in August showing 700,000 policyholders yet to claim $29 million in refunds. CTP Green Slip refunds extended to 30 September

Compare car insurance nsw gov woolworths