When it comes to selecting quality vehicle insurance Geelong residents should know that it’s not a case of “one size fits all”.
Instead, it’s a matter of finding a quality policy that best meets your specific needs and circumstances. And for many on the hunt for vehicle insurance, that search can be confusing with the large variety of options in the marketplace.
So what factors should you take into account when searching for the most suitable cover at the best available price?
One of the first things to consider is what you are actually wanting to insure. Is it a new luxury vehicle for private use, a second-hand car, a motorbike, caravan or fleet of vehicles that are vital for your busy commercial business?
You also need to ask yourself how basic you want your cover to be. For example, if your car breaks down do you want the reassurance of a policy that includes a rental car for a week or so? Or are you happy to source and pay for temporary transportation yourself?
At Konnect Financial Services, our experienced brokers have been helping people find quality vehicle insurance for years and we know the level of cover has to comfortably fit your circumstances.
While everyone must have Compulsory third party insurance, other main types of vehicle insurance in Geelong are:
- Third party property insurance – which covers any repair costs to property that your vehicle may damage;
- Third party property, fire and theft – insurance that protects you in regards to damage to other people’s property. It also provides a level of cover if your vehicle is damaged by fire or theft;
- And comprehensive car insurance, provides cover for damage to your vehicle and property owned by others if your vehicle is in an accident. Also covers your vehicle for fire and theft.
You should ask whether the insurer offers discounts for multiple policies and whether they reward people who don’t make claims.
Make sure you know what your excess is with each policy you are considering. The bigger your excess, which is the amount you pay when making a claim, the lower your premium. With that in mind, you could consider upping the excess for a lower policy cost.
While comprehensive insurance might be the top pick when it comes to delivering peace of mind and wide-reaching cover, it’s still necessary to make sure the insurance is tailored for the vehicle in question. Say you drive an old, second-hand vehicle that’s nearing the end of its working life, then comprehensive insurance might not be the best fit. Taking out third party property might be a better solution to your circumstances.
It’s also worth finding out whether you can choose your own mechanic in the case of an accident. And, if you do ever have to make a claim, what sort of effect it will have on your premium?
Where you use your vehicle is also a consideration when it comes to insurance. If you are expecting to drive off-road, then just check that you’re covered for that activity to avoid any nasty surprises if you have to put in a claim.
Whatever you decide when it comes to vehicle insurance in Geelong, it is also vital to make sure you are honest with the information you give your insurer. The last thing you want is for a claim to be rejected down the track.
Whether you want cover for a commercial vehicle fleet or the family car, contact the friendly team at Konnect Financial Services to secure insurance that suits your budget and your needs.