What is comprehensive car insurance? Comprehensive car insurance offers peace of mind to vehicle owners. Also known as full or complete cover, it means you can be covered for a range of circumstances, including: Repair or payment of the insured value of your vehicle for events including theft, collision, fire, malicious damage and weather-related damage Repair or payment of the value of other vehicles that are damaged by your vehicle in an accident, and damage to property up to the policy limits Some companies offer a variety of optional extras as well, ranging from windscreen protection, to use of hire cars. That said, it's important to always read the Product Disclosure Statement (PDS) of your policy to get a better understanding of policy inclusions, limitations and exclusions.

What is third party insurance? Third party insurance is the minimum car insurance product which most car insurers offer. There are three types available, which are: Compulsory third party (CTP): Covers death and injury to people if you're involved in an accident. Each state and territory has different rules regarding this cover, so it's important you check with your local transport authority for further information Third party property: Covers repair costs for property damage caused by your car up to the limits of the policy Third party property, fire, and theft: Covers damage to other people's property and provides cover for theft of your vehicle, or damage to your vehicle caused by fire up to the limits of the policy Ensure you review the Product Disclosure Statement for policy inclusions, limitations and exclusions. Why is car insurance often more expensive for younger drivers? The amount you pay for car insurance ultimately depends upon how risky the insurance company thinks you are to insure. A number of factors can contribute to this, including your location, your driving history, and your age. According to the Transport Accident Commission (TAC), young drivers in Victoria are almost four times more likely to be in a car accident, which results in a serious injury or crash, than more experienced drivers. Factors like this may increase the car insurance premium for young drivers.