3rd Party Insurance

This is the cheapest and most basic form of insurance cover.

Protects the insured driver against a demand for the cost of accidental damage to another’s property.

For example, if the brakes aren’t what they used to be and your 10 year old magna rear ends a new Mercedes E Class you wont have to fork out thousands of dollars to pay for the repairs to the other car. Liability cover for damage to the other people’s car or property usually ranges between $5 million and $20 million depending on the underwriter. Compulsory third party is what you pay as part of your registration fees which covers you against any injury or medical claims if you are at fault in an accident. Like it says, it is compulsory and you don’t have any choice in paying this.

It all sounds fairly simple but with over 100 insurance companies offering comprehensive automotive coverage in Australia, there is a vast difference in what is covered, conditions of repair and replacement and extra features not to mention premiums from one policy to the next.

It is definitely worth your while getting a quick quote. National Loans Solutions has full accreditation with some of the largest insurance companies in Australia. Our highly trained staff will find the best solution to meet your needs.