What are the different types of car insurance?

Budget Direct offers four types of car insurance cover:

  • Comprehensive Car Insurance covers loss or damage to your car due to an accident (regardless of who’s at fault), severe weather, fire, vandalism, and theft; and your liability for accidental damage your car causes to other people’s property (e.g. their car and home). Read more
  • Third Party Property Car Insurance covers your liability for accidental damage your car causes to other people’s property (e.g. their car and home). It does not cover damage to your car (unless it’s damaged in a no-fault accident with an uninsured driver, in which case your car has limited cover). Read more
  • Third Party, Fire and Theft Car Insurance provides the same protection as Third Party Property Car Insurance, plus cover for loss or damage to your car if it’s stolen or catches fire – but not if it’s damaged in a crash. Read more
  • Compulsory Third Party (CTP) Insurance covers compensation claims made against you for injuring or killing someone in an accident. It does not cover damage to your car or other people’s property (e.g. their car and home). We offer CTP, or ‘green slip’, insurance to NSW residents only. Read more

The type of cover you have is shown on your car insurance certificate and in your online account.

Compare Budget Direct car insurance

At a glance

Type of insurance

Damage to your car

Damage to other people’s property

Theft of your car

Injuries or death to other people

Comprehensive

Yes

Yes

Yes

No

Third Party Property

At-fault uninsured driver only

Yes

No

No

Third Party, Fire and Theft

Fire, theft, and at-fault uninsured driver only

Yes

Yes

No

Compulsory Third Party

No

No

No

Yes

Which insurance covers loss or damage to my car?

Our comprehensive car insurance policy covers loss or damage to your car due to an accident (regardless of who’s at fault), severe weather, fire, vandalism, and theft.

Which insurance covers damage to someone else's car?

Our comprehensive and third party property policies all cover your liability for accidental damage your car causes to other people’s property (e.g. their car and home).

Which car insurance is compulsory?

All vehicles in Australia must have compulsory third party (CTP) insurance before they can be registered and legally driven on the road.

See more questions about CTP insurance

Which car insurance provides the most protection?

Of Budget Direct’s four types of motor-vehicle cover, our comprehensive car insurance, as its name suggests, provides the most protection.

It covers not only your liability for the damage your car causes to other people’s property, including their vehicles, but also damage to your car

What's the difference between third party property and compulsory third party (CTP) insurance?

Third party property insurance, which is voluntary, covers your legal liability for damage your car causes to other people’s property, including their car. (It’s also known as third party property damage insurance.)

CTP insurance, which is compulsory, covers your legal liability for injuring or killing someone else in a motor accident.

What would be the point in having third party property insurance, which does not cover damage to my car due to collision?

If your car has a low market value, you may decide that third party property cover is adequate.

In other words, you may decide it’s not worth paying a higher premium for comprehensive car insurance as, over time, it could outweigh the cost of replacing your car if it was damaged in an accident.

Also, although third party property insurance does not cover damage to your car, it does cover your liability for damage your car causes to other people’s property, saving you having to pay their potentially expensive repair bills.

Note that Budget Direct third party property insurance does provide limited cover – up to your car’s market value or $5,000, whichever is the lesser – for damage caused to your car by an uninsured driver.

No – that level of protection is provided by comprehensive car insurance.

Get a car insurance quote online