Australia Car Insurance For Young Drivers

is car insurance compulsory in australia?

Question: in the UK, it is the law for us to have at a minimum of third party insurance which costs the young driver about £750-£1500 a year. whats the situation in australia? primarily in SA. is it as costly?

Answer: If you apply for a car loan, you will be required to have comprehensive insurance. which will cover you for damage to your own car, as well as for any damage you may cause to the property of others. The lender will arrange this for you, or you can arrange your own and give the details to the lender. Insurance is higher for those under 25 If you own the car, you can take out 3rd party insurance, you will be covered only for damage you might cause to someone else’s vehicle or property. 3rd party is cheaper than comprehensive insurance, There is a compulsory 3rd party insurance fee added to the car registratiion fee which provides for compensation for people killed or injured in a motor vehicle accident. This doesn't include cover for any damages to vehicles.

Car insurance for a young driver?

Question: I Live in NSW Australia and I am getting a car for my 16th birthday..I will also only be on my lurners permits (L Plates). I was thinking about getting a 4 scylinder 80s modle celica. but I have been told because its a 2 door sports car the insurance will be verry high for someone who is 16. is this true..and are there any things I realy should know?

Answer: you should try out this site, http://www.8ez.com/e8Jr161cr , they found me the cheapest quotes from all the possible insurance companies in the area.

Cheaper Car insurace companies for newly licenced drivers in Australia?

Question: I have done a few quotes already but was wondering if I have missed any good companies to try? so far I have tried (in order of best pricing to worst) For a $8990 red 1998 VW golf - with me being a learner/almost on my Ps These Indicators are not exact and are dependant on my own conditions and answers as I entered them, In the online quote systems each provides Just Car insurance - med price with low excess even with me being a young driver budget direct - lowest price with excess of medium execess suncorp- lowish price with excess medium excess racq - high price with low excess would not insure me due to car price - aami Companies offering overly high prices or excessive excess + and not worth considering NRMA allianz HBA I am a 22yr old female

Answer: being so young is your problem, for under 25 year old drivers insurance is more costly, I suggest searching for better deals, even thought the few dollars you save may not be worth it.