Why do I need car insurance?
Of course, it's up to you whether you want to take up car insurance. But here are some points to keep in mind.
Even if you think you're a safe driver and unlikely to get in an accident, it's best to expect the unexpected. After all, who plans to get into a car accident? And just because you drive carefully, it doesn't mean those around you will drive the same way. For example, you might come back from the shops to find someone's dinged your car and not left a note.
Weather is also an unpredictable factor when it comes to cars. You might park outside on a sunny afternoon only to have a hailstorm hit later and cause significant damage to your car.
Car theft, malicious damage and break ins are other unfortunate incidents that can occur.
In these instances, Bingle Comprehensive Car Insurance would cover the cost of repairs or replacing your car (up to the market value)1. For full inclusions and exclusions, please refer to the PDS.
It's good to keep in mind that comprehensive car insurance isn't just for covering your car. It also gives you cover for damage to other people's property if you are at-fault in an accident (up to $20m in legal liability). Both our Comprehensive Car Insurance and Third Party Car Insurance policies include cover for accidental damage caused to other people's cars and property – so even if you don't want or need cover for your car, you may want to at least consider Third Party Car Insurance cover.