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A new family can come with new surprises. But that shouldn’t mean you have more
things to worry about. When you buy a new ride, finding the best car insurance to suit your
family’s needs means you won’t lose extra sleep worrying about protecting it.
You’ve got kids now who can take care of all your sleep deprivation needs.
Taking care of your new bundle of joy
New car? The only thing better than that new car smell, is sniffing around your current car
insurance policy to make sure you’ll be covered if something goes wrong. Take a look at your
current policy and make sure it still works for you now that you’ve got a new family car.
Will third party car insurance be enough for my new family?
You might currently have third party property only insurance. But now that you’ve invested in a new car, you might want to be covered for a little more than before. When deciding what car insurance is right for you and your family, you might choose between:
- Third party property only car insurance
- Third party property, fire and theft car insurance
- Comprehensive car insurance
The best car insurance for your family will depend on what you want to have covered. Let’s break down what each different type covers.
Third party property only car insurance
If you’re in an accident, third party property only insurance will cover you for damage to someone else’s car or property. But if there’s damage to your car, you will need to cover the repairs yourself, from the family funds (that we’re sure are already in high demand).
What about third party property, fire and theft car insurance?
Third party property, fire and theft insurance covers damage to someone else’s car or property if you’re in an accident, plus it also covers if your car gets stolen or catches fire.
Comprehensive car insurance
Comprehensive insurance covers damage to your car, plus damage to someone else’s car or property.
Some car insurance companies will even include extra cover on things for families within their comprehensive policy. Like say if a thief was in the market for a baby capsule and took yours, your car insurance company might actually cover it as an added benefit to protect your personal items. Check with your car insurance company to see what you’ve got included.
What is the best car insurance for a family to have?
It’s only natural that you might be drawn to car insurance quotes that are easy on the wallet.
After all, you’ve got an extra mouth to feed now. But cheap car insurance might not always be the best option. Always check out the Product Disclosure Statement to see exactly what the policy covers and make sure you’ve got something that’ll ensure you stay as worry-free as you were before you had kids.
ING Car Insurance is issued by Auto & General Insurance Company Ltd ABN 42 111 586 353 AFSL 285571 as insurer. It is distributed by Auto & General Services Pty Ltd ABN 61 003 617 909 AFSL 241411 (AGS) and by ING Bank (Australia) Ltd ABN 24 000 893 292 as Authorised Representative 1247634 of AGS. ING is a business name of ING Bank (Australia) Ltd (ING). ING Roadside Assistance is a product issued by AGS. ING promotes this product under an arrangement with AGS.
ING will receive a commission from AGS for each policy purchased (which is a percentage of the premium). For further details see the Financial Services Guide.
ING Insurance policies and ING Roadside Assistance products do not represent a deposit with or liability of, and is not guaranteed or otherwise supported by, ING or any of its related bodies corporate.
ING Car Insurance and ING Roadside Assistance are only available for approved applicants and subject to ING’s Customer Eligibility and Name-Screening Assessment. With ING Car Insurance, AGS ‘ underwriting criteria applies and car details are checked against information available on Red Book.
Information in this article is general information only, and does not take into account your particular objectives, financial situation or needs and needs and you should consider whether it is appropriate for you having regard to these factors before acting on it. Conditions, limits/sub-limits, waiting periods, exclusions and excesses apply. Read the relevant Product Disclosure Statements, Target Market Determination, Premium, Excess and Discount Guide (PED), Roadside Assistance Terms and Conditions (service provided by AGS), Financial Services Guide and the ING Customer Eligibility and Name-Screening document and consider if the product is right for you before deciding to purchase or continue to hold the product(s).
The price we quote is at the insurer’s sole and unrestricted discretion. It is based on the profile of the risk to be covered and any other factors the insurer may choose. These factors may change at any time without notice, as may the prices. If the policy renews, the price may exceed the price paid for the previous policy. Premiums are subject to change. You will be responsible for all applicable GST and other statutory charges.
The information is current as at publication. Any advice on this website does not take into account your objectives, financial situation or needs and you should consider whether it is appropriate for you. Deposit products, savings products, credit card and home loan products are issued by ING, a business name of ING Bank (Australia) Limited ABN 24 000 893 292, AFSL and Australian Credit Licence 229823. Living Super, a sub-plan of OneSuper ABN 43 905 581 638 is issued by Diversa Trustees Limited ABN 49 006 421 638, AFSL 235153 RSE L0000635. The insurance cover offered by Living Super is provided by Metlife Insurance Limited ABN 75 004 274 882, AFSL 238096. ING Insurance is issued by Auto & General Insurance Company Limited (AGIC) ABN 42 111 586 353 AFSL Licence No 285571 as insurer. It is distributed by Auto & General Services Pty Ltd (AGS) ABN 61 003 617 909 AFSL 241411 and by ING as an Authorised Representative AR 1247634 of AGS. All applications for credit are subject to ING's credit approval criteria, and fees and charges apply. You should consider the relevant Product Disclosure Statement, Terms and Conditions, Fees and Limits Schedule, Financial Services Guide, Key Facts Sheet and Credit Guide available at ing.com.au when deciding whether to acquire, or to continue to hold, a product. Before interacting with us via our social media platforms, please take a minute to familiarise yourself with our Social Media User Terms https://www.ing.com.au/pdf/Social_Media_User_Terms.pdf.
