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Vehicle Insurance

We offer a range of vehicle insurance products to protect you, your family and your new vehicle whether that’s a car, bike, caravan, boat or jet-ski.

Various types of vehicle insurance can be obtained providing different levels of cover depending on your requirements.

We can also include your premium into your car loan repayment; this means that once it’s set up you don’t need to think about it again! Cover can be arranged online and over the phone within minutes.

We can arrange for motor comprehensive policies that cover the following:

  • New vehicle replacement for 3 years / 100,000kms.
  • Multiple drivers or Restricted driver policies
  • Lifetime Guarantee on authorised repairs
  • Pay monthly or yearly
  • Towing assistance after an accident
  • Agreed or Market value
  • Windscreen or window cover up to $500
  • Personal Items cover up to $500
  • Hire car after Theft up to 14 days
  • Up to $,1000 to replace keys and or locks if they have been lost, damaged or illegally copied. Nil excess payable
  • No claim bonus rating based on years driving
  • Different excess levels available
  • Cover for loss or damage to other property

Discounts apply for no claim bonuses accrued with other motor insurers. Compare our quote with other lenders and find out for yourself which policy offers value.

What is Gap Insurance?

Also known as Shortfall Insurance, this is another popular and relatively cheap form of cover that can be a wise investment.

If your car has been written off, stolen or damaged beyond repair there may be a shortfall between the amount you owe on your car and what your insurer will pay out.

The market value of the vehicle is assessed by your insurer at the time of the claim. If the amount they agree to pay is less than the balance outstanding on the loan then you will have to pay the difference (known as the ‘gap’) to the lender, which can amount to thousands of dollars.

Gap insurance will protect you against this financial burden. There are 3 levels of cover we offer: a ‘gap’ of $10,000, $15,000 and $30,000.

There are also options for “extra’s cover” for any additional costs due to the inconvenience of the total loss, such as registration & insurance costs for the replacement vehicle.

Why does the ‘gap’ occur?

When you purchase a car there are a number of additional costs on top of the price of the car. This includes things like registration, stamp duty and motor insurance.

If you include these items in your car loan you will have a higher loan amount than what the car is worth if you provide no deposit or trade in at purchase.

This means that if you had to make an insurance claim on the day you bought your car there would be an immediate shortfall. Couple this with any depreciation that might occur on the car over time and you could be left with a large shortfall.

Do I have to pay a premium every year?

No, you only pay the premium once and you are covered for the duration of your loan.

Extending the warranty on your car will give you peace of mind knowing that you have complete protection for any mechanical, electrical or other repairs required for your vehicle and this can be purchased for cars, caravans, motorbikes, boats and jet skis.

The extended warranties we provide enable you to choose your level of cover depending on your vehicle type, driving requirements and the period of cover that you require. Additionally, we do not require you to regularly service your vehicle at a particular location.

Our vehicle protection packages stand in place of a motor vehicle new car warranty and, unlike other warranties, cover nearly all vehicle components, including:

  • Engine
  • Transmission
  • Differential Cooling System
  • Electrical
  • Braking
  • Steering
  • Air-conditioning
  • Clutch
  • Fuel Pump and Injection System
  • Drive Shafts, CV Joints, Universals
  • Turbo
  • Electronic Ignition Components
  • Electronic Solenoids and Computers
  • ABS Braking System
  • Cylinder Heads
  • Radiators
  • Power Window Motors & Switches
Vehicle Insurance

“It has been very ‘painless’.”

Blackwood Partners Accounting

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