Motor Vehicle Insurance

What is motor vehicle insurance?

This type of insurance will cover your vehicle for almost anything, whether that be theft, fire, accidental damage or third-party damage (even if you’re at fault). We’re able to tailor a package to suit your needs for either the agreed or market value of your car. Not sure of the difference? Market value will cover you for what the insurer estimates your car to be worth at the time of your claim. Agreed value is a total that is determined between yourself and the insurer at the time of purchase.

Should you get it?

If you are financing a car then comprehensive insurance is compulsory. The benefit is if you damage your car (either minimally or beyond repair) and don’t have enough cash to either fix or purchase a replacement then this insurance will cover the cost. Comprehensive insurance gives you peace of mind. 

What's covered?

  • Damage from a collision
  • Theft
  • Vandalism
  • Natural events (fire, storm, flood & earthquake)
  • Accidental damage
Speak to a Essendon Finance consultant about the range of options, benefits, optional covers and discounts.