In the ACT, your car is legally required to have Motor Accident Injuries (MAI) insurance. It’s a type of compulsory personal injury insurance that allows anyone injured in a car accident to receive treatment, regardless of who was at fault.15
But MAI insurance doesn’t cover damage to cars or property – for that, you might like to explore other insurance policy types such as a comprehensive or a third party car insurance policy.16
If you’re after more cover – for example, if your car’s stolen,3 your car’s damaged in an accident,6 or is damaged by an extreme weather event,6,7 – we’ve got options that could work for your lifestyle and budget.
Take a closer look at Youi’s Third Party Property Only, Third Party Fire & Theft and Comprehensive car insurance policies to see what’s included for drivers in the ACT. For full details, read our car insurance PDS.
Motor Accident Injuries (MAI) insurance is a type of compulsory personal injury insurance that allows anyone injured in a car accident to receive treatment, regardless of who was at fault.15
If you own a motor vehicle in the ACT, you’re required by law to purchase a MAI insurance policy as part of your motor vehicle registration.16
While MAI insurance is compulsory and covers injuries to people caused by car accidents, you may want to consider separate insurance, such as a comprehensive or third-party insurance policy, if you want to cover vehicle damage.16
Take a closer look at Youi’s Third Party Property Only, Third Party Fire & Theft and Comprehensive car insurance policies to see what’s included for drivers in the ACT. For full details, read our car insurance PDS.
At Youi, we offer three different levels of car insurance in the ACT.
- Comprehensive car insurance – Covers your car for theft,3 certain types of severe weather events,6,7 and intentional and accidental damage,6 even if a car accident is your fault. It also includes cover for damage your car causes to other people’s cars and property.8
- Third Party Fire & Theft – Includes cover for your car for fire damage4,7 and theft,4 as well as your legal liability if you damage someone else’s vehicle or property.8
- Third Party Property Only – Covers damage to someone else’s vehicle or property,8 but doesn’t cover your car for damage.
The cost of ACT car insurance depends on a few key factors, such as.
- Your age – if you’re under 25, you may be considered riskier to insure, which could mean higher insurance premiums.
- The type of car you drive – its age, market value, condition and even colour might impact the cost of insurance.
- Your personal driving record – how long you’ve held your licence for and any demerit points you’ve incurred could affect your insurance premiums.
- Your location – where you live and where your car is usually parked (for example on the street, in a garage or in a driveway), can make a difference to your car insurance premiums.
- The cover you choose – from Third Party Property Only to Comprehensive, the level of cover you choose also affects the cost of insurance.
- How you use your car – whether it’s for private use or for business may also impact your insurance premiums.
To get a better idea of how much motor vehicle insurance in Canberra and the ACT might cost you, consider starting a car insurance quote online.
If you want to compare car insurance quotes in the ACT from different insurers, there are a few steps you can take to increase the likelihood of getting an accurate comparison.
- Check for comparable cover – as well as making sure each quote is for the same type of policy or level of cover, compare the inclusions and exclusions and optional covers you might want to add.
- Double check the details – car insurance premiums depend on a variety of factors including who will drive your car and where it’s usually parked. Make sure you’ve used the same information to generate each car insurance quote you’re comparing to get a more accurate picture of potential costs.
- Use the same excess – choosing a higher car insurance excess, which is the amount you pay when you make a claim, may result in lower insurance premiums. So, when you’re comparing car insurance quotes, try to make sure the excess amount selected is consistent.
As our highest level of car insurance in Canberra, Comprehensive insurance includes cover for your car if it’s stolen3 or damaged by an extreme weather event,6,7 as well cover for intentional and accidental damage6 – even if a car accident is your fault.
It also includes cover for damage your car causes to other people’s cars and property in an accident.8
It depends on the level of third party car insurance that you choose.
- Third Party Fire & Theft – Includes cover for your car for fire damage4,7 and theft,3 as well as your legal liability if you damage someone else’s vehicle or property.8
- Third Party Property Only – Covers damage to someone else’s vehicle or property,8 but doesn’t cover your car for damage.
Areas prone to severe weather, such as the extreme weather event that brought large hail to the ACT in January 2020,17 can experience increases in insurance premiums.18
However, according to the Insurance Council of Australia, insurance premiums have risen as a result of extreme weather events all over Australia in recent years, regardless of whether or not a particular community is directly affected or exposed to extreme weather.19
Lodging insurance claims with Youi is simple, thanks to our 5-step process. Here’s what you can expect.
Step 1: Lodge
Claims can be lodged over the phone or anytime online. You’ll need your policy number and information about the incident, including what happened, where and when.
Step 2: Assess
We’ll evaluate the damage, outline what happens next, provide regular updates and let you know if your claim is accepted.
Step 3: Action
If your claim’s given the green light, we’ll move forward with arranging repairs, depending on your level of cover.
Step 4: Track
Keep tabs on your claim with our online tracker so you’re never left wondering what’s happening or what comes next.
Step 5: Resolve
Once repairs are complete and your claim is settled, we’ll close the file.
