Comprehensive vs Third Party Property Damage Insurance – what’s the difference?

08 November 2024

Need to insure your car? Learn the differences between comprehensive vs third party property damage Insurance so you can get the cover that’s right for you.

What do comprehensive and third party property damage insurance cover?

Bingle's Comprehensive Car Insurance is, well, comprehensive! It can offer cover for accidental loss or damage caused by a range of insured events like driving accidents, theft and weather events (think hail, fire and storms). It also provides cover for accidental damage your car causes to someone else's car or property, with legal liability for damage up to $20 million.*

Bingle’s Third Party Property Damage Insurance, on the other hand, is typically cheaper but only provides liability cover for accidental damage your car causes to another person's car or property.* So if, for example, your car is involved in a collision with another driver, and your claim was accepted, Bingle’s Third Party Property Damage policy will only cover the cost of repairs to the other person’s car (not to your own car).

Compare Comprehensive and Third Party Car Insurance

Is third party property damage insurance cheaper than comprehensive cover?

Bingle Third Party Property Damage Insurance is generally cheaper than Comprehensive cover, as it only provides cover for loss or damage your car causes to someone else’s car or property, not your own. Price aside, you should carefully consider the differences in coverage before deciding which one is right for you and your car. Refer to your PDS for more information.

What kind of cover can Bingle’s Comprehensive Car Insurance give you?

Accidental loss or damage to your car, up to its market value, caused by nature, e.g. fire, hail and storm.*
Accidental damage to someone else's car or property caused by the use of your car, up to $20 million for legal liability.*

With a Bingle Comprehensive policy you can also choose to add the following optional covers for an additional premium:

Windscreen and Window Glass Only cover.
Keep Mobile cover which gives you a hire car while your car is being repaired.
New for Old cover – only for cars less than three years old.

Note, this isn't an exhaustive list of everything that our Comprehensive Car Insurance covers. Also, limits and exclusions apply – refer to your PDS for full details.

What kind of cover can our Third Party Property Damage Insurance offer you?

Up to $20m legal liability for accidental damage to someone else's car or property caused by the use of your car.*

What's the difference between Bingle Third Party and Bingle Comprehensive cover?

Generally, both types of insurance provide cover if your car causes damage to another person's car or property. This could come in handy if you ever hit a fancy sports car – think about how expensive that could be to repair if you were uninsured! But only Comprehensive includes cover for accidental loss or damage to your own vehicle.

How to find the right coverage for you

If you didn’t have a Comprehensive Car Insurance policy, and were involved in an accident with your motor vehicle (assuming that the accident was covered by insurance), could you afford to cover the costs of repairing or replacing your own car? You may be comfortable to cover these costs or you may be more concerned about covering the costs of damage or loss to another vehicle caused by your car. These are some things you may consider when working out which cover is right for you.

Reasons to upgrade to comprehensive car insurance

Bingle Comprehensive Car Insurance may be a good choice for you if you’re looking for insurance that can offer:

cover for accidental loss or damage caused to your vehicle
cover for collisions with wildlife or other vehicles, and
lets you customise your cover with optional extras at an additional cost, like windscreen and glass cover or hire car.*

When considering what may be appropriate cover it's important to compare the Bingle Third Party Car Insurance and Bingle Comprehensive Car Insurance policy documents for more info on both types of cover.