Third Party Car Insurance

Third party property damage insurance is a policy designed to help if your car causes damage to someone else’s vehicle or property. GIO Third Party Property Damage covers your legal liability for damage caused by your car, up to $20 million.

It does not cover damage to your own car (except for certain incidents if you have Fire, Theft and Third Party cover). For that, consider GIO Comprehensive Car Insurance.

It’s also different from Compulsory Third Party (CTP) Insurance (known as Green Slip in NSW or Motor Accident Injury Insurance in ACT), which is mandatory for registered vehicles and covers injuries to people, but doesn’t cover damage to cars or property.

Whether third party car insurance is worth it depends on your circumstances and needs.

If you only want to cover damage that may be caused by or due to the use of your vehicle, rather than damage to the car itself, then third party car insurance may be of interest to you.

Yes, GIO Third Party Car Insurance covers damage to other people’s cars and property caused by the use of your vehicle.

It can also cover legal liability for the loss or damage caused, up to $20 million.

Third Party Car Insurance only covers damage your car causes to other people’s vehicles or property, while Comprehensive Car Insurance covers that plus loss or damage caused by insured events to your own vehicle.

GIO Comprehensive Car Insurance offers broader cover, including cover for:

• accidental collisions
• theft and attempted theft
• fire, including bushfire, and
• weather events like storms, floods or hail.

GIO Third Party Car Insurance covers much less. It covers:

• liability for damage caused to other people’s vehicles and property.

With the GIO Fire, Theft and Third Party Property Damage policy, damage to your vehicle caused by fire and theft is also covered. Regular Third Party does not cover damage from fire or theft.

For more information, including terms, conditions and exclusions, read the Policy Disclosure Statement.

Whether you need third party car insurance depends on your circumstances. It isn’t compulsory (you may be thinking on Compulsory Third Party (CTP) Insurance), but may be relevant if you have a vehicle which you want to have insured for damage it may cause to other people’s vehicles or property.

If your number plate changes, please contact GIO as soon as possible.

We cover legal accessories and modifications fitted to your car, with a few exceptions. Contact us for more information.

These exclusions include:

• custom or specialised paint work (unless it was manufactured this way)
• nitro or hydrogen fuel
• petrol turbo or supercharger
• roll bar, roll cage or racing harness.

Third party car insurance covers your liability if you cause damage to someone else’s property while driving. This typically includes damage to

• other vehicles
• buildings
• fences, or
• other people’s belongings.

It does not cover damage to your own car (except for fire and theft included with Fire, Theft and Third Party Property Insurance). It’s designed to help protect you from the financial impact of having to pay for repairs or replacement of someone else’s car or property if you’re at fault in an accident.

Third party car insurance doesn’t have a fixed price.

The cost can vary depending on factors like your:

• age
• driving history
• where you live
• the type of car you drive, and
• how you use your vehicle.

The best way to find out how much it will cost for you is to get a quote tailored to your situation.

Third party property damage insurance is not compulsory in Australia. While it’s optional, it can be valuable as it helps protect you from potentially significant costs if you damage someone else’s car or property.

Compulsory Third Party (CTP) Insurance (also called Green Slip in NSW and Motor Accident Injuries (MAI) policy in ACT) is required by law. CTP covers injuries or death caused to other people in a motor vehicle accident, but it doesn’t cover damage to vehicles or property.

Third party fire and theft insurance includes everything covered by GIO Third Party Property Damage insurance, plus additional protection for your own car in specific situations.

This typically includes cover if your car is:

• Accidentally damaged or destroyed by fire.
• Stolen or damaged due to theft or attempted theft.

It still does not cover accidental damage to your own car from events such as collisions. For that level of cover, you may want to consider GIO Comprehensive Car Insurance. For a full list of inclusions and exclusions, read the PDS.