Keeping your vehicle protected

What is Motor Insurance?

Motor insurance can cover your motor vehicle against accidental damage and theft. It can also protect you from the financial cost of repairing or replacing another person’s vehicle in an accident where you’re at fault.

Generally, you can choose to insure your car for an agreed amount for the market value of your vehicle – up to $150,000. Above $150,000 will be considered on referral.

Why do I need it?

If your car is damaged in an accident where you’re at fault, having comprehensive motor insurance helps to pay for repairs – or can replace it altogether if your car is written off.

If your car is stolen, comprehensive motor insurance can pay you the agreed or market value, so you can buy another car.

Third party property damage (TPPD) insurance – can cover the costs you may be liable to pay if you are at fault and damage or write off someone else’s car- is also available as a standard policy. However, if you only have this cover, there’s no cover for any damage to your own car.

”More than half of Australian drivers 58% narrowly avoid a car crash at least once a month while 18% of drivers said they experienced close calls on weekly basis”

Many people think it wont happen to them, but statistics show otherwise. In fact


56,184 Motor Vehicles were stolen in 2016 / 2017. (, 2017)



$541.3 million was the cost of motor vehicle theft in the financial year 2016/2017. (, 2017)


Car owners risk not having the insurance they need because they don’t read their policy document. (Insurance Council Australia, 2017)

What does a Motor Insurance Cover?

Motor vehicle insurance provides you with extensive protection if your vehicle suffers loss or damage. And unlike some other policies the Steadfast Motor Direct insurance automatically includes some additional benefits with your cover

Potential Benefits

  • Cover to help repair or replace your vehicle if its damaged or stolen
  • Cover to help you pay for damage you cause to another person’s vehicle
  • A replacement of the same make model if your new vehicle is written off within three years and has less than 60,000 kilometres
  • Choice of your own repairer or one from our preferred repairer panel
  • Repair guarantee for materials and workmanship on authorised repairs
  • Re keying and re coding of vehicle keys if they are stolen
  • Cover for the cost of a rental car for up too 14 days, if your car is stolen
  • For financed cars, cover for 50% of the differnce of the finance gap between the insured value and the vehicle’s contract residual value following a total loss.
  • A automatic 21 days’s cover on replacement vehicles
  • Up to 30 million of legal liability cover
  • the option to include one excess free windscreen claim per year
  • the option to include hire car cover following a accident
  • No additional excess for young drivers if they ate named on the policy

*these benefits are for the Steadfast motor product only

What Usually Isn't Covered?

Each policy is different, but generally you wont be covered if the vehicle is

  • Being driven by an unlicensed driver
  • Being Driven by you or any other person while under the influence of any drug or alcohol
  • Being used in any motor sport or time trial

There are exclusions which we can outline for you with the selection of insurer that it determined to be the best option upon the individuals requirements.

In addition, there is a deductible / excess.

Case study

On her way home from work, Sylvia was involved in a minor accident with SVU, which was her fault. While the other car had a minor scratch, her car had some serious damage.

After pulling over, Sylvia contacted her insurance broker who took some details and arranged for her to be towed and accessed. Because her policy also contained a rental car inclusion, they helped Sylvia arrange a hire car so that she could get to work while her car was off the road.

An assessor contacts her the next day, letting her know that her car could be fixed and that her insurance would cover the cost. They arranged to have it repaired at her smash repairer of choice. While she was waiting for her car to repair, Sylvia had access to the rental car – with the cost also covered by her policy.

Product disclosure Statement
A PDS is available from us once the insurer has been selected. You should consider the PDS in deciding whether to acquire, or to continue to hold.

Important note: This information is provided to assist you in understanding the terms, implications and common considerations with this type of insurance. It does not constitute advice, and is not complete, so please discuss the full details with us.

Get in Touch Today to see how we can help.