First of all there are several types of car insurance and for your benefit you may refer to them below:

CTP / Green Slip Insurance also known as Compulsory Third Party Insurance is the most basic kind of insurance required by the law. It offers the essential coverage against any claims for compensation if you just happen to accidentally injure or kill someone in an automobile accident.

If your car is not worth a lot of money it may be recommended for you to take out compulsory third party insurance only. However, you must remember that this kind of insurance does not cover damage to other persons' property. So if you run into a very expensive car your insurance will not cover the costs.

Third Party Property is the least costly coverage, it will cover the damage that you cause to another care and it also may include limited coverage for damage caused to your own car by an uninsured driver.

Third Party Property, Fire and Theft happens to be just that - it covers you if your car happens to be stolen or caught on fire.

Comprehensive Car Insurance is the elite coverage option and because of that it is also the most costly option. It absorbs the cost of crash repair and replacing your car, even if you are at fault.

You can save lots of money by shopping around for comprehensive car insurance. For example it costs $250 for claim-free adult drivers, $460 if you have made a claim, $870 for a family with a teen or young driver and $1,650 for a young or teen driver alone. There are other was to save on the premium as well for instance you may want to choose a higher excess or a NCB (No Claim Bonus) can reach discounts of up to seventy percent if you have been claim free for up to six years to be entitled to the maximum no claim bonus. You can also save money by nominating drivers or setting an age limit, keeping drivers under a certain age, usually 25 from driving your car. You may also be entitled to discounts if you have another policy with the exact same company, if you're a long-term customer or if your car happens to have an immobilizer.