Hi
My friend has moved to australia 5 months back. He bought a car yesterday and tried to get a quote on compare the market website but most companies say we can not offer the insurance. I am not sure why.
He is 24 and has overseas license with driving experience of 3 years.
Racv gave the quote of $136 over the phone.
Any suggestions on insurance companies welcome. Thanks
As far as I am aware, all the major national providers will provide him with insurance and the price won't be much difference compared to someone on a similar age with a Australian License. Do note that a lot of insurance companies have a additional age excess or a driver without Australian license excess. So his claims are going to have a higher excess but the policy is the same. A usual suggestion is always read the PDS before purchasing any insurance.
As long as your friend is on a Student visa, he is allowed to drive with his Overseas license so should be insured by most big insurers. I had friends in a similar conditions being insured by RAC (WA), AAMI, Allianz.
Also I believe you have to buy a separate CTP insurance if you are in NSW. I am sure someone from that state can shed more light on it.
And kudos to your friend for being responsible and getting a insurance (atleast 3rd Party) before he starts driving on the road.
thanks for the reply!
Be cautious regarding licensing.
If your friend should have a Victorian licence it is possible any claim would be denied even if he had valid insurance.
I think this is the info you need in Vic:
https://www.vicroads.vic.gov.au/licences/renew-replace-or-up…
With a local licence he will have more options for insurance too.
Hi,
Thanks for the info!
He is already in the process of getting his learners licence.
also got insurance through Allianz($88/m).
Thanks
dont drive