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Laid Up Car Insurance Australia – Import car insurance is a type of insurance It is designed for foreign cars This cover meets the specific needs of cars not made for the local market The Insurance Council of Australia is the representative body for in the general insurance industry in Australia Our work with our members, user groups and all levels of government serves to support consumers and the community Although we cannot offer direct advice or service, we try to help as much as we can Read more about ICA on our website
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2. Unlike traditional insurance, import car insurance works on an “agreed price” basis, so that if the vehicle is totaled, the insurance company will pay a predetermined amount.
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3. This type of insurance often has a relatively low pass limit, which is usually reserved for vehicles used by agents on a daily basis.
Imported car insurance is similar to standard car insurance, but with a few key differences. This is meant to address the fact that imported cars typically appreciate in value over time, compared to regular cars. , which tends to decrease in value. In addition to standard coverage, imported car insurance includes additional coverage for original equipment manufacturer (OEM) replacement or repair parts.
For the purposes of this article, an imported car is defined as a vehicle not originally intended for the Australian market. These vehicles are imported into Australia through dealers or buyers rather than official brand channels
An imported vehicle is any vehicle that is legally imported from another country but not through the official distribution network. While brands such as Honda, Toyota, and Mazda are manufactured overseas, vehicles from these brands that are officially delivered to Australia are not considered imports.
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This category also includes gray market cars For example, a Honda model imported into Australia for the Japanese market falls into this category Although gray market cars are allowed to be imported, they require modification to meet local regulations
Brought in by dealers to focus on the gray import market or by individuals who imported cars privately. These vehicles, like vintage or classic cars, are given to specific enthusiasts and have unique insurance requirements.
For those looking for car insurance for imported vehicles, major insurers such as NRMA Insurance, Allianz Australia and AAMI offer policies in partnership with specialist insurance providers. These policies combine the reliability and customer service qualities of insurance companies with the expertise of insurance policies.
To help you find the best coverage, we’ve reviewed the top insurance providers to determine the best value coverage provider for imported vehicles. According to our research, the main insurance providers for imported cars are:
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When choosing the right insurance for an imported vehicle, it’s important to compare quotes from a range of providers. For special car import insurance, here are some options to consider:
NRMA offers bespoke insurance for classic and imported vehicles, offering comprehensive coverage for OEM parts and unlimited mileage. Known for its reliable service, NMA holds strong financial ratings to ensure a timely and consistent claims process. Members also assist with roadside assistance and repair services, including hard-to-part
Shannons is Australia’s leading insurance provider specializing in cover for motorists Our policy is designed for owners of imported, modified, classic, vintage or vintage vehicles. Shannons offers comprehensive insurance options, low prices, roadside assistance and the flexibility to choose the repairs you want. In addition, they offer ‘recovery cover’ to protect the vehicle when it is recovered, when the car is taken off the road.
MB is a leading provider of personal car insurance, particularly luxury and import cars. They offer several coverage options with an emphasis on value, roadside assistance and high value vehicles MB Insurance is known for its tailored service, offering special packages that cater to unique needs such as modifications and OEM spare parts. Their plans also allow flexibility in mileage, providing peace of mind for drivers who tend to use imported cars. Customers appreciate MB for its responsive support and seamless claims process
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Allianz is one of Australia’s most trusted insurers offering coverage for rare or exotic imported vehicles. Allianz enjoys great satisfaction and financial stability with insurance plans that include unlimited mileage and various coverage areas. Customers can also opt for higher discounts to reduce the monthly premium
For imported vehicles, AAMI offers a classic car model, contract value protection, which increases the value of the vehicle by 6% in the event of a total loss. AAMI offers automatic 30-day coverage for newly added vehicles, ensuring ongoing protection Eligibility criteria include a vehicle used only for pleasure, storage for storage and a world driving record and a driver with at least five years of driving experience.
GIO offers a wide range of coverage options for import and collector cars Their plans cover classic cars between 10 and 24 years old and vintage cars over 25 years old . Coverage includes liability payments, medical payments, comprehensive and collision insurance and single seat motorist protection. GIO plans also include roadside assistance and cost-of-cost coverage, up to $1,200 for excess parts.
Budget Direct offers competitive import car insurance options, value for money protection and single liability coverage for multiple vehicles. Budget Direct also includes roadside assistance up to $2,000 in spare parts coverage. Known for its exceptional customer service, Budget Direct is the trusted choice in the insurance market
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Imported vehicles are manufactured to different safety and road regulations than those manufactured for the Australian market. According to the Australian Department of Infrastructure, Transport, Regional Development and Communications, imported vehicles may require some modifications to comply with local road rules. These required changes can increase the cost of insurance premiums. Although most changes won’t prevent you from getting coverage (as long as you notify your insurance provider), depending on the cost of the change, the Insurers may charge higher premiums.
If your imported vehicle is considered a ‘sports car’, you may pay a higher insurance cost. Cars designed for speed, such as Ferraris or Lamborghinis – often classified as ‘authority cars’ – are considered a high threat by insurgents because they are more prone to accidents. For this reason, insurers can: not protect them, but invest a high safety premium, or specialize in providing vintage and excellent cars, high premiums are common.
Popular brands such as Toyota and Mazda dominate Australia’s best selling car lists and are known for relatively affordable repair costs, which is not always the case with imported cars. Imported models, especially those not sold locally, may require expensive parts and service Even with high quality vehicles, some are more expensive than others to maintain and repair
With fewer insurance providers willing or able to cover vehicles imported into Australia, you may find your options are limited and more expensive. Less competition in this market often leads to higher prices Additionally, the most suitable plans to include additional features or benefits that drive the premium
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An imported vehicle is any vehicle that is legally imported from another country but not through the manufacturer’s official distribution system. These can be imported by a dealer specializing in the small, large market or even imported into Australia by purchasing individual vehicles.
Foreign cars are not always expensive to insure, but their insurance costs can be higher depending on factors such as car type, price and usage. In many cases, import car insurance can actually be cheaper than standard car insurance
When choosing an insurance policy for your imported vehicle, consider the vehicle’s value, usage, local regulations and any additional coverage requirements.
Mileage limits affect how much you pay for car insurance Car insurance may seem expensive, but it depends on how much you drive Car insurance companies expect you to drive more often than foreigners or imported vehicle than the daily driver. When this happens, your insurance policy will expire along with the annual mileage If you live below the limit, importing a car is usually cheaper than insurance rates
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The main benefit of importing a car is often enthusiasm for a particular model. Additionally, imported cars can offer benefits such as better fuel efficiency, better reliability ratings and more comprehensive warranty coverage.
Conducting research to provide accurate and unbiased reviews of top auto insurance companies We consider several key factors for consumers to identify top insurers:
Reliability: We prioritize insurers with solid financial records from AmBest, taking into account their ability to meet reporting obligations. Companies with a proven track record of reliable service also receive high marks
Availability: We consider the geographic location and eligibility criteria of applicants Providers with wide state availability and different restrictions are more likely to meet the needs of different customers
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Coverage: Our analysis focuses on distribution coverage options, including Borders and Japan We also consider additional benefits to assess the quality of overall coverage
Pricing: Pricing comparisons are complicated for several reasons
