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Japanese Import Car Insurance Australia – Car import insurance is a type of insurance. Designed for foreign cars. This range caters to the special needs of vehicles not made for the domestic market. The Insurance Council of Australia is the representative body for the Australian general insurance industry. Our work with our members, consumer groups and all levels of government supports consumers and society. While we cannot provide advice or direct customer service, we do our best to help where we can. Read more about ICA on our website.
1. Imported car insurance usually has the same features as standard policies, but may also offer special protection such as premiums, inflation adjustments and factors that take into account the increase in value of the car.
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2. Unlike traditional insurance, import car insurance works on an “agreed amount” basis, where the insurance company pays a pre-arranged amount if the vehicle is totaled.
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3. This insurance often has a lower mileage limit, as it is generally intended for vehicles that are not used as daily drivers.
Imported car insurance is very similar to standard car insurance but there are some key differences. This is designed to address the fact that unlike conventional cars, imported cars often increase in value over time. In addition to standard coverage, imported car insurance includes additional coverage to replace or repair original equipment manufacturer (OEM) parts.
For this article, an import car is defined as a car not intended for the Australian market. These vehicles are imported into Australia through specialist dealers or buyers rather than through official brand channels.
An imported vehicle is any vehicle legally imported from another country, but not through the manufacturer’s official distribution network. Although brands such as Honda, Toyota and Mazda are manufactured overseas, cars from these brands that are officially distributed in Australia are not considered imports.
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This category also includes gray market cars. For example, a Honda model designed for the Japanese market is imported into Australia. Although gray market vehicles are allowed to be imported, they may require modifications to meet local regulations.
Gray imports are often handled by dealers who focus on niche markets or by individuals who import cars privately. These cars, like classic or classic cars, are for specific enthusiasts and have unique insurance needs.
For those looking for car insurance for imported vehicles, major insurers such as NRMA Insurance, Allianz Australia and AAMI offer partnership plans with specialist insurance providers. These plans offer a combination of the reliability and customer service of specialized insurance companies and the unique expertise of niche insurance agencies.
To help you get the best coverage, we’ve reviewed the top insurance providers to find out who offers approved insurance for imported vehicles. Based on our results, these are the top insurance providers for imported cars:
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When choosing the right insurance for the vehicle you have ordered, it is important to compare prices from different providers. For custom import car insurance, here are some options to consider:
NRMA offers bespoke insurance for classic and imported cars, offering comprehensive coverage for OEM parts and unlimited mileage. Known for its reliable claims service, NRMA has a strong financial rating which ensures timely and reliable claims processing. Members also benefit from roadside assistance and repair services, including identification of hard-to-end parts.
Allianz is one of Australia’s most trusted insurers covering rare and exotic imported vehicles. Allianz secures customer satisfaction and financial stability with insurance plans that include unlimited mileage and extensive spare parts service. Customers can also opt for higher discounts for lower monthly bills.
AAMI offers standard car insurance for imported vehicles, which includes agreed value protection, which increases the value of the car by 6% in case of total loss. AAMI offers a 30-day auto warranty on newly added vehicles, ensuring ongoing protection. Eligibility criteria include lightly used vehicles, garage storage and drivers with a clean driving record and at least five years of driving experience.
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GIO offers a wide range of coverage options for imported and premium vehicles. Their policies cover liability, medical coverage, comprehensive and collision coverage and uninsured motorist protection for standard vehicles between 10 to 24 years and for vehicles older than 25 years. GIO plans also include roadside assistance and agreed service costs, up to an additional $1,200.
Budget Direct Import offers a competitive option for car insurance, offering agreed protection for multiple vehicles and single liability coverage. Budget Direct also includes roadside assistance up to $2,000 in parts. Known for exceptional customer service, Budget Direct is a trusted choice in the insurance market.
Imported vehicles are often built to different safety and road regulations compared to those manufactured for the Australian market. According to the Australian Department of Infrastructure, Transport, Regional Development and Communications, imported vehicles may require certain modifications to comply with the country’s road laws. These significant changes will increase the cost of insurance premiums. Although most changes won’t prevent you from getting coverage (as long as you notify your insurance carrier), depending on the degree of the change, insurers may charge higher premiums.
If your order is treated as a ‘sports car’, you may face higher insurance costs. Cars designed for high speeds, such as Ferrari or Lamborghini—often classified as ‘luxury cars’—are generally considered dangerous by insurance because of their high potential for accidents. As a result, insurers may: refuse to insure them, insure for higher premiums, or specialize in insuring older and more expensive vehicles, the premium being a common practice.
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Popular brands such as Toyota and Mazda dominate Australia’s best-selling car list and are known for low repair costs, which doesn’t always apply to imported cars. Imported models, especially those not sold locally, may require expensive parts and service. Even among high-end cars, some are more expensive than others to maintain and repair.
With few insurance providers willing or able to cover imported cars in Australia, you may find your options are limited and expensive. Less competition in this niche market often leads to higher prices. Additionally, the most favorable policies may have additional features or benefits that increase the cost of premiums.
An imported vehicle is any vehicle legally imported from another country, but not through the manufacturer’s official distribution system. These can be ordered by a specialist dealer in smaller, more attractive markets or imported to Australian after an individual purchase.
Foreign cars are not always the most expensive to insure, but their insurance costs are higher depending on factors such as car type, value and usage. In many cases, foreign car insurance is more expensive than standard car insurance.
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Consider vehicle value, usage, local regulations and any additional insurance requirements when choosing your custom auto insurance policy.
Mileage limits can affect how much you can pay for your car insurance. Ordering car insurance may seem expensive, but it depends on how much you drive. Car insurance companies expect you to drive an exotic or imported car more often than your daily driver. In this case, your insurance plan will have an annual mileage limit. Import car insurance is usually cheaper than standard car insurance if you’re on the limit.
The main advantage of ordering a car is often a preference for a particular model. Additionally, imported cars can offer benefits such as better fuel efficiency, higher reliability ratings, and more comprehensive warranty protection.
Conducts extensive research to provide comprehensive and unbiased reviews of leading auto insurance companies. We look at several factors that are important for consumers to identify the top insurance companies:
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Credibility: We prefer insurers with strong financial ratings from AM Best, demonstrating their ability to meet claim obligations. Companies with a proven track record of reliable service also receive high marks.
Availability: We consider geographic insurance coverage and eligibility criteria. Service providers who offer wide availability of conditions and certain limitations are likely to cater to different needs of users.
Coverage: Our review looks at a range of coverage options, including limits and deductibles. We also have additional benefits like roadside assistance to gauge overall service quality.
Price: Comparing prices can be complicated due to various factors affecting payment. We analyze price estimates from Quadrant Information Services, available discounts, and user reviews.
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Service: Customer reviews from sources such as the Better Business Bureau (BBB) help us measure the quality of service. Providers with fewer complaints and a streamlined claims process receive higher ratings.
Technology: Insurers with sophisticated digital tools such as online quote generators, user-friendly claims software and usage-based insurance software score high in this category.
In conclusion, there are many high-quality and budget-friendly options for insuring your imported car. As with general auto insurance, it’s important to compare different providers to find the best service and rates to suit your needs. This policy ensures that you get comprehensive protection within your budget, we are not only experts in Japanese import insurance, we also specialize in all types of parallel imports where the customer often requires separate vehicle insurance from another country.
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