When you are purchasing or leasing a new vehicle, Avea has a range of insurance solutions to provide you with a choice of covers to match your needs. Please note the Product Disclosure Statements available here reflect the current terms and conditions applicable to these policies. These change from time to time, and may differ from the terms and conditions applicable to your policy. Please contact us if you would like to obtain a copy of the Product Disclosure Statement specific to your policy.

Motor Vehicle Insurance

Motor vehicle insurance

When you own a motor vehicle, things can go wrong at any time, and usually at the worst possible moment. It’s important to know that you have the right cover for the right situation. When it comes to motor vehicle insurance, everyone has different needs and priorities, and that’s why Avea gives you plenty of choice.

You can choose from the following three policies to best suit your needs.

  • Comprehensive Cover - which not only reimburses you for damage, but also for storm or hail damage, and emergency repairs.

  • Third Party Property Damage, Fire and Theft

  • Third Party Property Damage

If you have a good driving history we’ll reward you with a no claim bonus discount.

Motorcycle Insurance

Motorcycle Insurance

Avea provides a range of Motorcycle Insurance. You can choose from the following three policy options to best suit your needs.

  • Comprehensive Cover - which not only reimburses you for damages, but also for storm or hail damage, towing, emergency repairs, and apparel.

  • Third Party Property Damage, Fire and Theft

  • Third Party Property Damage

If you have a good riding history we’ll also reward you with a no claim bonus discount.

Consumer Credit Insurance (CCI)

Consumer Credit Insurance (CCI)

Many customers find that car loan repayments are difficult to make when they have had to take time off work due to an illness or injury.

Avea Consumer Credit Insurance can take care of your car repayments for each month that you are unable to work, due to an accident or illness. And we will keep paying them until you are fit to return to work or the loan is paid out.

Avea can also provide cover for Involuntary Unemployment as well as the option of a Death benefit (underwritten by MetLife).

  • Death Insurance
  • Disability Insurance
  • Unemployment Insurance

Guaranteed Asset Protection (GAP) Insurance

Guaranteed Asset Protection (GAP) Insurance

In the event that your car is damaged beyond repair or stolen and not recovered, the amount paid by your comprehensive insurer may be less than the amount still owed to your financier.

This difference is what we call ‘GAP’. Avea’s GAP insurance can pay up to $15,000 to cover this shortfall, depending on cover chosen, and in addition may pay up to $4,000 for any incidental out of pocket expenses incurred along the way.

Loan Termination Insurance (LTI)

Loan Termination Insurance (LTI)

Often without warning, your financial situation can change dramatically. An illness which goes on longer than expected, or perhaps an accident, can put you out of action for many months.

At some point it may prove difficult to make payments on your car loan and your only option is to hand the car back to the dealer to reduce the debt. Often the value of the vehicle declines quicker than the loan balance and as a result, there may still be an amount to pay to the financier.

Avea’s Loan Termination Insurance can cover this shortfall up to a maximum of $15,000, depending on cover chosen.

Bill Reimbursement Insurance (BRI)

Bill Reimbursement Insurance (BRI)

Without warning your financial situation can change dramatically. An illness which goes on longer than expected or perhaps an accident can put you out of action for many months. Avea’s Bill Reimbursement Insurance can help you cover your expenses.

Avea’s Bill Reimbursement Insurance can cover your loan payment for you, as well as any other bills up to a value of $3,000 per month.

From loan repayments to rates, electricity, gas and even gym memberships, we cover all sorts of costs. You just need to provide us with your receipts.

Total Assist Insurance (TAI)

Total Assist Insurance (TAI)

If your vehicle is stolen or damaged beyond reasonable repair, Avea’s Total Assist Insurance (TAI) can give you added financial protection to cover the additional costs that may be incurred over and above what your comprehensive insurer pays out.

Expenses could include an excess on the claim, the cost of putting a new car back on the road and any personal items lost in the accident or theft such as CDs, child seats and tools. We also cover any other costs incurred as a result of the accident such as medical or pharmaceutical needs.

With Avea’s TAI cover, we can pay you up to $5,000, depending on the cover chosen, to help out with these unexpected costs.

Warranty

Warranty

Occasionally customers find themselves with an unexpected mechanical failure. Depending on the kind of failure, this may result in a substantial unplanned financial outlay.

Avea Insurance offers a range of extended warranty options, which can provide you with protection for the costs of unforeseen mechanical failure during the period of cover.

Avea’s Warranty Insurance can cover the repair costs for your vehicle if it breaks down due to faulty workmanship or defective components. We may also reimburse the costs associated with towing, car hire, locksmith services and in some cases, accommodation.

Tyre and Wheel Insurance

Tyre and Wheel Insurance

Avea’s Tyre and Wheel Insurance can cover you for the cost of repairs needed as a result of tyre or wheel damage.

Avea’s Tyre and Wheel insurance may also cover towing, car hire and accommodation costs if your vehicle breaks down more than 100km from home and can’t be repaired the same day.