Car insurance helps cover certain costs if your vehicle is damaged, stolen or involved in an accident, depending on the policy. Comprehensive cover generally protects against damage to your car as well as damage you cause to other vehicles or property; third party property cover usually covers damage you cause to others, but not your own car. CTP insurance is compulsory and covers injuries caused by a vehicle, but it does not cover vehicle damage. Check the policy’s excess, exclusions, agreed or market value and optional benefits in the Product Disclosure Statement before choosing cover.