Driva launches insurance offering with Open partnership
We’ve teamed up with Open Insurance, to provide customers comprehensive insurance directly through the Driva platform.
William Brown
September 2020

Insurance is often an afterthought for Australian’s excited about buying their new vehicle. We’ve encountered countless customers that have left their insurance to the last minute, and had no idea where to turn when it came to getting comprehensive cover.That’s why we’ve teamed up with Open Insurance, to provide customers comprehensive insurance directly through the Driva platform.

What is Comprehensive insurance?

Comprehensive car insurance typically covers you for damage to your vehicle and damage to someone else's vehicle or property. It also covers damage that’s caused by fire, storm, hail, and replacement costs if your vehicle is stolen. 

This insurance can cover the cost of repairs in the event of an accident, regardless of which party is responsible for the damage. It can even cover extras like getting a rental car sorted while yours is being repaired.

Why Comprehensive insurance?

If you own a car, you probably know that compulsory third-party insurance (often called CTP) is required for your car to be on the road. This is a legal requirement to ensure the driver is covered for any legal liability for injury or death caused in an accident - but it doesn’t protect you for any damage caused to your car (or someone else’s!).

That’s why most Australians also look to take out Comprehensive insurance to ensure they can claim back the cost of repairs or replacement to their vehicle in the event of an accident.

This is even more critical when your vehicle is financed. All secured car loan lenders will very likely require that you take out comprehensive cover to protect the car in the event of an accident. 

This is because the lender has security over your vehicle, so it’s in their interest to make sure the car maintains its value.

This means that 100% of the secured car loans settled through Driva have required a comprehensive insurance cover.

Our new offering

Our customers often complained to us that it was difficult to find and apply for comprehensive insurance after Driva approved them for finance - so we wanted to make this process easier. 

Our partnership with Open Insurance allows you to get quotes for and purchase insurance directly through the Driva platform.  This makes the car-buying process more seamless and easier than ever before.

To sum up

Navigating the car finance process is tricky, and the need for comprehensive insurance on your vehicle only adds additional complexity.

To find out more about how you can get a comprehensive insurance quote through driva, visit driva.com.au/insurance

Driva is an agent and distributor of Open Insurance Pty Ltd ABN 23 166 949 444 AFSL No. 451712 (Open). The insurance is arranged by Open and issued by The Hollard Insurance Company Pty Ltd ABN 78 090 584 473 AFSL No. 241436. We receive up to 18% of the base premium for acting as Open’s distributor.We can give you factual information but we can’t give you any advice, so you should carefully read the relevant Product Disclosure Statement (PDS) to help you decide if the product is right for you. If you have a question or complaint, you can contact Open at beopen.com/complaints.