Personal Loan Hero

Insurance & Warranty

Do you need insurance?

Here’s a question for you – if you were involved in a horrible accident, or if your vehicle broke down and required expensive repairs, or if you were to suffer unexpected financial hardship, would you be able to meet your financial responsibilities and continue making finance repayments?

For most people, the answer is no.

Fortunately, On Road Finance is here to assist you insure your next vehicle purchase. Our finance specialists work around the clock to provide you with a level of service like no other. With long term relationships with many of Australia’s biggest and best insurance companies, you’ll be On The Road with peace of mind.

Car insurance, bike insurance, caravan insurance, boat insurance, extended warranty, loan insurance, GAP insurance and more, On Road Finance has you covered!

Your Finance Options

  • Comprehensive insurance is compulsory by law if you take out finance on a secured vehicle.

    Also known as “full insurance”, comprehensive insurance is the highest level of protection you can get for your vehicle. The insurance covers you in the unfortunate and unexpected events like accidents, fire, theft, hail damage, flood damage, vandalism and more.

    Contact On Road Finance or call us on 1300 518 580 for a free quote on comprehensive insurance today.

  • New vehicles come with manufacturer’s warranty as required by Australian law. These manufacturer warranties typically expire after 3 years, but sometimes up to 7 years, depending on the asset type and manufacturer.

    Extended warranties are designed for near new and used assets and cover you in the event of an unexpected mechanical or electronic failure.

    On Road Finance provide different levels of cover for different asset types, asset age and kilometres driven, ranging from 1 to 5 years.

    These extended warranties allow you to have your vehicle repaired at a repairer of your choice, Australia-wide!

    For more information on Extended Warranty options, contact On Road Finance on 1300 518 580 today.

  • Also known as GAP Insurance or Shortfall Insurance, Guaranteed Asset Protection is designed to pay the credit provider any outstanding loan balance, where the total loss payment made by the comprehensive motor vehicle insurer is insufficient to pay the loan contract.

    For example, imagine your two year old car gets rear-ended and your insurance company declares your vehicle a “write off”, and then pays your credit provider (because they have interest on the vehicle title) the current market value of the vehicle, which is $15000. Your loan balance was $20000. This means you still have the balance of $5000 owing to the finance provider for a vehicle you no longer have.

    With a Guaranteed Asset Protection Insurance, this shortfall of $5000 will be paid to the credit provider, relieving you of the loan and allowing you to purchase your replacement vehicle, stress free.

    Contact Us for more information on Guaranteed Asset Protection or call On Road Finance on 1300 518 580 today.

  • LTI can help reduce the stress of struggling to make your loan repayments. You could choose to hand your vehicle back to the dealer and cancel the loan.

    If you prefer to hold onto the vehicle, Loan Termination Insurance can make lump sum payments to your credit provider, up to an agreed amount depending on the cover you select, on your behalf.

    To check if you qualify for Loan Termination Insurance, Contact Us here or call On Road Finance on 1300 518 580 to speak with a specialist.

  • Also known as Loan Protection Insurance, a CCI covers your finance repayments when you are unable to work due to accident, injury, disability, involuntary unemployment and even death.

    If the unexpected strikes, have peace of mind knowing that a Consumer Credit Insurance will continue to pay your loan until you are fit and ready for work again.

    To see if you qualify for Consumer Credit Insurance, Contact Us here or call On Road Finance on 1300 518 580 to speak with a specialist.

  • When your vehicle breaks down, what do you do? With Roadside Assistance, help is just a phone call away, 24 hours a day, 7 days a week.

    On Road Finance has access to Australia’s best Roadside Assistance companies, offering great roadside services Australia-wide. Services such as roadside mechanical repairs, locksmiths, jump-starting batteries and towing.

    Speak to your On Road Finance specialist about On Road Finance today!

Frequently asked questions
already covered for you.

Do I need comprehensive insurance?

The short answer, yes!

If you financed your vehicle with a secured loan, it is compulsory by law to make sure your vehicle is fully insured while there is a financial interest on the vehicle.

After your loan has been completed, it is no longer compulsory but definitely recommended.

Can I include these insurance products into my loan?

Absolutely! Your On Road Finance specialist will be able to tailor your finance package by including any of the above insurance products directly into the loan.

If I sell my vehicle, what happens to the Extended Warranty?

The Extended Warranty carries over with the sale of the vehicle! You can easily transfer the extended warranty to the name of the purchaser.

Can I take out GAP Insurance at any time?

Unfortunately not. GAP Insurance policies must be taken out with the purchase of your vehicle at the time of signing finance contracts.

How much does the insurance cost?

Costs will vary depending on each applicants age, location, amount insured and previous history. For a precise quote, please contact On Road Finance on 1300 518 580 today!

For any further questions, leave your contact details here and one of our friendly staff will be in contact as soon as possible.

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