What’s Third Party Fire and Theft Car Insurance?

Get great value cover with RACV Third Party Fire and Theft Insurance. You’ll be covered for unintentional damage you cause to other people’s property. And you can rest at ease knowing you're also covered for up to $10,000 if your car is stolen or damaged by a fire.

What’s the difference between Comprehensive Car Insurance and Third Party Insurance?

Comprehensive Car Insurance covers collision damage to your car, as well as unintentional collision damage to other people’s property (including vehicles).Third Party Insurance only covers unintentional collision damage to other people’s property (including vehicles). The cost to repair damage to your own car following an incident or accident would be an out of pocket expense.This is only a summary of the differences between RACV Car Insurance policies. Refer to the relevant Product Disclosure Statement for specific terms, conditions, limitations and exclusions.

What is agreed value and market value?

Market Value is an assessment of the value of the vehicle at the time of the incident based on its age and condition. Because it is not a fixed amount, you won’t know how much compensation you’ll receive if you need to make a claim.Agreed value is the amount you will be reimbursed in the event of a claim where your car is in which your car is declared a total loss and is agreed on by you (the car owner) and the insurer. The agreed value amount is agreed upon by the car owner and their insurer. Because it is a fixed amount, it provides more certainty on what compensation you can expect if your car is considered a write off after an accident.You can only choose between agreed and market value if you purchase a Comprehensive Car Insurance policy.

Does this policy cover anyone who has permission to drive the vehicle?

Yes, as long as they have a valid driver’s license. Additional excesses may apply for drivers under 25 and inexperienced drivers.

Third Party Fire & Theft Car Insurance - Victoria

What's covered

Types of incidents

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Frequently asked questions

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Cover for the essentials, plus fire and theft damage

With inclusions like towing after an incident and up to $750 for emergency transport and accommodation.

Any driver, covered

Any licensed driver who meets policy conditions will be covered when driving your car.^

Cover after a fire or theft

Up to $10,000 to fix your car. If it's a total loss, you'll receive the market value up to $10,000, instead (less any applicable deductions).

Hire car after a theft

Up to $60/day for 21 days, or until your car is fixed, recovered, or your claim is settled - whichever's earliest.

Help when you need it

Our team is available from 7am – 11pm every day for help with your quote and general enquiries.

Call 13 72 28

Award-winning car insurance

2025 winner of several Finder Customer Satisfaction Awards for Victoria, including Most Trusted and Most Loved.^†

2025 winner of WeMoney’s Best for Member Benefits Car Insurance.

Finder 2025 award for most trusted car insurance, Victoria.

Finder 2025 award for most loved car insurance, Victoria.

WeMoney 2025 award for best for member benefits car insurance.

What's included with Third Party Fire and Theft

Included
Not included

Up to $10,000 after a fire or theft

To fix your car. If it's a total loss, you'll receive the market value up to $10,000, instead (less any applicable deductions).

Emergency transport and accommodation

For you, passengers and pets. Up to $750 total if your car is undriveable, and the incident was more than 100km from home in Australia.

Towing if you’re involved in an incident

Covers the cost of towing to a repairer or safe place, whichever’s closer.

Up to $5,000 in not-at-fault collisions (limited cover)

For damage to your car if you’re not at fault in a collision and you provide the details of the at-fault driver.*

Up to $20 million in liability cover

For claims against you for loss or damage to someone else’s vehicle or property.

Up to $800 for emergency repairs

You’ll be reimbursed up to $800 total if your vehicle has been damaged in an incident.

^{For full details of what is and isn’t covered, see the Product Disclosure Statement. For further details on how we calculate your premium, excess levels and discounts, see the Premium, Excess and Discounts guide (PED).}

Here are some examples of what’s not covered by RACV Third Party Fire and Theft Insurance.

Cover for vehicle repairs if you’re at fault in a collision.

A new replacement vehicle if your car is a total loss.

Running costs of a hire car, such as petrol or tolls.

Loss or damage to a hire car.

Liability from the use of a hire car.

A hire car arranged by you, unless RACV Insurance approved it beforehand.

Types of incidents you can claim for

Insured events you can claim for if they impact your car. For all limits, conditions and exclusions, check the Product Disclosure Statement.

Fire

Damage caused by fire (including petrol and battery fires).

Theft

If your car is stolen, or there’s damage caused by attempted theft.

Explore claims guide

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This is a summary only. For a full list of inclusions, conditions, limits and exclusions, read the Product Disclosure Statement.

Frequently asked questions

With RACV Insurance, you can insure your car for the market value or agreed value, depending on your policy.

Market value 
This is an assessment of your vehicle’s value at the time of an incident you’re making a claim for. It considers local market prices and the age and condition of your vehicle. You’ll get market value with these policies:

Comprehensive (choice of market or agreed value)
Third Party Fire and Theft
Third Party Property Damage

Agreed value 
This is how much RACV Insurance agrees to insure your vehicle for during the term of your policy. You can choose from within a value range. You’ll get agreed value with these policies:

Complete Care®
Comprehensive (choice of agreed or market value)

Renewing your policy 
RACV Insurance considers the changes in your vehicles agreed value using local market values. Check your renewal notice for any changes.

For more information on what’s included in your agreed or market value, check the Product Disclosure Statement.

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No matter who’s driving, RACV Motor Insurance covers all licensed drivers provided they meet policy conditions and have your permission to drive your vehicle.^

You don’t need to list all additional drivers using your vehicle, but it’s worth considering based on how frequently others drive it and any additional excesses that may apply to unlisted drivers.

Your car insurance premium may change if another driver is listed on your policy.

If an unlisted driver is found at fault for an incident while driving your vehicle, you may have to pay an additional excess on top of your basic excess.

For further details on excess charges based on your policy, read the Premium, Excesses and Discounts Guide (PED ).

Add drivers to your policy in the RACV App

Download the RACV App
Tap on ‘my products’
Tap on your policy and then ‘view and manage policy’
Under ‘Manage your policy’ tap ‘add, remove or edit drivers’
Tap ‘edit’ and update driver details.

Add drivers to your policy in your online account

Log in to your online account
Click on your policy
Scroll to ‘the drivers’ section
Click ‘edit’ and update driver details.

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^{^ Provided they meet policy conditions and have your permission to drive your vehicle. Additional excess applies to drivers under 25 or with less than 2 years' driving experience.}

^{† RACV Insurance recognised in the Finder Customer Satisfaction Awards – more information on the awards research methodology at https://www.finder.com.au/finder-awards.}

^{* If the at-fault driver is insured, they must be entitled to cover for your damage. A $300 administrative fee applies if the at-fault driver is insured.}

^{The information provided is general advice only. Before making any decisions please consider your own circumstances and the Product Disclosure Statement and Target Market Determinations. For copies, visit racv.com.au. As distributor, RACV Insurance Services Pty Ltd AFS Licence No. 230039 receives commission for each policy sold or renewed. Product(s) issued by Insurance Manufacturers of Australia Pty Ltd ABN 93 004 208 084 AFS Licence No. 227678.}

Third Party Fire and Theft Car Insurance

Cover for the essentials, plus fire and theft damage

Any driver, covered

Cover after a fire or theft

Hire car after a theft

Help when you need it

Award-winning car insurance

What's included with Third Party Fire and Theft

Up to $10,000 after a fire or theft

Emergency transport and accommodation

Towing if you’re involved in an incident

Up to $5,000 in not-at-fault collisions (limited cover)

Up to $20 million in liability cover

Up to $800 for emergency repairs

Types of incidents you can claim for

Fire

Theft

Compare third party car insurance

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Third Party Fire and Theft

Third Party Property Damage

Frequently asked questions

How much can I insure my car for?

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Do I need to list all drivers on my car insurance policy?

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