• Target Market Determination (TMD)
  • News
  • Contact Us
  • Make A claim
1800 999 977

eric Insurance | Car & Motorcycle Insurance Online

  • Cars
    • Comprehensive car insurance
    • Used Car Warranty
    • Tyre & Wheel
  • Motorcycle
    • Motorcycle insurance
    • Third party fire & theft
    • Extended Warranty
    • Off Road Bike Cover
    • Tyre & Wheel
  • Existing Customers
    • Make a Claim
    • Manage Your Policy
    • Make a Payment
    • Customer Support
    • Feedback & Complaints
    • Policy Documents
  • News
  • Contact Us
  • Make A Claim

Best Car Insurance Online

  • Car
        • Car Insurance

          Our car insurance products can take the worry out of driving and help you avoid big bills if you have an accident.
          Discover more

        • Car Insurance

        • Comprehensive car insurance
        • Extra Protection

        • Car Warranty
        • Tyre & Wheel
        • Financial Repayment Insurance
  • Motorcycle
        • Motorcycle Insurance

          Our motorcycle insurance is designed to protect your bike whether it’s on the road, parked, or off the beaten track.
          Discover more

        • Motorcycle Insurance

        • Motorcycle insurance
        • Third party fire & theft
        • Off Road Bike Cover
        • Extra Protection

        • Motorcycle Warranty
        • Tyre & Wheel
        • Financial Repayment Insurance
  • Specialist Protection
        • Specialist Protection

          Specialist products to help protect you beyond your car or motorcycle.

        • Financial Repayment Insurance
          • Equity Protection Insurance
          • Financial Protection Insurance
  • Existing Customers
        • Existing Customers

        • Our Customer Promise
        • Feedback & Complaints
        • Policy Documents
        • Make a Claim
        • Make a Payment
        • Manage Your Policy
        • Customer Support

Financial Protection Insurance

Specialist cover for when you need additional support or assistance with your repayments.
Feedback
Feedback



    Protect yourself against financial stress

    Please note: This product is not available for purchase online, it is only available from our dealer/broker network.

    There’s nothing more important in your own life than you.

    The eric Financial Protection Insurance product is designed to help you cover your vehicle loan payments if you were to become sick, injured or lose your job. Financial Protection Insurance can cover your vehicle loan payments for up to 6 months and even allow you to hand your vehicle back and cover the outstanding loan amount to payout the loan.

    What’s included?

    Disability - sickness & accident

    Take the worry out of your loan repayments and concentrate on your road to recovery.

    For each day you are continuously unable to work due to disability, illness or injury, excluding the first 21 days (excess period), as certified by a medical practitioner, we will pay 1/30th of the monthly repayment for every day you are unable to work.

    If you are still unable to work past the 6 monthly repayment period, provided you have certification by a medical practitioner, you may make a further claim on that same covered medical event for a further 6 monthly repayment or until you are able to return to work.

    We do not cover any pre-existing medical conditions. Please read the PDS for a full list of terms and exclusions to get a better understanding of what you may be covered for.

    Involuntary unemployment

    Losing your job is hard for anyone, so let us take some of your financial burden out of the equation by helping repay your loan for up to 6 months.

    If you become unemployed as a result of being made redundant, retrenched, or your employer ceasing to operate, we can help you with your loan repayments, excluding the first 21 days (excess period). We will pay 1/30th of the monthly repayment for up to 6 monthly repayments.

    We do not cover any pre-existing medical conditions. Please read the PDS for a full list of terms and exclusions to get a better understanding of what you may be covered for.

    Complications due to Pregnancy

    Should a complication arise as a result of pregnancy prior to your scheduled maternity leave or which arises or extends past your maternity leave, where a Medical Practitioner provides medical evidence of you being unable to perform your Employment, you can claim under the monthly payment benefit or handback option subject to the provision of a letter from your employer confirming your scheduled maternity leave and your maximum maternity leave period.

    Pay by the month

    Option to pay your policy in monthly instalments similar to a subscription. Pay by the month (PBTM) allows you the freedom to cancel your policy at any time.

    Interest and Fees may apply. Please read our latest DDSRA for full terms and conditions.

    Payment Assist Benefit

    The Payment Assist Benefit can be used to cover up to a maximum of 6 Monthly Repayments during the Period of Insurance, subject to your ongoing sickness, injury, illness or unemployment.

    You may choose to use the Payment Assist Benefit as an alternative to Handback of the Vehicle to contribute towards your Monthly Repayments under your Finance Contract, allowing you to retain your Vehicle.

    Vehicle Handback

    Where you choose to Handback your Vehicle to a Dealer and experience a Shortfall as a result of the Handback, then we will pay the Shortfall to the Financier.

    Maximum period of insurance

    The maximum period of insurance is up to 84 months.

    Please download and read the PDS for a full list of inclusions, exclusions, terms and conditions.

    What you need to get started

    Are you eligible for Financial Protection Insurance with eric? There’s certain information that we require and some rules that apply:

    Applicant details

    To be eligible to purchase this insurance, at the commencement of the Period of Insurance you must:

    • Be at least 18 years of age and under the age of 67;
    • Be working on a continuous basis for reward for a minimum of 20 hours each week either in:
      • Full time or permanent part time employment; or
      • Casual employment provided you have been in continual employment for least 12 months with the same employer. For the avoidance of doubt, a break in casual employment of no greater duration than 4 weeks in the 12 months prior to any claim under this insurance is permissible;
    • Not be employed in a seasonal or Intermittent position.
    • You have not received a notice, or been advised of notice, of termination from an employer.

    Want specialist cover?

    We don’t expect a standard policy to suit everyone, which is why we offer extra cover for your vehicle with our specialist products. Choose the options that match how you drive.

    Car Warranty

    Explore policies with 12, 24 or 36-month terms and coverage to suit you and your used vehicle.

    Get a quote

    Tyre and Wheel Cover

    Get cover for motor vehicle tyre punctures and wheel damage not caused by an accident.

    Get a quote
    Car

    Comprehensive Insurance

    eric can be there to protect you and your vehicle when the unexpected happens.

    Get a quote

    What our customers say

    The claim took no time at all once all paperwork was confirmed. The staff are great! 10 star very very helpful. I do thank them for the assistance that they have given me and the peace of mind.
    Shane
    4 days ago
    My consultant Chris was most professional, informative and displayed superb customer interaction skills. I am very satisfied.
    Phil
    3 weeks ago
    Eric Insurance has been very gracious given my circumstances, and I found my Claims Service Consultant - Razia, to always be very polite, professional, and attentive to my claim. Excellent service.
    Chopper
    1 month ago
    The staff provided great advice and assistance on making a claim under the Tyre and Wheel Insurance policy and processed the claim very promptly after lodgement. This policy is great value and have been in place for the last 2 years since the vehicle was purchased.
    Bernard
    2 Months Ago
    My policy is good value and was set up in November as part of my novated lease. Customer service and action was excellent - helpful, friendly and efficient regarding my claim. Needed tyre replaced. I paid invoice upfront and the reimbursement was approved by Eric hassle free and promptly.
    Eddie
    1 Month Ago

    Frequently asked

    Do I need to tell eric about any change of circumstances?

    Yes, please! You must contact us and let us know of any change of circumstances particularly if:

    • there is a change in your personal details (e.g. contact details or residential address),
    • there is a change to your employment status or circumstances,
    • there are changes to the finance contract or loan (e.g. terminated, varied, paid out, or in breach)

    Is there a minimum loan term?

    Yes, there is a minimum loan term of 12 months. That means that you still need to have at least 12 months minimum left on your loan to be eligible for this product.

    What happens if the loan is under two names?

    While there might be two names under your loan, we only cover one person under a Financial Repayment Insurance policy. However, if the second loan holder wishes to also be covered for that shared loan, they can apply for their own Financial Repayment Insurance policy.

    When it comes to claim time, if both people under the loan have Financial Repayment Insurance, and both suffer from a covered event at the same time, you both may claim separately under your own insurance policies even though it’s a shared loan.

    Disclaimer

    The information on this page is a summary only. For full terms, conditions, exclusions and key factors that influence the cost, please refer to the Product Disclosure Statement (PDS).

    Financial Protection Insurance (FPI) is issued by Eric Insurance Limited ABN 18 009 129 793 AFSL 238279 (eric). This website may contain general financial product advice that does not take into account your personal financial circumstance.

    Insurance products
    • Comprehensive Car Insurance
    • Motorcycle Insurance
    • Off Road Bike Cover
    • Car Warranty Insurance
    • Motor Vehicle Tyre & Wheel
    • Motorcycle Warranty
    • Motorcycle Tyre & Wheel
    • Financial Repayment
    Existing customers
    • Make a claim
    • Manage your policy
    • Make a payment
    • Customer support
    • Feedback & complaints
    • Policy documents (PDS)
    Other links
    • Target Market Determination (TMD)
    • Investors
    • Partner login
    • Dispute resolution
    • Privacy policy
    • Terms & conditions
    • Financial Hardship Policy
    • Domestic Violence Assistance
    About us
    • Who is eric?
    • Our Customer Promise
    • Contact us
    • Careers
    Follow us
    • Facebook
    • Linkedin
    • Youtube

    Information on this website may contain general financial product advice that does not take into account your personal financial circumstances. The insurance products shown on this site are issued by Eric Insurance Limited. Please consider the relevant PDS before making a decision about any of the eric products.

    Copyright © 2022 Eric Insurance Limited | ABN 18 009 129 793 | AFSL 238279 (eric)

    SEO Company & Digital Marketing Agency – Zib Digital