based on 5917 Bankwest banking product reviews as rated by Mozo community

Bankwest car insurance

Bankwest has been providing banking and insurance products since 1895, back when it was called the Agricultural Bank of Western Australia. In 2008, it became part of the Commonwealth Bank Group, which means when you take out a Bankwest car insurance policy, you’ve got the security of being backed by Australia’s biggest bank. Check out the policy details for Bankwest’s comprehensive car insurance below.

Bankwest offers the following car insurance policies

Rates and fees verified as correct at 20 October, 2021. Other information correct at the time of writing. Advertiser disclosure.

Product Monthly premiums available Maximum no claim discount Online discount Choice of repairer
Comprehensive Car Insurance

Yes

up to 70%

Up to 10%

Yes

What kind of car insurance does Bankwest offer?

You can take out a Bankwest policy across the three main levels of voluntary car insurance: comprehensive cover, third party property damage and third party fire and theft. However, you’ll need to look elsewhere for your compulsory third party (CTP) insurance, which you legally need to register a car and drive on Australian roads.

Third party property damage will provide limited protection for if you damage other vehicles in an accident, while fire and theft car insurance does the same as well as covering your own wheels in the event of them being stolen or set alight.

Comprehensive car insurance from Bankwest is the broadest level of cover you can take out, insuring your own car and others against accidental damages, as well as things like theft, weather damage and emergency support measures. Let’s explore more of what this comprehensive option offers.

What does my Bankwest comprehensive car insurance cover?

Like all insurance policies, comprehensive car insurance from Bankwest has a list of specific inclusions, exclusions, optional extras and coverage limits. You should read more about these in the relevant product disclosure statement (PDS) before taking out a policy. To get you started, here are some of the standard inclusions in a Bankwest comprehensive car insurance policy:

What isn’t included in my Bankwest coverage?

While a lot of what you might be after is included in a Bankwest car insurance policy, there are some exclusions. Some of these are:

How is my Bankwest premium calculated?

Lots of different things can affect how Bankwest determines your car insurance premium. This can include, but isn’t limited to:

All of these factors and statistics related to them are considered in relation to determining how likely you are to make a claim on your insurance policy. Generally speaking, the less likely you are to make a claim, the less you’ll pay on your premium.

What car insurance discounts does Bankwest offer?

Keep an eye out for discounts to keep your Bankwest car insurance premium low. Some discounts available from Bankwest include:

How to make a claim on my Bankwest car insurance

You should give Bankwest a call if you ever need to make a claim on your car insurance. When you do, make sure you have information regarding your claim handy, including:

You should also do your best to ensure your vehicle isn’t damaged further or a potential road hazard. This could involve calling emergency services and organising towing through your insurance.

FAQs about Bankwest car insurance

What optional extras can I add to my Bankwest policy?

A lot of the things you might want from a car insurance policy are already covered by Bankwest, but a few that you might think about adding as extras (at an additional cost) include:

  • The cost of a rental car after an accident

  • Excess-free glass repairs and replacements

  • No claim discount protection, which allows you to make one claim per-policy-period without your no claims bonus being affected

  • Bankwest’s restricted driver option, which provides a discount on your premium if you don’t have anyone under the age of 30 drive you car (remember your insurance is void if someone under the age limit is behind the wheel during an accident)

  • Optional additional basic excess, which essentially adds another layer of excess which you’ll have to pay at claim time in exchange for a further reduced premium.

Should I opt for the low or high excess option with Bankwest?

You can choose between low or high excess with Bankwest car insurance cover. Which one is right for you depends on your budgeting style and financial circumstances.

A high excess means you don’t have to pay as much on your upfront premium, but you will have to come up with more cash if you do have to make a claim. On the other hand, low excess means that you’ll be charged less before your cover kicks in, but you have to pay a higher premium annually.

What’s the difference between ‘agreed’ and ‘market’ value car insurance?

Market value is the price your vehicle would fetch if it were up for sale at the time of a claim, whereas agreed value is a fixed amount your insurance provider agrees to cover your car for when you take out a policy. Choosing an agreed value will usually increase your premium, as this is normally set higher than the market value.

Generally, you’d opt for agreed value if your car is particularly new or specialised and would be pricier or more difficult to replace or repair.

How can I pay my Bankwest premium?

With Bankwest car insurance, you can pay your premium month-by-month at no extra cost, or pay it annually as one lump sum.

What cover do I have in an emergency?

Although roadside assistance isn’t covered under your Bankwest insurance, you will have other support in an emergency. This includes costs covered for essential repairs without an assessment, towing, alternative travel options and accommodation (make sure you know the limits for each of these policy inclusions).

How is Bankwest car insurance rated?

Mozo users have rated Bankwest car insurance on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of car-insurances
Bankwest car insurance
Overall
Value for money
Policy coverage
Customer service
Claims handling
Trust

16 Reviews

Recent Bankwest car insurance reviews

Bankwest Comprehensive Car Insurance
Overall 10/10
Great business.

This insurance provider has helped me out when needed for as long as I have been with them.

Read full review

This insurance provider has helped me out when needed for as long as I have been with them.

Value for money
10/10
Customer service
7/10
Claims handling
8/10
Trust
5/10
Less
Robin, South Australia, reviewed 6 months ago
Bankwest Comprehensive Car Insurance
Overall 6/10
Competitive provider

I LIKE THE WAY THEY DO THEIR INSURE

Read full review

I LIKE THE WAY THEY DO THEIR INSURE

Value for money
6/10
Less
Mary, Victoria, reviewed over 4 years ago
Bankwest Comprehensive Car Insurance
Overall 7/10
Not bad.

Not bad if you use the bank for multiple things.

Read full review

Not bad if you use the bank for multiple things.

Value for money
7/10
Policy coverage
7/10
Customer service
8/10
Claims handling
6/10
Trust
6/10
Less
Keaton, Western Australia, reviewed almost 6 years ago
Bankwest Car Insurance
Overall 7/10
Bankwest online is great. So easy to use.

They have great customer service just personally think they need to employ people that actually know their policies inside and out.

Read full review

They have great customer service just personally think they need to employ people that actually know their policies inside and out.

Value for money
9/10
Policy coverage
8/10
Customer service
10/10
Claims handling
6/10
Trust
5/10
Less
Kyle, Western Australia, reviewed almost 6 years ago

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