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|| |
up to 70%
Up to 10%
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.
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:
New-for-old car replacement if yours is written off
Up to $500 personal item cover plus $500 for baby capsules and child seats
Up to $2,000 for replacement keys
Up to $1,000 trailer and caravan cover
Up to $800 for emergency repairs, $600 for accommodation (if you’re stranded more than 200km away from home) and $500 for emergency travel
Reasonable towing and storage costs
Disability and mobility aids kept inside your car covered for up to $1,000
Car hire coverage after a theft for up to 14 days at $75-per-day
Vet costs up to $1,000 if your pet is injured in an accident
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:
General wear and tear, including rust and tyre damage
Structural, mechanical and electrical failures or breakdowns
Anything that happens if a person is; an unaccompanied learner driver, driving without a licence, speeding or disobeying road rules, under the influence of alcohol or drugs, or driving without vehicle registration.
Lots of different things can affect how Bankwest determines your car insurance premium. This can include, but isn’t limited to:
Your age, gender and driving experience
Your insurance claims history and driving history (including things like speeding tickets and road accidents)
How you use your car and where you keep it (in a garage vs on the kerb)
The car’s make, model and current value
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.
Keep an eye out for discounts to keep your Bankwest car insurance premium low. Some discounts available from Bankwest include:
No claims discount (this is different for each state but can go as high as 70%)
Up to 10% discount when you apply for and buy your policy online
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:
The name, contact details and insurance information of any drivers involved in the accident
The registration number of all vehicles involved in the accident
The name and contact details of any witnesses to the accident
Your car insurance policy number and rego details
The road conditions at the time of the incident
Photos of the damages
A police report, if applicable.
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.
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.
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.
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.
With Bankwest car insurance, you can pay your premium month-by-month at no extra cost, or pay it annually as one lump sum.
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).
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.
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.
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.
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