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CommBank Car Insurance

CommBank is a leading provider of insurance in Australia, with a range of car insurance plans on offer. Read our review to learn more about its products!  

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, updated on February 16th, 2024       

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Commonwealth Bank, or CommBank, is the largest bank in Australia and a leading provider of financial services. In 2022, CommBank sold its CommInsure general insurance business to Hollard in an exclusive 15-year partnership, with all CommBank car insurance policies now underwritten by Hollard. Whether you are looking for basic cover or a more comprehensive plan, CommBank offers drivers a number of car insurance options to choose from.

We break down CommBank’s car insurance products in this review so you can understand your options. Find out about the different levels of cover, what is and isn’t offered and the optional extras you can add today!

Disclaimer: all coverage offered by CommBank is subject to the terms and conditions of your policy. Limits and exclusions apply. Please refer to your Product Disclosure Statement (PDS) or contact CommBank if you’re unsure about what is and isn’t covered.

Please note that Savvy does not represent CommBank for its car insurance products. All listed policies, inclusions and limits are correct as of July 2023.

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What car insurance policies are available through CommBank?

CommBank offers the following types of car insurance to Australian drivers:

Comprehensive Cover

Comprehensive car insurance offers the most extensive coverage of the types of car insurance available in Australia. CommBank’s Comprehensive cover offers the following inclusions:

  • Coverage for loss or damage to your vehicle due to collision or impact damage, fire, legal liability, storm, hail or flood, theft or attempted theft, and vandalism or malicious acts
  • Up to $10,000 for accidental death cover
  • Up to $500 for baby capsules and child seats
  • Up to $1,000 for domestic pets
  • Up to $600 for emergency accommodation costs if the incident occurs over 200 kms from home
  • Up to $800 for emergency repairs
  • Up to $75 per day for hire car following theft, for a maximum of 14 days
  • Up to $20 million for legal liability
  • Up to $1,000 for mobility devices/disability aids and $500 for other personal items
  • Replacement of a new vehicle after a total loss (new for old) if it is less than 2 years old
  • Up to $20 million if you destroy or damage someone else’s property with a substitute vehicle
  • Temporary cover for a replacement vehicle, up to 14 days
  • Reasonable towing and storage costs after an incident
  • Up to $2,000 for theft of keys
  • Up to $1,000 for trailer and caravan loss or damage when attached to your vehicle
  • Up to $500 for transportation costs
Third Party Property Damage, Fire and Theft Cover

Less extensive than comprehensive car insurance, this tier of cover offers protection against damage sustained due to theft and fire as well as damage to other vehicles and property, but not damage to your own vehicle. CommBank’s policy has the following inclusions:

  • Coverage for loss or damage to your vehicle caused by an identified uninsured driver, fire, theft or attempted theft
  • Up to $5,000 for damage from an identified uninsured driver
  • Up to $20 million for legal liability
  • Up to 14 days of temporary cover for a replacement vehicle
  • Up to $20 million in legal liability coverage for substitute vehicles
  • Towing and storage costs after an incident
Third Party Property Damage Cover

This is the most basic form of optional car insurance available, covering only damage your vehicle causes to other people’s property, rather than damage to your own vehicle. CommBank’s policy offers the following inclusions:

  • Up to $5,000 for damage from an identified uninsured driver
  • Up to $20 million for legal liability
  • Substitute vehicle legal liability coverage, up to $20 million
  • Temporary cover for a replacement vehicle for up to 14 days

Are there any optional extras available through CommBank?

Yes – CommBank’s Comprehensive car insurance cover offers the following optional extras:

  • Driver age restriction: reduced premium for excluding drivers under 30 years old
  • Hire car following an incident for up to 14 days
  • Optional additional basic excess: you can increase your excess to reduce your premium
  • Protected no-claim discount: your no-claim discount will not be affected by the first claim made in the period of insurance
  • Removal of excess for glass damage: no excess for claims related to windscreen or window glass damage 

What are some of the pros and cons of buying car insurance through CommBank?

  • Choice of repairer: CommBank allows policyholders to use an insurer-recommended repairer or nominate their own.
  • Cover for mobility devices and disability aids: these are covered up to $1,000 under CommBank’s Comprehensive car insurance plan.
  • Cover for pets: veterinary expenses for domestic pets injured during an incident are covered up to $1,000.
  • Limited cover for TPFT policies: CommBank’s Fire and Theft plan does not offer cover for many theft-related incidents such as keys and personal items.
  • Limited child seat cover: cover for child seats on CommBank’s Comprehensive policy is capped at $500, as of July 2023.

Common questions about CommBank car insurance

Does CommBank offer CTP insurance?

No – CommBank doesn’t offer any Compulsory Third Party (CTP) insurance in any state or territory of Australia. Check your state or territory government’s website to find out what your CTP options are.

Does CommBank offer roadside assistance?

No – CommBank does not offer roadside assistance either as part of its car insurance policies or as a separate service.

Can I get any discounts on my CommBank car insurance?

Yes – if you take out car insurance with CommBank, you can save up to 10% when you buy online. You can also save money by building up your no-claim discount.

Do I have the option to pay my CommBank car insurance in monthly instalments?

Yes – at CommBank, you can pay your car insurance in one lump sum or in monthly instalments for no extra cost.

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Disclaimer:

Savvy (ABN 78 660 493 194, ACR 541 339) provides readers with a variety of car insurance policies to compare. Savvy earns a commission from our partnered insurers each time a customer buys a car insurance policy via our website. All purchases are conducted via our partners’ websites. The integrity of our comparison service is unaffected by our partnerships with those businesses and our effort remains to bring further brands that do not already use our comparison service onboard.

Savvy’s comparison service includes selected products from a panel of trusted insurers and does not compare all products in the market. Any advice presented above or on other pages is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an insurance policy. We always recommend readers to consult the Product Disclosure Statement (PDS) of different policies before purchasing your car insurance.

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