Hire car costs following a no-fault accident.Depending on the insurer and policy you choose, comprehensive car insurance could cover:

For example, third party cover generally only covers costs if you damage someone else’s property in an accident, whereas comprehensive car insurance provides protection for a more extensive range of risks. The exact risks that are covered will depend on the level of cover that you have. If you decide that comprehensive cover is right for you, you can start your search by comparing car insurance policies with Canstar or viewing our latest Car Insurance Star Ratings Report before getting a quote online.Ĭar insurance covers policyholders for damage caused or costs incurred by unforeseen accidents or events involving the car they insure. For example, would you prefer the high level cover generally offered by a comprehensive policy, or would a lower level of cover be enough? Note that comprehensive car insurance does not cover you for injury or death caused to other people in an accident – that’s where compulsory third party (CTP) insurance comes in.įinding the car insurance policy that’s right for you could depend in part on what you can comfortably afford, so it may be worth considering the type of cover that suits your needs and your budget. However, your choice may affect your premiums. It may also provide additional types of cover, such as damage to your car from storms or vandalism, depending on the insurer and policy you choose.Ī comprehensive car insurance policy may also let you choose between market value and agreed value for your policy, meaning you could get a say in how much you’ll be paid in the event that your car is stolen or written off, depending on the policy. It provides a level of financial cover for damage to other people’s cars and property in an accident, damage to your own vehicle caused by fire or theft, and accidental damage to your own vehicle, regardless of who caused the damage. If your car is damaged or written off, or you damage someone else’s vehicle in an accident, the cost to you could be significant, and a car insurance policy is designed to cover the majority of that cost.Ĭomprehensive car insurance is the highest level of car insurance coverage in Australia. You should also read the Premium, Excess and Discount Guide (PEDG) and Financial Services Guide (FSG) by clicking on the links, or by callfor a paper copy.Car insurance in Australia gives drivers some protection from financial loss if their car is involved in an accident, is stolen, is damaged in a weather event or another risk included on your policy.

A Product Disclosure Statement (PDS) is available at all Commonwealth Bank branches, by downloading them from or by calland should be considered before making any decisions about this product. You should, before acting on this, consider the appropriateness of the product to your circumstances. This information has been prepared without considering your objectives, financial situation or needs. If you purchase a Car Insurance policy, CBA is paid a commission which is a percentage of your premium.įor products issued by Hollard, information about the target market can be found within the product’s Target Market Determination available here. CBA and its related entities do not sell, issue or guarantee the obligations or performance of Hollard or the products Hollard offers and this insurance product does not represent a deposit with or liability of either CBA or any of its related bodies corporate.

Car Insurance is provided and issued by Hollard Insurance Partners Limited ABN 96 067 524 216, AFSL 235030 (Hollard) and distributed by the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (CBA).

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