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Car Insurance

Bank of Melbourne can help you find the motor insurance cover that suits your lifestyle and budget.
  • Choose from three levels of cover – Comprehensive, Third Party Property Damage, Fire & Theft, Third Party Property Damage
  • Take advantage of flexible payment options and pay monthly at no extra cost^

As a comprehensive policy holder, you may also be entitled to a new replacement vehicle if your vehicle was purchased new by you and becomes a total loss within 2 years of original registration.

Choose from three levels of cover to suit your needs:

Comprehensive Cover

This is the highest level of protection. It covers your insured vehicle against loss or damage caused by fire, theft, accidents and malicious damage.

Third Party Property Damage Fire & Theft

Cover for your insured vehicle as a result of loss or damage by fire or theft. It also covers your legal liability up to $20 million for loss or damage to someone else's property caused by a motor vehicle accident which is partly or fully the driver’s fault.

Third Party Property Damage

Covers your legal liability up to $20 million for loss or damage to someone else's property caused by a motor vehicle accident which is partly or fully the driver’s fault.

The table below provides a summary of the cover options, and key features and benefits which may assist in finding car insurance to suit your needs.

Conditions apply, so you should read the Product Disclosure Statement (‘PDS’) for Bank of Melbourne Prestige Motor Insurance (PDF 1mb) for full terms and conditions, including exclusions and limits.

 

Key benefits

Comprehensive Cover

Third Party Property Damage, Fire & Theft

Third Party Property Damage

  This is the highest level of motor insurance available. Covers you if your car damages other people's property and you're legally liable for the accident. Insures your car if it's damaged by fire or stolen. Covers you if you damage other people's property and you're legally liable for the accident.
Accidental loss or damage to vehicle      
Replacement of your new car (including on road costs) following a total loss if your car is within its first two years of original registration if your car was purchased new by you.      
Emergency repairs to get you home if your car is involved in an accident, is damaged or stolen Up to $500    
14 day car rental following theft Up to $75 per day    
Legal liability, including supplementary bodily injury up to $20 million      
Loss or damage caused by fire or theft*   Up to a market value of $5,000  
Personal effects and clothing damaged in an accident or stolen from your locked vehicle Up to $500    
Emergency accommodation Up to $400    
Transportation costs if your vehicle cannot be driven home following an accident Up to $400 if more than 200km from home    
Towing costs for your car following an accident      
Towing costs following fire or theft      
Legal liability cover for loss and damage while using a registered substitute vehicle. Up to $20 million      
Legal costs in defending claims covered by the policy      

Read the PDS (PDF 1mb) to make sure this insurance meets your needs.

If your car is stolen or maliciously damaged

You must call the police if your car is stolen or maliciously damaged. You may need to provide the name of the police officer and police station where you made the report.

If you are involved in an accident

  • Do not admit to anyone involved that you were at fault
  • Call 1800 825 866 as soon as possible
  • Write down the full names, addresses and phone numbers of all drivers, passengers and witnesses involved
  • Take all reasonable steps to prevent any further loss or damage from occurring
  • Write down the vehicle registration numbers and insurance details of all vehicles involved and gather any other evidence or information to support your claim (such as medical certificates and reports)
  • The insurer will advise you about the other aspects of the claims procedure which apply (this information can also be found in the policy terms and conditions).

You may need to provide us with this information when making a claim.

Insurance claim help
If you need assistance with your claim, call 1800 825 866 24 hours a day, 7 days a week to speak to a claims officer.

The Detail

Prestige Motor Insurance is issued by Allianz Australia Insurance Limited ABN 15 000 122 850 (Allianz). Bank of Melbourne - a Division of Westpac Banking Corporation ABN 33 007 457 141 arranges the insurance as agent of Allianz, but does not guarantee the insurance.  Policy terms, conditions, limits and exclusions apply.

This information does not take into account your personal circumstances. Read the Product Disclosure Statement (PDF 1mb) to see if this insurance is right for you. Call 1800 825 866.

^Premiums payable by instalments may be subject to minor adjustments due to rounding and financial institution transaction fees may apply.

* Or the insurer may choose to repair your car or pay you the reasonable cost of repairing your car.

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Bank of Melbourne’s Privacy Policy is available at bankofmelbourne.com.au or by calling 13 22 66. It covers:

  • How you can access the personal information Bank of Melbourne holds about you and ask for it to be corrected;
  • How you can complain about a breach of the Privacy Act 1988 (Cth) or a registered Code by Bank of Melbourne and how Bank of Melbourne will deal with your complaint; and
  • How Bank of Melbourne collect, hold, use and disclose your personal information in more detail.

© Bank of Melbourne - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.