BMW Car Insurance

Get sheer driving pleasure and security with BMW Car Insurance

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Alexandra Koster

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4.7 based on 830 reviews

Key takeaways

  • BMW Prestige Motor Vehicle Insurance offers comprehensive cover underwritten by Allianz Australia.
  • Benefit from new car replacement for vehicles under three years old using genuine BMW parts.
  • Consider options like a higher excess or restricted drivers to reduce your premium costs.

Pros

  • Repairs use genuine BMW parts and factory-trained mechanics.
  • Replaces your car with a new one if it's written off within three years of first registration.
  • You have the freedom to choose your own repairer.

Cons

  • The theft hire car benefit is restricted to drivers aged 25 and over.
  • You have to pay your full standard excess for windscreen claims unless you pay for an extra add-on.
  • Claims can be denied if your car isn't kept roadworthy or if repairs start before the insurer approves them.

BMW Comprehensive Car Insurance Overview

Finder Score Accidental damage Roadside assistance Fire and theft New Vehicle Replacement Hire car after theft
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BMW Premier Comprehensive
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Standalone
  • If your car is written off in the first 3 years
  • Up to $100 per day - Up to 30 days
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    Finder Score for car insurance

    We analyse over 30 car insurance products across insurance providers, and rate each one for price and features. We collect up to 36 quotes per product, for male and female drivers in New South Wales, Victoria, Queensland, South Australia, Tasmania and Western Australia. Quotes are collected for 20 year olds, 30 year olds and 60 year olds, assuming an excess of $850 for a 2020 Toyota Corolla 4 door sedan model, with an average 15,000 kms driven each year. While we are not allowed to display actual quotes, our Finder Score aims to serve as an indicative guide to how cost and feature competitive a product might be for you.

    Our feature score assesses each product for more than 15 features across loss and damage coverage, repairs and assistance coverage, personal items coverage and policy coverage. Features we assess include but are not limited to legal liability, essential repairs, new car replacement, car hire events, roadside assistance, agreed or market value, windscreen damage and natural disaster coverage.

    Read the full methodology

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    Why choose BMW car insurance?

    The following features and options are available through BMW car insurance:

    • Three-year new car replacement. If your car is written off in the first 3 years of its original registration, it is replaced with a new vehicle of the same make and model rather than a depreciated market value payout.
    • Genuine manufacturer parts. Approved repairs are completed using new genuine BMW parts where locally available, ensuring the car maintains its factory specifications and safety standards.
    • Choice of preferred repairer. You have the flexibility to select an Accredited BMW Repairer or nominate another repairer of your choice for any authorised repair work.
    • No monthly payment penalties. You can choose to pay your insurance premium in monthly instalments at no additional cost compared to paying the total premium annually.
    • Extended rental car provision. If your vehicle is stolen or involved in a not-at-fault collision, the policy covers a rental car for up to 30 days (at a maximum of $100 per day) to keep you mobile.
    • Key and lock cover. The policy automatically includes up to $1,000 to cover the costs of re-keying or re-coding your vehicle's locks following a covered incident or theft.

    What isn't covered by a BMW policy?

    To ensure you know exactly what is and isn't covered, always read the product disclosure statement. The following list reflects some of the general exclusions found in the BMW car insurance product disclosure statement:

    • Unlicensed or suspended drivers
    • Driving under the influence of alcohol or drugs
    • Racing, trials, or use on a racetrack
    • Mechanical, structural, or electrical breakdown
    • Wear and tear, rust, or corrosion
    • Commercial, hire, or ride-sharing use
    • Unsafe or unroadworthy vehicles
    • Tyre damage (punctures, cuts, or bursts)
    • Consequential loss
    • Overloading beyond legal limits
    • Use of incorrect fuel or lubricants
    • Intentional damage
    • Pre-existing damage
    • Unlawful purposes or carrying hazardous goods

    How to make an online claim

    The following steps are required to submit a car insurance claim through the BMW car insurance website:

    1. Access the portal. Log in to the BMW Insurance claims page using your policy number and name.
    2. Log incident details. Enter the date, time, and location. Select the incident type.
    3. Identify other parties. Provide names, addresses, and vehicle registrations for all other drivers or witnesses involved.
    4. Upload evidence. Attach photos of the damage and provide the police report number if applicable.
    5. Confirm excess. Review the excess amounts specified in your policy; these may need to be paid upon lodgement.
    6. Submit. Send the claim to receive a reference number for tracking repairs or settlement status.

    FAQs

    Sources

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    Alexandra Koster was Finder's publisher for car, home and pet insurance. She has a Tier 1 certification in General Insurance, as well as a Bachelor of Arts in Film and Cultural Studies from the University of Sydney. Her hobbies include reading Product Disclosure Statements and deciphering complicated insurance lingo to help people save on their insurance so that they can spend their money on better things – like dogs. See full bio

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    2 Responses

      Sinnathamby's avatar
      SinnathambyAugust 11, 2017

      How can I put a complaint regarding my accident claim?

        Liezl's avatar
        LiezlAugust 11, 2017

        Hi Sinnathamby,

        Thanks for your question.

        If you’ve already made a formal complaint to the insurance company and you didn’t receive a response in a reasonable time or you’re unhappy with their response, you can contact the Financial Ombudsman Service (FOS) for a resolution.

        Cheers,
        Liezl

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