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CommBank car insurance review

CommBank’s car insurance offers generous cover, but policies are costly - especially for young drivers.

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Our verdict


  • Generous cover limits, including Up to $800 for emergency repairs
  • Pay your premiums monthly at no extra cost
  • Up to $1,000 for vet fees if your pet is injured in an insured event


  • Across multiple driver profiles, CommBank's premiums were 25% higher than average
  • Premiums are extremely expensive for young people
  • There's no cover available for tools of trade

How does CommBank compare with other car insurers?

As part of the 2024 Finder car insurance awards, we compared over 30 comprehensive car insurance policies. CommBank has generous benefit limits compared to many other car insurance brands, but its premiums are also significantly higher than average - particularly for young people. If price is your priority, you'll likely find cheaper car insurance elsewhere.


1 - 5 of 5
Name Product Choice of repairer New Car Replacement Roadside assistance Hail, storm and flood damage
Commonwealth Bank Comprehensive
  • If your car is written off in the first 2 years
  • Budget Direct Comprehensive
  • If your car is written off in the first 2 years or 40,000 km
  • Optional
    Finder's summary: The 2024 winner of our Best Value Car Insurance award. It's cheaper than most, plus you can lower costs by adding age restrictions.

    ⭐ Current offer: 15% off your first year's premium when you take out a policy online. T&Cs apply.

    Who it might be good for: Anyone who wants a good value policy.
    NRMA Comprehensive
  • If your car is written off in the first 2 years
  • Optional
    AAMI Comprehensive Car Insurance
  • If your car is written off or stolen in the first 2 years
  • Optional
    Finder's summary: AAMI's comprehensive policy includes cover for legal modifications and accessories and up to $20 million cover for damage to other people's property. Optional extras like windscreen and window glass cover is also available.

    ⭐ Current offers: Save $50 when you buy a new comprehensive car insurance policy online. T&Cs apply.

    Who it might be good for: Safe drivers can benefit from the AAMI Safe Driver Rewards® program.
    Allianz Comprehensive
  • If your car is written off or stolen in the first 2 years
  • Finder’s summary: Allianz is good if you want agreed value (this lets you agree on an amount to cover your car for). For a big insurer, it also has a strong customer service record.

    Who it might be good for: Anyone who wants good customer service and agreed value cover.


    CommBank has fairly expensive premiums with an average annual cost of $1,698 - 25% higher than average. Younger drivers saw even higher premiums, some even surpassing $4,000. However, this is coupled with higher benefit limits and the best car insurance for you may not always be dependent on price alone.

    Keep in mind, the below table is based off a fictional profile and your own quote will differ.

    InsurerNSWQLDSATASVICWAAustralia averageApply
    Commbank logo$2,122$1,517$1,542$1,240$2,230$1,536$1,698More info
    Budget Direct Logo$1,148$941$978$829$1,180$880$992Get quote
    youi$1,640$1,307$1,087$1,155$1,599$1,363$1,359Get quote
    NRMA logo$2,027$1,154$1,038$1,004N/A$1,034$1,043More info
    AAMI$1,884$1,106$1,015$985$1,318$1,002$1,218More info

    About our car insurance methodology

    Compare CommBank's policies

    Name Product Accidental damage Roadside assistance Fire and theft New Car Replacement Hire car after theft
    Commonwealth Bank Comprehensive
  • If your car is written off in the first 2 years
  • Up to $75 per day - Up to 14 days
  • Commonwealth Bank Third Party Property Damage, Fire and Theft
  • Commonwealth Bank Third Party Property Damage
  • loading

    What additional cover options are available?

    CommBank offers a range of cover options to customise your policy, including:

    • Hire car following an incident - Get a hire car if yours is out of action due to an insured event
    • Removal of excess for glass damage - get one excess-free glass damage claim per year
    • Protected No Claim Discount - Make one claim without impacting your No Claim Discount
    • Driver age restriction - Restrict cover to drivers aged 30 and over, to lower your premium

    Why you can trust Finder's car insurance experts


    We're free

    You pay the same as buying directly from the car insurer. Better still, we regularly run exclusive deals that you won't find on any other site – plus, our tables make it easy to compare policies.
    expert advice

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    Our team of car insurance experts have researched and rated dozens of policies as part of our Finder Awards and published 330+ guides to make it easier for you to compare.

    We're independent

    Unlike other comparison sites, we're not owned by an insurer. That means our opinions are our own and we work with lots of car insurance brands, making it easier for you to find a good deal.

    We're here to help

    Since 2014, we've helped 300,000+ people find car insurance by explaining your cover options, simply and clearly. We'll never ask for your number or email. We're here to help you make a decision.


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    One Response

      PetaAugust 21, 2023Finder

      Hi John,
      Without knowing your full driving history, it’s hard to suggest car insurers that may be a good fit for you. If your previous claims have been due to at fault accidents, then you may find this page helpful: If your previous claims are related to other things, then I’d suggest getting in touch with an insurance broker to see if they can connect you with any specialist providers.
      All the best!

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