CBA car insurance review

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

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Our verdict

Pros

  • Generous cover limits, including Up to $800for 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

Cons

  • Across multiple driver profiles, CBA'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 CBA compare with other car insurers?

We obtained quotes across a range of providers for a 30 year old male based in NSW.

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$1,117.48
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$1,974.75
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$2,166.09
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$2,075.50
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Allianz logo
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$1,917.48
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Showing 5 of 5 results

Compare CBA's policies

Finder Score Accidental damage Roadside assistance Fire and theft New Vehicle Replacement Hire car after theft
Commonwealth Bank logo
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  • If your car is written off in the first 2 years
  • Up to $75 per day - Up to 14 days
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    What additional cover options are available?

    CBA 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

    FAQs

    Sources

    Nicola Middlemiss's headshot
    Journalist

    Nicola Middlemiss is a journalist with nearly a decade of experience in personal finance and insurance. She has contributed to Domain, Yahoo Finance, Money Magazine and Insurance Business Australia, offering in-depth insights into commercial insurance in the Australian market. Nicola holds a Bachelor’s degree in English from the University of Leeds and a Tier 1 General Insurance (General Advice) certification, which complies with ASIC standards. See full bio

    Nicola's expertise
    Nicola has written 257 Finder guides across topics including:
    • Personal finance
    • Personal insurance, including car, health, home, life, pet and travel insurance
    • Commercial business insurance

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    One Response

      Peta Taylor's headshotFinder
      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: https://www.finder.com.au/car-insurance/high-risk-car-insurance. 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!
      Peta

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