Motor Vehicle Insurance

Oustanding protection for your car

We often invest a lot in our cars. Apart from its value, your car can also be an essential part of your daily life, so it deserves the best protection.

Geelong Bank is committed to providing the best cover and service to protect your car, through our trusted insurance partner, QBE. Relax and enjoy the drive, knowing should an accident happen, QBE is there to have you back on the road as quickly as possible.

QBE offers a range of cover options, so you can choose the one that suits you best.

Comprehensive

This provides complete cover, regardless of the number of licensed drivers using the vehicle. It protects you against theft, fire and damage to your car, as well as damage you may cause to another person’s car or property.

30+ plus nominated driver cover

If you’re a more experienced driver over the age of 30, and others under 30 won’t be driving the car, you can nominate two drivers over 30 and take out a full comprehensive policy at a discounted price.

Finance gap

With QBE’s comprehensive Motor Insurance, we’ll pay the difference between the total loss amount and the amount to pay out the finance agreement, up to a maximum of 25% of your vehicle’s sum insured where:

  • Your vehicle is declared a write off
  • Your vehicle is subject to a finance agreement through a financial institution
  • The outstanding balance of your finance agreement less any arrears exceeds your vehicle’s sum insured.

Third party fire and theft

This cover insures you for damage to other people’s property caused by your car. It also insures you for damage to your own car caused by fire or as a result of it being stolen, but doesn’t insure you for any accidental damage to your car.

New for old replacement option

Insure your brand new car with QBE within two years of purchase and, if it’s written off within the first four years of ownership or 100,000kms, whichever comes first, it’ll be replaced with a new one (conditions apply).

Summary of benefits

Benefits include

Comprehensive (including Nominated 30+ Driver Policies)

Third Party Fire and Theft (Victoria only)

Accidental loss or damage to your vehicle Yes No
Loss or damage caused by fire or theft Yes Yes
14 day hire car following theft Yes Yes
Windscreen or window glass breakage cover option Yes No
4 year new car replacement option Yes No
Repairs or replacement of single box trailer Yes No
Towing costs following loss or damage Yes No
Essential temporary repairs Yes No
Cover for personal items damaged in an accident Yes No
Hire car after accident option Yes No
Emergency accommodation and transport costs Yes No
Finance Gap cover Yes No
Uninsured motorist benefit Yes Yes
Legal liability for damaged caused by your passenger to another person's property Yes Yes
Legal liability for other people driving your vehicle Yes Yes
Legal cost incurred in relation to legal liability cover Yes Yes

Ways to save

QBE has made it possible for you to enjoy a range of discounts on your premium:

  • A choice of excess

Excess is the amount you’ll need to pay if you make a claim. You can tailor your premium by selecting your vehicle excess.

  • No claim bonus

If you’ve been claim-free for a period of 12 months or more, you may qualify for a no-claim bonus of up to 60% off the base premium.

  • Multi-policy discount is available on your first policy after renewal and is only available for Home, Landlords and Motor Vehicle policies that are purchased on referral from Geelong Bank.

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