Beyond Bank provides motor insurance options underwritten by Allianz Australia Insurance Limited. Members can choose between Comprehensive Motor Insurance, which protects your own vehicle and covers legal liability, and Third Party Property Damage Motor Insurance, which focuses on your liability for damage caused to others.
When you purchase this insurance through Beyond Bank, you are arranging a policy underwritten by Allianz. Because Beyond Bank distributes these products, the bank receives a commission on the premium. You should always read the Product Disclosure Statement (PDS) to ensure the specific coverage limits and exclusions align with your financial situation and needs.
Motor Insurance Options
| Category | Details |
|---|---|
| Available Methods | Online quote and purchase via Beyond Bank website |
| Processing Time | Quote generation is immediate; policy issuance follows checkout |
| Eligibility | Available to Australian residents with insurable vehicles |
| Key Requirements | Vehicle details, driver history, and payment information |
How to Obtain a Quote
Securing a policy involves providing accurate details about your vehicle and driving history to the insurer's portal. Follow this sequence:
- Navigate to the official Beyond Bank motor insurance page: https://www.beyondbank.com.au/insurance/car/
- Select the "Get a Quote" option to begin the online assessment.
- Enter the make, model, year, and primary usage details of your vehicle.
- Provide information regarding your driving history and the location where the vehicle is typically parked overnight.
- Review the quotes for Comprehensive or Third Party Property Damage options.
- Finalize your purchase by entering payment details through the secure checkout system.
Troubleshooting
1. MFA or Login Verification Issues
- Cause: Technical delays in receiving verification codes often stem from outdated contact information in your bank profile.
- Simple Fix: Confirm your mobile number is current within your internet banking profile before starting the insurance application.
- Fallback Action: Call Beyond Bank on 13 25 85 to update your details or process your inquiry over the phone.
2. Browser or System Errors
- Cause: Old browser versions or stored cache can conflict with the online quote portal's security scripts.
- Simple Fix: Use a modern, updated browser or clear your current session's cookies and cache.
- Fallback Action: Switch to a different device or browser if the quote tool fails to generate a result.
3. Application Lockouts
- Cause: Abandoning a quote session or entering inconsistent data multiple times may cause the portal to restrict further attempts for security.
- Simple Fix: Wait 30 minutes before starting a fresh quote session in a new browser tab.
- Fallback Action: If the error persists, call 13 25 85 to have a consultant generate the quote manually.
Pro-Tip: Before purchasing, check if you qualify for an online discount. Beyond Bank often provides an initial premium reduction for new comprehensive policies purchased online, which effectively lowers your first-year cost.
Frequently Asked Questions
What is the difference between Comprehensive and Third Party cover?
Comprehensive insurance covers accidental loss or damage to your own vehicle—such as from fire, theft, or collisions—as well as your liability for damage caused to others. Third Party Property Damage only covers the damage you cause to someone else’s property and does not cover repairs to your own car. If you have a high-value vehicle, Comprehensive is generally the preferred choice. Your next step is to compare the PDS of both to see which aligns with your vehicle's value.
How do I lodge a claim for my insurance?
Claims for motor insurance are managed by the underwriter, Allianz. You can lodge your claim online 24/7 through the Beyond Bank insurance portal. The system will guide you through the required documentation, such as incident reports and photos. If you are involved in a major accident, your first step is to ensure everyone's safety and contact emergency services before recording incident details for your claim.
Can I pay my insurance premiums in instalments?
Yes, the policy allows you to pay your premiums in instalments without an extra charge compared to an annual lump sum. This system is designed to help you manage your cash flow more effectively throughout the year. The exception is that minor rounding adjustments may apply to the instalment amounts. If you prefer this option, select "monthly payments" during the final checkout stage.
