Specialised cover for electric vehicles
Your EV deserves cover tailored to its particular needs. Our Comprehensive Car Insurance includes coverage for thermal runaway of your vehicle's battery, wall chargers and charging cables & accessories owned by you. We'll even let your choose your own repairer11.
Get a quote today and give your EV the kind of cover it deserves.
Why insure your electric vehicle with us?
Enjoy all the benefits of Great Southern Bank Comprehensive Car Insurance plus a range of inclusions designed specifically for EVs.
These include:
- Your choice of repairer11.
- Cover for fire, including battery thermal runway.
- Cover for charging equipment owned by you (e.g. wall chargers, mounts, and cables).
Comprehensive Car Insurance for your electric vehicle
Great Southern Bank offers a single Comprehensive Car Insurance product suitable for petrol, hybrid and electric vehicles. Our comprehensive car insurance comes with lots of EV-friendly features.
We include as standard coverage for battery fires (Thermal Runaway), accidental damage to your charging cables, wall mounts and wall chargers that are owned by you.
You can also access our selected EV repairers or choose your own as standard 11.
- Covers your car and the damage you cause
- Choice of repairer included11
- Option to pay monthly at no extra cost6
Why choose Great Southern Bank?
Electric vehicle insurance explained
Electric vehicle (EV) insurance can sometimes be more expensive than insurance for a traditional petrol or diesel vehicle. This is mainly due to:
- Higher upfront cost of EVs compared to similar-sized petrol cars.
- Specialised parts, such as the lithium-ion battery, which can be costly to repair or replace.
- Fewer qualified mechanics and repair shops for EVs, which can result in higher labour costs.
You can potentially lower insurance costs by:
- Increasing your excessThe excess is a specified amount you need to pay when you make a claim. By increasing the excess, you may be able to lower your base premium. This is only available with Comprehensive Car Insurance.
- Unnamed driver excess optionYou may be able to save by selecting the "Unnamed Driver excess Option" and naming all the drivers on your comprehensive car insurance policy. Unnamed drivers will attract a $2,500 excess.
Get a quote today to see how we compare.
Comprehensive cover provides cover for your vehicle and the damage it causes to other vehicles. Electric Vehicles are no different.
It’s recommended that EV owners consider a comprehensive level of cover, the decision on what level of cover is yours to make.
- Comprehensive Car InsuranceOur policy provides coverage for accidental damage, theft, vandalism, and natural disasters. It also includes cover for damage you cause to other people's vehicles and property when involved in an accident.
- Third-Party Property DamageOur Third Party Property Damage Car Insurance only covers for damage to other vehicles or property in an accident. Your EV would not be covered under this policy (Except for the limited circumstances contained in the PDS).
- EV-Specific featuresFor EV owners, Great Southern Bank Comprehensive Car Insurance also includes coverage for battery-related fire incidents (thermal runaway), loss or damage to charging accessories owned by you, and loss or damage to your EV battery resulting from accidents.
Other benefits of Great Southern Bank Comprehensive Car Insurance for electric vehicles include:
- New car replacement after a total lossIf your new EV is stolen or written off within two years of manufacture, we can replace it with the same make and model where available or pay you the agreed/market value as listed on your policy.
- EV certified repairerFinding an EV repairer can be hard. With Great Southern Bank Comprehensive Car Insurance, you'll have access to our selected EV repairers, or you can choose your own11.
- Removal of excess for windscreen damage-only claims4 (optional benefit)If you add this optional benefit to your policy, you won't have to pay an excess for a windscreen, window glass or sun roof claim (as long as that's the only damage to your vehicle).
- Agreed valueElectric vehicle prices continue to fluctuate with market conditions, Agreed value can provide you with peace of mind that you will be covered for a predetermined amount, regardless of your car's depreciation for the duration of your policy which is generally 12 months.
Agreed value is different from market value cover, where you’re insured for the reasonable replacement cost based on what your car is worth at the time you need to claim.
Agreed value cover is only available with our Comprehensive Car Insurance.
Yes, Great Southern Bank Comprehensive Car Insurance includes cover for:
- Battery replacement or repair if it is damaged due to an insured event (such as an accident or fire).
- Charging cables and home charging stations that are owned by you if they are lost, stolen, or damaged.
- Thermal runaway (fire from battery overheating), which is a specific risk for EVs and concern for EV drivers.
However, wear and tear or gradual battery degradation over time are not covered by our policy.
While not exclusive to EVs, our Comprehensive Car Insurance offers the following discounts to eligible customers:
- Online DiscountUp to 10% off the first years' premium when you quote and buy a new Great Southern Bank Comprehensive Car Insurance policy online1,4.
- Safe driver discountA Safe driver discount of up to 10% may be applied to your policy. A Safe driver discount reflects your insurance history, driving history and the number of claims you have made4.
To lower your electric vehicle insurance costs you may wish to consider:
- Increasing your excessThe excess is a specified amount you need to pay when you make a claim. By increasing the excess, you may be able to lower your base premium. This is only available with Comprehensive Car Insurance.
- Unnamed driver excess optionYou may be able to save by selecting the "Unnamed Driver excess Option" and naming all the drivers on your comprehensive car insurance policy. Unnamed drivers will attract a $2,500 excess.
No, electric vehicles do not need specialised insurance, but it's important to consider the features the policy covers like:
- Cover for your battery.
- Cover for the charging equipment and accessories that you own.
- Fire-risk coverage (including Battery Thermal Runaway).
- Access to EV Manufacturer approved repairers for specialised repairs11.
Great Southern Bank Comprehensive Car Insurance includes all of the above benefits as standard.
Hybrid vehicles (HEVs) and Plug-In Electric Hybrid vehicles (PHEVs) share some of the same insurance considerations as fully electric cars(EVs), such as:
- Higher repair costs due to specialised parts.
- Battery coverage concerns for hybrid power systems.
- Charging equipment and charging accessories such as wall chargers, charging cables and wall mounts. (PHEVs)
Whether you drive a hybrid vehicle (HEV), plug-in electric hybrid vehicle (PHEV) or an electric vehicle (EV), you will receive the same great benefits.
Installing a home EV charger may impact your home insurance, as it is considered additional property infrastructure. You should always contact your insurance company before installing an EV charging station to check that coverage will be provided.
Running out of battery power is not covered under our Comprehensive Car Insurance policy. However, its a good idea to ensure that you have roadside assistance to provide coverage for these situations.
While we don't offer roadside assistance, some manufacturers include it for a period of time when purchasing a new vehicle. This being the case, it's a good idea to have roadside assistance so that you're covered in this situation.
It's always a wise move to locate nearby charging stations before setting off on long journeys. Two apps that can help you do this are*:
- A Better Route Planner (ABRP)
Simply select your vehicle model, enter your destination and hit plan to get a full trip plan including charge stops and trip duration. - PlugShare
Ideal if you want to see all the charging stations in a particular location. PlugShare will also tell you if they're in use or not.
*Great Southern Bank is not affiliated with these apps and you should make your own enquiries to understand the suitability for your needs.
Yes, if your electric car requires repairs, you can select from our network of EV-capable repairers or choose your own repairer at no extra cost11.
Insurance that's as efficient as your EV
Give us basic details about you and your car to receive a quote on the spot.
After a few more details to arrange payment via a simple check out method, the insurance is yours.
We'll email you the important documents so you can drive with confidence.
Ready to get started?
Applicable to Car, Home, Landlords & Caravan & Trailer Insurance products
Great Southern Bank, a business name of Credit Union Australia Ltd ABN 44 087 650 959 AFSL 238317 arranges this insurance as an agent for the insurer Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL No 234708. Great Southern Bank does not guarantee or otherwise support this insurance product. We do not provide any advice based on any consideration of your objectives, financial situation or needs. Policy terms, conditions, limits, exclusions and underwriting criteria apply. Before making a decision, please consider the relevant Product Disclosure Statement & Target Market Determination available from the Great Southern Bank website or by calling 133 282. If you purchase this insurance, we will receive a commission that is a percentage of the premium. Ask us for more details before we provide you with services.
1. Online Discounts (See applicable products below)
Car Insurance Only
The online discount applies when you quote and buy a new Comprehensive Motor Insurance policies only. Any online discounts offered are applied to Allianz’s standard rates, excluding optional covers, and are for the first year’s premium only, unless otherwise stated. Promotional or other discounts may apply from time to time for customers who apply for insurance using other methods.
Home Insurance Only
When you both quote and buy a new home insurance policy online a discount of up to 10% is applied to your first year’s premium. This discount is not applied to Domestic workers’ compensation (if available and selected, not available from 21 December 2025), or upon renewal. Minimum premiums may apply.
Landlord Insurance Only
When you both quote and buy a new Landlord insurance policy online a premium discount of up to 10% is applied to your first year’s premium. This discount is not applied to Landlord workers’ compensation (if available and selected, not available from 21 December 2025), or upon renewal. Minimum premiums may apply.
2. Combined Discounts - Applicable for Home & Contents Insurance products only
A discount of up to 10% is applied to your premium when you combine Buildings and Contents on one Home and Contents Insurance policy, including the optional covers (if selected): Motor Burnout and Accidental Damage cover. The combined discount doesn't apply to any flood component of the premium (where covered) or to the optional covers Portable contents (if selected) and Domestic workers’ compensation (if available and selected, not available from 21 December 2025). Minimum premiums may apply.
3. No Claims Bonus - Applicable for Home and landlords Insurance products only
When you take out a new policy, we calculate your No Claims Bonus (NCB) based on your home or landlord (as applicable) insurance claims history. To qualify for the maximum No Claim Bonus of up to 30%, home insurance customers must have had no Building or Contents insurance claims in the preceding 5 years. Landlord customers must have had no Landlord insurance claims in the preceding 3 years. However, customers who have had claims may still qualify for a reduced No Claim Bonus. We won’t apply the full percentage of the No Claim Bonus if it results in you paying less than the minimum premium.
Home Insurance Only
The No Claim Bonus isn’t applied to the flood component of the premium (if covered) or Domestic workers’ compensation (if available and selected, not available from 21 December 2025) or Portable contents (if selected).
Landlords Insurance Only
The No Claim Bonus isn’t applied to the flood component of the premium (if covered), or Landlord workers’ compensation (if available and selected, not available from 21 December 2025).
4. Minimum Premiums - Applicable for Car, Home & Landlords Insurance products only
Where discounts are applied, your premium is subject to rounding. If more than one discount applies, they’re applied in a predetermined order, so the later discounts apply to the amount already reduced by the earlier discounts instead of the total amount. Discounts do not apply to government taxes and charges. Discounts may not be applied to the premium for optional covers.
Most discounts won’t apply below the minimum amount payable for the policy.
5. Option to change your excess - Applicable for Home & Landlords Insurance products only
Home Insurance Only
Not available with respect to any additional compulsory excess, any imposed excess applied to the policy, or to the Portable contents excess (if Portable Contents is selected). Any reduction in premium won’t be applied to government taxes and charges, any flood component of the premium (where covered), or to the optional covers Portable contents (if selected) and Domestic Workers’ compensation (if available and selected, not available from 21 December 2025). Minimum premiums may apply.
Landlord Insurance Only
Not available with respect to any additional compulsory excess, or to any imposed excess applied to the policy. Any reduction in premium won’t be applied to government taxes and charges, any flood component of the premium (where covered), or to Landlord’s workers compensation (if available and selected, not available from 21 December 2025) and the Theft by Tenant part of the optional cover Rent Default and Theft by Tenant (if selected). Minimum premiums may apply.
6. Instalment premiums - Applicable for Car, Home & Landlords Insurance products only
If you choose to pay your premium by instalments, you do not pay us any more than if you pay your premium in one lump sum annually. The premiums payable by instalments may be subject to minor adjustments (upwards or downwards) due to rounding. Note: Your financial institution may apply transaction fees to instalment payments.
7. 72 Hour exclusion period - Applicable for Home & Landlords Insurance products only
We may not provide cover for any loss of or damage to your property caused by cyclone, flood, flood water combined with run-off and/or rainwater, grassfires and bushfires during the first 72 hours after you first purchase a policy or increase your cover under an existing policy. Refer to PDS for when exclusion periods apply.
8. Earthquake excess - Applicable for Home & Landlords Insurance products only
An additional imposed excess amount of $250 applies for each claim or loss or damage caused by an earthquake or tsunami, or a series of earthquake or tsunamis, during any period of 48 consecutive hours.
9. Rental Car limits - Applicable for Car Insurance products only
Allianz will extend your rental car or daily travel allowance period to the extent that Allianz caused or contributed to the delay in repairing your vehicle.
10. Safe Driver Discount - Applicable for Car Insurance products only
Safe Driver Discount applies to Comprehensive Car Insurance policies only. Any discount entitlement is determined by the insurance history and driving history of all drivers on the policy and the number of claims made by them. If eligible, the maximum Safe Driver Discount that may be applied on new policies is up to 10%. For more information see the Premium, Excess, Discount and Options Guide (PED).
11. Choice of Repairer - Applicable for Car Insurance products only
Allianz may authorise repairs at your repairer of choice; pay you the reasonable costs of repairing your vehicle; or move your vehicle to another repairer we both agree upon. We will act reasonable in doing so.
12. Cover Limits - Applicable to Life Insurance products only
Cover available up to $1,500,000 for persons aged 19-45, up to $1,000,000 for persons aged 46-54, up to $750,000 for persons aged 55-59 and up to $500,000 for persons aged 60-69.
Applicable to Life Insurance products only
Ezicover Life Insurance is issued by Zurich Australia Limited (Zurich) ABN 92 000 010 195 AFSL 232510 of 118 Mount Street, North Sydney, NSW 2060. Zurich has prepared the information on this website about Ezicover Life Insurance and Great Southern Bank is simply passing the information onto you. This information is of a general nature only and does not take in to account your objectives, financial situation or needs. You should consider these factors and the relevant Product Disclosure Statement, the relevant target market determination here, which contains details of conditions, limits and exclusions of cover, before making a decision regarding the product. Great Southern Bank does not recommend, endorse or advise you about this insurance. Great Southern Bank can only refer you to Zurich. If you buy an Ezicover policy, Great Southern Bank will receive a referral commission from Zurich of 20% (plus GST) of your insurance premium. This amount is paid by Zurich and is not an additional cost to you. This information is current as at 27 September 2021 and is subject to change. PDR GCLS-017496-2021