HSBC Car Insurance

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HSBC is a global bank which provides car insurance as well as personal banking, home loans, personal loans, investment services, and other insurance products.

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See below for a snapshot of HSBC’s car insurance products on offer for a 30-39 year old female living in NSW who does not require an extra driver under 25. Before committing to a particular car insurance policy, check upfront with your provider and read the PDS to confirm whether it meets your needs.

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What types of car insurance does HSBC offer?

HSBC offers Comprehensive and Third Party Property Damage car insurance. Comprehensive car insurance is the highest level of cover offered by HSBC providing for fire, theft, accidents and malicious damage. It also covers your legal liability for loss or damage to someone else’s property caused by a motor vehicle accident which is partly or fully your fault. Third Party Property Damage only includes legal liability coverage. 

What additional features does HSBC offer on its car insurance products?

On its Comprehensive car insurance policy, HSBC allows you to add rental car following an accident, removal of basic excess for windscreen claims, and coverage for stolen or damaged tools of trade as optional extras. HSBC offers rental car following theft as a standard feature on its Comprehensive car insurance policy.  

 

HSBC car insurance FAQs

Depending on the type of insurance cover you choose, HSBC may insure your vehicle for either an agreed value or for market value. The value that applies to your vehicle will be shown on your policy schedule. Here’s an article which explains the difference between market value and agreed value.

Yes, HSBC allows you to nominate a higher or lower basic excess (the first amount you need to pay on each claim) within a range determined by HSBC. This may have an affect on the cost of your car insurance premiums. A higher excess will typically result in a lower premium, while a lower excess will typically result in a higher premium. HSBC says you cannot vary or remove any imposed excess such as age excess or unnamed driver excess.

You can obtain an online quote for HSBC car insurance by first comparing your options with Canstar and then generating a quote online.

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You can also apply direct on the HSBC website,  over the phone or at one of its branches. If you need help, you can call HSBC.

You can lodge a claim with HSBC online using the online claims form or over the phone.

To help complete your claim, HSBC recommends you have the following details at hand before you start:

  • Your policy number;
  • Information about the incident, such as the date and where the damage occurred;
  • Details about the loss or damage you’re claiming for; and
  • Information about any other people, vehicles or property involved.

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HSBC says it will send you a renewal notice at least 14 days prior to the expiry date of your policy. This will advise whether or not HSBC will offer renewal or not. If HSBC offers renewal, the renewal notice will set out the renewal terms, including the new premium and excess. If you are happy with the proposed renewal terms and don’t need to notify HSBC of any matter required in the renewal notice, HSBC will automatically renew your car insurance policy on the terms proposed.

Make sure you consider comparing car insurance policies before simply renewing the same policy.

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HSBC is one of the world’s largest financial services companies, with around 3,900 offices in more than 60 countries worldwide. HSBC first came to Australia in 1965 and began offering commercial banking in 1986. Today, the company has 40 branches and offices throughout Australia offering a range of consumer and institutional services.

HSBC Comprehensive Car Insurance

Canstar Research (based on New South Wales 30-49 Year Old Driver)
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Award: 2018 Car Insurance Star Ratings

Written by: Tamika Seeto | Last updated: January 30, 2019