161 replies to this topic

[Morgan]

I'm finding loyalty means nothing anymore.

 

Whoever is cheapest on the day will get the business.

[Hypnotic]

Yep, I've been with CGU for years. Evey year I go to cancel my contract because others are a lot cheaper, all of a sudden, BAM! herpes.

I mean, a newer cheaper contract magically appears.

[Liberty]

NRMA have introduced a new way of calculating your loyalty discount, you should've received the same letter I presume along with your insurance renewal XTFoz... For those that are unsure about it, there is one discount that applies across all eligible policies you have with NRMA. It depends on the number of consecutive years you've been with NRMA as well as the number of eligible policies you have, including the NRMA Motoring & Services Membership. For example, I have been with NRMA for one year and have three policies, so I receive a 7.5% loyalty discount on each of my eligible policies from their next renewal date. I also receive Claim Free Privilege Life. This replaces the No Claim Discount and means I get a 65% No Claim Bonus for the life of the policy regardless of how many claims I make.

 

At the moment I am receiving a 7.5% discount. 3-4 years it jumps to 10%, then 12.5% after 5-7 years, 15% for 8-9 years and finally 17.5% for 10+ years.

 

In conclusion and like I stated earlier, I have saved a total of $111.41 to date after being with NRMA for the past year. Whilst it isn't the biggest discount at the moment, the longer you are with them the better. Surely loyalty does pay off?

[BMX013]

im with nrma for my 05 wrx, im 24, for my rego i pay about 300 and for ctp im paying $700~
for full comp when in syd i was paying 150 a month for a 13500 value full comp, moved to canberra, 100$ a month for 16000 value lol.

[Liberty]

It's all about location unfortunately.

[zahmad]

It's all about location unfortunately.

This. And the specific car in question.

I had the same problem as XTFoz. It wasn't the discount that was the problem. Discount was great, but the actual premium is too damn high!

[Liberty]

When it comes to what car, I think they base that on how often that car has been involved in incidents and what not.

[zahmad]

When it comes to what car, I think they base that on how often that car has been involved in incidents and what not.

 

Yup. Which for me sucked.

[Jimbo]

Farkn farkn!!

CTP renewal in the mail today, cubnt has gone up again!!!

Last year $767.52

This year $881.48

WTF!

[Niko]

Wow.

 

Again I pay less than both those figures for CTP and Rego combined.

 

NSW is just a rip off.

[Jimbo]

$496 for 12 months rego. Mind you, $62 is the actual registration fee, the rest is "Motor Vehicle Tax".

[Samwise]

Yeah I got mine yesterday.

 

$860.

 

For what?!

[alexGT]

wow thats huge. mine have only ever been $650 max!

[argi]

i pay $516 with AAMI (CTP)

[patttyfox]

So got mine today..

$881.48 for 12 months with NRMA..

get forked.

[Jober]

Ring them up and you should get it back down to $550. This happened to me last week

[Jimbo]

Patty, mine's the same as yours to the cent.

[patttyfox]

Patty, mine's the same as yours to the cent.

Well I guess it's reassuring to know I'm not the only one who seems to be getting reamed..

[Miguel]

I'm paying just under 1k full comp though RACV on the RS, under 25. Interestingly when I was looking at wagons ausdel wagon was cheaper to insure than sedan and Legacy wagon was cheaper than both.

[Jimbo]

We're talking Compulsory Third Party insurance. Not sure what you guys have up there?

There's no way out of CTP here in NSW and there's no competition with it either so everyone's prices are very similar. Just another big rip-off in NSW thanks to the NSW government allowing it to be privatised back in the day. Give it a few years and I reckon it will be around the $1000 mark. 

So we cough up CTP, then you have your Comprehensive which is about another $1k then rego which is another nearly $500. In about 3 years time, I would have payed more than the purchase price of the car in on-road costs. Ridiculous.