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August 28, 2005
NRMA Insurance guarantees lowest price for new cars 15 August 2005 NRMA Insurance announced today it will guarantee to beat any genuine quote for comprehensive car insurance on brand new cars for the next four weeks. NRMA Insurance Head of Product & Underwriting, Mr Graeme Adams, said 2005 is proving to be a phenomenal year for new car sales and one that has provided opportunities for new car buyers. "Tariff cuts, fuel-efficient engines and cheaper cars were among the factors which drove a 4.5%* increase in new motor vehicle sales," he said. "With sales for new cars going through the roof, we are excited to be able to offer our new car customers a premium product and service at the best price available in the market today. "Our sophisticated pricing enables us to offer competitive premiums, and if customers can find a better price for brand new cars, we will not only match it - we'll beat it by $20." NRMA Insurance advises customers on the hunt for a new car and the most competitive insurance to take into account factors like make and model type, security features and safety levels, as these too dictate how the car will be priced for insurance. "Even though we have lowered our motor comprehensive premiums for new cars across the board, our prices can still vary between manufacturers, makes and models. We urge motorists to do their research and also consider safety and security features," added Mr Adams. NRMA Insurance is the only insurer to have its own industry research centre, which conducts studies on the safety, security and 'repairability' of a wide range of vehicles. This research helps NRMA Insurance cost its motor comprehensive insurance premiums accurately and gives them the knowledge to help people stay safe on the road. NRMA Insurance considers a number of factors to determine a comprehensive car insurance premium. These include: The driver's age; The driver's driving record; The cost of the vehicle; The vehicle's safety and security features; The vehicle's average repair costs based on NRMA Insurance's research; The suburb in which the vehicle will be garaged. "By being aware of these factors and choosing a vehicle that performs well in the safety, security and 'repairability' categories, customers can further reduce the cost of their comprehensive motor vehicle insurance," Mr Adams said. NRMA Insurance's extensive research on new vehicles in the Australian market can be found at www.nrma.com.au/carresearch About NRMA Insurance's Comprehensive Car Insurance: NRMA Insurance's Comprehensive Car Insurance covers accidental, malicious and storm damage, and theft and fire. It also includes $20 million liability cover for damage caused to someone else's car or property. In addition to providing customers with the lowest price on comprehensive car insurance for brand new cars, other product benefits include: If customers ever have to make a claim, one call is all that's needed to NRMA Insurance Teleclaims on 131 123 to get things started. NRMA Insurance Teleclaims is also open 24 hours, 7 days a week; NRMA Insurance can handle the entire repair process for its customers - from assistance in arranging the tow which may be needed after a crash, right through to organising an assessment of the vehicle, selecting a quality repairer for the job, and facilitating the repair work. In Sydney and Newcastle metropolitan areas, NRMA Insurance has opened Care & Repair Centres, offering customers an easy, safe, hassle free and efficient repair service. NRMA Insurance offers a lifetime guarantee for repair work it authorises; All NRMA Comprehensive Car Insurance customers have access to the NRMA Insurance Helpline - a 24 hour advice and referral service offering immediate help and emergency assistance. About the offer: NRMA Insurance guarantees to beat any genuine competitors' quote; Offer ends 12 September 2005; Offer based on price of NRMA Insurance's standard policy and excess compared to competitor's standard policy and excess; Offer applies to new policies only for vehicles insured in NSW and the ACT and is subject to normal underwriting guidelines; Excludes special discounts and offers.
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