This NRMA Motor Insurance Premium, Excess & Discounts Guide forms part of the NRMA Motor Insurance Product Disclosure Statement and Policy Booklet (PDS) (QLD) Edition 1, dated 3 March 2009.
It applies to policies with a commencement date or renewal date on or after 16 November 2010.
An excess is an amount you pay when you lodge a claim. The amount and types of excess payable are shown on your current Certificate of Insurance. You may have to pay more than one type of excess depending on your circumstances.
There are three types of excess:
- Basic
- Age
- Special
Basic excess
If you make any type of claim you must pay any basic excess that applies. We determine the basic excess that will apply at the time a policy is taken out based upon the type of insurance you have chosen and whether you are insuring a motor vehicle or motorcycle.
| Comprehensive | Third Party Fire & Theft | Third Party Property Damage | |||
| Motor Vehicle | Motorcycle | Motor Vehicle | Motor Vehicle | Motorcycle | |
| Basic excess from | $600 | $600 | $600 | $600 | $600 |
In some circumstances, factors such as:
- the value of the vehicle you are insuring, and
- the age of the drivers of your vehicle
will result in a higher basic excess amount than shown above. In these circumstances you will not be able to choose any other basic excess amount.
Your basic excess amount will be shown on your current Certificate of Insurance.
Choice of Excess Discount for Comprehensive Motor Vehicle Insurance
You may be entitled to vary your basic excess amount. If you choose a higher basic excess on your Policy, you can decrease your premium.
You may also choose to lower or remove your basic excess by paying an additional premium.
What are the choices of basic excess for Comprehensive Motor Vehicle Insurance?
You may choose one of the following excess amounts as your basic excess:
- $0
- $300
- $600
- $800
- $1000
- $1500
- $2000
For more information on the discount available on your premium if you choose a higher basic excess, please see the Discounts section of this guide.
Age excess
This excess is paid in addition to any basic excess and applies to:
- any driver under 25 years of age, or
- any driver 25 years of age or over with no more than 2 years driving experience after obtaining a provisional or probationary licence
but does not apply to:
- a learner driver who was accompanied by a fully licensed driver aged 25 years of age or more.
The following three tables explain what age excess may apply at the time of a claim:
If you have named an under 25 year old as a driver on your Policy:
| Insurance Type | Age Excess |
|---|---|
| Motor Vehicle Comprehensive | $400 |
| Motor Vehicle Third Party Fire & Theft | |
| Motor Vehicle Third Party Property Damage | |
| Motorcycle Comprehensive | $300 |
| Motorcycle Third Party Property Damage |
If the driver of your motor vehicle or motorcycle is under 25 years of age and you have not named an under 25 year old driver on your Policy:
| Insurance Type | Age Excess |
|---|---|
| Motor Insurance | $1,600 |
If the driver of your vehicle is 25 years of age or over with no more than 2 years driving experience after obtaining a provisional or probationary licence:
| Insurance Type | Age Excess |
|---|---|
| Motor Insurance | $300 |
You cannot pay an additional premium to remove an age excess.
Special excess
We may decide to apply a special excess to an individual owner or driver, or in relation to a specific incident, taking into account such factors as the type of vehicle and owner or driver incident, claims or traffic offence history.
The amount of the special excess will be shown on your current Certificate of Insurance and generally ranges from $200 to $2,500.
A special excess is payable in addition to your basic or age excess.
You cannot pay an additional premium to remove a special excess.
When an excess does not apply
There are a number of instances in which you will not be required to pay an excess when we pay your claim:
| Insurance Type | If you make a claim for | Then you will NOT have to pay an |
|---|---|---|
| Comprehensive Motor | Theft or attempted theft | Age excess |
| Comprehensive Motor | Windscreen, sunroof or window glass damage only | Age or special excess |
| Comprehensive Motor | Storm, flood or fire damage | Age or special excess |
| Comprehensive Motor | Vandalism or a malicious act | Age or special excess |
| Comprehensive Motor | Damage to the vehicle while it is parked | Age or special excess |
| Comprehensive Motor | An incident that we agree was not in any way the fault of you, the driver of, or a passenger in your vehicle and
|
Basic, age or special excess |
| Comprehensive Motor | Windscreen, sunroof or window glass damage only | Basic, age or special excess (only when you have chosen the Windscreen option) |
| Third Party Fire & Theft | Fire | Age or special excess |
| Third Party Fire & Theft | Theft | Age excess |
| Third Party Fire & Theft | Insured Motorist Damage | Age, basic or special excess |
| Third Party Fire & Theft | Uninsured Motorist Damage | Age, basic or special excess |
| Third Party Property Damage | Uninsured Motorist Damage | Age, basic or special excess |
If there is anything you don't understand about this NRMA Motor Insurance Premium, Excess & Discounts Guide, please call us on 132 132 or visit your local office.
Print or download a PDF of this guide
NRMA Motor Insurance Premium, Excess and Discounts Guide (QLD) - Policies commencing on or after 16 November 2010
NRMA Motor Insurance Premium, Excess and Discounts Guide (QLD) - Policies commencing 16/08/10 to 15/11/10
NRMA Motor Insurance Premium, Excess and Discounts Guide (QLD) - Policies commencing 14/12/09 to 15/08/10
NRMA Motor Insurance Premium, Excess and Discounts Guide (QLD) - Policies commencing 19/10/09 to 13/12/09
NRMA Motor Insurance Premium, Excess and Discounts Guide (QLD) - Policies commencing 17/09/2009 to 18/10/2009 or with a renewal date of 12/10/2009 to 18/10/2009
NRMA Motor Insurance Premium, Excess and Discounts Guide (QLD) - Policies commencing 02/07/2009 to 16/09/2009
NRMA Motor Insurance Premium, Excess and Discounts Guide (QLD) - Policies commencing 28/09/2008 to 01/07/2009