Don't start me on Insurance companies!!!
Bevans000, Like you, I thought NRMA were pretty good until I got the BA. I live in the most expensive insurance suburb in Australia (Cabramatta, NSW), and have been with NRMA for about the last 5 years, mainly for a) the convenience of pay-by-the-month, and b) no hassles about lack of a secure garage in my suburb.
I am over 30, and have held a 60% NCB (Rating 1) for 4 years.
The new XR6 was to be insured for an agreed value of $46500, which was the on-road drive away cost. When I switched my NRMA insurance from the old car to the new car, I was informed their full year premium would be $2448.
After initial pre-purchase quotes of around $2000, even I baulked at this increase, and started to shop around. After 3 days of calls, Allianz got my business with a quote of $1349 - a saving of $1099!!!
This policy also includes a new-for-old replacement clause in the first 12 months of the vehicles' life.
While policy prices vary wildly from state to state and suburb to suburb, I feel this difference is indicative of the surcharge you pay to cover the legal costs of the NRMA's continuing legal battles over the make up of its board of directors. As that's not something I feel the need to subsidize, I've gladly taken my business elsewhere.
Apart from the merits of peoples past experience with different companies in regard to the ease of claim experience, I'd say this should at least cause ANYONE who has a current policy with NRMA, that they - like me - would blindly renew each year, to at least look around at the alternatives available.
Many have also recommended FordInsure for new vehicles, and I've not heard anything bad about them, though I am told they don't offer the pay-by-the-month option if that is your preferred method of payment. Perhaps another member could confirm or deny this.
Hope this is of some help.
Editor: Street Fords Magazine - Issue #1 on sale MARCH 2005
Co Founder: 3FB Inc.
To see my old BA Falcon XR6, click HERE