NRMA (formerly known as National Roads and Motorists Association) is best known for its insurance products including car insurance, home & contents insurance, landlord insurance and travel insurance.
What you may not know is that NRMA also provides car loans and personal loans.
NRMA was established in 1925 and has been around now for over 90 years.
Initially, NRMA was founded to provide car insurance to members in NSW and the ACT. It wasn’t until 1995, that it looked more broadly and added Queensland to the mix.
It is now backed by Australia and New Zealand’s leading general insurer, IAG (Insurance Australia Group) in NSW, Queensland, Tasmania and the ACT, but operates throughout Australia and New Zealand.
IAG has some of the biggest brands under its banner including NRMA Insurance, Swann Insurance, SGIC, SGIO and CGU, so NRMA is in good company.
NRMA (formerly known as National Roads and Motorists Association) is best known for its insurance products including car insurance, home & contents insurance, landlord insurance and travel insurance.
What you may not know is that NRMA also provides car loans and personal loans.
NRMA was established in 1925 and has been around now for over 90 years.
Initially, NRMA was founded to provide car insurance to members in NSW and the ACT. It wasn’t until 1995, that it looked more broadly and added Queensland to the mix.
It is now backed by Australia and New Zealand’s leading general insurer, IAG (Insurance Australia Group) in NSW, Queensland, Tasmania and the ACT, but operates throughout Australia and New Zealand.
IAG has some of the biggest brands under its banner including NRMA Insurance, Swann Insurance, SGIC, SGIO and CGU, so NRMA is in good company.
1st year Fixed
Rate 5.99 |
Comparison
Rate. 6.68 |
1st year Fixed
Rate 6.99 |
Comparison
Rate. 7.68 |
1st year Fixed
Rate 6.24 |
Comparison
Rate. 6.94 |
As you would expect, NRMA offers a range of insurance products including:
Compulsory third party insurance, otherwise known as CTP Green Slip covers injury if anyone (including you and others) is driving your car when an accident occurs. CTP Green Slips may cover medical expenses and lost income, even if you’re at fault, however it does not cover damage to vehicles or property. Claims can be made if you are:
Coverage includes:
NRMA offers a range of car insurance products including Comprehensive, Comprehensive Plus, Third Party Property, Third Party Fire & Theft and CTP. It also offer separate insurance for Veteran, Vintage and Classic.
NRMA repairs or rebuilds your home via its home insurance products, provided the incident that caused the damage is an incident they cover. Policy holders would also feel comforted by the fact that NRMA can arrange temporary accommodation for up to a year, while your home is being rebuilt or repaired. Insurance covers:
Note, it is always important to check the terms and conditions of any insurance policy to see if there are any hidden exclusions, if there are optional extras and what is not included. Always reads the Product Disclosure Statement before signing a policy agreement.
Other insurances under the home insurance banner include:
As with car insurance, there are a range of options including:
NRMA covers International and Domestic travel, but also offer multi-trip plans to give you the flexibility to travel without the need to take a new policy for every trip. The annual multi-trip plan gives you coverage for multiple trips that are 250km from your home. Choose between 30, 45 and 60 days on the International Comprehensive Plan and between 15 and 30 days on Domestic. International Travel insurance covers overseas medical expenses, cancellations, rental car insurance excess, luggage and personal effects, and more. Domestic Travel Insurance covers cancellations, rental car insurance excess, luggage and personal effects and more. 24 hour emergency assistance is available if something goes wrong.
NRMA offers business insurance for a range of businesses and covers Public Liability and Professional Indemnity.
NRMA also offers Farm Insurance that protects land animals and your home and Motor Trades Insurance which protects mechanics, auto electricians and detailers among others in the motor trades businesses.
While you may associate NRMA with insurance, the company is also in the car loan market.
NRMA offers loans for new and used cars, motorcycles, caravans and motor homes. Loans cover vehicles up to three years old.
There is no maximum borrowing amount, however you will need to prove you have the funds to pay back any loan given out. The minimum loan amount is $5000.
Benefits of the loan include:
As well as car loans, NRMA offer personal loans to finance everything from elective surgery to weddings.
As with its car loan options, there are several benefits including: