Friday, November 27th, 2009 - Real Insurance- Pay As You Drive car insurance

Residents of Summerhill are Australia’s biggest users of trains per capita and as a result many of them are probably paying far more for their car insurance than they should says Roger Grobler, CEO of Real Insurance.

Says Grobler: “We have analysed numerous Australian Bureau of Statistics figures across the suburbs of Sydney. While Summerhill residents should be commended on their extensive use of public transport the fact of the matter is that if they have a car they are still paying the same car insurance premiums as those who drive even four times the distance.

“In effect many Summerhill car owners using public transport are subsidising other motorist’s car insurance premiums.

“I believe that there are many drivers in Summerhill who are paying far more for their car insurance than they should given their profile and the distance they drive.

“These motorists are far better off exploring a pay-as-you-drive insurance system whereby they only pay for the kilometres they drive.”

Grobler points out that pay-as-you-drive motor insurance only works for those people who drive less than the average for their area and their demographic profile compared to their peers.

He gives the example of a 39 year old female living in Summer Hill who could save up to $365.29 by going to Pay As You Drive car insurance. She drives a 2007 Hyundai Getz 5 door auto and would traditionally pay motor insurance of around $807.88 per annum. Using Pay As You Drive she would pay $442.59 for 5,000kms, $486.91 for 7,000kms or $553.40 for 10,000kms of car insurance purchased.

Further examples

Cairns
Residents of Cairns are the largest bicycle users in Australia, yet like the train users of Summer Hill, are still paying the same premiums as regular car users.

A 29 year old Female living in Cairns who could save up to $193.90 by going onto Pay As You Drive insurance. She drives a 2007 Mazda 2 Neo Auto and would traditionally pay motor insurance of around $563.50 per annum. Using Pay As You Drive she would pay $369.60 for 5,000kms, $401.94 for 7,000kms or $450.45 for 10,000kms of insurance purchased.

Campbelltown
A 49 year old male living in Campbelltown who could save up to $356.97 by going onto Pay As You Drive insurance. He drives a 2007 Ford falcon Eurosport auto and he would traditionally pay motor insurance of around $874.83 per annum. Using Pay As You Drive he would pay $517.86 for 5,000km, $559.73 for 7,000kms or $621.68 for 10,000kms of insurance purchased.

Pymble
A 40 year old male living in Pymble who could save up to $323.82 by going onto Pay As You Drive insurance. He drives a 2008 Holden Lumina VE and would traditionally pay motor insurance of around $800.67 per annum. Using Pay As You Drive he would pay $476.85 for 5,000kms, $517.90 for 7,000kms or $579.51 for 10,000kms of insurance purchased.

Interested customers can get a car insurance quote and more information online by heading to http://www.payasyoudrive.com.au

Media inquiries: Craig Badings
Cannings Corporate Communications
02 8284 9991
0413 946 703

 Head to http://www.realinsurance.com.au or to http://www.payasyoudrive.com.au for more information 

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Real Insurance- Pay As You Drive car insurance


http://www.realinsurance.com.au
Real Insurance is backed by Hollard Insurance and is part of the Hollard Group of companies which provides a wide range of insurance products and services to more than 6 million policyholders worldwide.
Since opening in Australia in 1999, Hollard has issued more than 500,000 policies with more than $16 billion worth of assets insured. Real Insurance has been in operation for three and a half years in Australia.
Hollard is regulated and licensed by APRA (the Australian Prudential Regulation Authority) and ASIC (Australian Securities and Investments Commission).
Real Insurance has a number of firsts in the Australian market including:
• First insurer in Australia to offer the Real Bonus in the form of 10% cash back (If you haven’t had a claim against your insurance for three years in a row, Real Insurance will give you 10% of the total premiums you paid during that time and will keep doing it for every three years you haven’t claimed);
• Pay-As-You-Drive motor insurance.

 Head to http://www.realinsurance.com.au or to http://www.payasyoudrive.com.au for more information


Craig Badings
P: 02 8284 9991
M: 0413 946 703
W: www.payasyoudrive.com.au

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Commuters paying the same for car insurance as those who use their cars up to four times more!

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