Motor Insurance Premium, Excess & Discounts Guide

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	$500	$500	$500	$500	$500

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
$500
$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 Insurance	16 - 18 years $750 19 - 20 years $650 21 - 23 years $550 24 years $450

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	$1,250

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 you can provide the name and residential address of a person(s) we agree is at fault the amount of the claim is more than any basic excess	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 SGIO Motor Insurance Premium, Excess & Discounts Guide, please call us on 133 233 or visit your local office.