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AAMI COMPREHENSIVE CAR INSURANCE
– PREMIUM, EXCESSES & CLAIMS GUIDE
This AAMI Comprehensive Car Insurance Premium, Excesses & Claims Guide (Guide) is designed to provide
you with additional information about the excesses that may apply to the AAMI Comprehensive Car Insurance
Policy (Policy), as well as explain how we calculate premiums for, and pay claims under, the Policy.
You should read this Guide together with our Comprehensive Car Insurance Policy – Product Disclosure
Statement (PDS), which shows a completion date of 17 November 2009 on page 6, and your policy schedule.
1. How does AAMI calculate your Policy premium?
When you apply for AAMI comprehensive car insurance, we will always ask you some important questions
about your car, who will drive it, and the type of driving you plan to do. We will also ask you other questions,
such as whether you would like to increase your total excess and how you would like
to pay for your Policy.
Once you have told us the information we need, we will assess it based on what we call pricing factors.
We take a number of pricing factors into account when we calculate your Policy premium.
In the table below we display the main pricing factors, and the likely effect they have on an AAMI
Comprehensive Car Insurance Policy premium.
Main pricing factors
Likely effect on the car insurance premium
The age of the main driver.
The older the main driver is, the lower the premium is
likely to be.
The gender of the main driver.
A premium for a female main driver is likely to be lower
than an equivalent male main driver.
The agreed value of the car.
The lower the agreed value of the car, the lower the
premium is likely to be.
Any non-standard accessories or modifications that
you have fitted to your car, and that we have agreed
to insure for an additional value, are likely to increase
your policy premium.
The post code where your car is kept overnight.
The premium is likely to be lower if the car is kept
overnight in a postcode that has a lower claims cost