Completely out of left field, Sonic has announced the ending of the cosy little arrangement by which the NRMA was the sole provider of compulsory third party insurance in the ACT. Charging as much as they could get away with, the Government would rubber stamp any increase in rates the NRMA demanded.
The scheme will be opened up to competition, the expected savings totalling in the hundreds of dollars per vehicle, as other insurers vie for your business.
In the absence of any explanation as to the reason for this sudden and unexpected move, perhaps the prospect of competition (from the proposed Motorists party) has had the beneficial effect of concentrating the thought processes of Sonic and Co, and on the pockets of motorists.
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