Just got my renewal from AAMI, last year they insured it for 43k, this year they want to insure it for 33k. Looks like its time to start looking around.. theres no way I can replace it for 33k with all the extras.
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Just got my renewal from AAMI, last year they insured it for 43k, this year they want to insure it for 33k. Looks like its time to start looking around.. theres no way I can replace it for 33k with all the extras.
Ive ensured my GU with Shannons that were very competitive on price and they will do agreed value
I used DGA insurance brokers. Fully insured on and off road. I am in NSW but they are in Vic.
My 2004 STL with all the goodies costs $750 for $35k agreed value in nz.
I was pleasantly suprised.
Hey NewDan - we're with AAMI too ... try giving them a buzz, they will adjust the agreed value, and sometimes it isn't too much extra for that!Quote:
Originally Posted by NewDan
Also is there anyone else on the policy. Hubby is main driver, and I was a named driver (but rarely drive it). Removed me as a named driver and saved $30 a month!! And i confirmed that occasional drivers dont need to be listed (drive it less than once a fortnight, plus trips away).
Also, with AAMI, every insurance renewal, I call them about it, and they drop the price every time! I just ask them why it's gone up and if there is anything they can do to reduce it.
The Chaser did a great "The Checkout" special on insurance, you should see if you can find it and watch it.
In a nutshell, if you don't ask for a reduction on your premium, they will rip you off. That is their plan.
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I got my troll for 650 through youi.
I have mine with Allianz. I am an insurance broker any we place nearly all of our sedans, wagons etc with them as they are by far the best we can deal with for claims service and handling on light vehicles i.e. anything under 2 tonne carry. With pricing you need to appreciate you could get 5 different quotes all underwritten by Allianz from different sources all of which have different price, excess, and policy coverage. Allianz online, via a broker, via a car dealer, via the bank etc
Other than NRMA you will need to list all accessories on the vehicle.
Those with Agreed Value be aware there are changes happening. The Agreed Value may not necessarily be what you get paid if written off. Some insurers are currently changing their definition of Agreed Value essentially providing Market Value. There is nothing wrong with Market Value as I have always insured this way.
A few Direct insurers are imposing high excesses to keep the premiums down as well as none of the benefits others provide such as Excess free Windscreen, Rating 1 protection, signwriting etc
Pretty sure Shannons won't insure business use vehicles.
At the end of the day there are only a handfull of Australian insurers left and the South African companies are desperately trying to obtain market share. IAG and Suncorp have the bulk of the Motor and Domestic insurance in Australia. Something like 80% from memory. Allianz and QBE are the 3rd and 4th largest insurers in Australia then Zurich come in a long way off at 5th (Zurich don't do personal motor only commercial).
We often have clients say I don't like this brand or that brand, what most don't realise is that it is most likely an IAG or Suncorp brand - and now A&G or Budget (both South African). Just look at their websites to see their brands.
On another note IAG and Suncorp won't be a part of the Comparison Websites which are huge in the UK. Budget operate one of the comarison websites in Australia and have been in trouble by ASIC for their advertising. How can you offer a Comparison Website when there are only 4 or so brands and they are all owned by the same company i.e. Budget?
Anyhow, that's my update on the insurance industry for you in a nutshell. At the end of the day like everything you get what you pay for.
If someone asks me for a discount on their car insurance I simply say no, try the direct insurers. There is no profit in car insurance at all whatsoever and hence the premiums keep going up and up. We try to do as little private car insurance as possible because there are just too many claims.
^^^very interesting insight, thanks.
Having just dealt with QBE on the side of the road tonight after a reasonably major crash with the family on board.......they were effing useless and I wouldn't personally insure with them if I had the choice (it is a company vehicle with company chosen insurance).
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Quote:
Originally Posted by Drewboyaus
Hope no-one was hurt....