Insurance

[Perry]

mine is $30k.

Serious I should move up to Bris insurance is so $$ in Sydney.

[Philip Lee]

lol come come.

[FR33K]

around 1700-2000k with every other insurance company but went with QBE for $1250.. im 28.. DC5R

dont forget.. everyone is quoting all these costs but no one has said if they have adjusted their excess or not... makes a big diff

[Philip Lee]

dont forget.. everyone is quoting all these costs but no one has said if they have adjusted their excess or not... makes a big diff

standard $500 excess for me.

[j31lo]

22, turning 23. 2003 DC5R coming up for renewal with RAC. $20,000 market value, 5 years clean driving, basic $350 excess + $50 voluntary excess (don't ask, I did that when I initially purchased insurance to get below a psychological price mark)... Half yearly amount is $544... so $1088/year.

Running my same stats into AAMI gives $749. No extra excesses, and the agreed value is $24k (purchase price)

Is there anything wrong with AAMI?

[fuujee]

19 year old, DC2R $950 with AAMI $950 excess

[Didz]

23yo turning 24. Just car premium 1350 with 2150 excess. Full comp. Mods listed.

[slingsy]

19 year old, DC2R $950 with AAMI $950 excess

Wonder if AAMI would do that in Brisbane? Need to do some shopping around for next policy

when I was 18:
Just Cars agreed value 15,500 lowered premium to 1800 and excess 2300.

Recently just got a Mugen cai, am 19 now clean record hopefully I can haggle a lower premium from somewhere next year..

[plAythiNG]

Im with aami. I got my premium paid a fmonths ago. I said to the guy, this price is a bit high dont you think? I got around $100 taken off just like that.

[FRDK20]

19 year old now and insurance now is like 1.5k full comp with aami STOCK

with mods it went up to about 4.5K with mods

say i got into accident i wouldn't be covered in the contact because i have mods? is there even a point in have insurance unless all mods are covered?

[Peachy]

Although this is a semi bumpage, it's probably worth noting the following things to save you guys a little bit of cash, and give you a little bit more knowledge in the long run. I use to be an insurance underwriter so I know a few ins and outs.

A.) When searching for insurance don't leave your car uninsured until you find the perfect car insurance policy. Just call any old company, get a quote, and get a 21 day cover-note regardless of price. This 21 day covernote period will mean your car will be insured for 21 days with that company, without you having to pay a dime. Having said that, in the event of a claim, you will be forced to pay the premium before they will action your claim. Depending on what company and however nice the customer service officer is, you may be able to extend this cover-note period after 21 days, you just need a good excuse "Yeah I want to get this insurance policy, can you extend the cover-note period for another week" usually works. I have, for 3 months, once gone and received cover-notes from several different insurers in order to save a bit of coin and still have my car insured without any upfront costs.
B.) List your shit - I have denied claims in the past due to modifications. Modifications increase the risk profile of your car (hence why they add a premium), if the modifications are extensive your car can fall into a 'do not insure' bracket. In the event of a claim, and if you haven't noted your mods, the insurer can come back and deny your claim by stating that if they had knowledge of the modifications, they wouldn't have insured you in the first place.
C.) "Duty of Disclosure" - They read this to you every single time, do not ignore this, tell them everything from speeding fines to criminal history to mods etc etc - claims are often denied based on the fact that people don't fully disclose information, which can be immediate denial of honouring a claim.
D.) Document everything -If you have a list of mods, ask them to send you an updated schedule with a list of your mods. If you have spoken to someone about certain mods to your car and if they have given you permission, make note of their name, the date and the time of the call. I personally have a word document on my computer, and I record every conversation of importance with insurance companies. That way, in the case where a dickhead customer service officer didn't note something down, you have their name and details of the conversation and this can provide you with quite a bit of leverage.
E.) Check Prices - Don't renew your policy without hunting around. Insurance policies are based on a lot of factors such as risk, frequency of claims, number of insurers, losses and gains etc etc. One insurance company may have had a high level of claims in one year, which inevitably pushes their premium up, another company on the other hand may have had a great year with minimum claims - this effects premiums. Call and hunt around.
I personally do a quote on my own car every couple of months, I check my own insurer and other companies. If I find a lower price somewhere else, I will call my insurer and query the premium difference, more than often, they will honour your enquiry by reducing your premium if you pay monthly.
It's also worth noting that every customer service officer has a 'delegated authority' meaning that they have sanctions to discount to a certain %. If their discount isn't big enough, or if it doesn't match a competing company, ask to get it referred to a supervisor, as their delegated authority is higher.
F.) Read your PDS - know what you're insured for, every company is different so don't just assume you're covered. Insurance companies are often quite hazy on some descriptions in their PDS, some statements aren't black and white - so if you have an issue, call and clarify, and get the name of the person you spoke to

bleh, bed time

[willtran]

B.) List your shit - I have denied claims in the past due to modifications. Modifications increase the risk profile of your car (hence why they add a premium), if the modifications are extensive your car can fall into a 'do not insure' bracket. In the event of a claim, and if you haven't noted your mods, the insurer can come back and deny your claim by stating that if they had knowledge of the modifications, they wouldn't have insured you in the first place.

With that being said, it might be a good idea to consider nrma if you have or plan to have lots of mods on your car. nrma doesnt need you to list your mods for them nor do you need to update them everytime you chuck a intake or exhaust on.

idk if there are any other insurers with this policy.

[etherealfall]

22yo M with insurance policy under my dad's name.
QBE full comp
DC5S with mods
$950 premium, $900 excess

[rayDC2R]

Gday... Insurance time again....

Before I renew my policy, just wondering if anyone has any updates on any reliable companies to get comprehensive with. Currently with Shannons but I just wanna know before I renew my policy that I'm getting the best deal. Tried quotes with NRMA, GIO, AAMI, Just Car, and they were not as good as my renewal policy with Shannons.

31, M, Sydney (sounds like a dating chat room), agreed value for over $17,000, $550 excess and all mods listed... Annual: $1220

[plAythiNG]

Any other insurers out there besides nrma that dont require u to notfy them each time u mod the car? Or whats in ur opinion the best insurer,
Please state why etc