Caravan Insurance

NTVRX
I think we are all aware that insurance isn't getting any cheaper, but i have a question, does the $633 .24 include stamp duty and GST.
We have our van with CIL insured for $????? and if i divide our sum insured into the premium (inclusive of govt charges, so rate wont be exact) and come up with a rate then multiply that rate by your sum insured you are being over charged by about $58.00.
Also a drop of some $17000 in the first year to me seems a bit much, why not phone the manufacturer, and ask them what they think your van would be worth second hand to sell.
Baz

Can't comment on the premium. Competitive quotes is the only way to compare.
I feel that the depreciated value is a bit low. The relevant value is what you would have to pay to replace your van with a similar van of equivalent age & condition not what you would get on the market for your van. Could be two different figures

I'm in outer SW Sydney and my van is insured with GIO for $79,990 agreed value. In addition I have $5700 of contents which include fixed and portable solar panels, generator and general contents. (Portable panels and generator must be tethered when deployed to be covered. I use a stainless cable and padlocks. If that's cut the policy considers it break and enter.)

60% no claim, seniors card discount, $200 excess. Premium for the lot paid last March was $771. Add GST $77 and Stamp Duty $42, total $890. I'm happy with that - it's way cheaper than NRMA, AAMI and CIL. One of them was $400 dearer! It does pay to shop around.

Cheers

Just remember that insurance companies are trickier than a (insert you chosen really tricky thing here) .......we went with CIL for our first van, first year - couldn't have been nicer, with a great premium - year two, we went elsewhere when they tried on a significant increase. In my view, insurance company quoting is a science and one of the determining factors is...'what figure would the client be silly enough to accept as reasonable ?'. Shop around and you will probably be agreeably surprised. SGIC is our current insurer.

Gidday

As others say, no two insurance companies will charge the same, there are too many variables. What is more important is how they look after you when you make a claim. Not much point in saving $50 bucks a year on the premium if you then find your pride and joy being repaired by the Dodgy Brothers who take six months to do it.
By all means ring around but price isn't everything, otherwise we would all be driving Great Walls.

Cheers

Our 2012 Juncko new $65k Insurance $1k first year. Renewal basically the same around $900+
Shop around but I think you will find CIL competetive. Members of CMCA have access to Ken Tame who is supposed to be very competetive.

Hi NTVRX , you can expect a drop in value as you drive your new van/trailer/boat out of the yard of anything up to $10,000 in first year. there are several "values" out there.. obviously market value is what you may get selling on open market via for sale ad.( may be in red book or trader mag) agreed value is supposed to be 'agreed' as it says between you and Coy. you should be able to have some input on that. replacement value can be new OR equivalent to similar item 2nd hand. new vans go up an average $5,000 each year for next model from what I've seen.

I've had a couple of vans , camper and 3 4wd's and almost always end up having to insure for new value but getting less paid out if there's a claim due to wear and tear and loss of value ( depreciation) just on age. that can be a few thousand a year easily.

as others say, premiums vary, need to read fine print on what you get! I am with and have found CIL good so far, used twice and they were happy to have a well known local qualified repairer quote and do the job. Agree nearly $20,000 drop off the 2012 sounds like a fair bit. harder to find an insurer who will cover vans and motor homes now.
note the biggest buildings in the CBD are insurers and banks.
MG.

Thanks everyone for the replies. Robert

From the ABC news, tonight (24/09/2013) .. Just so you know exactly what's going on ...

"The 2013 General Insurance Survey by KPMG found profits at Australian insurance companies have risen by 61 per cent, thanks largely to rising premiums."

I think it's called BOHICA .. you hand over the big jar of Vaseline to the insurance company, bend over, and drop your strides .... [:-(