Insurance (again)

Submitted: Monday, May 22, 2006 at 22:26
ThreadID: 34152 Views:1692 Replies:11 FollowUps:6
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Hi all

Just received my insurance renewal where for the last 3 years, the premium has stayed about the same ($1100) for my 2002 TD GXL even though the "agreed" value (?) has dropped from $44K to $31.8K... So obviously, its time to shop around.. I know that the value of my trusty beast ain't what I paid for it 3 yrs ago, but I reckon being in almost immaculate condition with only 70K on the clock, its worth at least $4K more than AAMI are telling me...and as for the same premium, are they implying that as the vehicle gets older it is more dangerous to drive and therefore more likely to be in an accident? Or is it that the older I get, the more likely I'm to be the cause of an accident (sheez, I'm only 41.., plus I drive for a living).

Anyway, has anybody gotten onto an insurance mob that talks sense?

Cheers and beers
Richard
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Reply By: Truckster (Vic) - Tuesday, May 23, 2006 at 00:06

Tuesday, May 23, 2006 at 00:06
>>> has anybody gotten onto an insurance mob that talks sense?
No.
AnswerID: 174113

Reply By: Plantman - Tuesday, May 23, 2006 at 00:11

Tuesday, May 23, 2006 at 00:11
Try Budget Direct - they seemed to be the best value when I searched all 6 mths ago.
AnswerID: 174114

Reply By: big fella - Tuesday, May 23, 2006 at 05:37

Tuesday, May 23, 2006 at 05:37
Hi Richard just recieved mine aswell and was shopping around and found out that agreed value on current policy was only including some of my mods and the rest didnt have a dollar value so currently going through and putting dollar value on them and has increased the policy by $10,000 so just check that everything is listed that is meant to be

Regards BigFella
AnswerID: 174122

Reply By: Member - Troll 81 (QLD) - Tuesday, May 23, 2006 at 05:43

Tuesday, May 23, 2006 at 05:43
Hi Richard

I am a young driver(under 25) with a rating 1 and I pay $950 a month for my GU with unlimited mods and accessories and I have a agreed value of 35k. I am using a mob in Adelaide they are just a broker but they only deal with 4x4. They are called TCIS. I have not had to claim but so far I am happy with them, I can't remember who the underwriter is but they are a big company in the insurance world
AnswerID: 174124

Follow Up By: Des Lexic - Tuesday, May 23, 2006 at 09:29

Tuesday, May 23, 2006 at 09:29
You pay $950.00 per month. That equates to $11,400 per year. TCIS are a good insurance company but methinks you pay too much.
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FollowupID: 430136

Follow Up By: Member - Troll 81 (QLD) - Tuesday, May 23, 2006 at 09:42

Tuesday, May 23, 2006 at 09:42
Lol that's meant to be per year
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FollowupID: 430140

Reply By: Richard W (NSW) - Tuesday, May 23, 2006 at 07:01

Tuesday, May 23, 2006 at 07:01
I'm with AAMI and fairly happy with them although haven't had to test them out on any claims yet. I went with AAMI was based on info from a few forums on the previous vehicle and rolled it over on the current vehicle. I'm paying about the same for an agreed value of $71,550. Based on Red Book values I'm fairly happy with this although a bit suprised at the depreciation in the first year in the Red Book as this was one thing I looked at when purchasing the vehicle.
Did shop around on renewal but still found AAMI the best deal particularly their definition of "Off Road". Also got a quote from TCIS who use different underwriters to get the best quote.
AnswerID: 174128

Reply By: Rokkitt - Tuesday, May 23, 2006 at 07:53

Tuesday, May 23, 2006 at 07:53
Hi,

Recently my insurance premium with Affinity soared for no apparent reason so I was forced to do the ring around....I found a mob in Melbourne called "Unique 4wd Insurance" or "maybe unique insurance" - well they offered similar cover to Affinity at a 35%+ saving on my original renewal including offroad cover. As mentioned above they also do not charge for accessories.

I have a GU4 with rating one and pay somewhere between $700 and $800 dollars, can get the exact figures if you like.

Rod
AnswerID: 174136

Follow Up By: Truckster (Vic) - Tuesday, May 23, 2006 at 10:42

Tuesday, May 23, 2006 at 10:42
Unique car insurance.

Is that market or agreed?
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FollowupID: 430156

Reply By: Member - MrBitchi (QLD) - Tuesday, May 23, 2006 at 08:24

Tuesday, May 23, 2006 at 08:24
I've got the Paj with Budget Direct, agreed value, all accessories covered.
AnswerID: 174145

Reply By: Snowy 3.0iTD - Tuesday, May 23, 2006 at 08:39

Tuesday, May 23, 2006 at 08:39
Richiek

In SA I have my 2003 GU Patrol insured with CGU for an agreed $40k, plus accessories for just over $400. I was even a little suspicious of this price so sent them a letter stating a few different scanarios (eg rollover on a unmarked track on private property) and asked if they would cover them, and they wrote back on signing off on all of them with a few reasonable conditions (ie the driver was licensed and not intoxicated and the vehicle was roadworthy at the time).

Snowy
AnswerID: 174149

Follow Up By: Truckster (Vic) - Tuesday, May 23, 2006 at 10:41

Tuesday, May 23, 2006 at 10:41
CGU when I called would not allow 1inch or more suspension lift..
that price must be a mistake!

0
FollowupID: 430154

Follow Up By: Member - Troll 81 (QLD) - Wednesday, May 24, 2006 at 01:54

Wednesday, May 24, 2006 at 01:54
Truckster

A mate of mine has got his GU with a 3 inch lift insured with CGU he went through a broker and it's all in writing...I think it really depends on how and through who you do it
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FollowupID: 430435

Follow Up By: Truckster (Vic) - Wednesday, May 24, 2006 at 11:01

Wednesday, May 24, 2006 at 11:01
used to be with CGU when it was the TCIS gig... After TCIS threw them away, I called CGU anyway to try and stay with them. They werent interested.
I said its has a small suspension lift -
"STOP THERE, we dont insure any suspension lifts anymore"...

Will call them later for a laugh on the new truck see what they say now.
and will try our clubs own broker
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FollowupID: 430488

Reply By: Jugs - Tuesday, May 23, 2006 at 10:21

Tuesday, May 23, 2006 at 10:21
I’ve had my wife’s Capri and my Rodeo which I sold and got a GQ Patrol all with AAMI. They have paid up on all the calms I’ve had, been run in to a couple of times. But the real find was when I did the agreed value on the Capri. I went in to there office and they looked at the car and got a higher agreed value for the same premium. The office counter staff just walked out to the car in the car park went no dings and walked back in side, even did it one year through the window. Once I had that price I would ask where the price point was for the change in primum, which they were not allowed to give me but if you ask them to quote the agreed value $1000 higher again and again till the primum changes, then down by $500 up by $100 (you get the idea) you can soon work it out. I would usual add back all of th AAMI deprecation and then some for the same primum or add an extra $100 to the premium and get $2000 extra on the agreed value by moving to the cbottom of the next highest price point step. With AAMI the increase in primum is not linier but stepped. By doing this, the next year when they deprecate the agreed value they are starting from a higher point so not so much of a drop. By doing this I had a $5000 capri on a agreed value of $12500 when I finally sold it.
AnswerID: 174174

Reply By: Truckster (Vic) - Tuesday, May 23, 2006 at 10:42

Tuesday, May 23, 2006 at 10:42
Try this joint.

Four Wheel Drive Victoria establishes an alliance with Affinity Risk Partners to create a special motor vehicle policy for four wheel drives.

Contact the team at Affinity and ask for four wheel drive insurance on
03 8587 7777 see www.affinityrp.com.au
AnswerID: 174185

Reply By: RichieK - Sunday, May 28, 2006 at 21:32

Sunday, May 28, 2006 at 21:32
thanks everyone for the responses - going to try to get AAMI to allow increased vehicle value for same premium, otherwise will try some of the companies suggested.
AnswerID: 175273

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