Bingle insurance

Submitted: Tuesday, May 27, 2008 at 17:36
ThreadID: 58061 Views:3896 Replies:1 FollowUps:6
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Hi All,
i see Bingle are advertising here, i have insured my wife's car as they came in much cheaper. But seems they don't offer insurance to modified cars, (raised suspension) shame!
Steve.
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Reply By: Member - Cruiser (NSW) - Tuesday, May 27, 2008 at 18:16

Tuesday, May 27, 2008 at 18:16
Not only dont they insure modified vehicles, they are NOT cheap.

My 2004 TD Prado is insured with NRMA for an agreed value of $34680 and cost $356.60 per year, but with them, they will only insure for an maximum agreed value of $32200 and want $568 per year.

Get real.

Cheers,

Cruiser
AnswerID: 306143

Follow Up By: steve21 - Tuesday, May 27, 2008 at 20:58

Tuesday, May 27, 2008 at 20:58
cruiser, i must question your quote $356 per year, you mean per month right. i just did a quote on NRMA for a 2004 TOYOTA PRADO GX STNWG 3.0 Litres Agreed Value including modifications: $34,680
21 yrs driving no claims, privte use in sydney east 2031 = $1533.69 per yr how do you get $356!!!
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FollowupID: 572183

Follow Up By: Member - Cruiser (NSW) - Wednesday, May 28, 2008 at 08:47

Wednesday, May 28, 2008 at 08:47
Steve21,

You can question it as much as you like, but the fact of the matter is that my insurance on my Prado with NRMA is ONLY $356.93 per year for an agreed value of $34730.

How is what you asked.

Well firstly your quote you obtained did not take into account any of my circumstances because you could not possibly know them, so your quote is irrelevant.

You have not compared apples with apples mate.

I have had a maximum no claim bonus for longer than you have had a licence, I am a Gold Member with NRMA, I own more than 1 vehicle, I have ALL of my insurance with NRMA with the exception of my caravan and I own everything outright so no finance on the vehicle and I have been driving for 42 years with no accidents, and I don't live in Sydney.

These facts are recognised by NRMA and as a result they reward customers by giving discounts for all of these things and that's how you get a 2004 Prado GX TD insured for $34730 at $356.93 per annum, NOT per month.

If you still want to question it, I can scan the policy and post it here for you to look at (personal details excluded of course).

Bingle, AAMI, Real, APIA and a lot of the other "budget" insurers don't honour things like driving record, length of no claim bonus, multiple policies etc.., so they cant match the price.

Its an old cliché, but you only get what you pay for.

Cheers,

Cruiser
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FollowupID: 572248

Follow Up By: Wizard1 - Wednesday, May 28, 2008 at 13:36

Wednesday, May 28, 2008 at 13:36
Cruiser,

you are beating your own drum a bit, but also you don't have your facts right.

We have multiple policies and excellant driving records all all the other stuff you think is unique to your situation and also get rewarded with the appropriate discounts from AAMI. The even lowered the premium when I thought about moving to another insurer.

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FollowupID: 572301

Follow Up By: Member - Cruiser (NSW) - Wednesday, May 28, 2008 at 14:08

Wednesday, May 28, 2008 at 14:08
Wizard 1,

I wasn't trying to beat my own drum, I was mearly trying to point out to someone who stated that they has 21 years driving experience and a clean record that the better your record, the better the premium. I was in no way implying that my circumstances are unique. I know people who have been driving for 60 odd years without a blemish.

As for AAMI, I have had a quote from them and whilst they recognised certain things, they did not compare in price and were an extra $100 for a market value policy.

At the end of the day, if you are happy with them, then fine, I am happy for you, but Steve was not comparing apples with apples.

How could he, he doesn't know me. yet he jumped on the net, went to NRMA and got a quote based on HIS circumstances and then had the hide to get on and question me as though I was fabricating something.

That might not have been his intention, but its how it came across to me.

I suppose I will get a blasting now from everyone else for saying that, but so be it. I will get over it.

Cheers

Cruiser
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FollowupID: 572308

Follow Up By: steve21 - Wednesday, May 28, 2008 at 17:30

Wednesday, May 28, 2008 at 17:30
mate i was not accusing you, i just think this whole insurance game is a complete con. i have been driving for 23 yrs no claims, and to insure my LC 80 value $15000 they want + $1500 yet to insure your prado for $34730 costs $356. so over twice the insured value you get charged $1100 less, crazy
have a good night, i am not havin go at you. maybe oneday i'll see you out there and we can share a beer!
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FollowupID: 572330

Follow Up By: Member - Cruiser (NSW) - Wednesday, May 28, 2008 at 17:34

Wednesday, May 28, 2008 at 17:34
Steve,

Thanks for that. A beer sounds good.

I actually had an 80 series TD and it had a agreed value of about $17000 (18 months ago) and when I went to the Prado, I got a refund of $8 and the Prado was then an agreed value of $47000 (the amount I paid for it) so its all to hard to figure out.

Cheers,

Cruiser
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FollowupID: 572333

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