Vehicle insurance help

DGA. Will insure everything at market value. But if you get an independant valuation they will do an agreed value. Also have a 10,000km or less policy.

http://www.dgainsurance.com.au/

Cheers
Dave

Give TCIS a call they will sort you out
DGA will also help you
Lumley does mine and I am very happy with them

Unfortunately the value of the accessories drops to virtually nothing once fitted to the vehicle.
Even when buying (or selling) a secondhand vehicle fitted accessories are only worth a fraction of their original cost.
The insurance co's are really only interested in what the sale of a wreck would bring if it was written off.

Self Insure!

Yep.

Open aseparate bank account for insurance use ONLY!

Borrow the 20 grand from your bank and deposit it into the insurance account in case you need ti6 one day!

Cancel your insurance.

Put the premiums toward paying off your personal loan.

1. You have the amount needed at any time in case of accident.
2. you can repay the loan in full any time you need too as long as you don't crash.
3. Your getting compound interest on your 20K lump sum.
4. Over a period of time you'll get to own that 20K plus compound interest by paying off the loan over some years.
5. Yes you will pay interest on it BUT you will also be getting interest back so really your onlu cost is the interest differential or margin - maybe 4%
6. There is no question about whether your insurer will pay or not - you are the decider!
7. You'd have lost 20 K over enough years with an insurer for zero return (unless you claim)!

Now 5years or so later after you've paid the loan off - you have a lump sum of 20K plus compound interest...

When you go tot he bank for another loan for any purpose like a new car or house deposit etc and want to borrow money - they will see you already have plenty and don;t really need it - hence they will throw moneyy at you like theres no tomorrow in any amount you want!.

You can up the anti and self insure EVERYTHING if you want - i.e borrow enough to cover the house car furniture health etc insurance premiums and put the LOT into paying off your loan.

Lets face it your not likely to need to claim on ALL your insurances at once (house car health furniture etc etc) so really inspeaking you just need a lump sum to cover a contingency of any ONE event occurring.

This way 4 premiums pay off a larger loan quicker and you are still covered if anyone of the events happens.

If everyone did it there would be no insurance parasites in this world!

Caveat - if you self insure - don't drive like an idiot - coz you will be the one paying! ;o)

Cheers!

sorry for the lack of feedback but I have been doing some calls on the advice I have got.

Best deal so far is thru DGA Insurance. Excess dropped to $250, car insured for $25,600 (this is $5,500 to much as the way they price the vehicle is out; I now have the most expensive GQ in Australia going by carpoint!!).

fully covered off road (sand, water in engine etc) and all roads Aust wide (Simpson, Canning etc) with repairer of my choice and all the accessories are covered at 100% cost (compared to 25%).

All this for $200 less :)

Due to the time difference I will need to call them back tmw. Thanks everyone for your advice. You have got me a better deal and saved $200! (now $749 instead of $970)

Gossy

Affinity is looking good. They are calling me back to give me a person to give an indenpendant valuation of the car.

they value the car itself at $12,500 which is much more realistic. with my accessories fully covered (after the valuation) my insurance would be $585.

so, within 1 week I have gone from $970 to $585. Brilliant!

That is basically 8 cartons of Boags beer free every year :)