RACQ Insurance

Submitted: Sunday, Aug 17, 2003 at 12:12

ThreadID: 6635 Views:3969 Replies:5 FollowUps:12

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Member - Nigel (QLD)

I've just received my renewal from TCIS and due to a 40mm suspension lift and exhaust mods, CGU (now NRMA) won't underwrite my policy anymore, so the price has doubled with the new underwriters.

So I've done the ring around (still waiting for a quote from Aust 4WD Insurance) but best option so far seems to be RACQ. They will send an assesor out before agreeing to the value (sames arguements at claim time) but the premium is very good.

So my question is - has anyone had any problems with RACQ insurance in relation to 4wding?

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Reply By: diamond (bendigo) - Sunday, Aug 17, 2003 at 12:15

Sunday, Aug 17, 2003 at 12:15

dont know how they work insurance out .
we just changed to cgu with a 50mm lift(on our policy in writing)
and saved us $140 from last year(allianze)—~‘¬‘¥•s’B

AnswerID: 28176

Follow Up By: Member - Nigel (QLD) - Sunday, Aug 17, 2003 at 12:22

Sunday, Aug 17, 2003 at 12:22

yes it's all very bizzare - the agreed value quote (subject to assesors approval) from racq is $150 less than my TCIS/CGU policy last year.

Another benefit of living in Queensland :) - racq only insure cars registered in Qld.

FollowupID: 19500

Follow Up By: Glenno - Sunday, Aug 17, 2003 at 15:04

Sunday, Aug 17, 2003 at 15:04

And my bog standard '03 TD Hilux is $150 cheaper with NRMA than with RACQ.

(confused look)

FollowupID: 19507

Follow Up By: Member - Nigel (QLD) - Sunday, Aug 17, 2003 at 15:11

Sunday, Aug 17, 2003 at 15:11

Maybe the quotes are done with lotto balls :)

FollowupID: 19509

Reply By: Member - Nigel (QLD) - Sunday, Aug 17, 2003 at 12:25

Sunday, Aug 17, 2003 at 12:25

Also forgot to mention - that with the TCIS/Unique policy I can only claim for accessories/mods that I still have the receipt for.

AnswerID: 28178

Follow Up By: Truckster (Vic) - Sunday, Aug 17, 2003 at 19:37

Sunday, Aug 17, 2003 at 19:37

You have a computer and printer?? make your own reciepts...

If this is the case, nobody in aussie will insure with them (which I think is the idea, bleep 4wders).... How many people are that anal to keep every possible reciept for accessories, specially if you get them second hand.

Agian, mail ken@tcis.com.au and tell him of your disgust with the service and such. He is the director. Others have had success with doing this.

YMMV

FollowupID: 19532

Follow Up By: donc - Sunday, Aug 17, 2003 at 21:11

Sunday, Aug 17, 2003 at 21:11

Ok, fine, but what happens when you've bought the vehicle 2nd hand witrh the accessories / mods fitted already, especially if its an ex-govt unit, like mine. You've got no chance of ever getting a reciept for any of the extras fitted to it.

FollowupID: 19540

Follow Up By: Dennis (Brisbane) - Sunday, Aug 17, 2003 at 22:40

Sunday, Aug 17, 2003 at 22:40

mmmmmmmmmmm, my Rodeo is ex-NSW cops, so it has heaps of mods.

No chance of getting receipts :(

FollowupID: 19552

Reply By: Allyn (Pilbara) - Monday, Aug 18, 2003 at 01:18

Monday, Aug 18, 2003 at 01:18

I took out insurance with Elders on Friday.
1996 STD 80 series for $24K premium was $528. I had a 1989 Fairlane that cost me $450 to insure for four grand so I was happy with price. I listed all my accessories including 2" body lift & 2" suspension lift, asked all the right questions and got told no problems other than hard core (competition etc), I would be covered. No request for receipts but I have taken photos just in case.
Allianz wouldn't give me a quote due to too many accessories and others were too restrictive.
Elders are not worried about accessories and say that they don't add value to your vehicle (which in my case is probably reasonably true) and just go by value of your vehicle (redbook I suppose).
I have house insurance with Elders and unfortunately had to claim before I'd even made the first monthly payment. No hassles at all, just a bit of paperwork and any delays were my fault. Can recommend them if anyone's interested.Oh to be retired & wealthy !!!

AnswerID: 28261

Follow Up By: Truckster (Vic) - Monday, Aug 18, 2003 at 15:28

Monday, Aug 18, 2003 at 15:28

Accessories dont add value to your car? Horse poop.

Pair of lockers, Compressor Long range tank, radios, suspension, tires, roofrack, spotties, snorkel, dual batteries etc etc etc, this wouldnt add value..???

Hmmmm... interesting.

FollowupID: 19593

Follow Up By: Member - Nigel (QLD) - Monday, Aug 18, 2003 at 17:31

Monday, Aug 18, 2003 at 17:31

May not add value - but would sure deduct value from your savings if you had to replace them all if your car is stolen or burnt.

That's why I only want an agreed value policy.

FollowupID: 19609

Follow Up By: Allyn (Pilbara) - Tuesday, Aug 19, 2003 at 01:37

Tuesday, Aug 19, 2003 at 01:37

they don't do agreed value but insured me for everything, EVERYWHERE and realistically the $24K is about all I could expect to get for the old girl anyways.
Six of one & half dozen of the other.
Only insured it cos I'm going to the city for a month and it may get nicked down there. Oh to be retired & wealthy !!!

FollowupID: 19659

Reply By: Steve - Monday, Aug 18, 2003 at 17:57

Monday, Aug 18, 2003 at 17:57

Hqve u had a check with AAMI !!! I use them now , and they gave me the best quote and no company has not been able to beat them for past 3 years ...

AnswerID: 28324

Follow Up By: Member - Nigel (QLD) - Monday, Aug 18, 2003 at 18:44

Monday, Aug 18, 2003 at 18:44

AAMI told me they won't insure a car with mods - refered me to just car insurance - but they don't do agreed value policies, and were quite a bit dearer than RACQ.

FollowupID: 19614

Reply By: bruce.h (WA) - Monday, Aug 18, 2003 at 18:02

Monday, Aug 18, 2003 at 18:02

Gday All
just insured with tcis nissan gu 3ltd $39000 + extras total value $45000 cost me $720 all up to insure, i didnt bother checking on others as it was costing about $80 to insure my gq for $14000 so it didnt seem to bad. btw insurance companies asses the risk to the m not only by your driving record but also by the post code of where you live, which they cross referance with the crime stats
Regarsd Bruce

AnswerID: 28325