CGU Insurance
Submitted: Monday, Oct 13, 2003 at 15:39
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Member - Raymond
Hi all, the insurance for my Hilux is about to run out and I've been informed by my insurance company, AAMI that my premium for renewal will be around the $1000 mark. This is up from the $750 they charged me last year for my 4Runner. I was informed when I switched the insurance from the 4Runner to the Hilux that it would be around the same price.
I've since rung around and have a quote from CGU for $670 which is a far cry from that quoted by AAMI. While I've been happy with the service from AAMI in the past, I can't really look at the price difference and not think about switching.
I was just wondering if anyone has had any experience with CGU and whether it was favourable or not?
I'm over 25 and am currently on Rating 1 with AAMI. The Hilux is fairly stock standard with a trayback, bull bar, sidesteps, BFGoodrich AT's and UHF/AM radios.
Reply By: Member - Raymond - Monday, Oct 13, 2003 at 15:41
Monday, Oct 13, 2003 at 15:41
Sorry, forgot to mention that it's a Turbo Diesel Hilux purchased new. That may have some affect on my premiums.
AnswerID:
33608
Reply By: Truckster (Vic) - Monday, Oct 13, 2003 at 15:43
Monday, Oct 13, 2003 at 15:43
Call AAMI back and tell them of the quote from elsewhere.
Also look at what your covered for and WHERE YOU ARE COVERED.
Personally havent heard much good on AAMI...
YMMV
AnswerID:
33610
Reply By: Member - Bradley- Monday, Oct 13, 2003 at 16:03
Monday, Oct 13, 2003 at 16:03
Raymond, i went through a broker for my 98 jackaroo and got a cgu policy fully comp for $380 a year with a $70 windscreen cover which i can claim on without affecting my rating or ncb. I am certainly happy with them, the quotes i got personally were between $1200 and $600 !! Bullbars etc were sweet, i am 30 - rating one. no loss of licence. The broker was 21st century insurance brokers in Melton Vic. all done over the phone and post. BradLife is short- but there's always time for a yarda.
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33617
Reply By: Hughesy - Monday, Oct 13, 2003 at 17:24
Monday, Oct 13, 2003 at 17:24
Raymond, I was in the exact same boat as you earlier this year. I shifted to a tiny country from the big smoke and they wanted around $1000 - so I told them where to shuv there quote and got on the internet and as you said CGU were the cheapest by a country mile. Now paying $400ish for rating one over 25 driver. Never made a claim so don't know what there like towards claims. There all as bad as each other as far as I'm concerned anyway - so just go the cheapest!!
Cheers,
Hughesy
AnswerID:
33622
Reply By: DODO(bendigo) - Monday, Oct 13, 2003 at 18:37
Monday, Oct 13, 2003 at 18:37
gday raymond.
we just changed to cgu.
$140 cheaper than old company.
covered everywhere except race meetings ect.
lancruiser park ect we covered.
no hastle with lift kit ect all covered and on policy.
all accesories covered.
we did notice one thing they fixed straight away we have 4 door wagon with 3ltr duel fuel but when policy came it had 2 dr hard top with 4.2 petrol.
just read your copy of the policy.
ps they saved us over 50% on house and contents as
well.Raphus cucullatus
AnswerID:
33631
Reply By: Member - Al Symers (SA) - Monday, Oct 13, 2003 at 21:34
Monday, Oct 13, 2003 at 21:34
G'day Ray, I have all my insurances with CGU and recently had to put a claim in for a new set of specs. No problems at all, all done over the phone and paid up promptly.Nil Taurus Excretus
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33656
Follow Up By: Member - Raymond - Tuesday, Oct 14, 2003 at 14:29
Tuesday, Oct 14, 2003 at 14:29
Thanks all for the replies. I reckon I might give CGU a go. So far no-ones posted anything bad about them and their policy wording seems similar to most other insurance companies.
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24227
Reply By: Member -BJ (Sydney) - Tuesday, Oct 14, 2003 at 16:37
Tuesday, Oct 14, 2003 at 16:37
CGU now part of NRMA . Funny to see AAMI price hikes since going public.Regards Bob
Where to next
AnswerID:
33755
Reply By: Mg - Wednesday, Oct 15, 2003 at 22:27
Wednesday, Oct 15, 2003 at 22:27
I guess I have to be the word of caution....after considering the CGU policy (in SA anyway) I noticed that they have no rating one protection available unless you have been with them for at least 2 years. A risk I know, but one I guess you have to take into consideration....
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33968