AU insurance

[Mumblepants]

My last Youi had increased to $1557 with an $1825 excess.
I guess my age/record/postcode must differ from yours.

haha yes, I aint as young as I once was and well my record is immaculate... however I do live on the mainland with a neighbouring suburb that leaves a bit to be desired

 

[Shopkeep]

haha yes, I aint as young as I once was and well my record is immaculate... however I do live on the mainland with a neighbouring suburb that leaves a bit to be desired

I think I have the same problem, metro Melbourne is the epicenter of car theft in Australia: over 10,000 claims in the last FY.

 

[Shopkeep]

I’m in the renewal cycle, lowest quote so far for me is from GIO for around $1450 (excess at $2500).

LOL, ran my details through GIO and got $3576 at $2300 excess!

 

[Mumblepants]

LOL, ran my details through GIO and got $3576 at $2300 excess!

I don’t mean to brag.. but how farked is this
Wow wee

 

[DenisM]

My renewal with suncorp was $2,136 for $105,800. "New for Old" replacement in case of total write off, unlimited hire car, $1300 excess, windscreen and other glass replacement ...

 

[Rok_Dr]

Just got my renewal today from RACWA.

Premium for full comprehensive $1303, agreed value $135,300 and a $1000 excess.

Cheers
Steve

 

[GeoBike]

Just got my renewal today from RACWA.

Premium for full comprehensive $1303, agreed value $135,300 and a $1000 excess.

Cheers
Steve

Any age restriction on the drivers? Mine was $1,401 with Youi Dec 2024, NSW, drivers over 30 only, market value, Business.

 

[Rok_Dr]

Any age restriction on the drivers? Mine was $1,401 with Youi Dec 2024, NSW, drivers over 30 only, market value, Business.

No driver age restrictions but the policy has the usual age related excesses.

 

[Mumblepants]

No driver age restrictions but the policy has the usual age related excesses.

Seems to be a trend with living in Victoria... RACV is $2235 agreed value $116,000

 

[TheDocAUS]

Seems to be a trend with living in Victoria... RACV is $2235 agreed value $116,000

Major cities pay much higher premiums than other locations. Even higher in the crime capital of Australia, Melbourne.

 

[Clark Kent]

I got a promotional text from Club4x4 today. My camper is insured with them and apparently they want my tow vehicle business also.

You've protected what you tow - now get $150 when you take out 4x4 cover with us. Use code xxxxxxxxxx. Get a quote: club4x4.com.au/xxxxxxxxxx/

I followed the prompts and got a quote. Now my (brave) assumption was the promo quote would be sharp, or at least no worse than a retail quote. The promotion includes a $150 gift voucher if a policy is purchased so there is that value also.
Call me cautious, but after I got the quote I did another quote via the Club4x4 home page, i.e. no promotion.


Promo price:
(comes with a $150 gift voucher)

Non-promo price:

You're reading that right. The promo price is $66.88 more expensive than the non-promo price. Include the $150 gift card value and it is a net 'saving' of $83.14 but as an existing customer I would not expect to pay more to hand over my business.

Since this is an Australian insurance thread; I'm currently paying $1529.60 annual for $113,000 agreed value with an $1150 excess at Shannons. Club4x4 will only allow me to insure my MY23 for $108,620 without calling them.
I was an early reservation holder so my station wagon driveaway price in July 2023 was $112,402 with rough and smooth packs and a bunch of options and dealer-fit accessories included.

 

[Mumblepants]

I’m in the renewal cycle, lowest quote so far for me is from GIO for around $1450 (excess at $2500).

 

[Mumblepants]

Vehicle & amount covered / City / Insurer / *Annual cost / Excess / Rating / Hire car / Windscreen.
2023.5 Trialmaster / Geelong Vic / Bingle / $2023 -$203 pm / $2300 excess / Rating1 / No hire car / Windscreen Yes / New for Old replacement (up to 3 year old car and not at fault)
So I bit the bullet today and went with Bingle..
Exces is garbage as is market value.
However, I needed insurance from today and this is the only Conpany on my search that provided New for Old.
I’ll keep looking for better deals but the majority of quotes (I got 10) were all in the ballpark of $2,200-$2,700 and the others all $3,000 - $3,800
i select came back with Everyday rewards as their only oprion at $4,100 they had
Budget Direct listed that stopped insuring the grenadier in their list of “no policy offered” I was with them and premium was $1500 per annum..
CommBank was close with agreed value $115,000 and one free windscreen for $2,300 annually- Excess of $2,000

RACV was also close until I chose agreed value 115k and it blew out to over $2700..

So best of luck to all those still on the hunt.

 

[Tazzieman]

Wow. Tick the non binary box next time! Or maybe now, as they like you to advise of any changes ASAP.
‘Non-binary’: Man exposes insurance ‘joke’ https://www.news.com.au/technology/...e/news-story/4b41ff7a488d500ac45c2db986b50a3a

 

[Clark Kent]

Wow. Tick the non binary box next time! Or maybe now, as they like you to advise of any changes ASAP.
‘Non-binary’: Man exposes insurance ‘joke’ https://www.news.com.au/technology/...e/news-story/4b41ff7a488d500ac45c2db986b50a3a

Weird huh.

I recently switched insurance providers for my wife's car. The policy was in my name because I take care of all our car stuff but we are both listed as regular drivers. I was primary driver, wife was additional driver. When the annual renewal arrived I took the opportunity to swap that around because it's her car and she drives it the most. They made the change them sent me a revised renewal with a $187.00 higher premium to have her as primary and me as additional. Age, driving experience and claim history are not factors here. When I challenged the increase the insurance company tried to explain that premiums are based on many things other than gender like where the car is parked overnight (we share a double garage), the address (in the same house), the cost of repairs (it's the same car), etc. The stats in Australia are that men have more insurance claims than women due to doing more driving. Young men display more risky behaviours that puts them into accidents. The insurance gender gap is typically men pay more than women based on risk profile. Not in this case.
So they have lost my business, including two other policies. Gender based bullshit.

 

[Tazzieman]

Nuts. Or perhaps no nuts. World gone mad, dad was right.

 

[DenisM]

Weird huh.

I recently switched insurance providers for my wife's car. The policy was in my name because I take care of all our car stuff but we are both listed as regular drivers. I was primary driver, wife was additional driver. When the annual renewal arrived I took the opportunity to swap that around because it's her car and she drives it the most. They made the change them sent me a revised renewal with a $187.00 higher premium to have her as primary and me as additional. Age, driving experience and claim history are not factors here. When I challenged the increase the insurance company tried to explain that premiums are based on many things other than gender like where the car is parked overnight (we share a double garage), the address (in the same house), the cost of repairs (it's the same car), etc. The stats in Australia are that men have more insurance claims than women due to doing more driving. Young men display more risky behaviours that puts them into accidents. The insurance gender gap is typically men pay more than women based on risk profile. Not in this case.
So they have lost my business, including two other policies. Gender based bullshit.

I'm not surprised. We live on a three lot community title with two other families. The land is fenced and separately rated by the local council. The single "shared " facility is a pathway between two cottages to which we on the third lot have no access. The path is 1m wide and 10m long. It is used for storing their wheelie bins. By law, it must carry a A$20m public liability. This year the cost has increased from $450 to $695. The path itself is "insured" for the minimum $10,000 as common property. One needs a physical structure insured to qualify for strata public liability. I was told by the call centre that this will be the final year... They're deeming it not worth their while to insure it (AAMI). They're now expecting minimum policy returns in excess of $1000!
RACQ Recently reinsured my wife's Subaru Impreza 6 yrs old $1200+. 37% increase on last year. They could not/would not explain why. I'd shopped around and comparing policies 'clause for clause' couldn't get anything significantly cheaper

 

[Mumblepants]

Wow. Tick the non binary box next time! Or maybe now, as they like you to advise of any changes ASAP.
‘Non-binary’: Man exposes insurance ‘joke’ https://www.news.com.au/technology/...e/news-story/4b41ff7a488d500ac45c2db986b50a3a

Haha add that to the other boxes I’ve been tempted to tick to get rid of my “privilege”

 

[Tazzieman]

Haha add that to the other boxes I’ve been tempted to tick to get rid of my “privilege”

Are you Auto or Manual "trans"?
Or " Prefer not to say?"