Insurance Pricing

oh yeah big time. My actual renewal came up at $581 this year and i was like wtf i paid less last year. So I got another quote and paid $547.

Though I dont think I'll get any brownie points for loyalty :crazy:
 
Down here in Wollongong I find NRMA to be the cheapest. Hell I am 23, driving a V8 worth $40k+ and am only paying ~$1300/year. Everyone else either didn't want to know me or are $2k+

Insurance premiums and how they calculate the risk you pose to them is so complex though you need to be consistently checking for quotes each time it comes to renewal...
 
$1200-1300 is around what I got quoted by NRMA down here in Sydney
 
what agreed values are you guys getting on your CE's. And can they keep changing it every year?
From last year to this year they took off $2100 bucks from my agreed value "based on what they're going for in the market and on redbook" I reckon that's BS. My car's stock value is much more than $3400 :/ Are they allowed to just change it every year? I didnt agree to that agreed value!
 
Jazza said:
what agreed values are you guys getting on your CE's. And can they keep changing it every year?
From last year to this year they took off $2100 bucks from my agreed value "based on what they're going for in the market and on redbook" I reckon that's BS. My car's stock value is much more than $3400 :/ Are they allowed to just change it every year? I didnt agree to that agreed value!
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Mines at $7990 which is the max RAC would offer online. I have talked to them and it can be increased but that means higher insurance rate.

Check the terms and conditions, or just call them up.
 
Yes it's standard practice for them to depreciate the agreed value every year. See if you can adjust it higher.
 
Oh wow, thats interesting stillstanding45

Ryan said:
Yes it's standard practice for them to depreciate the agreed value every year. See if you can adjust it higher.
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This is based on the Glass Guide's valuation which most insurers follow. My 07 CH was said to be worth 14k (market value)... bs if you ask me but i'm going along with it cos its more than I expected haha.
 
No idea what they each follow, but its not the same guide or some are applying some sort of fudge factor if it is. I know when getting insurance on the CJ just car would only go for low $20ks whereas NRMA would allow upto mid-high$30ks for it....
 
They are all stingy really, the thing I like about Wesfarmers is that they seem to be negotiable. For full comprehensive it was going to be $900, I only paid $1000.

In reports, insurance companies hate lancers because of how many new drivers own them and mod them ect...
 
I just got myself an online quote for fire and theft/property damage from wesfarmers at $363 p.a
Too bad I already renewed my policy with AAMi just last week :(

EDIT: Thanks stillstanding45 anyway. Gotta show my appreciation for this :thumbup: LIKED
 
I don't understand how I pay so much for insurance, my cj is insured for about 15k. I'm 24, it's been over 5 years since I lost my license so thats not counted, no at fault accidents. and I struggle to get a quote cheaper than $1300 p/a
 
Liom try Coles Car Insurance by Wesfarmers. They are really cheap as I found out yesterday - 3rd party property damage/fire and theft mainly.
stillstanding45 said:
For full comprehensive it was going to be $900, I only paid $1000.
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Haha good for you, my comprehensive quote came up to $2200 from Wesfarmers.
 
Liom said:
I don't understand how I pay so much for insurance, my cj is insured for about 15k. I'm 24, it's been over 5 years since I lost my license so thats not counted, no at fault accidents. and I struggle to get a quote cheaper than $1300 p/a
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These are inflenced by many factors including your car model, the number of accidents others have claimed for using this car, the area where you live and garage your car overnight etc... It's small things like these that cause price fluctuations.
 
i put down a quote in the nicest suburb i could think of, had it listed as locked up overnight, and everything, still was exorbitant. The only thing that changed it somewhat was changing my gender to female, and I'm not sure I'm up for that. I'll shop around though I think.
 
So.... does anyone know any good surgens around the area? :lol:

When I looked up later models such as the ce, it was going to be about $2,500 for full comprehensive at Wesfarmers. The cheapest I found was Just Car who wanted $1,200. With these prices though, you would out pay your cars value in 2 years :cry:
 
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