Insurance....merged Topic....

[Hidiho]

You realise that you get a waiver period with most insurance policies for the first month? So you could probably refund the insurance one and take out one with QBE!

I realised this because when I bought my car in Melbourne I had to take out a full policy to get it home and I was able to refund it when I got home and then shop around for quotes

Hello Bellato, I found out about the 21 day cooling period a couple of weeks after I got home when I finally sat down and read my paperwork and fortunatly for me I managed to cancel Swann (St George Motor vehicle insurance) on the 20th day and went with QBE, I had the payment with Swann credited back into my account 2 days later.

What I did find surprising is that Swann made no effort at all to try and minimize the premium to match QBE's and the call cell person even remarked herself that there was a major difference between the 2 companies.

I'm now with QBE and even had an accident claim with them last year when my Motorcycle was almost about to be written off (original quote was $16,000 for parts and labour) and the assesor worked with me so that my baby wouldn't be written off. I've had good service with QBE and can't fault them on service or the friendly call centre staff.

Cheers

Hidiho

[joshmcmillan]

20 year old with BA MKII XR6 Turbo... NRMA said it was completely fine for me to insure it with my Dad as the ONLY listed driver, even if I am the main driver, so long as he would be in some indirect way financially effected if it was written off (the example used was me having to borrow his car). I am copped with a $2600 excess in such an event though.

$537 a year in a mid risk area (Dad is 55yo, Rating 1 for life) (We live in one of the lowest risk areas possible but small town and post code is the same in a worse area 30 minutes drive away).

Would be $1650 listed in my name, or $1350 with me as a listed driver in Dad's name.

Insured for market value, which I'm hopeful that in the event I would have to claim, they would take into account that it is a 6 speed manual with only 89,000km's in immaculate condition and not only give me say $10,000 to buy something far worse.

Edited 07/11/12 01:39 PM by joshmcmillan

[jakos]

im 23 from the western suburbs of melbourne and just insured mine with racv for $1800 rating 4. insured for $26000

[Woooody]

Got my insurance through RAC (WA). 22 year old with no accident history or licence suspensions. Insured for $40000, premium $1000 per year or $100 per month and standard excess $450 + age excess of $450.

After skimming over a few posts Rac is looking pretty bloody good me thinks

[#96]

Hmm, Rac seems to be doing well.

Currently with AAMI, and after doing their driver course (free) I'm down to $95 a month, as a clean sheet, 21y/o male in a $30000 manual fg xr6t. Think I've just got the Standard excess of $400 (obviously, plus age excess bullsh*t)

Certainly happy with that, but may look at RAC when the time comes.

[skidxr6t]

hah my insurance from many places is quoted from 3500-7000 (the latter being that crappy youi company).

However that's for a 20yo male, with a licence loss listed for a BA XR6t (no mods).

Its insured third party with theft as the excesses are so extreme on any quote I get there I would almost be able to buy myself another car if I wrote my car off.

[visine]

And how mate renewal insurance up for me this month rang Shannon's today quoted 4k than just insurance 2.5. With an excess of 2 .3 and that's no claims no lost of license and not a daily

[bunna]

Looked up shannons out of curiosity. Pretty sure I won't be insuring with them...

[Kosij]

No claims discount 0 that may be why it's a little on the high side.

[bunna]

I didn't know what to put in so I left it zero as a baseline. Doing some research now I should get the maximum (rating 1) which with shannons is 65%

It would need to be an 80% discount to even match my existing premium, which has no restrictions on regular use