Which Insurance company are you with?

**pumped** · 25-02-2011, 11:04 AM

Originally Posted by HPSOV

What agreed value? What excess?
I am paying $1300 through NRMA and did a quote with Allianz and it was $1200 with an agreed value of $52000 (the highest it would go, I would have liked to insure for more given the options I have) and $550 excess. 30yo with no accidents.
I suspect the suburb you live in must play a huge part in your premium.

Agreed for $49,000
Which is a bit low but it does come with the new vehicle replacement cover for 2 years
$500 excess (+ age excess which you cant avoid)
Suburb plays a huge part in the premium, Im in Newcastle so the rates are alot less than sydney
Its covered under a Commercial Motor policy also which helps avoid any age problems
Premium will drop significantly when i hit 25 also

**dave_r** · 25-02-2011, 11:08 AM

Originally Posted by pumped

Which is a bit low but it does come with the new vehicle replacement cover for 2 years

You might be in for a nasty surprise regarding that policy! Read up on the fine print.

GIO states that if they cannot replace the car in 90 days, you'll get paid market value or agreed value if specified. For the R, their market value was below 55k despite the car costing way more so I paid an extra $50 for the higher agreed value just in case.

**Big Yellow** · 25-02-2011, 11:51 AM

also in for a surprise if you think premiums drop significantly when you turn 25! the only thing you can save on is the age access so therefore take on a larger excess to reduce premiums. but its SFA anyway. (based on my experience with my r32 with racv)

**pumped** · 25-02-2011, 01:50 PM

I know the wording pretty well
and i know my premium will drop around $200 by being over 25
I am an Insurance Broker so i have access to the Allianz quoting system & various other insurers so i can fiddle with things a bit to get myself the best price
Can also access discounts and reductions not normally available

7R · 25-02-2011, 01:54 PM

Just getting quotes - Golf GTI, 49k value, both drivers over 40. Clean driving, clean livin etc... $1100 with full NCD and house, contents and current green slip. One word for the wise - compliance. Just because the insurer says yes to mods as long as they are roadworthy doesnt mean they are. You need to check with RTA in NSW as to whether CAI, tune etc are legal. I had an over the radiator CAI in my V8 and it was not deemed roadworthy... if stopped by the cops I would have been defected off the road by virtue of my CAI. Just because something is being sold, advertised and used widely doesnt mean it retains the car's roadworthiness. This is the loophole most insurers will void your claim through - much the same as the manufacturers warranty.

Until someone on the forum gets their mods engineer certified and then signed off by the RTA it is entirely plausible that the car could be deemed unroadworthy for something as simple as a CAI or tune.

**pumped** · 25-02-2011, 02:02 PM

Another thing to keep in mind is that although some insurers will not ask the question nor specifically note in their wordings that they will exclude modifications the basis of insurance is that anything a reasonable person feels necessary to mention/or should mention if it may affect the cover needs to be disclosed.

For Example- Some Insurers will give you a quote over the phone and may not ask your history/about modifications but in the event of a claim you may find yourself having to fight to get things paid.

**thirdwill** · 25-02-2011, 03:54 PM

Was gonna go with Allianz but they couldn't insure my wife.

Now with AAMI.
Comprehensive Agreed value of $52k, Windscreen and Hire Car option for me (30) and my wife (27) Excess is $400.
all up $55/month or $660/year

**MurphyTheElf** · 25-02-2011, 04:16 PM

Originally Posted by thirdwill

Was gonna go with Allianz but they couldn't insure my wife.

Now with AAMI.
Comprehensive Agreed value of $52k, Windscreen and Hire Car option for me (30) and my wife (27) Excess is $400.
all up $55/month or $660/year

I was initially with Allianz (VW Insurance) and was able to negotiate cover for my girlfriend, despite her being under 30. Nobody else under 30 was allowed to drive the car. It seems they have very strict and antiquated policies, including no modifications. Also, their new for old policy isn't worth a damn because they refuse to negotiate on agreed value.

The price you have now is very good! I pay about $1000 for the same cover, but I'm with RAC, who put my car value up to $57,000 which is enough for a new fully loaded GTI - precisely what I have now. No driver restrictions.... modifications are fine. The higher price is probably due to the dodgy suburb and I park in an open driveway.