Insurance Quotes FIY

[Spec83]

Another vote for NRMA here too, I always go agreed value... Also, with them you don't have to list mods just need to make sure they are legal

[Corey_R]

With NRMA their PDF says

If you have Comprehensive Insurance and
we consider your vehicle to be a total loss:
we will:
pay you the agreed value or market value
depending on the cover listed on your
current Certificate of Insurance.

If they adjusted the agreed value down each year would they have to issue you with a new Certificate of Insurance each time with the adjusted amount on it?

Yeah that's right, each yeah they send you out the renewal notice, and on it it has the new agreed value. If you disagree, you can always call up and renegotiate it up (if you have a valid reason to do so), but otherwise it will "depreciate" each year.


One then I should point out, I don't know if it has been mentioned in this thread or not, but it certainly has in other insurance threads in other subforums:
DO NOT RELY ON "NEW FOR OLD INSURANCE"!!! A condition for new car replacement is often that the "replacement car" is in the country and readily available. Whilst that might work for Toyota and Honda owners etc where there are either manual or auto, with maybe 10 colours and at worst, two "equipment levels" and therefore only about 40 combinations and therefore a great chance of your combination already being in stock somewhere - as you know with your Polo's and the waiting times, they're almost never in stock, and almost never the same "options".
Therefore, it is not likely you will be able to use the "New for old" option, or if you can, you will have to compromise with the specifications. You had a white car, you might get a black car etc. [b]IF YOU GET PAID OUT because there isn't a suitable "replacement car" in the country", then they fall back on "MARKET VALUE", or "Agreed Value" if you have chosen an Agreed Value policy. Again, those of you who have got insurance quotes will understand that Market Value doesn't take into consideration the true replacement cost of your car (onroads, options, accessories, etc). So make sure you're not caught out!

[LRich]

Laura, email aami. That's what I did after trying an online quote and I got $751 for the gti!

I emailed aami and they've replied saying I can't get an emailed quote, so frustrating! I think it might be because I had an at fault claim last year.. oops!

[themmc]

DO NOT RELY ON "NEW FOR OLD INSURANCE"!!! A condition for new car replacement is often that the "replacement car" is in the country and readily available.

Yeah - remember insurance is not about happiness. It's about reducing your overall risk. It won't make all of your risk disappear though.

[snedden9485]

Got a quote yday and Aami was around $700 with $500 excess (26yo driver, Newcastle suburb, garaged). NRMA was about $770 ish.

[snedden9485]

Funnily enough though, my previous car was a MY06 STi which was insured through Allianz (in my name for $1000 suprisingly), however when i enter the details of the Polo GTI, they say they wont offer me insurance due to the type of car and my age. Bloody idiots will insure my 206kw STi hoon machine, but not a 133kw Polo????

[gavs]

If it's not in a garage at night and locked away they won't insure you either!

[JSKAR]

Has anyone tried "Progressive" on-line car insurance?

[saabby]

I went with GIO for $780 with agreed value of $31500 and $600 access. It includes replacement car within 2 years, windscreen and 65% NCD locked in. Parked on driveway in North Shore.

[kane]

I just re did my insurance with nrma for an rx8 and nrma came to 1600 aami however wanted to charge me 3,000??
24 years of age.

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