Insurance Query

[jayen]

I have been checking through the GIO product disclosure statement and I think I will be happy to go with them. They seem to provide everything I want including choice of repairer and new car replacement in the first 24 months. I will still give the other budget insurers a call and check through their product disclosure statements to compare.

Originally, I was going to go through AAMI. They had a decent price and 10% off if you complete their driving course, but after double checking the quote, they would only value the car at what I purchased it for (<35k) and if you paid monthly, the total cost was $233 more!!!

Can't wait until the missus turns 25! lol

G'day Dru,

Strongly suggest that you visit The Australian newspaper Car Duide website (car insurance | tools and advice | carsguide.com.au). This has a link to Cannex report on Insurers and GIO rated very low.

Hope this helps.

[rob_]

I'm 24, driving an Octavia RS wagon (MY2010) and I pay under $900 with justcarinsurance... Which is just AAMI by another name... When you ring you get their call centre etc etc - service has been great.

[dru]

Thanks Jayen, I have checked that out and it's got some good info there! GIO actually rated 4 stars in the under 25 category which isn't too bad!

$900 is a great price rob. I haven't had any incidents but my partner has 3 years ago and I think that is what is causing all the problems! It's her car to drive 5 days a week so I can't really have her off the list!

Both AAMI and GIO have given half decent quotes now. I'll double check what justcar is offering.

***

Just did the justcar insurance and it came in at $1400 with a $800 excess. Mind you, I don't think they do new car replacement if the car is written off in the first two years and like AAMI, you have to pay in full otherwise it ends up costing an extra $300 a year!!!

[Antiplastix]

MY vRS wagon is insured through GIO and I have been with them for years. Several years ago I got a quote from Budget direct for my T5 Transporter, they were about $280 a year cheaper than GIO.............but as the car was less than 3 years old GIO had a replacment policy on a new vehicle, Budget wanted to insure it for their ??? market value, $16,500..( $4,500 less than Redbooks value ). Read the fine print with insurance policies no point saving a little bit if its going to cost you big time come crunch time.

[cjay]

Have you tried Allianz?

I got a great price and have excellent service from them on 2 claims, rare for an insurance company

[K1W1]

Geez it's good to be old. My insurance is around the $600 mark.

[Gnat]

Geez it's good to be old. My insurance is around the $600 mark.

lol Yeh, new vehicle, $500 with SGIO
Biggest problem was getting the girl over the phone to identify the correct vehicle !
She says "But sir, we cant insure it for that value, you've obviously paid too much ...."
I say "ffs, can we go through those options again on that bloody computer your tapping on ...."