Insurance

[boardie_19]

My new for old is for an unlimited time. As long as I own the car and it gets written off Suncorp replace with new. It only added $12 a year to the cost. Paid $537 with free windscreen, hire car and $600 excess. I don't reckon I'd have much trouble sourcing a base manual.

Hi Mountainman,

This is a great feature of any policy.

Just be mindful of a few things. If you break coverage with Suncorp, i.e.: you insure with a competitor one year and then return to Suncorp, then you will not be able to take out this level of cover. It is actually a sneaky way to keep a customer insured with the brand. Actually quite a good marketing technique.

Also, when it comes time to replacing a vehicle for a customer under this condition, which is called the 'Comprehensive Advantages' level of cover, the insurance company will provide you with a new car which in their opnion is a smiliar make and model to your car.

In saying that, Golfs will be around forever, and sourcing a base model shouldn't prove to be to difficult.

Just make sure your agreed value is sufficient, because in the event a car can not be sourced in a reasonable time frame, you at least want to be financially compinsated for the correct amount.

[boardie_19]

Here are some comparison quotes that I've done on the Mk7 R (full options):

- NRMA (I've had roadside with them for 6 years now and prior car insurance was with them): $915
- AAMI (Current car insurer for 6 years): $1,250
- Allianz: $1,160
- Bingle: $1,550!!!
- Suncorp: $1,300
- youi: $789

All quotes are comprehensive on market value for 2 drivers (late 20's) listed, perfect driving history, and no extras (hired car, windscreen etc.), and youi's quote already includes hired car for a maximum of 14 days (on theft claims). Excess is $725

It's obviously worthwhile to shop around!!! Has anyone gotten anything better?

The pricing you have received is pretty good for an 'R' considering the performance of the vehicle.

I am currently with the NRMA, i hold a 'Comprehensive Plus' policy, giving me an agreed value of $45,400 (2014 103TSI Highline), an unlimited hire car for the full duration of any repairs, unlimited excess free glass claims including sunroof and tinting, choice of repairer, open driver policy with a $300 standard excess (i reduced this from $650). I live in the heart of Sydney... $892.40 (annual).

Never insurer for Market value.... extremely risky especially on an 'R'.

[DeboDasAuto]

Hi Boardie - it is a comprehensive policy vehicle insured for market value - no changeover from another vehicle - seriously I still don't get it.

[irossiter]

Anyone gone with VW insurance? I can't remember but they are underwritten by one of the big companies. Quoted just over $1000 for my PP GTI for $55,000 but they also have this rubbish "theft excess" of. $2000. C'mon guys!? Still looking around.


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[boardie_19]

Hi Boardie - it is a comprehensive policy vehicle insured for market value - no changeover from another vehicle - seriously I still don't get it.

DeboDasAuto,

Good for you... some people have monthly phone bills more than your insurance premium!

[boardie_19]

Anyone gone with VW insurance? I can't remember but they are underwritten by one of the big companies. Quoted just over $1000 for my PP GTI for $55,000 but they also have this rubbish "theft excess" of. $2000. C'mon guys!? Still looking around.


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Hi irossiter,

Volkswagen Insurance is underwritten by Allianz. I wouldn't worry to much about a $2,000 'theft excess'. No one steels cars these days and besides, they are to hard to knock off.

The premium seems quite good for that level of cover!

[irossiter]

Yeah it does seem to be a pretty reasonable package deal. They have a similar package to the Merc insurance with the A class. They were very good to deal with. Not that I've claimed though! Still need to beat VW down on extra 2 yrs warranty. They want $2300 from memory.


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[ACID]

^^ $2300 is lower than what I was quoted. I think they wanted approx $3k for the 2yr warranty.

[boardie_19]

I secured the extra two years or Volkswagen extended warranty for $1850 as i ended up financing thru VW financial services. Apparently its discounted when you:

A. Take out the extra cover at time of vehicles delivery
B. Finance the whole or part of the vehicle thru VW financial services.

It was closer to $3K if i took it out within the three years of the warranty, after the vehicles delivery. Was a no brainer for me as i intend on keeping the vehicle for at least 5 years.

[irossiter]

That's VERY interesting. Thanks boardie. The quote I was given was also with a quote for VW finance. I'm not picking up the GTI for a couple of weeks most likely while I try to sell my Merc privately. I'm even looking at insurance with them so they'll have to do better.


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