Which Insurance company are you with?

[Corey_R]

If you lower your suspension by more than 40mm, then your car is actually not roadworthy (depending on state regulations), let alone insurable...

In the past 6 months when I've enquired, NRMA's stance is what most insurance companies should be. Their comment is that if the car would pass an RTA inspection (i.e. complies with all ADR's and roadworthy requirements), and it doesn't exceed any thresholds as far as cost, then they will insure it.

As simonm stated just above, they don't care what modifications you have. It doesn't even increase the cost of your premium, unless you need to increase the insurable amount to cover the cost of the modifications in the policy too.


But as always, there may be different conditions for people of different ages and in different locations, so always best to talk to a consultant and read the PDS' yourselves.


Edit: And as fergus just noted, Shannons are quite happy with mods too. My Polo GTI with APR Stage 1 was insured with NRMA and now with Shannons. My only reason for change was Shannons was cheaper this renewal round...

[fergus]

Guys
Also forgot to mention that I noticed some people earlier asking about AAMI. Over the years, I have typically done most of my insurance through a broker. Brokers are usually "In the know" about what companies are like etc. The point blank answer I got about AAMI is "Don't touch them with a barge pole". Their premiums might be cheap but the "Fun & Games" apparently starts whenever you have a claim. Remember if you are dealing with your "Pride & Joy" here, do you want to be stuffed around ?

Shannons (by their nature of "Insurance for Enthusiasts"), are a lot more accommodating.

[Idle]

Also forgot to mention that I noticed some people earlier asking about AAMI. Over the years, I have typically done most of my insurance through a broker. Brokers are usually "In the know" about what companies are like etc. The point blank answer I got about AAMI is "Don't touch them with a barge pole". Their premiums might be cheap but the "Fun & Games" apparently starts whenever you have a claim. Remember if you are dealing with your "Pride & Joy" here, do you want to be stuffed around ?

Being an ancient cit. and already having other cover with them I went with APIA, even though their quote wasn't the lowest.

When a claim arose (a "no fault" one, BTW) and it came down to needing help with getting the car fixed when the other party began ignoring correspondence, I found myself referred to AAMI, who insisted it go to their preferred repairer (the cheapest of 3 and don't argue with us...) despite their being able to claim it back in full.

Then the renewal notice came in from APIA for the second year — premium increased to over $1000, thank you (what happened to 'lifetime rating 1'?

Ran it through AAMI's on-line calculator and was quoted $735 and a few odd cents for exactly the same cover.

May yet go back to third party property cover — I always found it paid me better over the life of a vehicle (even back when I was running a fleet), despite the occasional repair bill.

My thought is that the actuaries who calculate insurance premiums use ouija boards rather than brains.

[dave_r]

They all have a nice exit clause called "Duty of Disclosure" which covers all the gaps. Just because they don't ask, doesn't mean they don't want to know. If you play games with insurance, you may as well not have it.

[Idle]

They all have a nice exit clause called "Duty of Disclosure" which covers all the gaps. Just because they don't ask, doesn't mean they don't want to know. If you play games with insurance, you may as well not have it.

Precisely.

If they do you, that's business. If you do them, that's fraudulent breach of contract.

Insurance is probably one of the most pernicious forms of gambling ever invented.

[ratedr]

Allow me to state the obvious. APIA is AAMI... Check out what comes under that umbrella, many insurance brands. When I had my 6 month ordeal with AAMI I dealt with a suncorp manager... The whole group is useless. If you smash, ensure you write it off. That's the only lesson you can get out of this! After a smash, it will never be in original condition... Never.

[Idle]

Allow me to state the obvious. APIA is AAMI...

Yes, I know... Didn't when I bought the Golf, tho' — it had always been (and, last time I looked, its paperwork says it still is) Australian Alliance.

However, nowadays there seems to be two major local insurance groups (umbrellas?) with lots of names and a few (mainly foreign, I think) players with odd names, vigorous advertising and origins that mostly aren't at all easy to track down.

In fact, a typical example of what's happening to this country since open slather was introduced.

I'll not live to see it, but eventually Australia will become little more than a larger example of what happened to Nauru.

Now I'll put my soap-box back in the shed...

[fergus]

Guys, In addition to my earlier praise of Shannons, if "money is no object" I am led to believe that AMP is excellent when it comes to claims but expensive premiums

[tbone malone]

I'm up for renewal of my comprehensive insurance and have been shopping around for the last few days. Shannons does come across as a good insurer but the $2000 they quoted me was a bit out of my zone.

At the cheaper end of the scale, anyone had experience with Progressive Direct?

[Darren]

FYI insured my new R with Shannon's thru my company. Agreed value $64,000 with all of my options listed for circa $1,400 pa. I'm very happy and their claim processing for one of our work Corolla's last month is brliliant.

[Christopher]

I'm up for renewal of my comprehensive insurance and have been shopping around for the last few days. Shannons does come across as a good insurer but the $2000 they quoted me was a bit out of my zone.

At the cheaper end of the scale, anyone had experience with Progressive Direct?

are you <25 or >25?
For me, I'm <25 and I've insured with RACV (not too sure what your NSW eqivalent is, perhaps NRMA(?)) for agreed value of $42k for $1200 a year with a $1000 excess... So with stanard excess I was ~$1700-ish.

[tbone malone]

are you <25 or >25?
For me, I'm <25 and I've insured with RACV (not too sure what your NSW eqivalent is, perhaps NRMA(?)) for agreed value of $42k for $1200 a year with a $1000 excess... So with stanard excess I was ~$1700-ish.

I'm over 25, under 30. Had NRMA for the past year at $1300, so just seeing what else is out there.

The lowest quote I've got so far is Progressive Direct at ~$850, but am interested to hear any others' experiences with them...

[Darren]

are you <25 or >25?
For me, I'm <25 and I've insured with RACV (not too sure what your NSW eqivalent is, perhaps NRMA(?)) for agreed value of $42k for $1200 a year with a $1000 excess... So with stanard excess I was ~$1700-ish.

I'm 48 - so age, history and a good rating is not an issue for me, but I do understand your point!

[HPSOV]

Golf R
NRMA
$65000
29yo
$600 excess
Sydney

$1400pa

[wooduck]

Golf R
NRMA
$55000
56yo youngest driver
$1000 excess
Sydney
$776.38 pa.