Which Insurance company are you with?

[AdamD]

Golf GTI
$54k agreed
32y/o, Rating 1
Garaged in good suburb, Adelaide
Allianz: ~$800p/a, $500 excess

[dave_r]

AAMI quoted me (30yo) $850 but I don't like their policies because they don't allow choice of repairer and I believe the Golfs can't be repaired by anyone, particular rear end damage? Something to do with laser welds and the rear quarter?

GIO who do allow choice of repairer came back at $1250 with $600 excess though I have house and contents with them so might see what they can do as a bundle and bring the Polo over as well.

[v0a]

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.

im <25 and insured with RACV, agreed value 48k for $1300 a year with $950 excess (400 for age)

[Corey_R]

AAMI quoted me (30yo) $850 but I don't like their policies because they don't allow choice of repairer and I believe the Golfs can't be repaired by anyone, particular rear end damage? Something to do with laser welds and the rear quarter?

GIO who do allow choice of repairer came back at $1250 with $600 excess though I have house and contents with them so might see what they can do as a bundle and bring the Polo over as well.

AAMI could be paying you $850 and you should still go with GIO!
Don't do it man - you do not want to risk an accident and NOT WRITING IT OFF with AAMI.

[driver19]

NRMA. I'm 38 and got full no claim bonus + 10 years plus discount + multi policy.
Agreed value $52,000
$605 (no windscreen, basic hire care, $600 excess)
$733 (windscreen, full hire care, $600 excess)

Cheaper than my 13 year old Honda Civic!

[dave_r]

AAMI could be paying you $850 and you should still go with GIO!
Don't do it man - you do not want to risk an accident and NOT WRITING IT OFF with AAMI.

LOL you're not the first person to say that! Consider them avoided. Though I do tend to do things properly so a write off shouldn't be an issue

[ian]

AAMI quoted me (30yo) $850 but I don't like their policies because they don't allow choice of repairer and I believe the Golfs can't be repaired by anyone, particular rear end damage? Something to do with laser welds and the rear quarter?

GIO who do allow choice of repairer came back at $1250 with $600 excess though I have house and contents with them so might see what they can do as a bundle and bring the Polo over as well.

I'm also with GIO and was Quoted nearly $1000 and i have house and contents plus 2 green slips and another car with third party, so i went on line and did a GIO on line Quote which was $820 you save 15% if you do your insurance on line.
Once you have completed your details ring the help line and quote the quote number and they will complete it for you and save 15%.

[dave_r]

Once you have completed your details ring the help line and quote the quote number and they will complete it for you and save 15%.

Oh my price was online but no harm trying to negotiate a better rate, have done it before. Will ring them tomorrow if I can pull myself away from GT5 hehe

[docballs]

spoke to QBE today
I was told for new cars they offer 4yr new for old replacement.. This was heaps better than RACV and Strattons.
Turns out this applies only to cars they Grade as 1 - 6 and if your new car is Grade 7-9 they will only offer 2 year new for old replacement!!
Guess what the Golf R is graded? You guessed it - Grade 7 - so only 2 yr replacement available.
They also limit the total kms driven in 1st 2 years to <20,000!!After that market Value only !!!
Double bummer - as most people I'm guessing would do more than 10,000km's per year.
Lesson 1 - read all the fine print and ask lot's of questions before you sign up.
Lesson 2 - make sure own choice of repairer is stated
Lesson 3 - most standard excess is around $600. Huge savings can be had if you are prepared to have a slightly higher excess in place - consider $1000
Lesson 4 - Make sure ALL options are listed - needed if car stolen or total write-off in 1st 2 years
Lesson 5 - ask about windscreen option - some include it for free whilst others have extra charge added per year.
Lesson 6 - loan car rental usually limited to between 14-21 days. Most are capped to $1000 maxm. and some will limit to $50 per day.

[okisub]

I had a quick look around today, with online and phone quotes for comprehensive cover for a new manual 2010 golf GTI for my wife and I(both 32yo with a clean driving record).

It's not a 100% fair comparison as the excess' and little details like hire cars etc differ slightly. But it's pretty easy to narrow the choice down to 2.

RACQ $358
Suncorp $744
NRMA $356
Allianz $466
Just car $889
AAMI $483
Youi $733
Shannons $676
and Budget Direct wouldn't even offer cover to us?!

[dave_r]

Lesson 1 - read all the fine print and ask lot's of questions before you sign up.

Good advice mate.

I'll be going with GIO who in my case are $1300 with agreed value at the max (~$66k) including windscreen cover. This pushed the premium up a bit as their standard value is about 55k. There is a good reason for this though. GIO (and I suspect others) have a max time for delivery of the "new for old" replacement. So while my Golf R will be replaced with full options and onroad costs, it has to be done within 90 days. If they can't, then the agreed payout figure is given.

We all know the chances of a Golf R being delivered inside 3 months is slim to none so an extra $100 or so in premiums to make sure I get paid back more than I paid for the car is worth it to ensure I can replace it. Their value of $55k wouldn't be enough to replace the car.

Another trap is they have an additional $400 excess for the Golf R due to vehicle type (so $1k total excess)

[Pepe]

Finally got around to redoing my insurance today from the month by month one I signed up to when I got my R (only NRMA had it on their list at the time).

Ended up going with... NRMA!

Won't put all the details up, but asked about mods and was told "as long as they're legal, just include them in the agreed value and you're covered". So, got it covered for $77k. Also, she did mention that premiums vary up and down month by month, so if you're just going month to month, could pay to actually watch it on a monthly basis, mine was about 10% cheaper in Feb than last July when I first took out a policy with the NRMA.

[Corey_R]

Yeah - NRMA is turning out to be an attractive option atm. Everything goes in cycles with insurance, but this new system of theirs of leaving the roadworthiness/legality of the cars to the owners and therefore not listing performance modifications, and thus not putting up the premium due to that, is a bonus.

Going from a "Stock" Golf R to a Stage II+ added $400+ to my quote from Shannons (and that wasn't including the increase in insured amount to cover the mods!), yet it makes no diff to NRMA (other than the increase in insured amount to cover the mods).

[aVex]

Yeah - NRMA is turning out to be an attractive option atm. Everything goes in cycles with insurance, but this new system of theirs of leaving the roadworthiness/legality of the cars to the owners and therefore not listing performance modifications, and thus not putting up the premium due to that, is a bonus.

Going from a "Stock" Golf R to a Stage II+ added $400+ to my quote from Shannons (and that wasn't including the increase in insured amount to cover the mods!), yet it makes no diff to NRMA (other than the increase in insured amount to cover the mods).

It seems to me this could also be a way for insurance companies to pick out the smallest of things that may affect road worthiness and deny a claim? On the other hand if they did explicitly list what you have modified, increased your premium then they cannot deny the claim. Any thoughts?

[Corey_R]

Makes no diff... even if you did list the stuff, they could still pick out the smallest of things (related to them or not) which they could then deny the claim based on... just depends how stingy they wanted to be.