Which Insurance company are you with?

[Bel]

Western Australia seems to have cheaper full comp insurance from my experience - compared to Victoria.
Here, through SGIO, I pay $422 inlcuding windscreen replacement (which is an extra $66), excess of $500. It is only market value on the car (2010 118Tsi) but seeing as it has new car replacement for 2 years I figure why put a fixed value on it.
To be honest I haven't read the PDS but with my previous car (insured with SGIO) the two times I got rear ended on the freeway the repairs were done within three weeks.

[srl]

Well, I just read both the AAMI and NRMA PDS statements, which shows what a small life I really have! To be honest, the variations are minor and relatively insignificant, although I expect for some of you my 'insignificant' is your 'WTF?!' NRMA let's you choose your own repairer, AAMI does not but will let you nominate a repairer to provide a quote. I know they will select the cheapest, but expect their authorisation means the repairer meets industry requirements. Against that, AAMI guarantees to use genuine parts if the car is under warranty; I could not find any reference in the NRMA PDS to what parts are used, but that could be my poor scanning. NRMA gives you up to $50 per day for car rental; while AAMI provides a 4 door auto with air conditioning. Not sure what a car costs to hire, but AAMI potentially is better. AAMI doesn't cover contents unless you're more than 100km from home; NRMA covers up to $500 value but excludes standard, options or accessories (eg. I assume the iPod dock), cash or mobile phone. Still can't find reference to slipping on anti coolant, although NRMA doesn't cover incidental damage related to fluid leakage; is this what you mean? Oh, and here's something I never considered: if your car is stolen, you have to pay the excess in event of loss or damage, because the insurance company can't find the perpetrator. It's logical, but a surprise. So, per the comment made earlier - these guys are in business to make a profit, and there are a range of ways you can be disappointed if you crash, get crashed in to or the victim of crime. Might just lock her up and catch the bus!

[Corey_R]

Yeah, AAMI vs NRMA in their repairers is pretty significant. "Nomination for quote" vs "choice of repairer". I did have AAMI when I used to own a toyota, and I was lucky enough to be able to get the repairer that I wanted, but only because their repairer was SO INCOMPETENT that the quote was obviously missing some significant consideration for damage which I was able to argue with the AAMI assessor about so they had no choice but to award it to my repairer... dispite them being $2000 more expensive (~$7k vs ~$5k)

NRMA excludes "Standard, options or accessories" because they cover them in the "agreed value". Which is what's making NRMA "modification friendly" at the moment. You don't have to list what mods you've done, as long as the car is "road worthy" they cover whatever is attached to the car on the day of the incident, within the limits of the agreed value.

Incidental damage related to fluid leakage I take to mean things such as soft drink leaks and ruins your seats.

The not paying for repairs due to slipping on leaking coolant and oil from your own car is thankfully not in AAMI or NRMA but is a legitimate statement from the PDS of another company mentioned in this thread and others on this forum.

Anyway, you can only really compare the "value" of each of these insurances after reading the PDS. Good to see someone has

[MiiLos]

I signed up for full comp. RACV insurance last night for my GTI. They were by far the cheapest, and like Corey mentioned the fact they are modification friendly was good. I decided to ensure for agreed value of $52k.

FYI - Youi quote me $5.5k! I almost fell of my chair when the sales rep said it to me on the phone, even she was shocked.

[JPanDAX]

A thought! How does a mod like an ECU flash or other performance mod affect insurance, Especially if it is not necessarily condoned by the car manufacturer? I.e. An APR Stage 1,2,3 upgrade? Do you have to tell them? Does it affect premium or will they even insure?

Interesting!


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[MiiLos]

As Corey mentioned, as long as the car is still deemed "road worthy" it will still be covered if the mods fall within you cover limit with RACV. Not sure about the other insurers.

[AdamD]

A thought! How does a mod like an ECU flash or other performance mod affect insurance, Especially if it is not necessarily condoned by the car manufacturer? I.e. An APR Stage 1,2,3 upgrade? Do you have to tell them? Does it affect premium or will they even insure?

This varies from insurer to insurer. Allianz, for example, will not insure you if you make any performance modifications whatsoever.

Personally, I would recommend that you check with your insurer before making any changes, and ensure they'll cover you. If not, go elsewhere. There would be nothing worse than a denied claim due to uninsured mods. Some insurers will charge a higher premium for the mods (including Shannons at time of writing); others - such as the NRMA in NSW - shouldn't charge you more, or even in some cases require the mods be listed, as long as they're all legal.

[Flighter]

Western Australia seems to have cheaper full comp insurance from my experience - compared to Victoria.
Here, through SGIO, I pay $422 inlcuding windscreen replacement (which is an extra $66), excess of $500. It is only market value on the car (2010 118Tsi) but seeing as it has new car replacement for 2 years I figure why put a fixed value on it.
To be honest I haven't read the PDS but with my previous car (insured with SGIO) the two times I got rear ended on the freeway the repairs were done within three weeks.

You've done very well. My car is similar vintage, yet a lesser model and I can't get a price anywhere near that despite being of low risk age, and (hopefully in their eyes) a good suburb.

[Bel]

I do think that being a female, over 30, has something to do with the low price Plus I don't owe anything on the car which is a question they always seem to ask..

[Flighter]

I do think that being a female, over 30, has something to do with the low price Plus I don't owe anything on the car which is a question they always seem to ask..

Those are the exact same circumstances my car is in. Interestingly I see that at SGIO the 118 is cheaper to insure by a noticeable amount than the 90, and that with a higher insured amount (market value) to boot. Funny business the insurance game.

[Brian]

Im still paying $315 (with all the gloss) for my 118TSi with RACQ. You guys aren't shopping around enough.

Brian

[Ideo]

Im still paying $315 (with all the gloss) for my 118TSi with RACQ. You guys aren't shopping around enough.

Brian

Or, you are older/have a different driving record and live in a safer suburb than other posters for insurance claims.

Or you are just amazing at haggling and the insurance companies worship the ground you walk on.

Whatever floats your boat the most.

[acheater]

Its Just Car for me! Only ones that will touch a 22 year old with an R. But it only costs me $1250 a year in Clayfield QLD

[hentaiboy]

Its Just Car for me! Only ones that will touch a 22 year old with an R.

And to think that I was driving a rusty Austin Mini 1000 at that age

[acheater]

And to think that I was driving a rusty Austin Mini 1000 at that age

LOL. Being married helps. Misses is the bread winner