Insurance

[cox11]

With my new mk7 GTi arriving in a few weeks, I was after some opinions in regards to insurance. Who did you choose, why/why not and how much you are paying

Thanks

[Guest001]

To get logical comparisons perhaps your age, post code etc might get some sensible answers

[Finance_Analyst]

I went with CBA - but only because of my relationship with the bank and my diamond status it was cheaper than all the majors. But that won't apply to all. Might be worth checking with your financial institution as they all offer insurance

[cox11]

To get logical comparisons perhaps your age, post code etc might get some sensible answers

Both my wife and I will be driving it and both are 35yo. It will be garaged in Cheltenham Victoria.

[veew]

What is your current rating. In the past, on comparing premiums/policies of different insurers, I found AAMI to have the best price for both motorbike and car insurance. My parents have policies with AAMI and SGIC and I think AAMI has been more effortless to deal with a claim. Overall we've been happy with the work carried out by both insurance companies.

This time, for my Golf, SGIC had the best premium by far with AAMI the next cheapest, $630 vs AAMI $830ish. JustCar was much more expensive than I expected at just over $1000 while my mate with a '10 Subaru WRX has found JustCar to be the cheapest. My GF has rating 2, I have rating 1 for car insurance, car garaged at an inner city address, driving less than 10,000km/yr, no licence suspensions.

After looking up a reviews of NRMA and SGIC I was happy enough to go with SGIC this time.
Oh btw, although Youi is underwritten by AAMI (which is in turn underwritten by one of two or three companies that underwrite all insurance companies in Australia) and claims their premiums are lower, this was not the experience I had on previous quotes for my motorbike and car. They were more expensive than AAMI whilst the coverage did not seem to be as complete or had more clauses.

My girlfriend recently told me her boss changed from one large insurance company to another smaller one (sorry I will try and chase up which company) which had a cheaper premium by a decent margin. Unfortunately they were involved in an accident within the first 1-2 weeks/months of the new policy, the insurance company would process their claim but the excess would be an additional $2-3000 as the claim was in the first few weeks/month of the policy. Has anyone heard of such a thing? I haven't and I think that is such a messed up clause. Yes they should've read the PDS but when you take out a policy you don't expect to be caught out by things like this that actually have a significant financial effects. They still haven't gotten their car fixed yet because of that messed up excess.

Conversely, my mum purchased a late model Camry recently and insured through AAMI. She's a pretty ****ty driver at best but this time had an accident that wasn't her fault. A guy came out of a small street and drove into the passenger side causing enough damage to write the car off. This accident occurred in the 3rd week of the insurance policy. She received the cheque for the payout within 2 weeks of the accident.

Addit: Turns out the insurance company my gf's boss was with was Youi.

[ajay1940]

Another vote for AAMI. I've had a couple of claims where idiots ran up my rear, and one where I holed the sump on a Bora, driving on an outback track. AAMI got the cars repaired in quick time with no problems. Even paid accommodation and hire car.

[Longy]

Another vote for AAMI. I've had a couple of claims where idiots ran up my rear, and one where I holed the sump on a Bora, driving on an outback track. AAMI got the cars repaired in quick time with no problems. Even paid accommodation and hire car.

Good to hear of positive stories with AAMI, as on other forum sites, all I saw was negative ones, one of my car is with AAMI as they were by far the cheapest on that car (Kluger).

Doing online quotes for the upcoming S3, for an agreed value of $73k AAMI was $780 were as GIO was $1005 and others closer to $2000, so definitely worth shopping around.

[brad]

With my new mk7 GTi arriving in a few weeks, I was after some opinions in regards to insurance. Who did you choose, why/why not and how much you are paying

Thanks

Waste of time asking unless you can find somebody with the same age, previous driving record, number of years without a claim, similar bundling package & living directly next door to you that has exactly the same car with the same options as you.

[AdamD]

Suggest you all have a read through this extensive thread on the subject in the Mk6 section:

http://www.vwwatercooled.com/forums/f112/insurance-company-you-43286.html

AAMI gets very negative reviews from many, especially those who've had to claim and have a car repaired.

[Guest001]

NRMA is by far the cheapest for both of mine

[veew]

Wow that is a long thread, quickly looked up a few pages but will have to go back another time.

What are the top three based on that thread?

[Alex31]

Suncorp is not the cheapest but I have found they have a not bullsh*t approach to repairs and a good sound policy


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[kure69]

Racv was the cheapest for me at the time. I really didn't like youi's PDS. Aami have recently upgraded their software and it was the cheapest for my dad's Honda, even cheaper than bingel. Do an online quote and save an extra $100 with aami. But the golf is still more expensive for me with aami.

[DV52]

Suggest you all have a read through this extensive thread on the subject in the Mk6 section:

http://www.vwwatercooled.com/forums/f112/insurance-company-you-43286.html

AAMI gets very negative reviews from many, especially those who've had to claim and have a car repaired.

I'm with AAMI and I just got my renewal notice last week. The quote was $494. I'm a fairly old geezer with a diamond status (whatever that means). I haven't read the link that AdamD posted, but I've had a few occasions to make claims from AAMI (not my fault). My emphatic advice, for what it's worth, is that if you insure with AAMI, ALWAYS (and I repeat, always) take particular care with their repairs.

I have used their "Valet service" when repairs have been needed and in all cases, the third party repairer has quoted new parts, but has supplied patched-up old parts. I guess that this is common practice in the panel beating industry (whatever happened to honesty in business?).

Anyhow, I would have thought that one of the duties of AAMI's valet service would have been to check that what was delivered by the panel beater (that they chose), was what was quoted. Clearly my expectations have been greatly exaggerated! Whilst I'm not imputing any nefarious motives to the staff at AMMI, I have noticed when I have used the Valet service that there is a well honed relationship between the staff and the phalanx of panel beaters that seen to come and go in/out of the AAMI offices.

So, my advice (if you choose AAMI and you use their Valet service), is to always get a copy of the repairer's quote and always do your own inspection (to the degree that you can) to ensure that where new parts are specified, they are actually installed.

[night_flight]

+ SGIC they let me choose my own repairer plus agreed value really good!