Insurance

[Dutch77]

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.

As per earlier in this thread the VW policy is underwritten by Allianz and can be obtained for much less by organising it yourself. However either way they try and hit you for the $2k theft excess unless fitted with a tracking device - I didn't bother continuing with them. If someone wants the car it's easy enough to steal for those that know what they're doing and I'd rather keep my $2k.

I wouldn't bother with the extended warranty. It's just an insurance policy to bump up profits for Allianz and another good commission earner for the dealer. Some people have had wins on them, but being an insurance policy and not genuine warranty it's designed for the house to win, and plenty of people have had wins outside warranty period for the big ticket items in any case via goodwill gesture from VW.

Given Allianz in SA refuse to insure modified vehicles (although some interstate people have managed this) I dare say they'd walk if you tried touching your car as well - a lot quicker than VW ever will.

The best pricing seems to be by the ex government insurers - NRMA, SGIC AND SGIO (Insurance Australia) and Suncorp - with very cheap premiums, full coverage, choice of repairer and modifications allowed = win. Always worth checking at renewal time as what's good this year may not be good next year.

[irossiter]

Very good advice. Thanks.


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[siu_loong_bao]

Yet to pick up my Golf R, but I have got some quotes:

VIC West Suburbs, 36 Male, Rating 1, $60k insured

Woolies = $1126 (excluding the $100 Gift Card Offer), excess $700
Coles = $955, excess $800 <----- Will probably ask them to beat the lowest quote
AAMI = $934.52, excess $720
RACV = $757.96, excess $625
GIO = $1005.41, excess $650
Budget Direct = $1422, excess $700
Just Cars = $1450+
Compare The Market = rubbish
YOUI = wanted to call me with their sales tactics (from past experience), so did not bother.

Clear winner is RACV. But with Coles, they have a Price Beat Policy - but not sure on the "saving".

Once I get a confirmed delivery time for the Golf R, I will then take out my insurance policy.

Edit: 1 more quote just done:
Allianz = $813.38, excess $850

[boardie_19]

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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Just double checked the contract of sale, it was $1850 for the two years. I did my deal thru Barloworld Mascot, Sydney.

[irossiter]

I've asked them to do better than the $2450 for 2 yrs and haven't heard back!


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[ian]

I just received my insurance renewal for my 2009 Golf Diesel GT insured for $25,500 cost $933 its with GIO
So I went on line and GIO had a 20% discount going to attract new customers So after a heap of questions I got it for $700,77c
a saving of over $230 so always check if you are a new customer or an old one ?

[Mountainman]

'DeboDasAuto',

This seems like a fantastic rate for full comprehensive car insurance.

Question: were you previously insured for another vehicle with NRMA and traded in the vehicle? This figure sounds like a changeover figure. Its called a 'change of vehicle' where you change the vehicle on your policy a mid point (12 month contract). You then pay a pro-rata amount to cover the new risk (vehicle).

NRMA did this to me a few years ago. Initial rate was fantastic but was followed up the next year by a huge increases. I just went back to my old insurer, RACQ, and picked up the $50 deal NRMA were offering at the time if they couldn't (or wouldn't) match the quote from your original insurer.

[mgrobins]

I wanted to post some quick thoughts:

1. Do you want to choose your own repairer?
Suncorp have purchased 'SMART' repairers and will attempt to channel you to that repairer (That also goes for AAMI and any of the insurance companies Suncorp owns). The concept is great and what they sell to clients. Unfortunately in delivery SMART = crap work at absolute lowest $. A business with a rep for causing as much damage as they fix.

AAMI used to allow me to choose my repairer but now I have to do the running around myself and push quite firmly. In the end they look at your quotes and compare to one from their repairer. Lowest cost wins. Even with not at fault claims.

I have a small claim going with AAMI now and will be cancelling once it is resolved so I need to find who lets me choose repairer and who will give flexibility to vehicle changes later (eg exhaust or ECU alterations).

Any advice??

Shannons, GIO (I think) and Suncorp (I think) will allow you to choose your repairer and I'm quite certain they charge higher premium for it. Some BS about greater risk.... but it's purely about them vertically integrating insurance, non-OEM import and repair elements.

Lifetime guarantee with no agreement to return a vehicle to manufacturer specification. No agreement to use original parts (sometime even second hand used).


2. Some companies hold you to ransom longer for any at fault claim. AAMI is 3 yrs and Allianz is 4 for example. This is the higher premium you pay having made a claim.

3. Don't pay the lazy tax. No insurance company rewards loyalty. Each renewal period you should seek to leave their business and only stay if they offer better than the competition. You can easily save $100 by showing intent to leave.

[lambertia]

Hi All,

If you were wondering why there is no discount for the fancy safety features such as City Emergency Brake:

Insurance discounts for self-braking cars

I for one would be happy to provide them with my contract of sale to qualify for the discount.

Cheers,
--
Greg.

[Dutch77]

Total cop out excuse, it wouldn't be hard to provide the evidence.

Having said that, with the discounts on offer I doubt my VW would still be on the road when I finally recouped the outlay.

Happy to keep braking as I've always done, and hope the dimwit behind me has spent the extra and doesn't run up the back of me.

[Arnold]

Driver Assistance Package - Insurance Benefits

Is there any evidence that insurers offer lower insurance premiums on cars equipped with the DAP?

For $1300, DAP seems to add a veritable trove of driver aids, notwithstanding the inclusion of the largely unnecessary Park Assist 2, and lower insurance premiums for DAP-equipped vehicles would seem to be in order.

Whatever the case, the $1300 DAP seems to be as much of a no-brainer for the Mark 7 Golf as the $500 reversing camera was for the Mark VI GTI/R.

[readerr0r]

Is there any evidence that insurers offer lower insurance premiums on cars equipped with the DAP?

For $1300, DAP seems to add a veritable trove of driver aids, notwithstanding the inclusion of the largely unnecessary Park Assist 2, and lower insurance premiums for DAP-equipped vehicles would seem to be in order.

Whatever the case, the $1300 DAP seems to be as much of a no-brainer for the Mark 7 Golf as the $500 reversing camera was for the Mark VI GTI/R.

I think NRMA are the only insurance company in aus to actively recognise City Stop Braking, and that only if it's standard on the car. All the other insurance brands are taking the angle of "well it'll lower the accidents happening, and that'll show in our calculations sooner or later".

See here NRMA offers cheaper insurance for cars with AEB as standard | CarAdvice

[Dutch77]

It was covered off in the insurance thread - they can't be bothered as it is to hard to deal with it unless fitted as standard.

Definitely not a no-brainer for me, happy to have pocketed $1,300 for stuff I won't use. Again each to their own.

As for having it standard and getting a worthwhile insurance saving - the insurance company would need to be paying me to warrant outlaying that sort of cash for the technology.

[Arnold]

Unless you never use cruise control or drive in 50 km/h zones, how can you not use Adaptive Cruise Control or Collision avoidance technology?

What's $1300 for such useful technology on a $40k car that drops $4000 the second you drive it out of the showroom?

[Dutch77]

I don't use cruise correct, but that's just me. I'm sure the tech is good for others, and that's fine - "each to their own". I prefer to control things directly and would not use it so it was a no-brainer for me not to pay for it. As a benefit the front of my car looks clean and uncluttered.

Better it drops $4k out the door than $5.3k.